Paint Protection Film Market Size & Forecast Report, 2012 - 2022

The global Paint Protection Film market is expected to reach USD 369.3 million by 2022. The market is driven by factors such as the growth rate of automobiles such as cars, bikes, and other high-end vehicles coupled with rising in disposable income and an increase in spending in the automotive as well as OEM sector. The paint protection film market is expected to witness a CAGR of 6.6% in the forthcoming period. 

Economic stability acts as a booster for Paint Protection Film in a particular geographical market. Other than automobiles and OEM, the paint protection film is used against abrasion in smartphones, mobile phones, and other electronic items. The proliferation of paint protection films for these applications is a crucial factor for market development shortly.

Paint Protection Film is a robust thermoplastic urethane material applied to painted surfaces to protect the paint from abrasions, bug splatters, mud, debris, sand, and stone chips. PPF films find uses in applications ranging from automobiles, aircraft, watercraft, cell phones, smart gadgets, desktop, and laptop screens, and many more. The service life of a PPF also needs careful determination. Besides, the PPF films are extremely durable and there is a low probability that they may live a shorter life than the vehicle.

The market witnesses several opportunities for development in near future, such as the rising number of OEM and electronic manufacturers, a rise in the young population with streamlined, and customized demands for automobile paints, and the presence of international brands. However, the availability of cheap substitutes at reasonable prices contrary to the original product availability at a higher price coupled with high installation costs may fluctuate the market demand ultimately creating challenges for market growth during the given forecast period.

The market is trifurcated into product, application, and geography. Geographical segmentation for Paint Protection Film market spans North America, South America, Europe, Asia-Pacific, Middle East, and Africa. The North American market is expected to rise at a staggering CAGR in the forthcoming period owing to the rising penetration of paint protection films in non-automotive applications coupled with the presence of a large pool of consumers.

On the other hand, European market is expected to follow the trend along with presence of OEMs and innovative concepts for automotive paints. EU countries such as Germany and France are major manufacturers and suppliers of paint protection films mainly for defense, automotive, and aerospace domains. Asia-Pacific’s Paint Protection Film market is anticipated to grow at a higher CAGR in the forecast period owing to flourishing markets in South Korea, Japan, China and India with the presence of PPF manufacturers and substitutes for international brands.

Middle East and African regions are anticipated to grow at a positive CAGR due to rising demand that caters to automotive paint needs in the tropical climate. Shift in consumer patterns with cost benefits is likely to propel the local market in MEA regions. The key players in the Paint Protection Film industry include 3M Company, Lubrizol, SunTek Films, Solar Gard, Topaz, Avery Denison, Argotec, Premier Protective Films, and XPEL Technologies.

Market Segment:

Paint Protection Film Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million; 2012 - 2022)
    • Automotive
    • Electrical & Electronics
    • Aerospace & Defense
    • Offshore

Paint Protection Film Regional Outlook (Volume, Thousand sq. Meters; Revenue, USD Million; 2012 - 2022)
    • North America
        • U.S.
    • Europe
        • Germany
        • UK
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa