April 05, 2022 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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DUBAI, United Arab Emirates, April 05, 2022 (GLOBE NEWSWIRE) -- The global surface protection films market is anticipated to expand at a CAGR of 5.7% over the forecast period of 2022-2030. The market is witnessing a demand upsurge to protect metal & plastic sheets, glass & mirrors, pre-painted surfaces, carpets, and furniture surfaces from vibrations and dust scratches. 

Various types of surface protection films, such as transparent, translucent, and coloured/tinted films have been gaining traction over the past couple of years, attributable to the rising preference for protective packaging. Furthermore, the ability to provide chemical, UV, and abrasion resistance to several industrial and non-industrial applications is broadening the adoption of surface protection films. 

As such, the global surface protection films market is set to experience decent growth through 2030, crossing a valuation of US$ 2 Bn towards the end of the forecast period. 

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List Of Key Players Covered in Surface Protection Films Market are: 

“The growth outlook for the market seems promising, owing to excellent conformability, high adhesive strength, and abrasion-resistant attributes of surface protection films. On the other hand, sales are estimated to witness considerable decline in the next two quarters of 2020, owing to the COVID-19 pandemic across continents. Majority of revenue is realized from the construction and electronics industries. Lockdown and restrictions on import & export activities in high potential countries such as China and India have created an adverse impact on these Industries. This will hinder the growth of the surface protection films market in the near term. However, shifting inclination towards the adoption of protective packaging solutions will boost the demand for surface protection films over the coming years.”  

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Focus of Prominent Manufacturers on Market Consolidation  Leading players in the global surface protection films market are focusing on strengthening their foothold in the landscape by expanding their business footprints. Manufacturers are also enhancing their production capacities through strategic mergers & acquisitions.  For instance, 

Key Takeaways from Surface Protection Films Market Study 

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Regional Insights  Growing disposable income, combined with rising popularity in renovating homes, has fueled expenditures in interior design services, these factors driving demand for paint protection films in the U.S.  The China surface protection films market = is expected to be a prominent market during the forecast period. The automotive sector is one of the key contributors to GDP and employment in China. 

Surface Protection Films Market By Region: 

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