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Uncoated Paint Protection Film Market Size, Share Global Analysis Report, 2022 – 2028
Uncoated Paint Protection Film Market Size, Share, Growth Analysis Report By Product Type (Transparent Paint Protection Film, Ultimate Paint Protection Film, Premium Self-Healing Film) By Application (Automotive Industry, Electrical And Electronics Industry, Aerospace & Defense Industry), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
Industry Insights
[220+ Pages Report] According to Facts and Factors,the global uncoated paint protection film market size was worth USD 353.80 million in 2021 and is estimated to grow to USD 564.56 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.10% over the forecast period. The report analyzes the uncoated paint protection film market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the uncoated paint protection film market.
Market Overview
The uncoated paint protection film market oversees, among other things, films, electrical gadgets, aviation, and films used to secure painted surfaces in the automobile industry. Thermoplastic urethane film, known as the uncoated paint protection film, is typically applied to painted surfaces that have not been coated. These movies are commonly available as basic paint insurance movies, extreme paint security movies, and premium self-recovery movies. Uncoated paint protection film, a self-healing material, is placed on painted surfaces of both new and used cars to shield the paint from stone chips, tiny scratches, and bug splatters. In addition, the film is used to cover screens, mobile phones, recreational vehicles, and electronic devices. All automakers and original equipment manufacturers have approved the uncoated paint protection film. The film offers defense against stone chipping, bug damage, road tar, stains from vehicle fluid, scratches, and rigorous outdoor weathering. The uncoated paint protection film is anticipated to grow due to the rising demand for UV-curable paint protection film and the globalization of the automotive industry. The uncoated paint protection film (UPPF) market will be driven by rising demand for UPPF in developing nations and increased government investment in advanced energy systems during the projected period.
COVID-19 Impact:
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to influence industry growth throughout the forecast period. The government directives and strict application of the lockdown and other pandemic-curbing rules disrupted the supply and demand chain of goods and services. Due to the global lockdown and suspension in production activity, the automotive industry was among the most severely affected sectors globally. In 2020, the automotive industry controlled more than 80% of the market share, greatly impacting the paint protection film industry. The supply chain for raw materials was affected by the COVID-19 epidemic and the requirement of safety standards, which furthered the halt.
Key Insights
- As per the analysis shared by our research analyst, the global uncoated paint protection film market value is expected to grow at a CAGR of 8.10% over the forecast period.
- In terms of revenue, the global uncoated paint protection film market size was valued at around USD 353.80 million in 2021 and is projected to reach USD 564.56 million by 2028.
- The uncoated paint protection film is anticipated to grow due to the rising demand for UV-curable paint protection film and the globalization of the automotive industry.
- By product type, the premium self-healing film category dominated the market in 2021.
- By application, the automotive industry category dominated the market in 2021.
- The Asia Pacific dominated the global uncoated paint protection film market in 2021.
Growth Drivers
- The rapid growth of the automotive sector drives the market growth
The booming automobile industry is anticipated to contribute to the market boom throughout that time significantly. Additionally, the market will benefit from the growing acceptance of UV-curable paint protection films during the projected period. In addition, rising government spending on new power systems and soaring demand for uncoated paint protection films throughout emerging economies will propel corporate growth over the anticipated timeframe. The market will see attractive opportunities throughout the projection period due to increased demand for electric vehicles globally and new coating technologies. Additionally, the company's scope will expand over the forecast period as uncoated paint manufacturing films incorporate new and varied features.
Restraints
- Strict environmental regulations for the use of uncoated paint protection film may hinder the market growth
The development of the uncoated paint protection sectors is likely to be hampered by strict environmental regulations for using uncoated paint protection film and a slower adoption rate in developing applications.
Segmentation Analysis
The global uncoated paint protection film market has been segmented into product types and applications.
Based on product type, the market is segregated into ultimate paint protection film, transparent paint protection film, and premium self-healing film. In 2021, the premium self-healing film segment dominated the global uncoated paint protection film. The best defense against road rash, scratches, bird etchings, rock chips, sand storms, sap deposits, and more is provided with premium self-healing film. Additionally, it offers benefits such as maintenance-free operation, stain and fade resistance, exceptional durability, the ability to be securely removed, and won't harm fully cured paint finishes. It is a great option for leased vehicles. Premium self-healing film is an exciting technological advancement that safeguards an automobile's great design and resale value.
Based on the application, the market is segregated into the automotive industry, electrical and electronics industry, and aerospace & defense industry. In 2021, the automotive industry category dominated the global uncoated paint protection film. As sales continue to change and environmental rules become more stringent, the global automotive sector is expanding at a good rate within a short period. Companies must make critical strategic decisions correctly in the upcoming ten years to have a profitable, long-term future.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 353.80 Million |
Projected Market Size in 2028 |
USD 564.56 Million |
CAGR Growth Rate |
8.10% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
XPEL, PremiumShield, Avery Denison, Argotec, Orafol, Hexis SA, Eastman, 3M Company, and Others |
Key Segment |
By Product Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Landscape
- The Asia Pacific dominated the uncoated paint protection film market in 2021
In 2021, Asia Pacific dominated the global uncoated paint protection film market. New business prospects will arise in the next years as uncoated paint protection film gains popularity in Asia. On the other hand, it is projected that the Asia Pacific region's uncoated paint protection film market will grow due to expanding business and aerospace and defense operations. In addition, it is anticipated that greater investment in the auto industry will lead to major growth in nations like India, China, and Japan. The thriving automotive industry in the area is expected to impact the market during the forecast period substantially. The top companies in the market ought to notice some chances due to the increasing acceptance of electric cars and the appearance of cutting-edge, uncoated paint protection films with various characteristics. The emergence of technological products and a better grasp of the benefits of movies have also boosted regional demand.
Competitive Landscape
- XPEL
- PremiumShield
- Avery Denison
- Argotec
- Orafol
- Hexis SA
- Eastman
- 3M Company.
Global Uncoated Paint Protection Film Market is segmented as follows:
By Product Type
- Transparent Paint Protection Film
- Ultimate Paint Protection Film
- Premium Self-Healing Film
By Application
- Automotive Industry
- Electrical And Electronics Industry
- Aerospace & Defense Industry
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- XPEL
- PremiumShield
- Avery Denison
- Argotec
- Orafol
- Hexis SA
- Eastman
- 3M Company.
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