As per the latest market analysis, the global surface protection film market is set to witness robust growth, reaching a valuation of US$2.3 billion by 2034, with an anticipated CAGR of 4.6% from 2024 to 2034. This growth trajectory is attributed to various factors, including technological advancements, increasing construction activities, rapid urbanization, and burgeoning demand from sectors such as consumer electronics and automotive industries.
The surge in construction projects and urbanization, particularly in developing nations, has created a substantial demand for surface protection films. These films play a crucial role in safeguarding surfaces against damage during construction, renovation, and remodeling activities, thereby enhancing the durability and longevity of materials.
Moreover, the escalating ownership of electronic devices globally has fueled the demand for surface protection films in the consumer electronics sector. With the proliferation of electronic gadgets and appliances, there is an inherent need to protect delicate surfaces from scratches, abrasions, and other forms of damage, thus bolstering the market growth.
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Various types of surface protection films, such as transparent, translucent, and coloured/tinted films have been gaining traction over the past couple of years, attributable to the rising preference for protective packaging. Furthermore, the ability to provide chemical, UV, and abrasion resistance to several industrial and non-industrial applications is broadening the adoption of surface protection films.
As such, the global surface protection films market is set to experience decent growth through 2030, crossing a valuation of US$ 2 Bn towards the end of the forecast period.
“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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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.
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Key Segments Of Surface Protection Films Industry Survey
Surface Protection Films Market By Technology :
- Adhesion Lamination
- Dry Bond Lamination
- Wet Bond Lamination
- Energy Curable Adhesive Lamination
- Hot Melt Seal Coating
- Solventless Lamination
- Others
- Coextrusion Lamination
Surface Protection Films Market By Colour :
- Transparent Surface Protection Films
- Translucent Surface Protection Films
- Coloured/Tinted Surface Protection Films
- Opaque Surface Protection Films
Surface Protection Films Market By Application :
- Metal Sheets
- Glass & Mirrors
- Prepainted Surfaces
- Plastic Sheets
- PVC Profiles
- Furniture Surfaces
- Carpet Protection
- Others
Surface Protection Films Market By Industry :
- Construction & Interiors
- Electrical & Electronics
- Automotive
- Industrial
- Healthcare
- Others
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