Global Protective Films Market, By Class (Adhesive-Coated, Self-Adhesive), Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Polyurethane, Polyamide, Polyester, Paper, Others), Thickness (0 - 2 Mm, 2 - 4 Mm, 4 - 6 Mm, 6 - 8 Mm, 8 - 10 Mm, Others), Surface (Metals, Glass, Textiles, Wood, Marbles, Molded Plastics, Others), Texture (Opaque, Transparent, Glossy, Matte, Others), End-User (Building and Construction, Automotive, Electronics, Life Science, Aerospace, Packaging, Industrial, Marine, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The protective films have gained popularity across the construction sector due to their extensive utilization across the sector for moisture barrier and prevention of leakage. Furthermore, the construction sector is continually expanding, boosting demand for glazed panels, flooring, and window profiles that incorporate protection films. According to Oxford Economics, the global construction business is anticipated to rise by 85% to $15.5 trillion by 2030. As a result, the market will experience tremendous expansion throughout the anticipated period.
Global Protective Films Market was valued at USD 13.10 billion in 2021 and is expected to reach USD 20.41 billion by 2029, registering a CAGR of 5.70% during the forecast period of 2022 to2029. The "automotive" segment within the end-user is estimated to witness the highest CAGR during the forecast period in the protective films market, owing to growing demand for electric vehicles globally. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
A protective film is a thin sheet of plastic that is used to cover surfaces. Corrosion, scrapes, vermin assault, and water spills are all prevented by these films on the covered surfaces. They're used in the automotive, transportation, apparel, and electronics industries.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Class (Adhesive-Coated, Self-Adhesive), Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Polyurethane, Polyamide, Polyester, Paper, Others), Thickness (0 - 2 Mm, 2 - 4 Mm, 4 - 6 Mm, 6 - 8 Mm, 8 - 10 Mm, Others), Surface (Metals, Glass, Textiles, Wood, Marbles, Molded Plastics, Others), Texture (Opaque, Transparent, Glossy, Matte, Others), End-User (Building and Construction, Automotive, Electronics, Life Science, Aerospace, Packaging, Industrial, Marine, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (U.S.), Chargeurs (France), DuPont (U.S.), Arkema (France), AVERY DENNISON CORPORATION (U.S.), Corporate.Evonik (Germany), BASF SE (Germany), Polifilm Group (Germany), Freudenberg SE (Germany), Showa Denko Materials Co., Ltd.. (Japan), Rogers Corporation (U.S.), Toray Industries Inc., (Japan), CHRYSO GROUP (France), SOLVAY (Belgium), DAIKIN (Japan) and Setral Chemie GmbH (Germany)
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Market Opportunities
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Protective Films Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surging Demand for Solar Energy Production
Protection films are becoming more common as solar energy production becomes more prevalent. Photovoltaic modules are subjected to various environmental stresses, including UV radiation. The solar cells are covered in polymeric coatings, which protect them from moisture, mechanical strains, and environmental deterioration. According to the International Renewable Energy Agency, total solar photovoltaic cell installed capacity increased to 580,159MW in 2019 from 483,078MW in 2018, accelerating the growth of the protective film industry.
- High Demand Across End Users
Protective films are in high demand across the various end-use industries because they extend the life of materials by protecting them from scratches and abrasions. The increasing demand for protective films from the building and construction, transportation, and packaging industries, particularly from the automotive and electronics industries, is one of the primary drivers for the market's expansion over the forecast period.
The rise in popularity of e-commerce is driving up demand for films used in protective and secondary packaging for items, which has immensely boosted the market demand, which is anticipated to be one of the significant driver over forecasted period. Electronics consumption is also expanding at a consistent rate around the world, which is a crucial development driver for the industry. As a result of industrialization, there is a growing need for automobiles all over the world.
Opportunities
- Product Developments and Technological Advancements
Furthermore, various product developments by the market players are striving to create sustainable products with the least environmental impact, which further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the advancement in technology will further expand the future growth of the protective films market.
Restraints/Challenges
- Non- Degradability as a Threat to Environment
Although the demand for polythene protective films is increasing every day, their disposal is a major challenge. Because protective films are made of non-biodegradable polyethylene polymer, they are difficult to dispose of and recycle. As a result, their direct disposal poses a risk to the environment. As a result, the market for protective films is being stifled.
- Stringent Government Regulations
Furthermore, government rules aimed at reducing the usage of multilayered plastic polymer will operate as a stumbling block for the protective film business. For example, in July 2015, the California government passed SB270, which prohibits plastic polymers in grocery shops, pharmacies, and other retail establishments. As a result, this factor will challenge the protective films market growth rate.
This protective films market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the protective films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Protective Films Market
The recent outbreak of coronavirus had a negative impact on the protective films market as almost all major countries experienced a drop in economic development as a result of the pandemic, altering consumer purchasing patterns. National and international transportation have been hampered as a result of the lockdown applied in several nations, which has had a substantial influence on the supply chain of numerous sectors throughout the world, consequently widening the supply–demand mismatch. The severe disruptions in various manufacturing and supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease resulted in huge financial setbacks for the market. As a result, insufficient raw material supply is predicted to slow the production rate of protective films, reducing market growth. Furthermore, consumer demand has declined as people have become more focused on cutting non-essential expenses from their budgets as a result of the outbreak's negative impact on the general economic position of most people.
On the brighter side, the situation is anticipated to improve as governments and individual regulatory bodies around the world begin to reduce regulations and relax these enforced lockdowns to allow businesses to resume operations. As a result, the suspended and cancelled operations have continued with various necessary regulations. Therefore, the market is estimated to expand post-COVID.
Recent Development
- In July 2020, Fixatti, a firm specializing in high-performance thermobonding adhesive powders, is being acquired by Arkema. This initiative is part of Bostik's planned high-value-added technology expansion strategy, and it aligns perfectly with the Group's goal of becoming a pure Specialty Materials business by 2024, focused on Adhesive Solutions, Advanced Materials, and Coating Solutions. Bostik will be able to expand its global hotmelt adhesive solutions for niche industrial applications in the construction, technical coatings, battery, automotive, and textile printing markets as a result of this acquisition.
Global Protective Films Market Scope
The protective films market is segmented on the basis of class, material, thickness, surface, texture and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Class
- Adhesive-Coated
- Self-Adhesive
Material
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Polyvinyl Chloride
- Polyurethane
- Polyamide
- Polyester, Paper
- Others
Thickness
- 0 - 2 Mm
- 2 - 4 Mm
- 4 - 6 Mm
- 6 - 8 Mm
- 8 - 10 Mm
- Others
Surface
- Metals
- Glass
- Textiles
- Wood
- Marbles
- Molded Plastics
- Others
Texture
- Opaque
- Transparent
- Glossy
- Matte
- Others
End-User
- Building and Construction
- Automotive
- Electronics
- Life Science
- Aerospace
- Packaging
- Industrial
- Marine
- Others
Protective Films Market Regional Analysis/Insights
The protective films market is analyzed and market size insights and trends are provided by country, class, material, thickness, surface, texture and end-user as referenced above.
The countries covered in the protective films market report are 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the protective films market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The increased market growth over the region can be attributed to the growing demand for protective films in building and construction industries.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029 as the consumers are more aware of the different usage of protective films in house hold appliances to increase their shelf life and protect them from moisture and dust penetration within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Protective Films Market Share Analysis
The protective films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to protective films market.
Some of the major players operating in the protective films market are
- Nitto Denko Corporation (Japan)
- Saint-Gobain (France)
- 3M (U.S.)
- Chargeurs (France)
- DuPont (U.S.)
- Arkema (France)
- AVERY DENNISON CORPORATION (U.S.)
- Corporate.Evonik (Germany)
- BASF SE (Germany)
- Polifilm Group (Germany)
- Freudenberg SE (Germany)
- Showa Denko Materials Co., Ltd., (Japan)
- Rogers Corporation (U.S.)
- Toray Industries Inc., (Japan)
- CHRYSO GROUP (France)
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Setral Chemie GmbH (Germany)
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