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How Surface Protection Films Market will Grow in Future? FMI Research Offers Insights 2017-2027

09-20-2017 04:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

How Surface Protection Films Market will Grow in Future? FMI

With the growing demand for innovative use of plastics, the need for protection films and coated papers is also emerging. Surface protection films are used to avoid scratching and abrasion of products during manufacturing and logistics. Surface protection films render longevity to the product and is a cost effective way to preserve expensive products. They are made up of a substrate layer and an adhesive layer. These films are generally used in touchscreen over laminates, product displays, labels, and merchandising. Some of the exuberant features of surface protection films are resistance to scratch, chemicals, and UV. The growth of the global surface protection films is expected to project a significant CAGR over the forecast period.

Surface Protection Films: Market Dynamics

Growing demand from electronics and smartphones market for scratch resistant screens and lenses is the primary factor driving the growth of the global surface protection films. Electronic devices these days demand special attention to prevent damage to their display screen, that’s why surface protection films are being extensively employed to protect the product during transportation and consumer handling. Another factor which is driving the demand of the global surface protection films market is the exhaustive use of these films for protecting the household interiors from discoloration and maintaining their sheen for years. However, the release of harmful byproducts during the production process of these films is restraining the growth of the surface protection films market. Use of multilayer films i.e. films comprising of two to three layers to provide extra strength and proper adhesion is likely to create an opportunity for the global surface protection films market. Use of different and environment friendly resins for making these films is a key trend prevailing in the global surface protection films market.

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Surface Protection Films: Market Segmentation

Global surface protection films market is segmented on the basis of raw material, film color, substrate, and geography. On the basis of raw material, the surface protection films market is segmented into LDPE, PP, and PVC. LDPE is the most preferred raw material for making surface protection films due to high degree of flexibility and elasticity. On the basis of film color, the global surface protection film market is segmented into clear and colored/tinted films. Clear surface protection films is further sub segmented into transparent and translucent films. On the basis of substrate on which these films are used for protection, the global surface protection films market is segmented into metal, glass, and plastic surfaces.

Surface Protection Films Market: Regional Outlook

Geographically, the global surface protection films market is segmented into North America, Middle East & Africa, Latin America, Asia Pacific, and Europe. North America is currently leading the global surface protection films market attributed to an early adoption of technology by the consumers and high willingness to pay. Asia Pacific region is anticipated to gain momentum over the forecast period due to evolution of a consumer oriented middle class household and an increased purchasing power. China is specifically expected to exhibit tremendous growth over the forecast period due to well established electronics market. Growing demand for plastics as well as LCD TV displays is expected to promote the growth of the surface protection films in the Middle East & Africa region. Latin America region is expected to exhibit slow growth of the forecast period due to poor microeconomic conditions and high inflation rates.

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Surface Protection Films Market: Key players

Some of the key players of the global surface protection films market are Novacel Inc., Polifilm Group, Nitto Denko Corporation, Dunmore Corporation, Tint World, LLC, Pregis Corporation, and Toray Advanced Film Co. Ltd., and Sun Packaging Inc.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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