New York, NY, Feb. 23, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Uncoated Paint Protection Film Market by Product Type (Transparent Paint Protection Film, Ultimate Paint Protection Film, Premium Self-Healing Film), For Application (Automotive Industry, Electrical and Electronics Industry, Aerospace & Defense Industry, and Others): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024”.

According to the report, the global uncoated paint protection film market is expected to exhibit a CAGR of more than 5% between 2017 and 2024. In terms of volume, the demand for UPPF is expected to reach more than 90 million square feet in 2024 at a CAGR of more than 4.5% during the forecast period.

Browse through 47 Tables & 23 Figures spread over 160 Pages and in-depth TOC on “Global Uncoated Paint Protection Film Market, 2016 – 2022: Industry Size, Share & Forecast Report”.

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Market Report Highlights

  • The rapid expansion of automotive industry across the globe is expected to drive the growth of Global Uncoated Paint Protection Film Market.
  • Rising demand for UV-curable paint protection film would drive the Global Uncoated Paint Protection Film Market.
  • Emerging economies such as China, Brazil, India, and ASEAN are expected to experience a significant market growth owing to increasing investment in automotive industry.
  • Transparent Paint Protection Film has leading share, however, yellowing and stains appearing on the film due to exposure to sun and other factors could hamper the demand for Transparent Paint Protection Film during the forecast period.
  • Premium Self-Healing Film is expected to grow at the fastest rate during the forecast period owing to various advantages such as prevention of dents, folds, and original appearance of the UPPF. In 2016, Premium Self-Healing Film generated revenues more than USD 300 Million.
  • The automotive industry is the leading application segment of UPPF since they are widely utilized in automotive industry to protect the paint from corrosion, scratches, dents, rust, and other external factors.
  • Increasing number of cars coupled with increasing trend of EVs (electric vehicles) is expected to boost the demand for UPPF in the automotive industry during the forecast period.
  • The Asia Pacific holds the dominant position in the Global Uncoated Paint Protection Film Market with more than 35% share in 2016.
  • North America and Europe together constitute around 50% share of the Global Uncoated Paint Protection Film Market.
  • Stringent regulatory and environmental laws for the adoption of UPPFs coupled with the slower adoption rate of emerging applications are expected to affect the market growth negatively.
  • Some of the materials used to produce UPPFs are not environment-friendly and have regulatory limitations on their usage in some of the developed regions.

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According to the analysts and insights shared by industry experts during primary research, increasing adoption of electric vehicles (EVs) and the introduction of innovative UPPF with multiple features would provide ample opportunities for growth of Global Uncoated Paint Protection Film market during the forecast period.

The major factors that will boost the growth of the Uncoated Paint Protection Film market are an expansion of automotive industry across the globe and rising demand for UV-curable paint protection film. The automotive sector is the largest application of UPPF and the rising number of automobiles across the globe, especially in the developing regions, would further boost the demand for UPPF from this industry.  

Browse the full ” Uncoated Paint Protection Film Market by Product Type (Transparent Paint Protection Film, Ultimate Paint Protection Film, Premium Self-Healing Film), For Application (Automotive Industry, Electrical and Electronics Industry, Aerospace & Defense Industry, and Others): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024 report at https://www.zionmarketresearch.com/report/uncoated-paint-protection-film-market

Transparent Paint Protection Film holds a major share in product type segment. This type of UPPF is clear and transparent. It does not change the color or alter the look of the painted surface. It maintains the original shade of the painted surface. Transparent Paint Protection Film is in high demand across the globe. However, yellowing and stains appearing on the film due to exposure to sun and other factors could hamper the demand for Transparent Paint Protection Film during the forecast period. Premium Self-Healing Film is expected to grow at the fastest rate during the forecast period owing to various advantages such as prevention of dents, folds, and original appearance of the UPPF. In 2016, Premium Self-Healing Film generated revenues more than USD 300 Million.

The market is developing at a rapid rate in the developing regions. The major market share for the Uncoated Paint Protection Film market was contributed by the Asia Pacific. The Asia Pacific dominates the market which is followed by North America. There is a rising awareness in the Asia Pacific regarding the benefits of UPPF in various industries such as automotive, electronics& electrical, and aerospace & defense industry among others. Increasing industrialization, automotive manufacturing, electronics manufacturing, semiconductor manufacturing, coupled with defense and aerospace activities are expected to boost the demand for UPPF in the region. China, Japan, India, ASEAN, and South Korea are some of the leading countries in the Asia Pacific to adopt UPPF.

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Some of the prominent market players in the Global Uncoated Paint Protection Film Market include 3M Company, Argotec, Avery Denison, Eastman, Hexis SA, Orafol, PremiumShield, and XPEL among others. Most of the leading manufacturers are focusing on innovating and developing self-healing and clear (transparent) Uncoated Paint Protection Film during the forecast period. The trend is to produce clear and transparent UPPF with self-healing properties.

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Global Uncoated Paint Protection Film Market: Product Type Segment Analysis 

  • Transparent Paint Protection Film
  • Ultimate Paint Protection Film
  • Premium Self-Healing Film

Global Uncoated Paint Protection Film Market: Application Segment Analysis

  • Automotive Industry
  • Electrical and Electronics Industry
  • Aerospace & Defense Industry 
  • Others

Global Uncoated Paint Protection Film Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • The Middle East and Africa
    • GCC
    • South Africa
    • Rest of the Middle East and Africa

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