Protective film Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH2736 | Last Updated On: Aug 03 2022 | Available Formats

> Global Protective film Market Expected to reach a high CAGR of 5.1% during the forecast period 2022-2029: DataM Intelligence

Global Protective film Market is segmented By Type (Adhesive-Coated, Self-Adhesive), By Material (Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyamide (PA), Polyethylene Terephthalate (PET), 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 & Construction (Residential, Commercial, Industrial, Infrastructure), Electronics, Healthcare, Aerospace, Industrial, Marine, Packaging, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Protective film Market is expected to grow at a high CAGR of 5.1% 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 polyethene (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 protection against scratches, stone chips, bug splatter in the buildings & construction and automotive industry.

The use of protective film in furnishings and fittings is to make home sage from potential environmental pollution. All types of parts are being been protected at all stages of the manufacturing using protective film for interior and exterior usages. The film also reduces non-quality costs, removes adhesive residue, and improves the life of the components. These protective films are used in several industries including automotive, chemical industries, food industries, manufacturing plants, pharmaceutical industries and others.

 

Market Dynamics

Rising demand for protective films for growing automotive production and rising construction sectors drives the market growth

Protective films are widely used in the automotive and construction industry for a vital role in making the environment clean, safe and hygenic. As per the International Organization of Motor Vehicle Manufacturers (OICA), the light commercial vehicle and passenger vehicle production reached around 24,637,665 units and 67,149,196 units around the globe.

The global protective film is further widely used in the construction industry in interiors for providing temporary protection against hard surfaces, synthetic carpets, walls, flooring and also protecting buildings against debris and damages. For instance, in 2019, the Government of Canada has planned to invest around US$ 36.5 million for supporting, developing and implementing the renovation of deep retrofits for existing buildings and new net-zero-energy-ready buildings facilitating the protective film coating and wrapping.

Rising demand for solar energy with the advent of renewable energy sources

Rising usage of renewable solar sources due to a surge in the global population with a boost in energy requirement with the surge in industrialization have propelled the demand has propelled the protective film market. The protective films are widely used in the manufacturing of solar panels, solar equipment as well as consumer electronics for protecting dirt, and other environmental impacts.

The rising adoption of renewable chemical materials in protective film and surge in the expansion of production capacity has created a huge opportunity for the market growth

Several leading industries are launching renewable and environmentally friendly products for the protection of buildings and construction may create a huge opportunity for the growth of this market. For instance 23rd October 2019, Garware Polyester expanded its product portfolio by launching paint protection films designed for delivering the highest level of protection. This innovative film offers self-healing paint with the highest level of impact resistance of protection films.

COVID-19 Impact Analysis

The global protective film market has been declined during the COVID-19 pandemic, as several manufacturing industries were in the lockdown state in several countries. However, the demand has slightly increased in June 2020 as several countries began their protection of automobile and consumer electronics as protective film helps to protect these components from dirt and scratches.

Several leading players have cancelled and some postponed future deals, mergers, acquisition and partnership activities due to the downfall of demand which even lead to the bankruptcy of several stakeholders. According to the Society of Indian Automobile Manufacturers (SIAM), commercial vehicles sales decreased by 88% in India and passenger vehicle sales declined by 51% in India in March 2020 which subsequently hampered the growth of the protective film market.

Segment Analysis

The global protective film market is segmented based on material, type, coating, thickness, texture, coating, application, end-user and region.

By material, the polyethylene segment accounted for the largest share of the global Protective film market in 2019

Based on material, the global 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.

According to the census government organization, polymer consumption is projected to reach 20 MMT by 2020 construction spending during August 2020 increasing at the rate of US$1,412.8 billion annually. It created a massive demand for PP as the protective film used in the construction industry.

 

Externally coated adhesive films are heavily used in automotive

By type, the adhesive coated segment accounted for the largest share of the global protective film market in 2019. Among these adhesive-coated has the highest share in 2020, this is primarily due to increasing demand for the adhesives with the surge in the industrializations, logistics and rising demand in the food processing industries, automotive and consumers electronics industries. Several leading players are launching newly developed innovative protective film with proper adhesive bonding and coating for increasing the life of the components.

For instance on 14th August 2020, the Company Ultrafit one of the leading automotive protection film manufacturer have developed the world's first non-delamination windshield for providing protection and to cater for the most inherent problem of the windshield. The film is then laminated with synthetic resin and adhesives to protect against cracking or falling off.

Aluminium coated films are gaining traction globally owing to the neat and shiny surfaces provided by aluminium coating

By coating, the protective film market is segmented into smooth and glossy surfaces, aluminium, chromium, metal pre-coated, matt and grained surfaces and others. Among these, aluminium coating accounted for the largest share of the protective film market in 2019, this is primarily due to the launching and development of new protective films for several applications in the automotive and construction industry.

For instance on 2nd April 2020, the Department of Industrial Engineering and the University of Trento has developed Double Hydroxide Protective Films developed using Aluminum and Aluminum Alloys. The film is being coated with aluminium using synthetic methods which provides anti-corrosion properties.

Metal surfaces are more prone to dents and scratches and hence require more sophisticated protection film

By application, the market is segmented by metals, glass, textiles, woods, marbles, moulded plastic and others. Among this metal protection film, the segment has the highest share due to the rising demand for a protective film with the surge in the consumption of stainless steel for developing infrastructure projects with the surge in urban population around the globe.

 

The automotive body uses large quantities of protective films.

By end-user, the market is segmented by automotive (passenger car, bus and truck, others), building & construction (residential, commercial, industrial, infrastructure), electronics, healthcare, aerospace, industrial, marine, packaging and others.

Among this automotive segment has the highest share in 2019, due to rising sale and production of electric vehicles, commercial as well as passenger vehicles around the globe. For instance, as per the International Energy Agency, the global stock of electric passenger cars has increased to around 5 million in 2018 with a 63% increment as compared to the previous year. It created a massive demand for the protective film for the wrapping of the vehicle components to avoid scratching and damage to the vehicle.

Geographical Analysis

Asia-Pacific region holds the largest market share of the global protective film market

Asia-Pacific region is dominating the global protective film market and accounted for the largest market share in 2019, due to growing building and constructions, strengthening government policies to help growth of plastic industry, technology up-gradation fund schemes, presence of several manufacturing industries, plastic parks, MSME & skill development programs in this region followed by North America and Europe.

Asia-Pacific region is the largest manufacturer of automotive vehicles and has the highest share due to rising population demand. According to International Energy Agency in 2018, around 45% of all-electric cars globally are being sold and produced in China which totalled around 2.3 million around the globe. It created a massive demand for the protective films used in the manufacturing of the automotive components in this industry.

Similarly, North America is the fastest-growing region for the growth of the protective film market, this is primarily due to rising construction sector development and investments by the leading companies. According to the Census Government Organization in the United States, private sector construction spending reached around US$ 1,061.4 billion annually which propels the demand for the protective film market in this industry.

 

 Competitive Landscape

The Protective film market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Pregis LLC, Saint-Gobain, Toray Industries, Inc., Kao-chia plastics co., ltd, Mactac (a Subsidiary of Lintec Corporation), Covertec SRL, Dunmore, 3M, Nitto Denko Corporation, DuPont, Chargeurs, Arkema, Polifilm Group, Pelloplast Oy, Echotape and among others.

Echotape

Overview: Echotape, founded in 1973 with headquartered in Chino, California, United States. It is one of the leading manufacturers of protective films and pressures sensitive adhesive tape solutions with time-tested products that peaks in performance. The Company has more than 200 employees which contribute to the success of customers in nearly all sectors and almost every country in the world.

Product Portfolio: Surface protection film of polyethylene type used for surface protection in a multitude of applications in both manufacturing and industrial markets. For example, Protective Films is used extensively by manufacturers of metal and plastic sheets. Further used for covering and protecting the surface of fabricated parts, especially in the automotive and household appliance industry.

  • PR-N3272 | 2 Mils, 6 Ounce Surface Protection Polyethylene Film
  • PR-N3284 2.5 Mils, 4 Ounce Surface Protection Polyethylene Film
  • PR-N3221 2 Mils, 11 Ounce Surface Protection Polyethylene Film
  • PR-N3287 Self Adhesive Protective Film for Windows

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