Stratview Research has published a new report titled “Protective Films Market” which is segmented by Class Type (Adhesive-Coated Protective Films and Self-Adhesive Protective Films), by Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, and Others), by End-Use Industry Type (Building & Construction, Transportation, Electronics, Packaging, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market size was expected to grow from USD 12.75 billion in 2021 to USD 19.48 Billion by 2028 at a healthy CAGR of 6.1% during the forecast period of 2022-2028.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Class Type
The Adhesive-coated Protective Films segment held the larger share of the market in 2021 and is expected to remain dominant during the forecast period.
The market is segmented as adhesive-coated protective films and self-adhesive protective films. The adhesive-coated protective films have easier manufacturing process as compared to self-adhesive protective films and are more compatible with various substrates, such as glass, metals, and plastics, which are responsible for driving the growth of this segment.
By Type
The Polyethylene Segment is expected to remain the largest as well as the fastest-growing type during the forecast period.
The market is segmented as polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, and others. Polyethylene films are available in different variants such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and co-extruded polyethylene. Polyethylene protective films are cheaper as compared to other polymer resins and are compatible with different adhesives, due to which they are mainly chosen for the manufacturing of protective films.
By End-Use Industry Type
The Building and Construction segment dominates the market, as the construction industry is growing in emerging economies.
The protective films market is segmented as building & construction, transportation, electronics, packaging, and others. Further, these protective films are used in various applications of a building, such as window frames, floors, carpets, cabinets, and glazed panels, which are propelling the growth of the segment during the forecast period.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the largest as well as the fastest-growing market for protective films during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities.
The growth of the market is driven by the growing building & construction industry, due to rapid urbanization, increasing production of automotive and electronics goods, which is generating huge demand for protective films, and the presence of a large number of protective film manufacturers in the Asia-Pacific region. Europe and North America are also expected to offer significant growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Protective Films Market:
- Nitto Denko Corporation
- Saint-Gobain S.A.
- The 3M Company
- Chargeurs Reunis
- E.I. Du Pont De Nemours and Company.
Key questions answered by the report:
- What is the projected CAGR for revenue from the Protective Films Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Protective Films Market?
- Which are the major market players?
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