Surface Protection Films Market to Hit US$ 2 Bn in 2028
Following a healthy growth curve, the surface protection films market value will surpass US$ 2 Bn during the latter half of the forecast period (2020-2030). Prominently set by application in the construction and automotive sectors, demand for surface protection films is likely to be spurred by the consumer electronics industry. Market players are highly focused on innovating their product portfolios as well as offering additional features in order to extend the applicability of surface protection films.
Surface Protection Films Market: Key Insights
- Glass & mirrors remain primary application of surface protection films; furniture surfaces to offer white spaces.
- Preference for polyethylene (PE) remains intact, owing to its excellent mechanical properties.
- Manufacturers would reap bigger margins from the construction and interiors sectors.
- Western Europe would remain in the driver’s seat; Market in Asia Pacific excluding Japan (APEJ) to reflect lucrative prospects.
- Rapid growth of consumer electronics industry would further offer new revenue lines to market players.
KEY FACTORS SHAPING SURFACE PROTECTION FILMS MARKET
High Demand from Construction Industry to Provide Exceptional Surface Protection
Surface protection films are predominantly used in the construction and interiors industry to provide temporary protection to hard surface flooring, synthetic carpets, and also guard against construction debris and damage. The global building and construction industry has exhibited healthy growth over the last few years, and this is expected to continue in the foreseeable future. Growing number of infrastructure development programmes such as urban expansion programs and rural housing schemes across emerging countries are anticipated to play a pivotal role in increasing the demand for surface protection films. Furthermore, the demand for these surface protection films is projected to rise in the future, owing to their consistent use for carpet and floor protection during commercial and residential painting applications.
However, the coronavirus (COVID-19) pandemic is spreading across continents, with epidemiological numbers increasing exponentially. Witnessing the alarming situation, governments across the world have imposed lockdowns and restrictions on import and export activities in highly lucrative regions. As such, the construction industry has been under constant pressure due to the logistics paralysis. This, in turn, will have an adverse effect on the surface protection films market.
New Product Formulation Emerges as New Strategy in the Market
Prominent manufacturers is the surface protection films market are focusing on product development to reinforce their market positions. These manufacturers are innovating their product lines and offering innovative products with additional features to cater to a wider array of applications. For instance,
- In October 2019, Garware Polyester Limited, an India-based polyester films manufacturer, introduced self-healing paint protection films that offer the highest level of impact resistance.
- Similarly, Dow Corning’s has manufactured silicone-enabled protective film solutions, especially designed for the growing electronic devices industry. The company has added desirable features such as low adhesion, low migration silicone PSAs, and high-performance silicone hard coating. These features are deemed suitable for modern touchscreen display panels, which have quickly gained market share
- Nitto Denko Corporation’s surface protection films are specifically designed for laser processing LASERGUARD series, with emphasis on features such as no chlorine-based gas emissions during laser machining, smoother finishing, with no need of film peeling-off work, which used to be a requirement before processing in conventional protective films.
Asia Pacific to Remain Prominent in Surface Protection Films Market
The Asia Pacific surface protection films market is expected to be a prominent market during the forecast period. It is expected to exhibit a CAGR of 7% during the forecast period. The automotive sector is one of the key contributors to GDP and employment in the Asia Pacific region. As the region consists of many developing countries, it registers impressive GDP growth annually. Therefore, the surface protection films market has huge opportunities for growth in the Asia Pacific region.
Surface Protection films Market: Structure Analysis
- Chargeurs S.A, Nitto Denko Corp, Tredegar Corporation, and Bischof + Klein SE & Co. KG companies are the largest and most experienced in the global surface protection films market.
- Leading manufacturers are adopting expansion and merger strategies to expand their businesses and product portfolios.
- Product development and new product launches are key trends followed by prominent manufacturers in the surface protection films market.
- For Instance, in July 2019, Polifilm GmbH launched new ultra-thin and highly transparent prestretch manual films. The company is extending its prestretch film range by highly transparent 5 µm manual film.
- Prominent end-use industries such as construction & interiors, electrical & electronics, and automotive are generating substantial demand for surface protection films across continents.
- The global surface protection films market is fragmented in nature, with key manufacturers focusing on providing tailored solutions as per end-use industry demand.
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Report Metrics |
Details |
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Base Year |
2019 |
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Historical Period |
2015-2019 |
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Forecast Period |
2020-2030 |
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Market Value in 2019 |
US$ 1.2 Bn |
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Segments Covered |
Thickness, Technology, Material, Colour, Application, and End use |
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Regions Covered |
North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan |
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Key Companies |
Chargeurs S.A, Nitto Denko Corp, Tredegar Corporation, Polifilm GmbH, Bischof + Klein SE & Co. KG, Surface Guard Inc., Ecoplast Ltd, DUNMORE Corporation, Grafix Plastics, Surface Armor LLC, LAMIN-X Protective Films, Pelloplast OY, Sun Packaging, Aristo Flexi Pack, Alvest SAS, MacDermid Autotype Ltd, Wanjie New Material Company, Foshan City Shunde District Hualibao, Jiangyin Hengfang Imp. & Exp. Co., Ltd, Shandong Jiarun New Material Co. Ltd, and DUTE Industrial Group |
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Growth Drivers |
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PE Continues to Gain Prominence
Manufacturers continue to bank on polyethylene (PE) for developing surface protection films, given their cost-effective and excellent resistance attributes. Although PE-based surface protection films will register around US$ 1 Bn in 2030, they are likely to falter in the years ahead, as polymer exhibits a low recyclability rate. Polyethylene terephthalate (PET), on the other hand, offers greater rigidity and recyclability as compared to other materials, and thus, will experience notable upsurge in its usage for developing surface protection films. This study further states that, over half of surface protection films are either made from PE or PET.
Western Europe in the Lead; APEJ to Follow Closely
Western Europe, capturing around one-third of overall market value, continues to engage surface protection film manufacturers. While Germany is shaping the regional market growth, the market in Spain is exhibiting rapid growth. Further, the U.K. will outperform France, in terms of value creation, towards the end of the projection period. Market players are also driving their attention towards Asia Pacific (excluding Japan), given the upswing in production of automobiles and top-line growth of the consumer electronics industry, especially in China, and India.
Product Innovation - Key Differentiating Strategy
Players in the surface protection films market must focus on innovating their product lines in tandem with additional features to cater to a wider array of applications. For instance, Dow Corning’s has manufactured silicone-enabled protective film solutions, especially for the flourishing electronic devices industry. The company offers additional features such as low adhesion and migration silicone PSAs, as well as high-performance silicone hard coating, which are suitable for touchscreen display panels. Manufacturers that create distinctive capabilities and invest in product innovation will be better positioned for increased margins.
High preference for 50-100 microns thickness
Demand for 100-150 microns thickness to surge
Adhesion lamination remains highly preferable
Coextrusion lamination to gain momentum
PE holds leading value share
PET to show noteworthy CAGR
Surging adoption in Construction & interior industry
Adoption in electrical & electronics industry to drop
How Growth will Unfold
Over half of total market value would be realized by the construction & interiors sector, wherein, surface protection films are leveraged to provide temporary shielding to hard surface flooring, synthetic carpets, and also protection against construction debris and damages. The electrical & electronics industry is also reflecting value-capture opportunities, underpinned by rapid penetration of consumer electronics, worldwide. While the automotive sector is witnessing a gradual decline, especially in the U.S. and China, market players are unpacking growth potential in the healthcare industry.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
A recent market study published by FMI on the surface protection films market includes global industry analysis of 2015-2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters, growth prospects of the surface protection films market are obtained with maximum precision.
Surface Protection Films Market Taxonomy
The global surface protection films market is segmented in detail to cover every aspects of the market, and present a complete market intelligence approach to the readers.
Thickness
- Up to 25 microns
- 25-50 microns
- 50-100 microns
- 100-150 microns
- Above 150 microns
Technology
- Adhesion Lamination
- Dry bond lamination
- Wet bond lamination
- Energy curable adhesive lamination
- Hot melt seal coating
- Solventless lamination
- Others
- Coextrusion lamination
Material
- PE
- PET
- PP
- PU
- PVC
- Others
Colour
- Transparent
- Translucent
- Coloured/tinted
- Opaque
Application
- Metal sheets
- Glass & mirror
- Prepainted surfaces
- Plastic sheets
- PVC profiles
- Furniture surfaces
- Carpet protection
- Others
End-use Industry
- Construction & interior
- Electrical & electronics
- Automotive
- Industrial
- Healthcare
- Others
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- MEA
- Japan
What's Included
The report initiates with an executive summary of the surface protection films market, which includes key findings and statistical analysis of the market. It also includes the demand and supply-side trends pertaining to the surface protection films market.
Readers can find the definition and detailed taxonomy of the surface protection films market in this chapter, which will help them understand the basic information about the surface protection films market. Along with this, comprehensive information pertaining to surface protection films and their properties are provided in this section. It also highlights the inclusions and exclusions to help readers understand the scope of the market report.
This chapter highlights the opportunity analysis for the surface protection films market. Moreover, readers will understand key trends followed by leading manufacturers in the surface protection films market.
This section explains the global market value analysis and forecast for the surface protection films market during the forecast period of 2020-2030. This chapter includes a detailed analysis of the historical surface protection films market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030). Along with this, pricing analysis of the market at the regional level has also been provided in this section. It also explains the global market volume analysis and forecast for the surface protection films market during the forecast period of 2020-2030.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the surface protection films market over the forecast period. Along with this, the section also highlights the Porter’s five forces, forecast factors for the surface protection films market. It also includes value chain analysis.
This chapter provides details about the surface protection films market based on the thickness, and has been classified into up to 25 microns, 25-50 microns, 50-100 microns, 100-150 microns, and above 150 microns. In this chapter, readers can understand the market attractiveness analysis based on thickness.
Based on technology, the surface protection films market is segmented into adhesion lamination and co-extrusion lamination. Adhesion lamination is further sub-segmented into dry bond lamination, wet bond lamination, energy curable adhesive lamination, hot melt seal coating, solventless lamination, and others. In this chapter, readers can find information about key trends and developments in the surface protection films market and market attractiveness analysis, based on technology.
This chapter provides numerous details about the surface protection films market based on material, and has been classified into PE, PET, PP, PU, PVC, and others. In this chapter, readers can understand the market attractive analysis based on Material
This chapter provides details about the surface protection films market based on colour, and has been classified into transparent, translucent, coloured/tinted, and opaque. In this chapter, readers can understand the market attractiveness analysis based on colour
This chapter provides details about the surface protection films market based on application, and has been classified into metal sheets, glass & mirrors, pre-painted surfaces, plastic sheets, PVC profiles, furniture surfaces, carpet protection, and others. In this chapter, readers can understand the market attractiveness analysis based on application.
This chapter provides details about the surface protection films market based on end-use industry, and has been classified into construction & interior, electrical & electronics, automotive, industrial, healthcare, and others. In this chapter, readers can understand the market attractiveness analysis based on end use.
This chapter explains how the surface protection films market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, the Middle East and Africa (MEA), and Japan.
This chapter includes detailed analysis of the North America surface protection films market growth, along with country-wise assessment that includes the U.S. and Canada. Readers can also find the regional drivers, restraints, and market growth based on thickness, technology, material, colour, application, end-use industry, and countries in North America.
This chapter provides the growth scenario of the surface protection films market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Important growth prospects of the surface protection films market in several countries such as Germany, the U.K., France, Spain, Italy, Benelux, and the rest of Europe are included in this chapter.
This chapter highlights the growth of the surface protection films market in Eastern Europe by focusing on Russia, Poland, and the rest of Eastern Europe. This section also helps readers to understand key factors that are responsible for the growth of the surface protection films market in Eastern Europe.
This chapter highlights the growth of the surface protection films market in APEJ by focusing on China, India, ASEAN, Australia & New Zealand, and the rest of APEJ. This section also helps readers understand key factors that are responsible for the growth of the surface protection films market in APEJ.
This chapter provides information about how the surface protection films market will grow in major countries in the MEA region such as GCC, South Africa, North Africa, Turkey and the rest of MEA, during the forecast period of 2020-2030.
This chapter provides information about how the surface protection films market will grow in Japan during the forecast period of 2020-2030.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the surface protection films market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the surface protection films market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Chargeurs S.A, Nitto Denko Corp, Tredegar Corporation, Polifilm GmbH, Bischof + Klein SE & Co. KG, Surface Guard Inc., Ecoplast Ltd, DUNMORE Corporation, Grafix Plastics, Surface Armor, LLC, LAMIN-X Protective Films, Pelloplast OY, Sun Packaging, Aristo Flexi Pack, Alvest SAS, MacDermid Autotype Ltd, Wanjie New Material Company, Foshan City Shunde District Hualibao, Jiangyin Hengfang Imp. & Exp. Co., Ltd, Shandong Jiarun New Material Co., Ltd, and DUTE Industrial Group.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the surface protection films market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the surface protection films market. The report scope focuses on surface protection films consumed in the packaging industry.
How the research was conducted?
Primary Research
- C-Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Association Publications
- Annual Reports, Publications, Economic Research Papers, and Report by DOE
- World Bank, IMF, EPA, Trade Map, UN Comtrade and government websites
- Magazine and articles published by ASME
- Industry Experts and Association Members
- Manufacturer of Surface protection films
- Industry Professionals
- Surface Protection Films Suppliers
Primary Interview Splits
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