Global sales of surface protection films are valued at around US$ 1.5 Bn in 2022. Over the 2022 to 2030 projection period, the global surface protection films market is projected to register 5.7%CAGR and reach a valuation of US$ 2.3 Bn by the end of 2030.
The study and estimations of an excellent Surface Protection Films Market report helps to figure out types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. With the market data of this report, emerging trends along with major drivers, challenges, and opportunities in the Surface Protection Films Market for this industry can be identified and analysed.
For the clear and better understanding of facts and figures, the data is represented in the form of graphs and charts. With the studies, insights, and analysis mentioned in the finest Surface Protection Films Market report; get comprehensible idea about the marketplace with which business decisions can be taken quickly and easily.
“The growth outlook for the market seems promising, owing to excellent conformability, high adhesive strength, and abrasion-resistant attributes of surface protection films. On the other hand, sales are estimated to witness considerable decline in the next two quarters of 2020, owing to the COVID-19 pandemic across continents. Majority of revenue is realized from the construction and electronics industries.
Lockdown and restrictions on import & export activities in high potential countries such as China and India have created an adverse impact on these Industries. This will hinder the growth of the surface protection films market in the near term. However, shifting inclination towards the adoption of protective packaging solutions will boost the demand for surface protection films over the coming years.”
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Various types of surface protection films, such as transparent, translucent, and coloured/tinted films have been gaining traction over the past couple of years, attributable to the rising preference for protective packaging. Furthermore, the ability to provide chemical, UV, and abrasion resistance to several industrial and non-industrial applications is broadening the adoption of surface protection films.
As such, the global surface protection films market is set to experience decent growth through 2030, crossing a valuation of US$ 2 Bn towards the end of the forecast period.
Key Takeaways from Surface Protection Films Market Study
Glass & mirrors remain key application areas of surface protection films, followed closely by furniture surfaces. These two collectively accounted for nearly 45% revenue share in 2021, primarily attributable to growth of the construction industry.
Polyethylene (PE) remains highly preferred for manufacturing surface protection films, owing to its low cost and exceptional tear-resistant attributes. This polymer material will continue to maintain its positive trend over the decade ahead.
The construction & interiors and electrical & electronics industries would be the immediate end users of surface protection films, capturing around ¾ value share, collectively.
The global surface protection films market is highly competitive. Manufacturers of surface protection films are focusing on providing additional features and employing newer technologies such as self-healing to ensure easy peeling without leaving any residue on the surface. These innovations provide convenience features to end users, and help manufacturers in achieving product differentiation.
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Focus of Prominent Manufacturers on Market Consolidation
Leading players in the global surface protection films market are focusing on strengthening their foothold in the landscape by expanding their business footprints. Manufacturers are also enhancing their production capacities through strategic mergers & acquisitions. For instance,
In March 2022, Pregis a North America-based manufacturer, acquired Italian temporary protective films manufacturer Soprad. The company Soprad is a manufacturer and supplier of performance-oriented adhesive protective films for a variety of surfaces, including metal, plastic, glass, and carpets. In July 2021, the company launched cost-effective, temporary surface protection films specifically-designed for a new generation, fingerprint-resistant or speciality-coated products.
In August 2021, Chargeurs S.A. acquired OMMA Srl., one of Italy’s leading manufacturers of application machines for surface protection films.
In June 2021, Bischof + Klein SE & Co. KG set up a new extrusion coating line. This is expected to increase the output and enable complete omission of solvents.
Key Segments Of Surface Protection Films Industry Survey – Surface Protection Films Market by Thickness (Up to 25 microns, 25-50 microns, 50-100 microns), Technology (Adhesion Lamination, Coextrusion lamination), Material (PE, PET, PP, PU, PVC) & Region – Forecast 2022-2030
Surface Protection Films Market By Region :
- North America Surface Protection Films Market
- Latin America Surface Protection Films Market
- Europe Surface Protection Films Market
- East Asia Surface Protection Films Market
- South Asia & Pacific Surface Protection Films Market
- Middle East & Africa (MEA) Surface Protection Films Market
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