Jun 25,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Protective Films Market.
It was estimated prior to this unanticipated outbreak that the Protective Films Market was expected to grow at a CAGR of 5.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Protective films are used to protect high-quality surfaces to avoid damage, caused by various factors such as UV radiations, abrasion, and weathering. These films protect the component or product from dirt, scratches, and chemicals and make them more durable.
Protective films are of different types, such as polyethylene, polypropylene, and polyvinyl chloride that are used in various end-use industries, such as building and construction, electronics, and packaging.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the class type, the market is segmented as adhesive-coated protective films and self-adhesive protective films. The adhesive-coated protective films segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. The adhesive-coated protective films have easier manufacturing process as compared to self-adhesive protective films and are more compatible with various substrates, such as glass, metals, and plastics, which are responsible for driving the growth of this segment.
Based on the type, the market is segmented as polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, and others. The polyethylene segment is expected to remain the largest as well as the fastest-growing type during the forecast period. Polyethylene films are available in different variants such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and co-extruded polyethylene. Polyethylene protective films are cheaper as compared to other polymer resins and are compatible with different adhesives, due to which they are mainly chosen for the manufacturing of protective films.
Based on the end-use industry type, the protective films market is segmented as building & construction, transportation, electronics, packaging, and others. The building and construction segment dominates the market, as the construction industry is growing in emerging economies. Further, these protective films are used in various applications of a building, such as window frames, floors, carpets, cabinets, and glazed panels, which are propelling the growth of the segment during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for protective films during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is driven by the growing building & construction industry, due to rapid urbanization, increasing production of automotive and electronics goods, which is generating huge demand for protective films, and the presence of a large number of protective film manufacturers in the Asia-Pacific region. Europe and North America are also expected to offer significant growth opportunities during the forecast period.
Key Players:
Some of the major protective film suppliers are-
- Nitto Denko Corporation
- Saint-Gobain S.A.
- The 3M Company
- Chargeurs Reunis
- E.I. Du Pont De Nemours and Company.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Protective Films Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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