Report Code: A08990 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Protective Films Market
Request Now !A protective film is made up of plastic intended for the purpose of covering surfaces. These films prevent the covered surfaces from damages such as corrosion, scratches, vermin attack, and water spillage. They are used in the automotive industry, transportation industry, apparel industry, and electronics industry. The growth of the protective films market is majorly attributed to the growth in industries where protective films find extensive application. Majority of the demand for protective films is observed from Asia-Pacific owing to significant growth in the building and construction sector in emerging countries such as India, China, and Indonesia.Â
COVID-19 scenario:
The growth of the protective films is due to the increase in different industries such as building and construction, packaging, transportation, automotive among others, which find application of protective films. Adhesive- coated protective films are based on polymers such as propylene, polyvinyl chloride, polyethylene among others, is the most commonly used. Its popularity is due to ease in manufacturing and low cost, and hence results in more production and is readily available. Adhesive-coated films are also very much compatibles with various substrates, making them more adoptable and preferred.
Self- adhesive films, on the other hand, have a complex and tedious process of manufacturing. Global demand for protective films can be seen rising owing to the increased shelf life of the products on that are covered with protective films. This is because the protective films prevent the covered products from scratches, corrosion, weather impact and chemical impact. Manufacturers are very aware about the possible damages to their products and hence, cover them with protective films to make them more durable and sturdy.Â
Products which are sensitive to sun rays and weather changes require a protective barrier to protect the product from possible damages. This increases the demand for protective films. Global demand for protective films is also driven by its extensive use in the industrial and construction activities, especially in the developing countries. Also, the rapidly growing demand for smart phones has extensively contributed to the growth of the protective films market. This can be attributed to the use of polyester protective films to protect the smart phone surface from scratches and protecting the touch sensors from getting damaged.Â
In January 2020, Fraunhofer Institute for Microstructure of Materials and Systems (IMWS) and POLIFILM EXTRUSION collaborated to devise biopolymer protective films which help to protect the packaged food from microbiological influence.Â
However, it is difficult to recycle polymer based protective films. These protective films are considered non- degradable due to their non- recyclability. This also implies that they have a heavy impact on the environment. These factors can hinder the market growth of the protective film market.
Asia-Pacific dominates the protective films market. In the developing countries like India and China, growth of the construction industry due the rapidly increasing population and urbanization can be attributed to the growth of the protective films market in the region. Countries in the Asia- Pacific being production hubs for various products, lead to the increase in demand for protective films to be used in the packaging of the products. The changing life styles and better standard of living has given rise to the demand for automotive and electronics, which in turn drive the demand for protective films market.Â
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Protective Films Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Dupont (US), 3M (US), Saint-Gobain (France), Toray Industries Inc. (Japan), Aver, Dennison (US), Arkema (France), Polifilm Group (Germany), Nitto Denko Corporation (Japan), Chargeurs (France), Hitachi Chemical Co., Ltd. (Japan) |
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