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SAN FRANCISCO , May 30, 2022 /PRNewswire/ -- The global paint protection film market size is projected to reach USD 497.4 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.9% from 2022 to 2030. Increasing consumer awareness about vehicle paint protection against stone chipping, bug splatters, and abrasions is expected to trigger the demand for Paint Protection Films (PPFs). On the other hand, ceramic coating technologies are likely to be used as a substitute for these films on account of their superior performance against abrasions and scratches, thus impacting the growth of the market. In addition, frequent discrepancies in raw material pricing as well as declining automotive production in several economies, such as the U.S., Korea, and Japan , are predicted to act as a restraining factor for the market players. However, the rapid growth of other end-use application sectors, such as aerospace and deference and electrical and electronics, is anticipated to provide new opportunities to them.
Key Insights & Findings from the report:
Request a free sample copy or view the report summary, "Paint Protection Film Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Automotive & Transportation), By Region (North America , Europe , APAC, Central & South America , MEA), And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Paint Protection Film Market Growth & Trends
The market is highly competitive on account of the easy availability of raw materials and the strong presence of several key players with sufficient production capacities. Product sustainability, price, and durability are anticipated to be the key factors impacting the buyers' decisions. The product is broadly available in retail as well as online platforms. Moreover, its installation necessitates expertise and specially trained employees for optimal results. Therefore, key industry participants are also focusing on after-purchase services. Some players have various established contracts with domestic installers to expand their geographical presence. The COVID-19 outbreak had a significant impact on trade and industry. The government directives and tight enforcement of the lockdown and other pandemic-curbing practices caused a disruption in the supply chain and demand for products and services.
Paint Protection Film Market Segmentation
Grand View Research has segmented the global paint protection film market on the basis of application and region:
Paint Protection Film Market - Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)
Paint Protection Film Market - Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2030)
List of Key Players of Paint Protection Film Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Grand View Compass | Grand View Pipeline Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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