Surface protection film market forecast at $2.3 billion by 2030
Pune, India – In 2022, surface protection film sales reached a significant valuation of approximately US$ 1.5 billion globally. Looking ahead to the period from 2022 to 2030, experts anticipate a steady compound annual growth rate (CAGR) of 5.7%, propelling the market to soar to a remarkable US$2.3 billion by the close of 2030 according to Future Market Insights.
Surface protection films are specifically crafted to shield surfaces against scratches and dust, providing a protective barrier against potential damage during transportation, exposure to moisture, and the risk of excessive rust. Serving as a cost-effective solution, these films play a crucial role in extending the lifespan of objects and are widely adopted to safeguard valuable items. Notably, their resilience against environmental factors, including chemical components, further enhances their efficacy in surface protection.
The U.S. Surface Protection Films market is poised for steady growth, primarily due to the increasing demand driven by the surge in interior design activities. As disposable income levels rise and a growing number of individuals invest in home renovation projects, there is a corresponding uptick in expenditures on interior design services. This trend has a direct impact on the demand for paint protection films in the United States.
With a large consumer base and a well-established economy, the United States is expected to be a substantial contributor to the global surface protection films market’s growth. The combination of a robust economy and a population that values home improvement and interior design makes the U.S. a significant player in this industry. As long as these factors continue to thrive, the U.S. surface protection films market is likely to exhibit steady and sustained growth, reflecting the country’s economic strength and consumer preferences.
Surface protection films offer a myriad of benefits that make them indispensable across a range of sectors:
Scratch Resistance: One of the primary benefits of these films is their exceptional scratch resistance. Whether it’s a mobile phone screen or a car’s paint job, these films prevent unsightly scratches that can mar the surface’s appearance.
Durability: Designed with advanced materials, these films are highly durable and can withstand various environmental factors such as UV rays, moisture, and temperature fluctuations.
Enhanced Aesthetics: Surface protection films are virtually invisible, allowing the surface’s original texture and color to shine through. This feature is particularly crucial in industries where aesthetics play a vital role.
Cost-Effective: Applying protective films is a cost-effective solution compared to repairing or replacing damaged surfaces. This makes them an attractive option for both consumers and businesses.
Key Players include: Chargeurs S.A; Nitto Denko Corp; Tredegar Corporation; Polifilm GmbH; Bischof + Klein SE & Co. KG
Dow Corning’s has manufactured silicone-enabled protective film solutions, specially 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 for film peeling-off work, which used to be a requirement before processing in conventional protective films.
The prevalence of advanced surface protection films is rising alongside the growing adoption of new technologies like smartphones and tablets, reflecting an increase in digital literacy among individuals.
The surge in popularity of consumer electronics, coupled with the expansion of the global middle-class population, the widespread adoption of e-commerce, and continuous technological advancements, including increased internet and smartphone penetration, collectively drive the robust growth of the market.