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New report examines the protective films market worth 17.57 billion USD by 2022

New report examines the protective films market worth 17.57 billion USD by 2022

[152 Pages Report] Protective Films Market research report categorizes the global market by End-Use Industry (Transportation, Electronics, Building & Construction), Class (Self-Adhesive, Adhesive-Coated), Type (Polypropylene, Polyethylene Terephthalate, Polyethylene) & by Geography.

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The report "Protective Films Market by Class (Adhesive-Coated, Self-Adhesive), Type (Polyethylene, Polypropylene, Polyethylene Terephthalate), End-Use Industry (Building & Construction, Transportation, Electronics), and Region - Global Forecast to 2022", The protective films market was valued at USD 12.20 Billion in 2016 and is projected to reach USD 17.57 Billion by 2022, at a CAGR of 6.23% during the forecast period.

Browse 85 Market Data Tables and 48 Figures spread through 152 Pages and in-depth TOC on "Protective Films Market by Class (Adhesive-Coated, Self-Adhesive), Type (Polyethylene, Polypropylene, Polyethylene Terephthalate), End-Use Industry (Building & Construction, Transportation, Electronics), and Region - Global Forecast to 2022"

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The growth of the protective films market across the globe is fueled by increasing demand from several industries such as building & construction, due to growing demand from manufacturers for the manufacture of enhanced and more durable products, as protective films help protect surfaces from damages. The market is also driven by the increased demand from the transportation sector including both, the automotive and aerospace industries.

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The adhesive-coated protective films market is projected to grow at the highest CAGR from 2017 to 2022

The adhesive-coated protective films market is projected to grow at the highest CAGR between 2017 and 2022, as these are easier to manufacture than the self-adhesive protective films and thus lead to higher production and availability. Self-adhesive protective films, on the other hand, have a complex manufacturing process, as maintaining their peel buildup and peel resistance is more difficult due to their strong dependence on several factors, such as the molecular weight distribution of the carrier polymer, its visco-elastic nature, tackiness, and others.

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Polyethylene protective films market is projected to grow at the highest CAGR from 2017 to 2022

Polyethylene protective films have the largest market amongst the different types of protective films, which is expected to grow at the highest CAGR between 2017 and 2022. Polyethylene protective films are cheaper than other polymer resins and are suited for use with different adhesives which make them a popular choice as carrier material in the manufacture of protective films.

Moreover, polyethylene films are available in different variants such as LDPE, VLDPE, LLDPE, and co-extruded polyethylene which makes these the largest segment of the protective films market.

Among end-use industries, the building & construction segment is projected to lead the protective films market from 2017 to 2022

The building & construction end-use industry is projected to lead the protective films market during the forecast period as this industry has a wide application for protective films in the form of window profiles, glazed panels, window frames, floor, cabinets, and carpet protection, among others. The demand for protective films is expected to grow in the building and construction industry during the forecast period owing to an increase in the growth of the global construction industry, especially in emerging countries such as India, Indonesia, Thailand, and others in which high urbanization is taking place.

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The Asia Pacific region is the fastest-growing market for protective films across the globe

In 2016, the Asia Pacific region led the protective films market, in terms of value due to the increased use of protective films by different end-use industries in China, India, Japan, South Korea, and Rest of Asia Pacific. The market is specifically driven by the growing building & construction industry in rapidly growing countries such as China, India, Indonesia, and Vietnam, among others.

These countries are witnessing a high growth rate due to rapid urbanization which has led to the construction of many new mega cities in the region. The building of these new cities has led to the demand for building materials, which in turn is increasing the usage of protective films.

The region has also significant demand from the growing transportation and the electronics industries in Japan and South Korea.

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