I. Global market capacity and compound growth rate
The size of PPF market in 2016 was about 12.2 billion US dollars, and it is expected to reach 17.57 billion US dollars by 2022, with a compound annual growth rate of 6.23%.
II. The application field
1) Automobile (70 percent)
Automotive is the most prominent application field in 2018, accounting for about 70% market share of paint protective film. Rapid industrialisation combined with increasing demand for transport has been stimulating demand for passenger and commercial vehicles, driving growth. In addition, increased awareness of vehicle maintenance will also support the growth of the lacquered protective film market.
2. Aviation and Defense (15%)
The second largest market share of lacquer protective film is in the field of air transportation, and the demand for lacquer protective products used in flight instruments will increase greatly, accounting for about 15% market share.
3. Electronics (8 percent)
This application field has been dominated by Europe and The United States. In order to maintain the daily use of electronic products, including computers, laptops, tablets, TELEVISIONS, refrigerators and other products, paint protective film is usually equipped, accounting for about 8% of the market capacity.
4. Other Fields (7%)
Other application areas include:
(1) Sports equipment, watches, helmets, skis and surfboards, etc
(2) Energy, medical devices and construction industries
(3) Marine applications, including ships, yachts, deep-sea mining and exploration, offshore oil and gas production, offshore safety equipment and offshore wind energy equipment, etc
