Surface Protection Films Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Surface Protection Films Market Size is anticipated to be valued at USD 2,085.3 million in 2021 and is expanded to grow at a significant CAGR of 5.1% over 2022-2028. An increase in demand for surface protection films in construction activities drives the market. Construction projects in developing countries contribute to air pollution, which releases various dust particles that contaminate a variety of items. Surface protection films are helpful in this situation because they protect the product’s surface while also decreasing wear and tear. Protective films are complementary goods whose demand is influenced by the increasing need for substrates in the end-use sector. These elements are expected to aid in the market’s progress. Increasing focus on infrastructure improvements in various sectors, particularly in developing countries, construction activities have witnessed a significant rise in demand for surface protection films. Surface protection films are used as complimentary items, coupled with their demand directly affected by the popularity of substrates in several end-use sectors. Moreover, the increasing expansion of the automation industry, along with demand for connected consumer devices embedded with flat-screen systems, are likely to catalyze the popularity of the surface protection films market. In 2021, the Polyethylene (PE) segment accounted for larger revenue share and was projected to grow with a CAGR of 5.0% from 2022 to 2028. This is because polyethylene protective films are composed of the polyethylene polymer, which is the most widely accessible and least expensive polymer among protective films.

Recent Market Developments:

In March 2022, Pregis, 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.