The report on the Protective Films Market 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). The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2021-2026.
Market Insights
The Protective films market is likely to witness an impressive CAGR of 5.5% during the forecast period. The prime factor that is contributing to the demand for protective films is mainly their increasing demand from different end-use industries, such as building & construction, transportation, and electronics.
Key players
Some of the major players operating in the global Protective Films Market are-
- Nitto Denko Corporation
- Saint-Gobain S.A.
- The 3M Company
- Chargeurs Reunis
- E.I. Du Pont De Nemours and Company.
Report Features
The report provides critical insights into the market dynamics that enable strategic decision-making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure reflects the value chain of different commodities in the market.
- Drivers and Constraints – as both can affect any element of the marketing mix – product, budget, and place, etc.
- Market Forecast – a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand’s strategy.
- Growth strategies – allowing a small business to survive unexpected changes, grow into a bigger entity, and gain a greater competitive advantage.
Segments’ Analysis
By Class Type
The market is segmented into adhesive-coated protective films and self-adhesive protective films. The adhesive-coated protective films segment held the larger share of the market in 2020 and is expected to remain dominant during the forecast period. The adhesive-coated protective films have an 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 market is segmented as polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, and others. The polyethylene segment is expected to remain the largest as well as the fastest-growing type during the forecast period. 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 protective films market is segmented as building & construction, transportation, electronics, packaging, and others. The building and construction segment dominates the market, as the construction industry is growing in emerging economies. 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.
Regional Trends
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.
Critical Questions Answered in the Report
- What are the key trends in the global Protective Films Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the global Protective Films Market?
- What are the key strategies adopted by the major vendors to lead in the global Protective Films Market?
- What is the market share of the top vendors?
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