Paint protection film is also known as to as clear bra, clear paint film, PPF and clear film. It is a thermoplastic urethane film and also utilizes polymeric calendered PVC film, adhesives and clay coated paper. It is majorly applied on exposed painted automotive exteriors such as side mirrors, hoods, door edges, door handle cavities, bumpers, rocker panel, and wheel flare. The film provides protection from stone chips, bug damage, automotive fluid stains, road tar stains, scratches, and punishing outdoor weathering.
The Paint Protection Film industry was 960 million USD in 2018 and is projected to reach USD 1370 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.24% between 2018 and 2025.
Today’s automotive surfaces are more complex and more susceptible to damage than ever before. Paint is more prone to chipping, due to the more advanced aerodynamics and designs and the modern car is now much larger than its predecessor – whilst parking spaces are smaller. Environmental elements, road surface deterioration and debris means your vehicle is under constant attack.
Increasing demand from automotive application segment due to growing consumer consciousness, snowballing affordability, and OEM approval by mainstream car producers. Broadening application space in airplanes, cell phones, motorcycles, defense and RV’s is set to boost overall industry growth.
The industry is concentration, the key brand include 3M Company, Eastman, Avery Denison , XPEL, Solar Gard (Saint-Gobain), Orafol, Argotec, Sharpline Converting, Hexis Graphics (Hexis SA), PremiumShield and so on.
Increasing automotive sales on account of rising per capita disposable income along with changing lifestyles in developing economies of Asia Pacific is expected to fuel paint protection film market growth over the forecast period. Rising consumer awareness regarding benefits of these films coupled with availability of numerous installers in emerging economies such as China, India, Thailand, Brazil, and Saudi Arabia is expected to positively influence overall industry growth.
Rapid industrialization has led to increased disposable income and is a major factor for the growth of the Paint Protection Film market in Asia Pacific, especially in China. A critical factor for growth in China is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
For More information @ https://www.globalinforesearch.com/global-pad-printing-supplies-market_p251132.html
The Paint Protection Film industry was 960 million USD in 2018 and is projected to reach USD 1370 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.24% between 2018 and 2025.
Today’s automotive surfaces are more complex and more susceptible to damage than ever before. Paint is more prone to chipping, due to the more advanced aerodynamics and designs and the modern car is now much larger than its predecessor – whilst parking spaces are smaller. Environmental elements, road surface deterioration and debris means your vehicle is under constant attack.
Increasing demand from automotive application segment due to growing consumer consciousness, snowballing affordability, and OEM approval by mainstream car producers. Broadening application space in airplanes, cell phones, motorcycles, defense and RV’s is set to boost overall industry growth.
The industry is concentration, the key brand include 3M Company, Eastman, Avery Denison , XPEL, Solar Gard (Saint-Gobain), Orafol, Argotec, Sharpline Converting, Hexis Graphics (Hexis SA), PremiumShield and so on.
Increasing automotive sales on account of rising per capita disposable income along with changing lifestyles in developing economies of Asia Pacific is expected to fuel paint protection film market growth over the forecast period. Rising consumer awareness regarding benefits of these films coupled with availability of numerous installers in emerging economies such as China, India, Thailand, Brazil, and Saudi Arabia is expected to positively influence overall industry growth.
Rapid industrialization has led to increased disposable income and is a major factor for the growth of the Paint Protection Film market in Asia Pacific, especially in China. A critical factor for growth in China is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
For More information @ https://www.globalinforesearch.com/global-pad-printing-supplies-market_p251132.html
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