Global sales of surface protection films are valued at around US$ 1.5 Billion 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 Billion by the end of 2030.
In 2022, sales of surface protection films are anticipated to reach $1.55 billion globally. Surface protection film sales are expected to increase at a 5.7% CAGR between 2022 and 2030, reaching US$ 2.3 billion by the end of that year. Currently, surface protection film usage makes up 1.2% of the global packaging film market.
Surface protection films have become increasingly popular across various industries, serving as a protective barrier for a wide range of surfaces. From automotive parts and electronic devices to appliances and construction materials, these films safeguard products during transportation, storage, and even during the production process. As industries seek effective ways to prevent scratches, stains, and other damage to their surfaces, the demand for surface protection films continues to soar.
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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.”
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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Surface Protection Films Market: Unveiling the Growth Potential
The Surface Protection Films Market is experiencing rapid expansion, driven by several key factors. Let’s dive into the market dynamics and explore the factors fueling this growth:
1. Increasing Awareness and Need for Surface Protection- As industries recognize the importance of protecting their valuable products, the demand for surface protection films has witnessed significant growth. With rising consumer expectations and stringent quality standards, manufacturers are compelled to adopt surface protection solutions to maintain the pristine condition of their goods.
2. Advancements in Material Technology- The evolution of material technology has revolutionized the surface protection films industry. Manufacturers now have access to an array of advanced materials that offer enhanced durability, flexibility, and adhesive properties. These advancements have paved the way for more versatile and effective surface protection solutions.
3. Growing Industrialization and Infrastructure Development- The global industrial sector is expanding at a rapid pace, with infrastructure development projects sprouting across various regions. This surge in construction activities, coupled with the growth of manufacturing industries, has boosted the demand for surface protection films. These films play a vital role in shielding surfaces during transportation, assembly, and installation processes.
4. Rising Automotive Industry- The automotive sector is a significant consumer of surface protection films, employing them for various applications, including vehicle surface protection during transportation and assembly. With the increasing production of automobiles worldwide, the demand for surface protection films in the automotive industry is expected to witness substantial growth.
5. Growing Electronics and Appliances Sector- The electronics and appliances industry is another major contributor to the demand for surface protection films. As consumers seek pristine and scratch-free electronic devices and appliances, manufacturers utilize surface protection films to ensure their products maintain an impeccable appearance during transit, storage, and even in the hands of end-users.
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