Bizizz Market Research has recently published a research report, “Surface Protection Films Market By thickness Type (Up To 25 Microns, 25-50 Microns, 50-100 Microns, 100-150 Microns. and Above 150 Microns), technology (Adhesive Lamination (Dry Bond Lamination, Wet Bond Lamination, Energy Curable Adhesive Lamination, Hot Melt Seal Coating, Solventless Lamination and Others), and Coextrusion Lamination), Material (PE, PET, PP, PU, PVC and others), By colour (Transparent, Translucent, Colored/Tinted and Opaque), Application (Metal Sheets, Glass & Mirror, Prepainted Surfaces, Plastic Sheets, PVC Profiles, Furniture Surfaces, Carpet Protection and Others), End-users(Construction & Interior, Electrical & Electronics, Automotive, Industrial, Healthcare and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Surface Protection Films Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 25.4 Bn by 2027, witnessing a CAGR of 8.2 % during the forecast period. Key drivers of the market are its high durability and ease of applicability is propelling its market demand.
The global demand for surface protection films is contributed by an increased application of these tapes because of its durability and its application is at ease along with the removal. The surface protection films are generally utilized for protection against scratching and abrasion of products when produced and transported. These surface protection films have grown the life span and are of cost-effective in protecting sensitive goods. The interests in the electronic handheld gadgets are increasing rapidly, encouraging its application for surface protection films are increasing the quality needs of the display screens.
The Surface Protection Films market is anticipated to register a CAGR of over 8.2% during the forecast period.
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By End-user, Automotive segment held a key share in Global Surface Protection Films Market in 2018.
The surface protection films are applied in complementary automobile good among different end-use industries. Moreover, there is a rapid expansion of the automation industry, coupled along with the demand for consumer electronics, incorporated in the flat-screen systems. They are likely to propel the market demand for surface film protection offerings in the global market.
North America is anticipated to dominate the Global Surface Protection Films Market during the Forecast Period
The Asia Pacific region is leading in the surface film protection market is anticipated to be expanding during the forecast period. The expansion of CAGR is approximately 7.2 %. The Asia-pacific region is anticipated to be a highly profitable region in contrast to the market demand for surface protection films during the forecast period. The automotive sector is the vital contributing factor in an increase of the GDP and employment in the Asia-pacific region. . Such factors are contributing to the growth of surface protection films market along with good opportunities are propelling its market growth in the Asia Pacific region during the forecast period.
Global Surface Protection Films market was highly fragmented among the number of local and global players. The competing companies are offering innovative products coupled with business expansion strategies such as collaboration and investments that are increasing their market competency.
Prominent players operating in the Global Surface Protection Films Market are Intertape Polymer Group, LINTEC Corporation, E. I. Du Pont De Nemours And Company, Nitto Denko Corporation, 3M, Echotape, Sekisui Chemical Co., Ltd, Nitto Denko Corporation, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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