Global TPU Type Paint Protection Film market will reach 1390 million US$ by the end of 2025
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Published Date: 2018/11/6
Paint Protection Film is also known as to as clear bra, clear paint film, PPF and clear film. TPU Type Paint Protection Film is a thermoplastic urethane film and also utilizes polymeric calendered PVC film, adhesives and clay coated paper. It is majorly applied on exposed painted automotive exteriors such as side mirrors, hoods, door edges, door handle cavities, bumpers, rocker panel, and wheel flare. The film provides protection from stone chips, bug damage, automotive fluid stains, road tar stains, scratches, and punishing outdoor weathering.
The industry is concentration, the key brand include 3M Company, Eastman, Avery Denison , XPEL, Solar Gard (Saint-Gobain), Orafol, Argotec (SWM), Sharpline Converting, Hexis Graphics (Hexis SA), PremiumShield and so on.
Asia Pacific is the leading regional market owing to shift of key automotive manufacturers coupled with an increase in number of car sales in countries such as China, India, Thailand, and Vietnam. Conventionally, North America and Europe were the major markets, however strong economic growth along with large untapped potential has resulted in strong growth of emerging economies in Asia Pacific and Latin America.
The global TPU Type Paint Protection Film market is valued at 840 million US$ in 2017 and will reach 1390 million US$ by the end of 2025, growing at a CAGR of 6.6% during 2018-2025.
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