Industry Outlook and Trend Analysis
The Paint Protection Film Market was worth USD 223.56 million in 2014 and is expected to reach approximately USD 401.43 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.72% during the forecast period. The dynamics of the industry are anticipated to be vigorously impacted by usage drifts in developing markets, especially considering the development of end-use ventures, for example, defence and electronics, automobiles, growing manufacturing sector and urbanization. Changing way of life alongside switch in inclination towards keeping in place the completing and look of the vehicle is a key attribute in customers’ purchasing criteria. PPF is a thermoplastic urethane film which is broadly used to protect helpless surfaces of automotive, for example, bumpers, body cavities, hoods, edges, and door handles, from stone chipping, bug splatters, and abrasions against different surfaces.
The leading players in the market are XPEL Technologies Corp, Argotec, Topaz, Premier Protective Films International, M&Co, Avery Dennison, Lubrizol, and Solar Gard. The business’ opposition can be depicted on two fronts. The first one is, increasing R&D activities done by manufacturers of the product. While the last being, installer’s edges. Regarding producing, the industry has achieved a phase where cost based rivalry has turned out to be out of date because of the development of small-scale household organizations.
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Application Outlook and Trend Analysis
Automotive was the main application fragment and represented more than 75% of the general consumption in 2014. There are two primary factors that relate to the high infiltration level of PPF in the section, i.e., rising offers of premium or high-end luxury automobiles, and awareness among their purchasers in regards to vehicle support and secondary selling care. With progressive transfer of automotive technologies to the Asian locale, and development of after sales benefits in the district, automotive section should pull in significant demand in the following years
Electrical & Electronics
Aerospace & Defence
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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