- In May 2023, Covestro AG, a Germany-based leader in high-performance materials, launched a state-of-the-art production line in Taiwan dedicated to manufacturing thermoplastic polyurethane (TPU) specifically for paint protection film (PPF) grades. This initiative not only demonstrates Covestro's commitment to innovation in automotive materials but also introduces a new product series, Desmopan UP TPU, tailored for applications in the automotive and wind energy sectors, enhancing durability and performance
- In July 2022, SWM, Inc. and Neenah, Inc., prominent global manufacturers in specialty materials, announced a strategic merger to form Mativ Holdings, Inc. While both companies will continue to operate independently, this merger is expected to significantly enhance their geographic presence and improve distribution networks. The collaboration aims to leverage their combined resources, facilitating better service delivery and expanded market reach in specialty material sectors
- In June 2022, HEXIS S.A.S. unveiled three new series of paint protection films under the HEXIS BODYFENCE range, namely BFWIDE, DFENCEXTRM, and BODYFENCEXM. These innovative films are designed with self-healing properties, which allow them to maintain their pristine appearance even after minor scratches and abrasions. This launch positions HEXIS S.A.S. to tap into the burgeoning automobile industry, where demand for high-performance protective films continues to rise
- In November 2021, XPEL expanded its non-automotive product portfolio through the acquisition of invisiFRAME, Ltd., a designer and manufacturer specializing in paint protection film patterns for bicycles. This strategic move allows XPEL to diversify its offerings and cater to a broader market segment. The acquisition enhances XPEL's position in the protective film industry by tapping into the growing interest in bicycle customization and protection
- In October 2021, XPEL, Inc. secured a multi-year sponsorship with the Mercedes-Benz Club of America, Inc., becoming the exclusive provider of paint protection films, ceramic coatings, and window films. This partnership significantly boosts XPEL's brand visibility among Mercedes-Benz enthusiasts, allowing the company to engage directly with a vast community of car owners through club-sponsored activities and events, thereby increasing brand awareness and product usage
- In June 2021, Avery Dennison launched specialized training classes aimed at enhancing skills in the application of automotive paint protection films and window films. These classes are designed to equip participants with advanced techniques to improve installation efficiency and reduce labor time. By focusing on maximizing productivity, Avery Dennison supports professionals in delivering high-quality installations, ultimately benefiting both installers and vehicle owners
- In October 2020, XPEL, Inc. announced the expansion of its Fusion Plus Ceramic Coating product lineup into the hydrophobic protection segment. This decision followed the successful reception of its Fusion Plus line in the paint protection film market. The expansion aims to improve sales and strengthen brand loyalty among vehicle owners and installers, as the new ceramic coating offers enhanced protective features against water, dirt, and environmental contaminants
Frequently Asked Questions
The market is segmented based on Segmentation, By Material (Thermoplastic Polyurethane (TPU), Polyvinyl chloride (PVC), and Others), Application (Automotive and Transportation, Electrical and Electronics, Aerospace and Defense, and Others) - Industry Trends and Forecast to 2031
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The Global Paint Protection Film Market size was valued at USD 324.39 USD Million in 2023.
The Global Paint Protection Film Market is projected to grow at a CAGR of 7.6% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
