Surface Protection Films Market Share, Growth Analysis 2022-2028

According to Precision Business Insights (PBI) latest report the global surface protection films market is worth USD 2,085.3 million in 2022, growing at a 5.1% CAGR from 2022 to 2028. The global surface protection films market segmented into following types: By Product Type (Polyethylene (PE), Polyurethane (PU), Poly Vinyl Chloride (PVC), and Others), By End User (Electronics, Construction & Interior, HealthCare, Automotive, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) Forecast to 2028. Key player's profiles in the surface protection films market report are Pregis LLC., ECOPLAST LTD, POLIFILM GROUP., NITTO DENKO CORPORATION., Chargeurs, Tredegar Corporation, Dunmore corporation, and Bubble Pacage Private Limited. An increase in demand for surface protection films in construction activities drives the market. Construction projects in developing countries contribute to air pollution, which releases various dust particles that contaminate a variety of items. Surface protection films are helpful in this situation because they protect the product's surface while also decreasing wear and tear. Protective films are complementary goods whose demand is influenced by the increasing need for substrates in the end-use sector. These elements are expected to aid in the market's progress. Increasing focus on infrastructure improvements in various sectors, particularly in developing countries, construction activities have witnessed a significant rise in demand for surface protection films. Surface protection films are used as complimentary items, coupled with their demand directly affected by the popularity of substrates in several end-use sectors. Moreover, the increasing expansion of the automation industry, along with demand for connected consumer devices embedded with flat-screen systems, are likely to catalyze the popularity of the surface protection films market.

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Polyethylene (PE) Segment Dominates the Surface Protection Films Market:
In 2021, the Polyethylene (PE) segment accounted for larger revenue share and was projected to grow with a CAGR of X% from 2022 to 2028. This is because polyethylene protective films are composed of the polyethylene polymer, which is the most widely accessible and least expensive polymer among protective films.

Asia Pacific Leads Surface Protection Films Market:
In 2021, Asia Pacific had the most revenue share in the global surface protection films market, and the region represented a revenue share of X% that amounted to USD X Mn. The Asia Pacific market is primarily driven by rising building activity in emerging nations such as India and China, which results in dust particles being discharged into the air and necessitates particle protection.

Furthermore, a growing middle-class population, rising industrialization, urbanization, and rising consumer purchasing power have contributed to the market's expansion over the anticipated period. Moreover, North America is expected to contribute the most to the market due to the region's vast customer base and established economy.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Surface Protection Films Market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In March 2022, Pregis, acquired Italian temporary protective films manufacturer Soprad. The company Soprad is a manufacturer and supplier of performance-oriented adhesive protective films for a variety of surfaces, including metal, plastic, glass, and carpets. In July 2021, the company launched cost-effective, temporary surface protection films specifically designed for a new generation, fingerprint-resistant or speciality-coated products.

Detailed Segmentation.
Based on the Product Type, the market is segmented into the following:
• Polyethylene (PE)
• Polyurethane (PU)
• Poly Vinyl Chloride (PVC)
• Others

Based on the End User Industry, the market is segmented into the following:
• Electronics
• Construction & Interior
• HealthCare
• Automotive
• Others.

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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