Paint Protection Films Market is Forecasted to Reach US$ 677.75 Million in 2028, Says Stratview Research

The global paint protection films market is projected to witness a growth rate of 5.59% annually from 2023 to 2028, with an anticipated size of US$ 677.75 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global paint protection films market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 677.75 million
Growth (CAGR): 5.59% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Paint Protection Films Market:

The global paint protection films market is segmented based on material type, end-use industry type, and region.

Based on material type - The market is segmented as thermoplastic polyurethane, polyvinyl chloride, and others. The thermoplastic polyurethane segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Some of the properties driving the market for thermoplastic polyurethane paint protection films are anti-paling, self-healing, recyclability, and elasticity.

Based on end-use industry type - The paint protection films market is segmented as automotive, electronics, construction, and others. The automotive segment dominated the market in 2022, owing to the maintenance of the new look of vehicles, increased resale value, scratch resistance, and protection from the adverse effects of sunlight and rain. The segment is likely to lead the market during the forecast period as well.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1298/paint-protection-films-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the largest as well as the fastest-growing market for paint protection films during the forecast period. This growth outlook is majorly attributed to the following-

• Driven by an increase in sales of luxury cars.
• China is estimated to be the biggest producer and consumer of thermoplastic polyurethane, which is the principal base material preferred for making paint protection films.
• North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Paint Protection Films Market Drivers:

Some of the key drivers listed in the report are given below.

Rising automotive paint protection demand - Paint protection films are used in automotive industries to safeguard vehicle surfaces from damage like scratches, chips, etc. The desire to maintain the vehicles' appearance, resale value, and extend life has fuelled the demand for paint protection films.

Growing customization desires - The rising trend of car customization is contributing to the growth of the global market for paint protection films. Paint protection films can be used to customize the appearance of vehicles, and this is becoming widespread among car enthusiasts.

Rising Automotive sector - Population across the globe is increasing rapidly, and so is the demand for means of transportation. The automotive segment is witnessing a huge increase in the coming years. Paint protection films are widely used in this segment, and the growth in the automotive segment presents a favorable growth in the global paint protection films industry too.

Increasing disposable income - People with high disposable income are more likely to spend money on protecting their vehicles, and customization. As disposable income increases, car enthusiasts and other individuals are more likely to spend a portion of their earnings to protect and enhance their vehicle's aesthetics.

Top Companies in the Paint Protection Films Market:

Stratview Research has identified the following companies as the top market players.
• The 3M Company
• Avery Dennison Corporation
• Eastman Chemical Company
• GRAFITYP Selfadhesive Products NV
• Hexis S.A.
• ORAFOL Europe GmbH
• PremiumsShield Limited
• Saint-Gobain Performance Plastics Corporation
• Schweitzer-Mauduit International, Inc.
• XPEL, Inc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Paint Protection Films Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Thermoplastic Polyurethane Market: https://www.stratviewresearch.com/609/thermoplastic-polyurethane-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.