Paint Protection Film Market Segmentation:
Material Segment Analysis
The thermoplastic polyurethane segment is estimated to account for 60% of the global paint protection film market in 2035. Thermoplastic polyurethane has high elasticity and self-healing properties. Moreover, the protective paint of thermoplastic polyurethane does not lose its luster over time, driving the segment growth. Furthermore, developing new products is also expected to augment the segment's growth. In 2021, Huntsman launched a new thermoplastic polyurethane grade (TPU) grade for technical filament parts and blown film applications that outperform previous-generation technology in terms of resilience, manufacturing effectiveness, and minimizing waste.
End user Segment Analysis
In 2035, the automobile segment is predicted to have a substantial proportion of roughly 49%. The rising demand for vehicles especially electric vehicles is expected to augment the segment growth. With the rapid expansion, electric automobiles now account for a significant portion of the overall car market. Over ten million electric vehicles were sold globally in 2023, with sales predicted to increase by 35%. Paint protective film is a great coating and has excellent scratch resistance properties, shielding the vehicle’s paint from scratches caused by everyday wear and tear, such as keys, brushes, or branches. Moreover, vehicle exposure to sunlight can cause the paint to fade or become discolored. Paint protective film has UV inhibitors that help block harmful UV rays, preserving the color and finish of the paint.
Our in-depth analysis of the global paint protection film market includes the following segments:
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