Surface Protection Films Market will Register a CAGR of 5.7% through 2017-2027
Surface Protection Films: Market Dynamics, Segmentation, Regional Outlook and Key players
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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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.
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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.
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.
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