Paint Protection Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global paint protection film market size reached US$ 331.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 454.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Paint protection film (PPF) is a thin thermoplastic urethane material made using a unique adhesive substance that bonds to the substrate of a vehicle. It is usually applied over high-exposed areas like rear fender panels, front bumper, hood, grille, side-view mirrors, door edges, headlights, and fog lights to provide a shield against natural contaminants. It also protects the surface of the car from unsightly chips, light scratches, toxins, chemicals, and road grime and improves the overall aesthetic. In addition, it can withstand the damage from ultraviolet (UV) exposure that causes the paint to oxidize and fade over time. Nowadays, PPF is commercially used with professional-grade nano-ceramic coatings to offer extended protection.
Paint Protection Film Market Trends:
Cars are susceptible to damage as they are regularly exposed to airborne contaminants and other pollutants that deteriorate protective coatings and automotive finishes. This, in confluence with the rising demand for private vehicles due to the increasing consumer spending and the emerging suburbanization trend, represents one of the main factors fueling the market growth. Moreover, the growing sales of luxury cars and sports utility vehicles (SUVs) for outdoor recreational activities is driving the need for effective and premium PPF products. Besides this, as these products provide an enhanced finish, superior protection against corrosion, and high-temperature resistance, PPFs are gaining traction over their counterparts, which have harsh chemical cleaners and agents and can damage the paint finish. Apart from this, market players are offering products with unique characteristics that can be customized according to a specific vehicle. They are also offering high-quality variants with excellent durability, which is anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global paint protection film market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, formulation type and end use industry.
Breakup by Material:
Thermoplastic Polyurethane
Polyvinyl Chloride
Others
Breakup by Formulation Type:
Water-based
Solvent-based
Breakup by End Use Industry:
Automotive and Transportation
Electrical and Electronics
Aerospace and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Avery Dennison Corporation, Compagnie de Saint-Gobain S.A., Eastman Chemical Company, Grafityp, Hexis S.A.S, Kangde Xin Optical Film Materials (Shanghai) Co. Ltd., ORAFOL Europe GmbH, Reflek Technologies Corporation, Schweitzer-Mauduit International Inc., XPEL Inc. and Ziebart International Corporation.
Key Questions Answered in This Report
1. What was the size of the global paint protection film market in 2022?
2. What is the expected growth rate of the global paint protection film market during 2023-2028?
3. What has been the impact of COVID-19 on the global paint protection film market?
4. What are the key factors driving the global paint protection film market?
5. What is the breakup of the global paint protection film market based on the material?
6. What are the key regions in the global paint protection film market?
7. Who are the key players/companies in the global paint protection film market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Paint Protection Film Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Material
- 6.1 Thermoplastic Polyurethane
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polyvinyl Chloride
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Formulation Type
- 7.1 Water-based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solvent-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by End Use Industry
- 8.1 Automotive and Transportation
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Electrical and Electronics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aerospace and Defense
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3M Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Avery Dennison Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Compagnie de Saint-Gobain S.A.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Eastman Chemical Company
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Grafityp
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Hexis S.A.S
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Kangde Xin Optical Film Materials (Shanghai) Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 ORAFOL Europe GmbH
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Reflek Technologies Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Schweitzer-Mauduit International Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 XPEL Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.12 Ziebart International Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook