Paint Protection Film Market Size to Grow by USD 103.46 Mn, Expansion of Consumer Electronics Industry to Boost Market Growth - Technavio

NEW YORK, Oct. 18, 2022 /PRNewswire/ -- The "Paint Protection Film Market by End-user (Automobile, Aerospace and Defense, Electrical and Electronics, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the paint protection film market size between 2021 and 2026 is USD 103.46 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Key Market Dynamics

The expansion of the consumer electronics industry is driving the paint protection film market growth. PPFs are widely used by the consumer electronics industry. They are scratch-resistant and heat-resistant and are used for a wide range of applications, such as cell phones, document handling systems, LED, displays and projectors, wearable electronic devices, gasket optics and lighting, rollers, and others. The demand for consumer electronics is attributed to factors such as the rising urban population, the increase in disposable income, a strong supply chain, and growing internet penetration worldwide. The rising demand for consumer electronics has increased the demand for PPFs. APAC is a major producer and consumer of PPFs used in consumer electronics goods. Moreover, governments of many developing countries are reducing tax rates for manufacturers of electronics. Thus, the rising demand for PPFs used in manufacturing electronic components is expected to fuel the growth of the global PPF market during the forecast period.

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Some Companies Mentioned with their Offerings

3M Co., Avery Dennison Corp., Bluegrass Protective Films LLC, Compagnie de Saint Gobain, DuPont de Nemours Inc, Eastman Chemical Co., GARWARE HI TECH FILMS Ltd., Global Paint Protection Films Inc., Hexis S.A., Madico Inc., Polor Pro, POYA TECH CO. LTD., PremiumShield Ltd., The Lubrizol Corp., Top Color Film Ltd., XPEL Inc., Zhejiang Joyvie New Materials Co. Ltd., Zhejiang Shichuang Optics Film Manufacturing Co. Ltd., among others, are the key vendors in the market. The offerings of some of these vendors are listed below:

• 3M Co. - The company offers paint protection films such as 3M paint protection films.
• Avery Dennison Corp. - The company offers paint protection films such as Supreme Defense gloss paint protection film.
• Compagnie de Saint Gobain - The company offers paint protection films such as SGPPF Sapphire.
• DuPont de Nemours Inc - The company offers paint protection films such as Tedlar PVF film.
• Eastman Chemical Co. - The company offers paint protection films such as Urethane paint protection film.

This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now

Market Segmentation

By end-user, the automobile segment will be the largest contributor to market growth during the forecast period. The demand for PPF is expected to increase during the forecast period, owing to the increasing rate of production of lightweight passenger cars.

By geography, APAC will be the leading region with 40% of the market's growth during the forecast period. China, Japan, and India are the key countries for the paint protection film market in APAC. This growth is attributed to factors such as the increasing demand for automobiles. Moreover, market growth in this region will be faster than the growth of the market in other regions.

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Key Topics Covered

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2022 - 2026

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End user
• Automobile - Market size and forecast 2022 - 2026
• Aerospace and defense - Market size and forecast 2022 - 2026
• Electrical and electronics - Market size and forecast 2022 - 2026
• Others - Market size and forecast 2022 - 2026
• Market opportunity by End user

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2022 - 2026
• North America - Market size and forecast 2022 - 2026
• Europe - Market size and forecast 2022 - 2026
• South America - Market size and forecast 2022 - 2026
• MEA - Market size and forecast 2022 - 2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 3M Co.
• Avery Dennison Inc.
• Compagnie de Saint-Gobain SA
• DuPont de Nemours Inc.
• Eastman Chemical Co.
• Garware PoIyester Ltd.
• HEXIS SA
• Madico Inc.
• The Lubrizol Corp.
• XPEL Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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