Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
s, Feb. 22, 2016 -- The global paint protection film market is expected to reach USD 1.49 billion by 2022, according to a new report by Grand View Research, Inc. Growth of automotive industry coupled with rising consumer awareness regarding car protection is expected to remain key factors driving growth.
Increasing application scope across key end-use industries such as electrical & electronics and aerospace & defense is expected to further contribute towards industry growth. Changing lifestyle along with shift in preference towards look of the vehicle is also anticipated to positively influence growth.
Increasing per capita disposable income in emerging economies of Asia Pacific and Latin America coupled with advent of technologies such as internet connected cars is expected to fuel automotive sales and in turn compliment paint protective film market growth.
Automotive emerged as the leading application segment and accounted for over three quarters of total demand in 2014. It is also expected to witness highest CAGR of 6.4% from 2015 to 2022. Increasing demand from heavy-duty vehicles owing to longer shelf life of these films is expected to drive application segment growth.
Browse to access In-depth research report on Global Paint Protection Film Market with detailed charts and figures: http://www.grandviewresearch.com/industry-analysis/paint-protection-film-market
Further key findings from the report suggest:
- Global paint protection film market demand was 1,103.4 thousand sq. meters in 2014 and is expected to reach 1,659.5 thousand sq. meters by 2022, growing at a CAGR of 5.3% from 2015 to 2022.
- Aerospace & defense accounted for over 10% of total market volume in 2014. Increasing defense sector investment in countries such as China, India and Russia is expected to drive application segment growth at a CAGR of 2.9% from 2015 to 2022
- Asia Pacific was the leading regional market and accounted for over one-third of the global demand in 2014. Automotive production growth and advent of China as the leading producer in the industry shall drive growth over the forecast period. Strong demand for premium passenger cars in India and Southeast Asia alike shall also aid in the region’s development.
- The industry is characterized by strong scope for development in electronics sector. Though a niche segment currently, electronics such as mobile phones, tablets, and display screens are being applied with protection films in order to preserve their aesthetics and design integrity
- There is also considerable presence of integrated companies in the industry that are involved in TPU films manufacturing along with its downstream application as paint protection. A few such companies include DuPont, Lubrizol and Eastman Chemical Co.
- Global paint protection film market share is moderately fragmented among multinational corporations and small domestic companies. Major industry participants with global presence include 3M Company, Avery Denison, SunTek Films, XPEL, Solar Gard, Premier Protective Films International, Agrotec, PremiumShield and Vanzetti Engineering S.R.L.
Request for free sample of this research report: http://www.grandviewresearch.com/industry-analysis/paint-protection-film-market/request
Grand View Research has segmented the paint protection film market on the basis of application and region:
Global Paint Protection Film Application Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2012 - 2022)
- Automotive
- Electrical & electronics
- Aerospace & defense
- Others
Global Paint Protection Film Regional Outlook (Volume, Thousand Square Meters; Revenue, USD Million, 2012 - 2022)
- North America
- U.S
- Europe
- Germany
- France
- UK
- Asia Pacific
- India
- China
- Japan
- Central & South America
- Middle East and Africa
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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: www.grandviewresearch.com
