India Protective Film Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMA2882 | Last Updated On: Aug 01 2022 | Available Formats

> India Protective Film Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

India Protective Film Market is segmented By Type (Adhesive-Coated, Self-Adhesive, Others), By Material (Polyvinyl Chloride, Polyethylene, Polypropylene, Polyurethane, Polyamide, Polyethylene Terephthalate, Paper, Others), By Coating (Smooth and Glossy Surfaces, Aluminum, Chromium, Metal pre-coated, Paint, Matt and grained surfaces, Others), By Thickness (0-2 MM, 2-4 MM, 4-6 MM, 6-8 MM, 8-10 MM, More than 10 MM), By Texture (Opaque, Transparent, Glossy, Matte, Others), By Application (Metals, Glass, Textiles, Woods, Marbles, Molded Plastic, Others), By End User (Automotive (Passenger Car, Bus and Truck, Others), Building and Construction (Residential, Commercial, Industrial, Infrastructure), Electronics, Healthcare, Aerospace, Industrial, Marine, Packaging, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The India Protective Film Market is expected to grow at a high CAGR during the forecasting period (2022-2029).

The protective film is an ultra-thin film that provides protection against scratches and knocks, damage and therefore extends the life of the components. Protective film as thermoplastic urethane, polypropylene, polyvinyl chloride, low-density polyethylene (LDPE), polyolefin, Polyethylene Terephthalate, Poly Methyl Methacrylate (PMMA) and among others is used as lamination material in several industries.

These films are used in the protection of the automotive components, body, panels as well as construction industry such as doors, windows etc. The protective film protects against scratches, stone chips, bug splatter in the buildings & construction and automotive industry.

Polyethylene especially Low-Density Polyethylene (LDPE) is the most commonly used protective film in various applications include Automotive, Building and Construction, Packaging, among others

Market Drivers

Protective films are widely used in the Automotive industry. These films pads and car covers reduce the risk of damage in automotive logistics. Moreover, these films are utilized in automotive assembly line processes since automotive plant operations require safety.

Interior surface protection tapes prevent scratches on delicate substrates while protective films ensure minimal damage to exteriors.

Growing automotive Typeion and consumption in the country is driving the market for protection films market. The Typeion of domestic automobiles was increased at a CAGR of 2.36% during the financial year 2016 to 2020 with 26.36 million vehicles being manufactured in the country in FY2020.

In addition, the sales of domestic sales also increased at a CAGR of 1.29% between FY2016 to FY2020 with 21.55 million vehicles being sold in FY2020.

Two-wheelers and passenger vehicles dominate the domestic Indian auto market. Passenger car sales are dominated by small and mid-sized cars. Two-wheelers and passenger cars accounted for 80.8% and 12.9% market share, respectively, accounting for a combined sale of over 20.1 million vehicles in FY2020.

Overall, automobile export reached 4.77 million vehicles in FY20, growing at a CAGR of 6.94% during FY2016-FY2020. Two-wheelers made up 73.9% of the vehicles exported, followed by passenger vehicles at 14.2%, three-wheelers at 10.5% and commercial vehicles at 1.3%.

Moreover, investments are increasing in the Indian automobile industry to keep up with the growing automotive demand. Several domestic automobile manufacturers have started investing heavily in various segments of the industry during the last few months.

Additionally, the industry has attracted Foreign Direct Investment (FDI) worth USD 24.21 billion between April 2000 and March 2020, according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

Some of the recent developments/investments in the Indian Automotive industry is given below

In September 2020, Toyota Kirloskar Motors announced investments of more than Rs 2,000 crore (USD 272.81 million) in India directed towards electric components and technology for domestic customers and exports

In April 2020, TVS Motor Company bought the UK’s iconic sporting motorcycle brand, Norton, for a sum of about Rs 153 crore (USD 21.89 million), making its entry into the top end (above 850cc) segment of the superbike market.

In December 2019, Force Motors planned to invest Rs 600 crore (USD 85.85 million) to develop two new models over the next two years

Thus, the growing demand for automotive along with the increasing FDIs in the country will boost the Indian protective film market further during the forecast period.

Market Segmentation

Based on material, the India Protective film market is segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polyamide (PA), polyurethane (PU), paper and others. Among these polyethylene has the highest market share in 2019, this is primarily due to stretch features in PE films.

LDPE (low-density polyethylene) and PVC (polyvinyl chloride) are the most commonly used plastic types in protective films.

LDPE is widely used in automotive applications owing to its advantages such as enhanced elasticity, flexibility and low weight.

PVC is typically a bit more expensive and is used in special applications, such as metal forming and exterior window protection where the film will be exposed to sunlight for up to a year. LDPE that has been treated with UV inhibitors can also be used for exterior applications.

In India Polyethylene is used in various applications such as film and sheet, blow molding, pipes, raffia, injection molding, compounding, and others

In the fiscal year 2019, the Films and Sheet sector holds the majority of polyethylene consumption in India with 52% of total consumption followed by blow molding, pipes, and raffia with 14%, 10%, and 7% respectively.

In terms of the supply/demand of the raw material used to manufacture polyethylene, China holds a notable share globally. In China, they produce it through the coal to olefins method and roughly 1.6 MT of ethylene is manufactured through those facilities.

However, due to environmental concerns, China has been compelled to restrict its Typeion capacity, thereby giving a greater opportunity to Indian manufacturers.

Reliance Industries Limited (RIL) is one of the major producers of polyethylene in India. RIL largely relies on the United States for ethane (to produce PE). The company imported 1.3-1.4 MT of ethane from North America in 2017-2018.

 

Trending Topics

Protective film Market

Polyimide Film Market

Textile Films Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest