Paint Protection Film Market Size, Emerging Trends and Outlook to 2022: Hexa Reports

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Paint Protection Film Market Analysis, Share and Size,

Emerging Trends, Overview and Outlook, Growth And

Segment Forecasts To 2022

The global paint protection film market is expected to reach USD 1.49 billion by 2022, according to a

new report by Grand View Research, Inc. Growth of automotive industry coupled with rising consumer

awareness regarding car protection is expected to remain key factors driving growth.

Increasing application scope across key end-use industries such as electrical & electronics and aerospace

& defense is expected to further contribute towards industry growth. Changing lifestyle along with shift

in preference towards look of the vehicle is also anticipated to positively influence growth.

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Increasing per capita disposable income in emerging economies of Asia Pacific and Latin America

coupled with advent of technologies such as internet connected cars is expected to fuel automotive

sales and in turn compliment paint protective film market growth.

Automotive emerged as the leading application segment and accounted for over three quarters of total

demand in 2014. It is also expected to witness highest CAGR of 6.4% from 2015 to 2022. Increasing

demand from heavy-duty vehicles owing to longer shelf life of these films is expected to drive

application segment growth.

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Further key findings from the report suggest:

Global paint protection film market demand was 1,103.4 thousand sq. meters in 2014 and is expected to

reach 1,659.5 thousand sq. meters by 2022, growing at a CAGR of 5.3% from 2015 to 2022.

Aerospace & defense accounted for over 10% of total market volume in 2014. Increasing defense sector

investment in countries such as China, India and Russia is expected to drive application segment growth

at a CAGR of...