According to a newly published report by Research Nester “Surface Protection Films Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the surface protection films market in terms of market segmentation by material type, by thickness, by application, by transparency, by end use industry and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The surface protection films market is estimated to be valued at USD 1.34 Billion in 2019 and is likely to cross USD 2.6 Billion by 2027. The market is anticipated to record a CAGR of around 5.32% over the forecast period i.e. 2019-2027. The market is segmented by material type, thickness, application, transparency and end use industry. The market is segmented by application into glass, PVC profiles, carpet protection, plastic sheets, metal sheets, furniture surfaces and others. The market is further segmented by material type into Polyethylene Terephthalate (PET), Polyethylene (PE), Polyurethane (PU), Polypropylene (PP), and Polyvinyl Chloride (PVC). On the basis of thickness, the market is segmented into up to 25 microns, 25 to 50 microns, 50 to 100 microns, 100 to 150 microns and above 150 microns. By transparency, the market is segmented into clear transparent, opaque, translucent, tinted/colored. The market is segmented by end use industry into electronics, construction & interior, healthcare, automotive and others.
An increase in digital awareness has led to more people exploring new gadgets such as smartphones and tablets where surface protection films are widely utilized. Escalating demand for electronic products with rising purchasing power of households is contributing towards the growth of this market.
Increasing Construction Activities and Harmful Chemicals
Construction activities in developing countries have contributed towards the growth of the surface protection films market during the forecast period. The chemicals used in the production of surface protection films are harmful and encounter the human body, thus may have a negative impact on the health of the humans. This acts as a restraining factor for the growth of the market during the forecasted period.
Asia Pacific region is anticipated to have the largest share in the market owing to growing construction activities in the developing countries such as India and China leading to dust particles being emitted in the air and requires protection from those particles.
This report also provides the existing competitive scenario of some of the key players of the surface protection films market which includes company profiling of Veevaa Enterprises, Nitto Denko Corp, Chargeurs S.A., Bubble Pacage Private Limited, Tredegar Corporation, Polifilm GmbH, Surface Guard, Inc., DUNMORE Corporation, Ecoplast Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the surface protection films market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.