Paint Protection Film Market Introduction and Overview
According to SPER Market Research, the Global Paint Protection Film Market is estimated to reach USD 0.84 billion by 2033 with a CAGR of 5.82%.
The report includes an in-depth analysis of the Global Paint Protection Film Market, including market size and trends, product mix, Applications, and supplier analysis. Paint protection films are made of polymeric materials with an adhesive end that allows them to be applied to surfaces and shield them from external elements such heat, UV rays, corrosion, scratches, dust, and stains. Various end-users, including automotive, aerospace, oil and gas, electrical and electronics, and numerous more, are the primary consumers of paint protection films.
- May 2019: Avery Dennison Corporation expanded its product line in May 2019 by introducing new colours for its Supreme WrappingTM Film, adding Supreme Protection Film XI (SPF-XI) film, and expanding its selection of vehicle window films. This latest release offers reasonably priced ways to shield cars and other surfaces from outside damage to paint caused by rock chips, road debris, and other events while travelling.
- November 2018: Apogee Corporation, a Taiwan-based distributor of window films and automobile paint protection, was purchased by XPEL, Inc. in November 2018. By means of this acquisition, XPEL was able to offer improved local service to all of its customers across Asia and sell directly to its clients in Taiwan, Hong Kong, and Macau.
Market Opportunities and Challenges
The primary element that helps end users is the product's low price. In order to increase product durability, end users spend in research and development. Additionally, efforts to build flexible films with a range of paint qualities for application on surfaces are anticipated to generate lucrative opportunities for the expansion of the paint protection film market. Paint protection film demand is also predicted to increase globally as a result of consumers' shifting preferences for maintaining the finish on their cars and their growing knowledge of the importance of regular car care.
However, the paint protection film boost the ultimate cost of the vehicle because it is relatively expensive. Additionally, using trained personnel is required, which drives up installation costs. The market expansion for paint protection films would be hampered by the higher overall cost due to affordability concerns. Furthermore, the paint protection layer frequently tends to distort the colour of the car. In addition, they don't repel water very well. However, for an even better paint protection solution, many skilled PPF installers also offer ceramic coating treatments over paint protection films. These disadvantages will therefore hinder the market's rate of expansion for paint protection films.
Market Competitive Landscape
As the major participants in the industry and those classified as market innovators, 3M, XPEL, Inc., and GARWARE, among others, have a strong hold on the paint protection film (PPF) market. These businesses have been around for a while, which has allowed them to successfully create a global presence. Despite being relatively new to the market, the industry leaders have managed to build a sizable consumer base through their extensive product lines. To increase their market footprint, these firms have also forged agreements with international distributors and suppliers. On the other hand, emerging firms compete fiercely to break into the global market and typically operate at a regional level. The main tactics used by businesses include technology advancements, partnerships, and the introduction of new products. The major players in the market include: 3M, Avery Dennison Corporation, Eastman Chemical Company, Garware Hi-Tech Films Ltd., Hexis S.A.S, RENOLIT SE, Saint-Gobain S.A., XPEL Inc., Ziebart International Corporation., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | 3M, Avery Dennison Corporation, Eastman Chemical Company, Garware Hi-Tech Films Ltd., Hexis S.A.S, RENOLIT SE, Saint-Gobain S.A., XPEL Inc., Ziebart International Corporation., Others
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COVID-19 Impact on Global Paint Protection Film Market
The imposition of lockdown and other functional restrictions in different parts of the world as a result of the coronavirus outbreak had a detrimental effect on the paint protection film industry, leading to a decline in demand in the global market. The market is thought to be driven mostly by the extensive operation of the automotive industry and the demand for electronic goods, both of which were negatively hit by the lockdown and saw a halt in production. The market's supply, demand, and coordination chains were all disrupted by the pandemic, which had a detrimental effect on the market's growth prospects over the course of the projected period.
Key Target Audience:
- Auto Detailing Shops
- Automotive Enthusiasts
- Car Dealerships
- Classic Car Owners
- Custom Car Builders
- Daily Commuters
- Fleet Owners
- Luxury Vehicle Owners
- Motorsport Participants
- New Car Owners
- Off-Road Enthusiasts
- Others
Our in-depth analysis of the Paint Protection Film Market includes the following segments:
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By Material:
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Polyvinyl chloride (PVC)
Thermoplastic Polyurethane (TPU)
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By Application:
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Aerospace & Defence
Automotive & Transportation
Electrical & Electronics
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Key Topics Covered in the Report:
- Global Paint Protection Film Market Size (FY’2023-FY’2033)
- Overview of Global Paint Protection Film Market
- Segmentation of Global Paint Protection Film Market By Material (Polyvinyl chloride, Thermoplastic Polyurethane, Others)
- Segmentation of Global Paint Protection Film Market By Application (Aerospace & Defence, Automotive & Transportation, Electrical & Electronics, Others)
- Statistical Snap of Global Paint Protection Film Market
- Expansion Analysis of Global Paint Protection Film Market
- Problems and Obstacles in Global Paint Protection Film Market
- Competitive Landscape in the Global Paint Protection Film Market
- Impact of COVID-19 and Demonetization on Global Paint Protection Film Market
- Details on Current Investment in Global Paint Protection Film Market
- Competitive Analysis of Global Paint Protection Film Market
- Prominent Players in the Global Paint Protection Film Market
- SWOT Analysis of Global Paint Protection Film Market
- Global Paint Protection Film Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Paint Protection Film Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Paint Protection Film Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Paint Protection Film Market
7. Global Paint Protection Film Market, By Material (USD Million)
7.1. Global Paint Protection Film Market Value Share and Forecast, By Material, 2023-2033
7.2. Polyvinyl chloride (PVC)
7.3. Thermoplastic Polyurethane (TPU)
7.4. Others
8. Global Paint Protection Film Market, By Application (USD Million)
8.1. Global Paint Protection Film Market Value Share and Forecast, By Application, 2023-2033
8.2. Aerospace & Defence
8.3. Automotive & Transportation
8.4. Electrical & Electronics
8.5. Others
9. Global Paint Protection Film Market Forecast, 2019-2033 (USD Million)
9.1. Global Paint Protection Film Market Size and Market Share
10. Global Paint Protection Film Market, By Material, 2019-2033 (USD Million)
10.1. Global Paint Protection Film Market Size and Market Share By Material (2019-2026)
10.2. Global Paint Protection Film Market Size and Market Share By Material (2027-2033)
11. Global Paint Protection Film Market, By Application, 2019-2033 (USD Million)
11.1. Global Paint Protection Film Market Size and Market Share By Application (2019-2026)
11.2. Global Paint Protection Film Market Size and Market Share By Application (2027-2033)
12. Global Paint Protection Film Market, By Region, 2019-2033 (USD Million)
12.1. Global Paint Protection Film Market Size and Market Share By Region (2019-2026)
12.2. Global Paint Protection Film Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. 3M
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Avery Dennison Corporation
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Eastman Chemical Company
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Garware Hi-Tech Films Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Hexis S.A.S
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. RENOLIT SE
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Saint-Gobain S.A.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. XPEL Inc.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Ziebart International Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope