According to a new report by Expert Market Research titled, “Global Paint Protection Film Market Size, Share, Report and Forecast 2023-2028″, the global paint protection film market size reached a value of approximately USD 431.9 million in 2022. Aided by the growing demand for luxury vehicles and significant research and development in polymers and materials, the market is projected to further grow at a CAGR of 6.00% between 2023 and 2028 to reach a value of USD 612.7 million by 2028.
Paint protection film, also known as clear bra, is a thin layer of thermoplastic urethane applied to the surface of vehicles, electronic devices, and other items to protect them from scratches, chips, stains, and harmful UV rays. Beyond its protective properties, the film’s clarity and glossiness do not compromise the original colour and design, rendering it a valuable product in a variety of industrial and consumer applications, including automotive, electronics, and aerospace.
The escalating consumer preference for maintaining and enhancing vehicle aesthetics is a primary driver of the global paint protection film market growth. With the growing awareness of the benefits associated with paint protection, including increased longevity and enhanced resale value, there has been a significant shift towards using these films, leading to a surge in demand. Additionally, the rising trend of customising vehicles and electronics to achieve a unique look has further boosted the popularity of paint protection film, given its non-invasive and reversible nature.
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The expanding applications of paint protection film in various industries also significantly contribute to paint protection film market development. In the automotive industry, the film is used not only for new cars but also for used vehicles, adding an extra layer of protection, and enhancing the vehicle’s appearance. The electronics industry utilises paint protection film to prevent scratches and stains on electronic devices like smartphones, tablets, and laptops. Moreover, the film’s UV-resistant properties make it an essential component in the aerospace industry, providing protection against environmental damage to aircraft exteriors, thus increasing the paint protection film market demand.
Furthermore, the growing demand for durable and high-quality consumer goods has resulted in an increased focus on paint protection film as an integral part of product manufacturing and maintenance. With the rise of consumerism and the increasing popularity of premium goods, paint protection film has emerged as a critical component in maintaining the aesthetic and functional integrity of various products, thereby boosting the paint protection film market expansion.
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The market can be divided based on material, application, and region.
Market Breakup by Material
• Thermoplastic Polyurethane
• Polyvinyl Chloride
Market Breakup by Application
• Automotive and Transportation
• Aerospace and Defence
• Electrical and Electronics
Market Breakup by Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global paint protection film companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• 3M Co.
• XPEL, Inc.
• Eastman Chemical Company
• Saint-Gobain S.A.
• Hexis S.A.S.
• Mativ Holdings, Inc.
• Sharpline Converting Inc
• ORAFOL Europe GmbH
• RENOLIT SE
• Avery Dennison Corporation
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