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Protective Films Market size is forecast to reach around $21 billion by 2025, after growing at a CAGR of 6% during 2020 – 2025. The demand for protective films is increasing globally as they enhance the life of the material by protecting them from scratches and abrasions. Increasing demand of protective films from building and construction, transportation, and packaging industry and especially from automotive and electronics industry; is the major drivers for the growth of Protective Films Markets share during the forecast period. Furthermore, advancement in technology to offer sustainable product with minimal environmental impact are projected to enhance the Protective Films Market size.
Report coverage
The report: “Protective Films Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the protective films Industry.
By Type: Adhesive coated, Self coated
By Film Types: Polyethylene, Polypropylene, Poltethylene Terephthalate, Polyvinyl chloride, Others
By Application: Building and constructions, Electronics, Automotive, Packaging, Transportation, Others
By Geography: North America, South America, Europe, APAC, RoW
Key takeaways
- Asia pacific dominates the protective film market in 2019, owing to increase in the demand from end use industry such as building and construction, automotive and electronics industries.
- The growing popularity of new age smartphones and touchscreen which uses polyester based protective film in order to cause no damage to sensors and touchscreen during manufacturing and transportation is likely to aid the protective films market.
- Difficulty in recycling the polymer based protective films act as a restraint for the growth of the protective films market.
Type- Segment Analysis
Adhesive coated segment is the largest segment of protective film market and is projected to grow with a highest CAGR of 7.5% between 2020-2025 .This type of protective films are most commonly used in paint and glass industry due to their compatibility with substrates like glass, plastics and metals and ease in the manufacturing process whereas self-adhesive film faces difficulty in maintaining uniform visco-elastic nature and peel resistance leading to a complex manufacturing process.
Type of Film - Segment Analysis
Polyethylene type protective films holds the largest market share of more than 25% in 2019 in the global market owing to its easily available and are cheapest among all other. Their suitability with different adhesives based on water, acrylic, solvents and others accounts for rise in their demand. Export of Polyethylene increased by 12% between year 2015 and 2018 worldwide, dominating the film market. Moreover, polyethylene films availability in different variants such as LDPE, HDPE, XLPE, VLDPE and HMWPE provide it an edge over others.
Application –Segment Analysis
Automotive segment is projected to witness the highest CAGR of 8% during the forecast period in the protective films market owing to growing demand for electric vehicle globally. According to OICA, total automotive sales jumped to 95 million in year 2018. Rapid industrialization along with the increase in transportation results in increase in demands of vehicles, subsequently resulting in increase in demand of protective films for car paint protection, dashboards, carpets and leathers against damage. Whereas, building and construction sector also emerged as a leading end-use industry in the global market. Urbanization, lead to the rapid growth of building and construction industries. According to IEA, global floor area in buildings expected to double to more than 415 billion square meter by 2050 due to which building materials such as window panels, doors, carpets are also expected to increase, resulting in high demand for protective films.
The outbreak of COVID-19 has badly impacted the protective film market. Industries are being shuttered all around the world and government announced lockdown. Companies are postponing their deals and meeting which further results in their downfall and lead to bankruptcy. According to Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales declined by 51% whereas commercial vehicles sales decreased by 88% in India in March 2020, subsequently hampering the growth of protective film market.
Geography- Segment Analysis
Asia pacific dominated the protective film market with a share of more than 35% followed by North America and Europe as regions are leader in automotive production and consumption .The growing construction industry due to urbanization and industrialization increases the automotive and electronics production and are expected to play an important role in driving the protective film market in the region. Countries in South East Asia like Indonesia, Thailand and Malaysia are witnessing high growth in automotive industries, subsequently resulting in protective film market growth. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow. Thus increase of automotive sales will enable the growth of film market.
Drivers –Protective Films Market
Growth of Automotive and Construction sector
Rise in transportation and automotive industry subsequently increases the protection film market .In automotive field, films are employed for car paint protection and shielding car body, dashboards, leathers and carpets against damage. Thus rise in vehicular purchase is boosting the film Market. The advancement in polymer technology, films that are tough and resistant to abrasion are being engineered, these films are now extensively used in construction sector for moisture barrier and prevention of leakage. Due to rapid urbanization and industrialization in Asia Pacific region, construction market is rapidly increasing thereby enhancing the demand of glazed panels, floors and window profiles which uses protection films. According to Oxford economics, global construction market is expected to grow by 85% to $15.5 trillion worldwide by 2030.
Growing demand for solar energy production
With the rise in popularity of solar energy production, growth of protection films also increases. Photovoltaic modules are exposed to several environmental stress factors including ultraviolet (UV) radiations. Polymeric films are used to cover the solar cells, thereby providing them protection against moisture, mechanical stresses and environmental corrosion. According to International Renewable Energy Agency total installed capacity of solar photovoltaic cells reached to 580,159MW in 2019 which was 483,078MW in 2018, subsequently escalating the growth of protective film market.
Challenges- Protective Film Market
Non degradability and government regulations
Although polythene protective films demands are growing day by day but their disposal is a main concern. Protective films are difficult to dispose and recycle as they are constituted from non-degradable polyethylene polymer. Therefore their direct disposal raises the threat to environment. Thus restricting the growth of protective films market. Moreover, Government regulations to minimize the use of multilayered plastic polymer will act as a restraining factor for protective films industry For instance California government has introduced regulation known as SB270 in July 2015, prohibiting the use of plastic polymers at groceries, pharmacies and other stores.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the protective films market report. The market of protective films top 10 companies for xx% of the share. Major players in the protective film industry outlook are 3M, Nitto Denko Corporation, Chargeurs, DuPont, Arkema, Polifilm Group, among others.
Acquisition / Technological launches
- In February 2020, San Antonio based XPEL Inc., has acquired the Montreal-based paint protection film installation industry, PROTEX CENTRE for approximately $ 2.44 million
- In January 2020, Joint research project of Fraunhofer Institute for Microstructure of Materials and Systems (IMWS) and POLIFILM EXTRUSION to engineer the biopolymer based films for food packaging in order to increase the resistance of food to microbiological impacts.
- In September 2016, Pregis LLC has acquired the temporary protective film business of 3M which provides adhesive-backed temporary protective films used in automotive, appliance, metal working, and building and construction industries.
1. Protective Films Market- Market Overview
1.1 Definitions and Scope
2. Protective Films Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Film Type
2.4 Key Trends by Application
2.5 Key Trends by Geography
3. Protective Films Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Protective Films Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Protective Films Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Protective Films Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Protective Films Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Protective Films Market – By Type (Market Size -$Million, Sq. Meter)
8.1 Adhesive Coated
8.2 Self-Coated
9. Protective Films Market – By Film Type (Market Size -$Million, Sq. Meter)
9.1 Polyethylene
9.2 Polypropylene
9.3 Polyethylene Terephthalate
9.4 Polyvinyl Chloride
9.5 Others
10. Protective Films Market – Application (Market Size -$Million, Sq. Meter)
10.1 Building and Construction
10.2 Automotive
10.3 Electronics
10.4 Packaging
10.5 Transportation
10.6 Others
11. Protective Films Market - By Geography (Market Size -$Million, Sq. Meter)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Russia
11.3.6 Spain
11.3.7 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Rest of Asia Pacific
11.5 RoW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Protective Films Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Protective Films Market Share Analysis (Premium)
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category- Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
14. Protective Films Market- List of Key Companies by Country (Premium)
15. Protective Films Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Protective Films Market By Class Market 2023-2030 ($M)1.1 Adhesive-Coated Protective Films Market 2023-2030 ($M) - Global Industry Research
1.2 Self-Adhesive Protective Films Market 2023-2030 ($M) - Global Industry Research
2.Global Protective Films Market By Type Market 2023-2030 ($M)
2.1 Polyethylene Market 2023-2030 ($M) - Global Industry Research
2.2 Polypropylene Market 2023-2030 ($M) - Global Industry Research
2.3 Polyethylene Terephthalate Market 2023-2030 ($M) - Global Industry Research
2.4 Polyvinyl Chloride Market 2023-2030 ($M) - Global Industry Research
3.Global Protective Films Market By End-Use Industry Market 2023-2030 ($M)
3.1 Building & Construction Market 2023-2030 ($M) - Global Industry Research
3.2 Transportation Market 2023-2030 ($M) - Global Industry Research
3.3 Electronics Market 2023-2030 ($M) - Global Industry Research
3.4 Packaging Market 2023-2030 ($M) - Global Industry Research
4.Global Protective Films Market By Class Market 2023-2030 (Volume/Units)
4.1 Adhesive-Coated Protective Films Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Self-Adhesive Protective Films Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Protective Films Market By Type Market 2023-2030 (Volume/Units)
5.1 Polyethylene Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Polypropylene Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Polyethylene Terephthalate Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Polyvinyl Chloride Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Protective Films Market By End-Use Industry Market 2023-2030 (Volume/Units)
6.1 Building & Construction Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Packaging Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Protective Films Market By Class Market 2023-2030 ($M)
7.1 Adhesive-Coated Protective Films Market 2023-2030 ($M) - Regional Industry Research
7.2 Self-Adhesive Protective Films Market 2023-2030 ($M) - Regional Industry Research
8.North America Protective Films Market By Type Market 2023-2030 ($M)
8.1 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
8.2 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
8.3 Polyethylene Terephthalate Market 2023-2030 ($M) - Regional Industry Research
8.4 Polyvinyl Chloride Market 2023-2030 ($M) - Regional Industry Research
9.North America Protective Films Market By End-Use Industry Market 2023-2030 ($M)
9.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
9.2 Transportation Market 2023-2030 ($M) - Regional Industry Research
9.3 Electronics Market 2023-2030 ($M) - Regional Industry Research
9.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
10.South America Protective Films Market By Class Market 2023-2030 ($M)
10.1 Adhesive-Coated Protective Films Market 2023-2030 ($M) - Regional Industry Research
10.2 Self-Adhesive Protective Films Market 2023-2030 ($M) - Regional Industry Research
11.South America Protective Films Market By Type Market 2023-2030 ($M)
11.1 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
11.2 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
11.3 Polyethylene Terephthalate Market 2023-2030 ($M) - Regional Industry Research
11.4 Polyvinyl Chloride Market 2023-2030 ($M) - Regional Industry Research
12.South America Protective Films Market By End-Use Industry Market 2023-2030 ($M)
12.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
12.2 Transportation Market 2023-2030 ($M) - Regional Industry Research
12.3 Electronics Market 2023-2030 ($M) - Regional Industry Research
12.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
13.Europe Protective Films Market By Class Market 2023-2030 ($M)
13.1 Adhesive-Coated Protective Films Market 2023-2030 ($M) - Regional Industry Research
13.2 Self-Adhesive Protective Films Market 2023-2030 ($M) - Regional Industry Research
14.Europe Protective Films Market By Type Market 2023-2030 ($M)
14.1 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
14.2 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
14.3 Polyethylene Terephthalate Market 2023-2030 ($M) - Regional Industry Research
14.4 Polyvinyl Chloride Market 2023-2030 ($M) - Regional Industry Research
15.Europe Protective Films Market By End-Use Industry Market 2023-2030 ($M)
15.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
15.2 Transportation Market 2023-2030 ($M) - Regional Industry Research
15.3 Electronics Market 2023-2030 ($M) - Regional Industry Research
15.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
16.APAC Protective Films Market By Class Market 2023-2030 ($M)
16.1 Adhesive-Coated Protective Films Market 2023-2030 ($M) - Regional Industry Research
16.2 Self-Adhesive Protective Films Market 2023-2030 ($M) - Regional Industry Research
17.APAC Protective Films Market By Type Market 2023-2030 ($M)
17.1 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
17.2 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
17.3 Polyethylene Terephthalate Market 2023-2030 ($M) - Regional Industry Research
17.4 Polyvinyl Chloride Market 2023-2030 ($M) - Regional Industry Research
18.APAC Protective Films Market By End-Use Industry Market 2023-2030 ($M)
18.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
18.2 Transportation Market 2023-2030 ($M) - Regional Industry Research
18.3 Electronics Market 2023-2030 ($M) - Regional Industry Research
18.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
19.MENA Protective Films Market By Class Market 2023-2030 ($M)
19.1 Adhesive-Coated Protective Films Market 2023-2030 ($M) - Regional Industry Research
19.2 Self-Adhesive Protective Films Market 2023-2030 ($M) - Regional Industry Research
20.MENA Protective Films Market By Type Market 2023-2030 ($M)
20.1 Polyethylene Market 2023-2030 ($M) - Regional Industry Research
20.2 Polypropylene Market 2023-2030 ($M) - Regional Industry Research
20.3 Polyethylene Terephthalate Market 2023-2030 ($M) - Regional Industry Research
20.4 Polyvinyl Chloride Market 2023-2030 ($M) - Regional Industry Research
21.MENA Protective Films Market By End-Use Industry Market 2023-2030 ($M)
21.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
21.2 Transportation Market 2023-2030 ($M) - Regional Industry Research
21.3 Electronics Market 2023-2030 ($M) - Regional Industry Research
21.4 Packaging Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Protective Films Market Revenue, 2023-2030 ($M)2.Canada Protective Films Market Revenue, 2023-2030 ($M)
3.Mexico Protective Films Market Revenue, 2023-2030 ($M)
4.Brazil Protective Films Market Revenue, 2023-2030 ($M)
5.Argentina Protective Films Market Revenue, 2023-2030 ($M)
6.Peru Protective Films Market Revenue, 2023-2030 ($M)
7.Colombia Protective Films Market Revenue, 2023-2030 ($M)
8.Chile Protective Films Market Revenue, 2023-2030 ($M)
9.Rest of South America Protective Films Market Revenue, 2023-2030 ($M)
10.UK Protective Films Market Revenue, 2023-2030 ($M)
11.Germany Protective Films Market Revenue, 2023-2030 ($M)
12.France Protective Films Market Revenue, 2023-2030 ($M)
13.Italy Protective Films Market Revenue, 2023-2030 ($M)
14.Spain Protective Films Market Revenue, 2023-2030 ($M)
15.Rest of Europe Protective Films Market Revenue, 2023-2030 ($M)
16.China Protective Films Market Revenue, 2023-2030 ($M)
17.India Protective Films Market Revenue, 2023-2030 ($M)
18.Japan Protective Films Market Revenue, 2023-2030 ($M)
19.South Korea Protective Films Market Revenue, 2023-2030 ($M)
20.South Africa Protective Films Market Revenue, 2023-2030 ($M)
21.North America Protective Films By Application
22.South America Protective Films By Application
23.Europe Protective Films By Application
24.APAC Protective Films By Application
25.MENA Protective Films By Application
26.Avery Dennison, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Nitto Denko Corporation., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Chargeurs, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Saint-Gobain S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Arkema S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Toray Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.E.I. Du Pont De Nemours & Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.The 3M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Polifilm Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Additional Company Profiles, Sales /Revenue, 2015-2018 ($Mn/$Bn)