Surface Protection Film Market Set to Surge to US$2.3 Billion by 2034, Driven by Technological Advancements and Renovation Projects

In 2024, the surface protection film market is poised to reach approximately US$1.5 billion, with projected sales growing at a robust CAGR of 4.6% through 2034, ultimately reaching a valuation of US$2.3 billion. This growth trajectory is largely attributed to escalating construction activities and rapid urbanization, especially in developing countries. Surface protection films find extensive applications across sectors like consumer electronics and automobiles, safeguarding surfaces from damage effectively.

The global demand for electronic devices continues to surge, further propelling the market expansion. Despite pandemic-induced construction slowdowns, investments in chemical and polymer processing sectors present lucrative opportunities for market participants, promising sustained growth.

Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4470

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.

“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.”

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,

•          In March 2022, Pregis a North America-based manufacturer, acquired Italian temporary protective films manufacturer Soprad. The company Soprad is a manufacturer and supplier of performance-oriented adhesive protective films for a variety of surfaces, including metal, plastic, glass, and carpets.  In July 2021, the company launched cost-effective, temporary surface protection films specifically-designed for a new generation, fingerprint-resistant or speciality-coated products.
•          In August 2021, Chargeurs S.A. acquired OMMA Srl., one of Italy’s leading manufacturers of application machines for surface protection films.
•          In June 2021, Bischof + Klein SE & Co. KG set up a new extrusion coating line. This is expected to increase the output and enable complete omission of solvents.

Get In Touch With Our Team For a 20% Flat Discount

Key Segments:

By Technology :

•          Adhesion Lamination
•          Dry Bond Lamination
•          Wet Bond Lamination
•          Energy Curable Adhesive Lamination
•          Hot Melt Seal Coating
•          Solventless Lamination
•          Others
•          Coextrusion Lamination

By Colour :

•          Transparent Surface Protection Films
•          Translucent Surface Protection Films
•          Coloured/Tinted Surface Protection Films
•          Opaque Surface Protection Films

By Application :

•          Metal Sheets
•          Glass & Mirrors
•          Prepainted Surfaces
•          Plastic Sheets
•          PVC Profiles
•          Furniture Surfaces
•          Carpet Protection
•          Others

By Industry :

•          Construction & Interiors
•          Electrical & Electronics
•          Automotive
•          Industrial
•          Healthcare
•          Others

Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/4470

Report Objectives

•          To analyze and forecast the global Surface Protection Films market size in terms of value and volume
•          To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
•          To define, describe, and forecast the market by type, material, and application
•          To forecast the market size with respect to five main regions: Asia Pacific (APAC), the Middle East & Africa, Europe, North America, and South America
•          To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
•          To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing market growth
•          To strategically profile the key players and comprehensively analyze their market shares and core competencies
•          To analyze competitive developments in the market, such as investments & expansions, new product developments, partnerships & collaborations, and mergers & acquisitions

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports