Surface Protection Films Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

 The global surface protection films market is anticipated to expand at a CAGR of 5.7% over the forecast period of 2022-2030. The market is witnessing a demand upsurge to protect metal & plastic sheets, glass & mirrors, pre-painted surfaces, carpets, and furniture surfaces from vibrations and dust scratches.

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.

List Of Key Players Covered in Surface Protection Films Market are:

 Chargeurs S.A Nitto Denko Corp Tredegar Corporation Polifilm GmbH Bischof + Klein SE & Co. KG DUNMORE Corporation Grafix Plastics Surface Armor LLC LAMIN-X Protective Films Pelloplast OY MacDermid Autotype Ltd DUTE Industrial Group 

“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.

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.

Regional Insights
Growing disposable income, combined with rising popularity in renovating homes, has fueled expenditures in interior design services, these factors driving demand for paint protection films in the U.S.
The China surface protection films market = is expected to be a prominent market during the forecast period. The automotive sector is one of the key contributors to GDP and employment in China.

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 

Detailed Table of Content:

Executive Summary

Market Overview Market Analysis FMI Analysis and Recommendations Wheel of Fortune

Market Introduction

Market Definition Market Taxonomy

Market Viewpoint

Porter’s Five Forces Analysis for Surface Protection Films Market PESTLE Analysis for Surface Protection Films Market Co-Relation Analysis for Surface Protection Films Market Parent/Associated Market Overview Macro-Economic Overview Opportunity Analysis

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/surface-protection-films-market

Comments

Post a Comment

Popular posts from this blog

Beverage Coaster Market Global Analytical Study, Growth Strategies, Size, Product Type, End User, Geography And Competitive Analysis

  Global Beverage Coaster - Market Overview: A beverage coaster is a small mat which is used for resting  beverages  upon it. Beverages coaster protects the surface, such as table from getting heated or dirty from the beverage kept in a glass, cup, bowl etc. Nowadays there has been a good demand for beverage coaster due to increase in the preferences of coffee shops, pubs, lounges, etc. by consumers where the most common food items sold are beverages. The beverage coasters are made of paper or foam which soaks the excess water of beverage cups, beer mugs, etc. and protect the surface of table. Even the beverage coaster are used for providing advertisement and trademarks of several brands. Beverage coasters are usually made of paperboard, tissue paper, foam, etc. which are expected to witness extensive growth during the forecast period 2017-2025. Global Beverage Coaster - Market Dynamics: In recent years, beverage coaster market have seen a noticeable growth due to the usage in h
Read more

Bottles Market Innovative Services And Advanced Applications, Future Growth Till 2032

  A comprehensive analysis on the Bottles market by Future Market Insights (FMI) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Material, Capacity, End Use and Configuration over the next 10-years The global bottles market  is expected to reach a market valuation of  US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032. Future Market Insights (FMI) has predicted the bottles market size to top  US$ 108 Bn  in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 million tonnes in 2015 based on research by Geyer et al. Most of the alternatives are either costlier or functionally incapable of replacing plastic. These developments are expected to have a considerable impact on the bottles market. With focus slowly shifting away from plastic as preferred material, some of
Read more

Signage Market Forecast With Potential Impact, Despite Covid-19 Pandemic, Finds FMI 2022 - 2031

  The retail industry is witnessing structural changes along with the adoption of refined strategies that will have a direct impact on the demand for signages. Highly fragmented market and increasing competition for offline stores from e-commerce businesses have resulted in changes in the conventional retail. As per a study by Future Market Insights (FMI), this will create attractive scope for the expansion of the  signage market  between 2021 and 2031. Signage for retail stores can be made in different sizes and forms based on location of installation and intent of the business, but they all have the same purpose to attract customers and increase the awareness about the brand. Signage design plays a vital part in increasing the sales of the business. Signage design is the first brand impression that many customers remember about a brand. A good signage communicates products and services of company and what can a customer can expect from the company. For instance, McDonald's em
Read more