Global Paint Protection Film Market to Grow with a CAGR of 6.8% by 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 4, 2020--
The “Global Paint Protection Film Market (2019-2025)” report has been added to ResearchAndMarkets.com’s offering.
The Global Paint Protection Film Market size is expected to reach $428.3 million by 2025, rising at a market growth of 6.8% CAGR during the forecast period.
The material protects the vehicle from dust, oil, tar, bugs, etc. caused that cause stain on the surface. It also allows the surface of the vehicle to be preserved flawlessly for a long time. Rising demand for lightweight vehicles and electric cars will, in effect, improve the protection film market in the coming years.
Paint protection films used by the military have continued to the present day, and 3M is now making a wide range of aerospace and military films. With time, however, the automotive industry began to take note of the protective benefits of PPF and, despite the difficulty of working with the original films, soon became employed by racing car drivers. The first films were thicker and less compliant since their purpose was to help keep the helicopter blades from eroding in the harsh, sandy environments they were exposed to. Because the blades are flatter and less complex than the automotive surfaces, they did not require a highly flexible, conformable film.
Today’s vehicle PPF is highly conformable and optically transparent and is available in a variety of thicknesses and colors. New products are multi-layer and deliver a self-healing topcoat that can be repaired after being scuffed or scratched, preserving consistency for more than 10 years. Products from certain manufacturers often provide hydrophobic properties, similar to those offered by ceramic paint coatings. Contemporary applications require a slip solution or gel as a barrier to prevent the film from adhering to the painted surface. Custom and advanced applicators use steam, heat guns and torches to aid the application of film to complex surfaces. Pre-stretch and pre-form films are also used for complex wraps and curves. Paint protection film has different manufacturers/distributors that exist in the North American market.
Present day’s automotive PPF has developed into a high-quality polyurethane film applied to new or used vehicles’ clear coat of painted surfaces. It is available in various appearances like matt finish and optically clear (which is the most popular choice) version. These films are completely resistant to the day-to-day contaminants that the vehicle will face. Paint protection film has a strong resistance to abrasion and impact.
The films provide protection from rock chips, bug splatter, acid rain, and more. The biggest selling point of PPF is rock chips on high impact areas. The material is also incredibly flexible and, after stretching or disfiguring, will return to its natural shape. Many paint protection films also give the properties of self-healing. The concept behind it is that the PPF’s top layer is made of an elastomeric polymer that, when extended or applied, helps the material retain its natural shape. This feature allows the film to heal itself when there are light scratches. Usually, the marks will be healed by a heat gun or direct sunlight and dispersed before the customer.
Recent strategies deployed in the Paint Protection Film Market
Partnerships, Collaborations, and Agreements:
Nov-2019: Hexis came into partnership with Racing Optics in which Hexis will use the multi-layer protective films of Racing Optics for sports, racing, and luxury cars. The partnership also complements the development of BODYFENCE protection products which is expected to protect the car bodies against external damage and dirt.
Nov-2019: Avery Dennison unveiled new Paint Protection Film Cutting Software. The software has additional benefits such as manual, hand-nested files that serve to save more materials than automated nesting, wrapped and unwrapped edge kits, etc. The software is available through subscription.
Aug-2019: Eastman expanded its reach to Henry County by opening a new facility. The new facility majorly focuses on the development of window and paint protection films.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.3 Market Scope
1.5 Methodology for the research
Chapter 2. Market Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Market Analysis
3.1 Cardinal Matrix
3.2 Top Winning Strategies
Chapter 4. Global Paint Protection Film Market by Application
4.1 Global Automotive & Transportation Market by Region
4.2 Global Aerospace & Defense Market by Region
4.3 Global Electrical & Electronics Market by Region
4.4 Global Other Application Market by Region
Chapter 5. Global Paint Protection Film Market by Region
5.1 North America Paint Protection Film Market
5.2 Europe Paint Protection Film Market
5.3 Asia Pacific Paint Protection Film Market
5.4 LAMEA Paint Protection Film Market
Chapter 6. Company Profiles
6.1 3M Company
6.2 Scorpion Window Film
6.3 BASF SE
6.4 Covestro AG
6.5 Eastman Chemical Company
6.6 Avery Dennison Corporation
6.7 Ziebart International Corporation
6.8 XPEL, Inc.
6.9 Saint-Gobain Group (Saint-Gobain Solar Gard, LLC)
6.10 Hexis S.A.
For more information about this report visit https://www.researchandmarkets.com/r/fvyry9
View source version on businesswire.com:https://www.businesswire.com/news/home/20200204005465/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 02/04/2020 05:36 AM/DISC: 02/04/2020 05:36 AM