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Paint Protection Film Market to reach a market size of $428.29 million by 2025- KBV Research

Press release   •   Feb 07, 2020 18:20 IST

According to a new report Global Paint Protection Film Market, published by KBV Research, The Global Paint Protection Film Market size is expected to reach $428.29 million by 2025, rising at a market growth of 6.8% CAGR during the forecast period.

The Automotive & Transportation market dominated the Global Paint Protection Film Market by Application in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $290.5 Million by 2025, growing at a CAGR of 6.4 % during the forecast period. The Aerospace & Defense market is expected to witness a CAGR of 7.4% during (2019-2025).

The Asia Pacific market contributed the highest revenue share to the Global Paint Protection Film Market by Region in 2018, and would grow at a CAGR of 7.4 % during the forecast period. The North America market is anticipated to experience a CAGR of 5.3% during (2019-2025). Additionally, The Europe market is predicted to forecast a CAGR of 6.3% during (2019-2025).

The USA market garnered the largest market share in the North America Electrical & Electronics Market by Country in 2018, and is poised to rise at a CAGR of 6.4 % during the forecast period. The Canada market is predicted to grow at a CAGR of 7.2% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/paint-protection-film-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, Scorpion Window Film, BASF SE, Covestro AG, Eastman Chemical Company, Avery Dennison Corporation, Ziebart International Corporation, XPEL, Inc., Saint-Gobain Group (Saint-Gobain Solar Gard, LLC) and Hexis S.A.

Recent Strategies Deployed in Paint Protection Film Market

» Partnerships, Collaborations and Agreements:

Nov-2019: Hexis came into partnership with Racing Optics in which Hexis will use the multi-layer protective films of Racing Optics for sports, racing, and luxury cars. The partnership also complements the development of BODYFENCE protection products which would protect the car bodies against external damage and dirt.

Sep-2019: 3M came into partnership with The Ferrari Club of America in which the personal automotive products of the company (i.e. window tint, paint protection film, and car wrap films) will become the exclusive brand of Ferrari Club.

Jun-2019: 3M India announced its partnership with Castrol in order to develop vehicle care products for automotive after-market.

» Acquisition and Mergers:

Aug-2018: XPEL acquired Protex Franchisees located in 3 locations i.e. Quebec City, Quebec; Laval, Quebec; and Calgary, Alberta, Canada. These franchisees were operating as installer for automotive window films and paint protection films in their geographical territories.

Nov-2017: XPEL acquired Transguard, an installer of automotive paint protection and window film. The acquisition broadened XPEL's portfolio and strengthens its business in graphics.

Feb-2017: Avery Dennison acquired Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates. The acquisition helped Avery Dennison in broadening its' portfolio in films and related products.

Dec-2016: BASF completed the acquisition of Chemetall, a global surface treatment business. This acquisition enhanced the portfolio of BASF's coatings division to become a complete solutions provider.

Aug-2016: Avery Dennison acquired Mactac from Platinum Equity. The acquisition enhances its capabilities in high-value graphics, product offerings, capabilities, and distributor network.

» Product Launches and Product Launches:

Nov-2019: Avery Dennison unveiled new Paint Protection Film Cutting Software. The software has additional benefits such as manual, hand-nested files that serve to save more materials than automated nesting, wrapped and unwrapped edge kits, etc. The software is available through subscription.

Jun-2019: 3M Philippines introduced new line of automotive tints which provides ultraviolet protection or equivalent of wearing SPF 1000 sunblock.

Mar-2019: XPEL announced the launch of FUSION PLUS™ ceramic coating. The coating can be applied to glass, paint, vinyl, and paint protection films.

Jan-2019: Solar Gard launched its state-of-art ceramic vortex automotive film in order to deliver heat rejection, increased glare control and outstanding UV rejection.

Oct-2018: Avery Dennison released SPF-XI Supreme Protection™ Film for maintaining the vehicle appearance. This clear polyurethane film protects paint from road debris, weathering and minor abrasion, stone chips, and insect stains without degrading the vehicle's finish.

May-20187: XPEL launched ULTIMATE PLUS, a new self-healing paint protection film. The film offers total paint protection and optical clarity and it is a zero orange peel finish and leaves the film virtually invisible to the naked eyes.

Apr-2018: Covestro introduced Makrolon® NR and Makrolon® NR-C, two new polycarbonate sheets. NR provides enhanced ultraviolet resistance with the proprietary surface for reducing the reflection associated with smooth sheet.

Jan-2018: BASF launched RODIM, a new brand of paint-related products. The new brand supports the body shops in China for enhancing their workflow and optimizing the results for automotive refinishing.

» Geographical Expansions:

Aug-2019: Eastman expanded its reach to Henry County by opening a new facility. The new facility majorly focuses on the development of window and paint protection films.

Global Paint Protection Film Market Segmentation

By Application

Automotive & Transportation

Aerospace & Defense

Electrical & Electronics and

Other Application

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

3M Company

Scorpion Window Film

BASF SE

Covestro AG

Eastman Chemical Company

Avery Dennison Corporation

Ziebart International Corporation

XPEL, Inc.

Saint-Gobain Group (Saint-Gobain Solar Gard, LLC) and

Hexis S.A.

Paint Protection Film Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

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