The global protective films market was worth USD 13.8 billion in 2018 and is estimated to rise at a current CAGR of 6.5% throughout the forecast period to achieve USD 18.9 billion by the end of 2023. Protective films are plastic sheets that are pasted on to substrates with the assistance of adhesives. To protect the walls, electronic devices, flooring, an automobile from moisture or chemicals of any external agents, these protective films are employed as a price effective and efficient solution.
Market drivers and restraints:
Expansion of this business is mainly attributed to the rising demand for protective films from different end-use industries like building & construction, transportation, electronics, and others. The call for protective films has escalated in these sectors, as makers are focusing more on securing their products from aspects like dust, external scratches, and chemicals, which is making them more durable. Protective films are also getting popular in the aftermarket goods of these industries, as they can offer protection from adversities like the UV rays, abrasion, and weathering, among others.
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Report segmented as:
- Polyethylene terephthalate
By end user:
- Building and construction
Based on the geography, the protective films is estimated to expand highly in growing economies like India, China, Malaysia, Nigeria, Brazil, Argentina and Indonesia among others. Expanding population and income levels are estimated to propel the market across different parts of the world.
Important market players:
Important players operating in the global protective films market are Arkema S.A., Avery Dennison, Bischof + Klein Se & Co. Kg, Bp Plastics Holding Bhd, Chargeurs, CovertecSrl, Dunmore, Dute Industries Group, E.I. Du Pont De Nemours And Company, Echoplast Ltd., Echotape, Hitachi Chemical Co., Ltd., Saint-Gobain S.A., Surface Armor Llc, The 3M Company, and Toray Industries Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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