10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Uncoated Paint Protection Film Market By Product Type (Transparent Paint Protection Film, Premium Self-Healing Film, and Ultimate Paint Protection Film) and By Application Type (Automotive, Aerospace & Defense, and Electrical & Electronics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global Uncoated Paint Protection Film market is predicted to be valued at approximately USD 1,067 million in 2018 and is expected to reach a value of around USD 1,674 million by 2027, at a CAGR of around 5.15% between 2019 and 2027.
The paint protection film is a thermoplastic urethane that is also referred to as a self-healing film and is applied to painted surfaces of either a new car or already used car for protecting the paint from stone damages, minor scratches, and bug splashes. Moreover, the film is also applied to the surface of airplanes, motorbikes, screens, recreational vehicles, mobiles, and electronics. In addition to this, the paint protection film is approved by original equipment manufacturers and approved by all car producers.
Browse the full “Uncoated Paint Protection Film Market By Product Type (Transparent Paint Protection Film, Premium Self-Healing Film, and Ultimate Paint Protection Film) and By Application Type (Automotive, Aerospace & Defense, and Electrical & Electronics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/uncoated-paint-protection-film-market-by-product-type-141
Rapid growth of the automotive sector will drive the business trends
The thriving automotive industry across the globe is expected to make substantial contributions to the market surge during the period from 2019 to 2027. In addition to this, the escalating popularity of UV-curable paint protection films will favorably impact the market during the forecast timeline. Apart from this, burgeoning demand for uncoated paint protection films across the emerging economies along with a rise in government expenditure on new power systems will proliferate the business growth over the forecast timeframe. However, strict environmental laws governing the use of uncoated paint protection films are expected to hinder the market growth during the forecast period. In addition to this, low product acceptance in various applications will put brakes on the market surge during the period from 2019 to 2027. Nevertheless, a rise in the demand for electric cars across the world along with the introduction of new coating technologies will create lucrative avenues for the market over the forecast period. Moreover, adding new & manifold features to uncoated paint production films will enlarge the business scope over the forecast period.
Transparent paint protection film to lead the product type segment over the forecast period
The growth of the segment during the forecast period is owing to its favorable features like clarity & transparency that does not alter the original paint shade.
Automotive segment to dominate the application type landscape by 2027
The segmental growth during the timespan from 2019 to 2027 is owing to the large-scale use of uncoated paint protection films in the vehicles for protecting the latter from rust, scratches, and dents. Apart from this, a rise in the number of cars along with the growing production of electric vehicles is likely to elevate the product demand across the automotive segment.
Asia Pacific market to occupy the leading position during the forecast period
The growth of the market during the forecast period is due to growing industrialization, a rise in vehicle production, and an increase in the production of electronics goods & semiconductors. Apart from this, the increase in the defense & aerospace activities in the region will further boost the regional market growth over the forecast period.
Some of the key participants in the business include AVERY DENNISON CORPORATION, Eastman Chemical Company, HEXIS S.A., ORAFOL Europe GmbH, PremiumShield, Sharpline Converting Inc., Solar Gard (Saint-Gobain), XPEL, Zeta Instruments, Inc., and Zygo Corporation.
This report segments the Uncoated Paint Protection Film market as follows:
Uncoated Paint Protection Film Market: By Product Type Analysis
Uncoated Paint Protection Film Market: By Application Type Analysis
Uncoated Paint Protection Film Market: By Regional Segment Analysis
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