The global paint protection film market size reached US$ 331.2 Million in 2022. Looking forward, the publisher expects the market to reach US$ 454.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Paint protection film (PPF) is a thin thermoplastic urethane material made using a unique adhesive substance that bonds to the substrate of a vehicle. It is usually applied over high-exposed areas like rear fender panels, front bumper, hood, grille, side-view mirrors, door edges, headlights, and fog lights to provide a shield against natural contaminants. It also protects the surface of the car from unsightly chips, light scratches, toxins, chemicals, and road grime and improves the overall aesthetic. In addition, it can withstand the damage from ultraviolet (UV) exposure that causes the paint to oxidize and fade over time. Nowadays, PPF is commercially used with professional-grade nano-ceramic coatings to offer extended protection.
2. What is the expected growth rate of the global paint protection film market during 2023-2028?
3. What has been the impact of COVID-19 on the global paint protection film market?
4. What are the key factors driving the global paint protection film market?
5. What is the breakup of the global paint protection film market based on the material?
6. What are the key regions in the global paint protection film market?
7. Who are the key players/companies in the global paint protection film market?
Paint protection film (PPF) is a thin thermoplastic urethane material made using a unique adhesive substance that bonds to the substrate of a vehicle. It is usually applied over high-exposed areas like rear fender panels, front bumper, hood, grille, side-view mirrors, door edges, headlights, and fog lights to provide a shield against natural contaminants. It also protects the surface of the car from unsightly chips, light scratches, toxins, chemicals, and road grime and improves the overall aesthetic. In addition, it can withstand the damage from ultraviolet (UV) exposure that causes the paint to oxidize and fade over time. Nowadays, PPF is commercially used with professional-grade nano-ceramic coatings to offer extended protection.
Paint Protection Film Market Trends:
Cars are susceptible to damage as they are regularly exposed to airborne contaminants and other pollutants that deteriorate protective coatings and automotive finishes. This, in confluence with the rising demand for private vehicles due to the increasing consumer spending and the emerging suburbanization trend, represents one of the main factors fueling the market growth. Moreover, the growing sales of luxury cars and sports utility vehicles (SUVs) for outdoor recreational activities is driving the need for effective and premium PPF products. Besides this, as these products provide an enhanced finish, superior protection against corrosion, and high-temperature resistance, PPFs are gaining traction over their counterparts, which have harsh chemical cleaners and agents and can damage the paint finish. Apart from this, market players are offering products with unique characteristics that can be customized according to a specific vehicle. They are also offering high-quality variants with excellent durability, which is anticipated to create a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global paint protection film market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, formulation type and end use industry.Breakup by Material:
- Thermoplastic Polyurethane
- Polyvinyl Chloride
- Others
Breakup by Formulation Type:
- Water-based
- Solvent-based
Breakup by End Use Industry:
- Automotive and Transportation
- Electrical and Electronics
- Aerospace and Defense
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Avery Dennison Corporation, Compagnie de Saint-Gobain S.A., Eastman Chemical Company, Grafityp, Hexis S.A.S, Kangde Xin Optical Film Materials (Shanghai) Co. Ltd., ORAFOL Europe GmbH, Reflek Technologies Corporation, Schweitzer-Mauduit International Inc., XPEL Inc. and Ziebart International Corporation.Key Questions Answered in This Report
1. What was the size of the global paint protection film market in 2022?2. What is the expected growth rate of the global paint protection film market during 2023-2028?
3. What has been the impact of COVID-19 on the global paint protection film market?
4. What are the key factors driving the global paint protection film market?
5. What is the breakup of the global paint protection film market based on the material?
6. What are the key regions in the global paint protection film market?
7. Who are the key players/companies in the global paint protection film market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Paint Protection Film Market
6 Market Breakup by Material
7 Market Breakup by Formulation Type
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Avery Dennison Corporation
- Compagnie de Saint-Gobain S.A.
- Eastman Chemical Company
- Grafityp
- Hexis S.A.S
- Kangde Xin Optical Film Materials (Shanghai) Co. Ltd.
- ORAFOL Europe GmbH
- Reflek Technologies Corporation
- Schweitzer-Mauduit International Inc.
- XPEL Inc.
- Ziebart International Corporation.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 331.2 Million |
| Forecasted Market Value ( USD | $ 454.1 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
