Paint Protection Film Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Paint Protection Film Market size is forecast to reach $383.7 million by 2025, after growing at a CAGR of 6.7% during the forecast period from 2020-2025. With rise in the demand of luxury vehicles, electronic gadgets, aircraft, boats & ships, the paint protection film market is witnessing an increase in demand, as it is applied to painted surfaces in order to protect the paint from stone chips, bug splatters, and minor abrasions. Increasing sales of high-end cars especially in APAC region will further enhance the overall market demand for paint protection film during the forecast period.

Paint protection film (PPF, also called clear bra, clear wrap, clear film or clear paint film) is a thermoplastic urethane often self healing film applied to painted surfaces of a new or used car in order to protect the paint from stone chips, bug splatters, and minor abrasions. This film is also used on airplanes, RVs, cell phones, electronics, screens, motorcycles and many other areas. Paint protection film is OEM approved by virtually all car manufacturers.

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Report Coverage

The report: “Paint Protection Film Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Paint Protection Film Industry.

Key Takeaways

  • Asia-Pacific dominates the paint protection film market owing to increasing demand from automotive industries.

  • Increasing demand of high-end cars especially in developing nations of APAC region, is likely to aid in the market growth of paint protection film.

  • Increasing adoption of paint protection film to prevent and decrease damage caused by stone chips, minor abrasions and environmental elements when installed to painted surfaces. This will further increase the overall market demand in the near future.

Material - Segment Analysis

Thermoplastic polyurethane (TPU) segment held the largest share in the paint protection film market in 2019 due to its reliability and consistent performance. Other properties such as self-healing, elasticity, non-yellowing, and recyclability are further expected to fuel the market growth for thermoplastic polyurethane based paint protection films in forecast timeframe. In addition, easy availability of raw materials if further expected to enhance the overall demand of this segment.

End-use Industry - Segment Analysis

Automotive sector has been the primary market for paint protection film for many years and is expected to maintain its leadership in forecast period as well. Due to increase in the global consumer spending in high-end vehicle, rising awareness towards the protection of vehicle, maintaining its aesthetic looks, and increasing technological advancements, the consumption of paint protection film has always been considerably high in automotive application in comparison to other applications. Furthermore, many advantages including preserve the showroom quality finish of vehicle, vehicle looking newer longer without changing the design features or color by protecting vulnerable areas, and enhancing the resale value of the vehicle in the future; are expected to enhance the overall demand of PPF in automotive application.

Geography - Segment Analysis

APAC dominated the paint protection film market with a share of more than 33%, followed by North America and Europe. Growing demand of high-end vehicles, increasing awareness for maintaining showroom finish of the vehicles, and enhancing the resale value of the vehicle in the future; are the prime factors contributing in the growth of PPF in APAC region.

The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the aviation and automotive industries. 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. 

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