Paint Protection Films Market Analysis

Paint Protection Films Market Analysis

The thermoplastic polyurethane material type segment will generate over USD 475 million by 2027. The high transparency offered by the thermoplastic polyurethane material type as compared to the PVC material type is the major growth enabling factor of the market. Thermoplastic polyurethane material type will be dominating the industry over the estimation period as this material type offers greater flexibility along with cost-effectiveness.

The automotive sector will generate a demand for over 16 thousand square meter in paint protection films market by 2027 due to the rising demand for four-wheelers in emerging economies such as India, China, and Japan. Additionally, major regions, such as Asia Pacific and North America, are expected to witness higher sales for cars in the coming years. Regional and global players have strategic expansion plans to explore potential regions such as India. This will further boost the demand for automobiles, leading to increased consumption for paint protection films in the Asia Pacific region.

Aerospace & defense will witness over 4% CAGR due to extensive usage of the product to protect the aircraft surfaces. It helps to protect from dirt, high impact abrasion and scratches on gloss made parts. The product is applied for both interiors and exteriors of the aircrafts. Increasing aircraft production to meet previous backlog will drive the segment penetration.
 

The glass segment will generate over USD 500 million by 2027 due to its higher applications in automotive, electronics & communications, and aerospace & defense. The gloss finish is highly glossy and lightweight, adding an advantage to the aerospace & defense sector with low fuel consumption. Also, being very transparent than matte and other types, the gloss finish attracts the electronics & communication segment. The aforementioned factors are expected to boost the market for the gloss segment over the forecast period.
 

Asia Pacific will hold over 50% share in the paint protection films market throughout the assessment period. The growing product demand from building constructors across China, India, Japan, etc., is likely to drive the product demand in the region. Further, the growing usage of paint protection films in automotive and construction sectors is likely to be the key factor for the industry growth in the coming years. North America and Europe will also have considerable growth over the predicted timeline.