Global 72 Inch Paint Protection Film Market Size, Trends, and Analysis - Forecast To 2026 By Product (Automotive & Transportation, Electrical & Electronics, Aerospace & Defense, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Paint protection films are ultrathin polyurethane or polymer-based thin film applied onto surfaces. These thin films protect the surface from abrasions, scratches, ultraviolet light exposure, hard water deposits, cracks, oxidation, and other undesired damage to the underlying surface. The thermoplastic urethane polymer is often self-healing and is largely applied on painted surfaces to protect the layer of paint from chips, cracks, peeling, bug splatters, and other minor abrasions. The growing demand for paint protection films in the automobile, defense, and aerospace industries is the major driver of the paint protection film. These films are used to increase the lifespan of the layer of paint. Increasing expenditure on defense and aerospace in countries like India, China, the US, Brazil, and Russia is expected to further increase the demand for paint protection films. 72-inch paint protection films are also called PPF, clear paint film, and clear film. The paint protection films are used on airplanes, electronics, screens, motorcycles, recreational vehicles, and mobile phones, among other devices and applications. Paint protection films were first developed by the U.S. military. During the Vietnam war, the U.S. military found that the rotor blades of their helicopters and other sensitive parts of their military transport vehicles were being damaged by stray flying pieces of shrapnel and debris. To protect their vehicles from damage which results in repair and sometimes complete replacement of the parts, the U.S. military asked the 3M company to create a solution that was low weight and one that did not stand out. 3M developed the protection films that were replaceable and was more cost-effective than replacing the entire damaged part or conducting repairs. Paint protection films are still being used by militaries across the world in their defense and aerospace departments. The exceptional results from paint protection films gained the attention of the automobile industry. The automobile industry began using paint protection films to protect the paint film and decals used on race cars. These thin films were difficult to use at first as the paint protection films were created for flat helicopter blades. Automobile surfaces on the other hand were more complex and the paint protection films were not flexible enough. With advancements in thin-film technology, pain protection films have come a long way and have become a staple in the automobile industry. The automobile industry does not apply paint protection films to every part of the automobile. They are applied to areas that are more prone to high impact like the rear bumpers. Nowadays almost every car manufacturer applies paint protection films to the automobile as a factory option. Recent technological advancements have resulted in paint protection films that have a comfortable fit, optically clear, and are available in a variety of thicknesses and colors. Paint protection films nowadays have multiple layers and have self-healing properties. The self-healing paint protection thin films are capable of reforming themselves after being scratched. Technological advancements have created paint protection thin films that have hydrophobic properties similar to ceramic paint coatings. Paint protection thin films have a large lifespan often lasting ten years. The long protection period is another major driver for the increasing demand for 72-inch protection films. With people becoming increasingly invested in maintaining the aesthetics of their automobiles, the demand for paint protection films has also increased in recent years. Using paint protection thin films is cheaper than having to repaint or replace damaged parts and as they have such low maintenance costs combined with their long lifespans, the demand for paint protection films will only increase. The growing number of e-commerce portals is also expected to increase the distribution channels of paint protection film markets. The current COVID-19 pandemic has had a heavy impact on the paint protection film market as production had to be halted due to lack of raw materials and forced shutdowns. But the paint protection film market is expected to bounce back from this setback during the forecast period.
Based on the various applications of 72-inch paint protection films, the 72-inch paint protection films market can be segmented into automotive & transportation, electrical & electronics, aerospace & defense, and others. The automotive & transportation segment is expected to hold the lion’s share of the market during the forecast period. The growing demand for aesthetically pleasing paint coats on vehicles which gives it a showroom finish on automobiles is the major driver of this segment. Paint protection films can protect the paint coats from abrasions, scratches, water depositions, chipping of paint, and other abrasions. The growing demand for paint protection films among luxury and premium cars is also expected to increase the demand for 72-inch paint protection films. The automobile & transport segment is also expected to register the highest CAGR among all other segments.
The North American region held the dominant share of the market. The growing number of manufacturing industries in the region is one of the major drivers of the paint protection film in the region. The largest contributor to the growing paint protection film in the region is a large number of automobile manufacturers in the region. India and China are two of the largest automobile producers in the region and hence the APAC region is expected to grow at the fastest rate during the forecast period. The large application of paint protection films in the aerospace and defense industries combined with the growing investments in this industry is expected to increase the demand for paint protection films in the region.
Eastman Chemical Company, 3M, Schweitzer-Mauduit, Avery Dennison, RENOLIT SE, XPEL, Inc., Saint-Gobain S.A., among others, are the major vendors competing in the 72-inch paint protection film market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global 72 Inch Paint Protection Film Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the 72 Inch Paint Protection Film Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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