Newark, NJ, May 19, 2022 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, The global Paint Protection Films market is expected to grow from USD 305 million in 2019 to USD 531 million by 2027, at a CAGR of 7.1% during the forecast period 2020-2027. Asia-Pacific has the major share in the PPF market and is expected to witness a fast-growing rate in the forecasted period. With china dominating having the largest consumers and producers of primary base material of PPF that is, thermoplastic polyurethane material. This region has increasing sales of luxury cars.
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The major players of PPF market are Xpel Technologies Corp., Llumar, Argotec, Avery Dennison, Himark Paint Protective Film Ltd, 3M Company, Premium Shield and Vanzetti Engineering S.R.L.
The new window film website by Llumar simplifies consumer experience by becoming more transparent especially for the people who need information about how it works and how it looks like. Llumar is used by many companies and individuals.
Avery Dennison corp. completed the acquisition of smartrac’s transponder business, which is a leading innovator in the development and manufacture of RFID inalays.
The application segment includes Electrical & Electronics, Marine, Aerospace & defense, lighting parts, Automotive & Transportation, Vehicle Body, Other. Automotive industry segment has the largest use due to OEM approval by many manufactures of car, increasing affordability and increasing consumer awareness. Rising use of films in cell phones, defense, RV’s, airplanes and motorcycle is the key factor which positively influence demand.
The formulation type includes, Water Based System, Solvent Based System, Other. Water based system having the highest share.
Automotive industry has the largest share and is the main consumer of PPF market. With the increasing consumption and sales of luxury cars, the demand of PPF industries increases.
With developing PPF market, the industry is planning to launch series of developments in products to give more superior performance aesthetics and characteristics in long run.
On the other side, stringent regulation by government pertaining to emission by PPF and low rate product adoption regions of low-capita income can be a restrain to the global PPF market.
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About the report:
The global Paint Protection Films market is analysed on the basis of value (USD Million). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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