Market Research Report
Paint Protection Film Market Size, Share & Trends Analysis Report By Application (Automotive & Transportation, Electrical & Electronics, Aerospace & Defense), By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||358121|
|Published||Content info||79 Pages
Delivery time: 2-3 business days
|Paint Protection Film Market Size, Share & Trends Analysis Report By Application (Automotive & Transportation, Electrical & Electronics, Aerospace & Defense), By Region, And Segment Forecasts, 2020 - 2027|
|Published: February 26, 2020||Content info: 79 Pages||
The global paint protection film market size is projected to reach USD 484.7 million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.9% over the forecast period. Rising consumer awareness regarding vehicle paint protection against bug splatters, stone chipping, and abrasions is anticipated to fuel the demand for paint protection film (PPF).
paint protection films market is moderately fragmented in nature and is moving towards consolidation. Abundant availability of raw materials and presence of several major players with adequate production capacities have resulted in an increased competition among the players. Product durability, price, and environment friendliness are estimated to be the key factors influencing buyer decision.
The product is widely available on retail as well as online platforms. However, its installation requires expertise and specially trained personnel for optimum results. Hence, a majority of players also provide after-purchase services. Furthermore, a few players have established contracts with local installers to strengthen their geographical presence.
Frequent variations in raw material pricing and declining automotive production in major economies including U.S., Japan, and Korea are expected to act as a challenge for market players. However, rapid growth of other application sectors including electrical and electronics and aerospace is likely to open new avenues for them.