What is Protective Films Market?
The protective film coatings allow the product to be effectively used within certain harsh environments while providing proper protection against scratching and wear resistance. The protective film market is expected to grow in the future due to huge demand from numerous applications, such as metal finishing, industrial, transportation, and electronics to prevent harm to the products. Growth in the pharmaceutical and medical industry boosting the demand for protective films.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (United States), Chargeurs (France), Dupont (United States), Arkema (France), Avery Dennison (United States), Polifilm Group (Germany) and Bischof + Klein SE & Co. KG. (Germany) |
CAGR | 5.9% |
The market study is being classified by Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride and Others), by Application (Building & Construction, Packaging, Electronics, Transportation and Others) and major geographies with country level break-up.
The global market for Protective Films is fragmented by key players owing to the rising demand for Protective Films for better material properties and robust environmental withstanding properties. The players should focus on product innovation and development activities of the pressure sensitive adhesive tape and label manufacturers. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Protective Films market throughout the forecasted period.
Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (United States), Chargeurs (France), Dupont (United States), Arkema (France), Avery Dennison (United States), Polifilm Group (Germany) and Bischof + Klein SE & Co. KG. (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hitachi Chemical Co., Ltd. (Japan) and Toray Industries Inc. (Japan). Segment Analysis
Analyst at AMA Research have segmented the market study of Global Protective Films market by Type, Application and Region. On the basis of Type, Polyethylene are dominating the market in the year 2021
On the basis of application, Building & Construction segment is dominating the market in the year 2021
On the basis of geography, the market of Protective Films has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Construction and Renovation Activity in Developing Countries
- Increasing Disposable Income among the people
Market Trend
- Technological Advancements for the Protection of Products
- Availability of Customised Protection Film for Numerous Types of Applications such as Electronic Screen, Medical Device Screen, Etc
Restraints
- The Availability of Counterfeit Products
- Straight Environment and Government Regulation on Production and Processing of Plastic
Opportunities
- Growth in the Automotive Industry in Emerging Countries
- Growing Demand for Protective Film from Electronic and Telecommunication Industry
Challenges
- Development of New Bio-Based Protective Films
Market Leaders and some development strategies
On 1st October 2021, XPEL, Inc. the Company, a global provider of protective films and coatings, announced the acquisition of five businesses from two sellers in the United States and Canada. An Installer of paint protection and window film in Phoenix, Arizona. A high-volume installer of automotive window film who provides on-site service to Arizona's mostly mid-range new car dealerships
In response to Prime Minister Shri Narendra Modi's clarion call to phase out single-use plastic and in light of the negative impacts of littered plastic on both terrestrial and aquatic ecosystems, the Ministry of Environment, Forest and Climate Change, Government of India, has notified the Plastic Waste Management Amendment Rules, which prohibit identified single-use plastic items with low utility and high littering potential.
Key Target Audience
Protective Films Manufacturers, Protective Films Distributors and Suppliers, Raw Material Suppliers, Government and Research Organizations, Research and Consulting Firms and Potential Investors