Global Paint Protection Films Industry was valued at USD 410 Million in the year 2018. Global Paint Protection Films Industry is further estimated to grow at a CAGR of 6.5% from 2019 to reach USD 802 Million by the year 2025. Automotive segment accounted for the largest share of 71.3% in 2017. Strong product interest for paint security in vehicles, electronic devices, air ship, water crafts and ships has invigorated the development of the market. Besides, advancements in innovation to offer feasible items with insignificant ecological effect are anticipated to move the market.
Global Paint Protection Films Industry Share and Size by 2025 (USD Million)
Frequent variations in raw material pricing and declining automotive production in major economies including the United Sates, Korea, and Japan are expected to act as a stumbling stone for market players.a portion of the market factors and patterns recognized in the global paint assurance film advertise incorporate the developing automotive segment, expanding request from electronic things, and rising guard spending plans of different nations. Besides, expanding car creation and deals, improved financial condition, and rising customer inclinations towards money saving advantages offered results are a portion of alternate components which are anticipated to give another force to the paint assurance film request over the evaluated period.
Major industry players in Paint Protection Films Industry are M3,KDX Composite Material, XPEL TECHNOLOGIES CORP., ORAFOL Europe GmbH, HEXIS S.A., PremiumShield, Saint-Gobain Performance Plastics, Eastman Chemical Company, SWM, Avery Dennison Corporation, and RENOLIT.
Paint Protection Films Industry Segmentation:
Paint Protection Films Industry Overview, By Product Type
Paint Protection Films Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa