Automotive aftermarket growth in Asia is a key growth driving factor for the industry, with China, Southeast Asia, India and Japan being major demand centers. The Global Paint Protection Film Market size is expected to reach USD 369.3 million by 2022, according to a new report by Grand View Research, Inc.
Thermoplastic urethane films which gained prominence as surface protectors in helicopter blades have evolved gradually, over the past, to find greater usage in automotive and electronic applications. The product pioneered by companies in the U.S. has attained global acclaim for protecting surfaces against abrasion, corrosion, chipping, and wear.
Globally, the industry is characterized by intense competition amongst global and small-scale companies by means of pricing and product differentiation. A key trend is the re-emergence of PPF in aerospace applications where its usage ranges from fuselage surfaces to cockpit instrumental panels, which led to companies offering specialized products for now diverse applications.
From a consumer perspective, greater income disposability has led to buyers being able to decide from various paint protection products & services. Traditionally Teflon coatings were the preferred choice due to cheaper pricing and decent lifespan. However, PPF has gained prominence due to its versatility of application, that include chosen components of a vehicle or the vehicle in its entirety, and product lifespan that extends up to five years from installation.
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Industry competition is highly factored by product differentiation and pricing. Another major aspect of the industry is the cost associated with installation, where consumers are aware of brand offerings but deter from PPF purchases due to higher installation costs.
Top Players of
Some of the key companies present in the market include 3M Company, XPEL Technologies, LLumar, DuraShield, Argotec, Premier Protective Films International, Avery Denison, Vanzetti, PremiumShield, Solar Gard, SunTek Films, Paint Shield, Proshield, and StarShield Solutions.
Market Segmentation of
The Global Paint Protection Film Market segmented on the basis of Application, and Region.
By Application:
Automotive
Electrical & Electronics
Aerospace & Defense
By Region:
North America
US
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Central & South America
Middle East & Africa
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