PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252698
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252698
Uncoated Paint Protection Film Market size was valued at USD 380.1 Million in 2022, expanding at a CAGR of 9.9% from 2023 to 2030.
Uncoated Paint Protection Film is a translucent, thin coating that is used to cover a car's surface to cover the paint from dings, scratches, and other signs of wear and tear. It is crucial because it keeps a car's color appearing fresher for longer.
Due to growing consumer awareness of the importance of vehicle maintenance, there has been a paradigm shift in the global demand for automotive paint protection films. Over the forecast period, increasing use of the Ultimate Paint Protection Film in the market for expensive vehicles is anticipated to fuel product demand. Demand for products is anticipated to be driven by the expanding electronics sector in the Asia Pacific region and the Middle East and Africa, which is due to increased government initiatives to encourage investments.
Additionally, it is projected that the rapidly expanding vehicle industry will considerably contribute to the market growth. The market will also profit from the rising popularity of UV-curable paint protection films. Over the forecast period, increased government spending on new power systems and rising demand for uncoated paint protection films in emerging markets will also fuel business expansion. Throughout the forecast period, the market will see beneficial possibilities as a result of rising global demand for electric vehicles and innovative coating technologies.
The Global Uncoated Paint Protection Film Market is segmented into product type, application and Region.
By Product Type, the market is classified into Transparent Paint Protection Film, Ultimate Paint Protection Film, and Premium Self-Healing Film. The Premium Self-Healing Film segment dominated the global industry in 2022. Enhance, premium Self-Healing the greatest weapon against environmental elements, including bird etchings, sap deposits, bird droppings, scratches, rock chips, and road rash, is premium self-healing film. It also offers benefits including repairs, stain and fade resistance, superb durability, capacity to be safely removed, and won't harm already cured paint finishes. It is a great option for leased cars. A fascinating advancement in science, premium self-healing film safeguards both the amazing design and resale value of an automobile.
By Application, the market is classified into Automotive Industry, the Electrical and Electronics Industry, and the Aerospace & Defense Industry. The Automotive Industry dominated the market in 2022 and is expected to continue the same pattern over the forecast period. Additionally, the expanding application scope in automotive components such as front bumpers, side mirrors, rocker panels, door handle cavities, hoods, door edges, and rear fender panels is to account for this. Consumption of paint protection film in the automotive & transportation segment is anticipated to increase as consumer awareness of the protection afforded by paint protection films to cars and the cost of repainting grows.
Regionally, Asia Pacific accounted for the largest market share in 2022 and is expected to dominate during the forecast period. The growth in region because it is anticipated that the uncoated paint protection film market will rise as a result of rising industries such as aerospace and defense. Furthermore, it is projected that increased investment in the automobile sector will spur significant growth in countries like Japan, China, and India. For instance, HEXIS S.A.S. added three new paint protection film types to its HEXIS BODYFENCE line in June 2022. BFWIDE, DFENCEXTRM, and BODYFENCEXM are these three new movie series. The self-healing capabilities of these films have allowed HEXIS S.A.S. to broaden the market for its products in the automobile sector. Regional demand has also increased as a result of the development of technical items and a better understanding of the advantages of films.
In May 2022, the parent company of Innovia Films, CCL Industries Inc., announced an investment of US$70 million to increase Innovia Films' production capacity in Germany.
In October 2022, Eastman Kodak Company collaborated with Production Print Solutions, a service supplier of production printing equipment in the US, to distribute the full line of KODAK Digital Printing Solutions.
This proposed research study on Uncoated Paint Protection Film market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Uncoated Paint Protection Film market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Uncoated Paint Protection Film market
Impact of COVID-19 on Uncoated Paint Protection Film market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Uncoated Paint Protection Film market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Uncoated Paint Protection Film market, we have also included competitive landscape and key innovator analysis for the Uncoated Paint Protection Film market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Uncoated Paint Protection Film market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Uncoated Paint Protection Film market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
Bluegrass Protective Films LLC
Eastman Chemical Company
Garware Hi-Tech Films Limited
Global Hi-Tech Films, Inc.
GRAFITYP Selfadhesive Products NV
ORAFOL Europe GmbH
Permagard
3M Company
Avery Dennison Corporation
XPEL, Inc.
Saint-Gobain Group
Armordillo Surface Protection Film
Schweitzer-Mauduit International, Inc.
Shanghai Nanolink Materials Co., Ltd.
STEK-USA
Transparent Paint Protection Film
Ultimate Paint Protection Film
Premium Self-Healing Film
GLOBAL UNCOATED PAINT PROTECTION FILM MARKET, APPLICATION
Automotive Industry
Electrical And Electronics Industry
Aerospace & Defense Industry
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA