Valley Cottage, NY -- (SBWire) -- 11/21/2017 --Surface protection films are plastic flexible films that have self-adhesive and self-adhering properties. The design of surface protection films consists of a polymer based substrate layer coated with adhesive layer. Surface protection films render longevity to products and are a cost-effective way to preserve expensive products. Surface protection films are resistant to permeation of environmental elements such as chemicals, surface eroding gaseous substances, etc. Design and technology advancements in surface protection films allow surface protection films to provide resistance against flame and extreme temperatures.
Global Surface Protection Films Market: Scenario
The construction sector is anticipated to witness the highest use of surface protection films over the forecast period. In the APEJ region, surface protection films demand is expected to gain traction with the growing middle class. Increased digital awareness has resulted in more people exploring new products such as smartphones and tablets among other household electronic gadgets.
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Surface protection films are widely used in flat displays on these gadgets, and the Asia Pacific surface protection films market is expected to enjoy healthy growth over the forecast period, in the backdrop of increased consumer electronics sales in the region.
Global Surface Protection Films Market: Regional Growth Opportunities
Countries in Latin America such as Brazil have been witnessing sluggish growth rates in the construction industry after the region was hit by one of the worst recessions in recent times. There have been signs of recovery in the regional market, although reaching a state of normalcy is expected to take time.
As the economy recovers from the losses incurred in the last three years, the region will post gains, thereby providing new opportunities for the surface protection films market as industries such as the automotive industry, consumer electronics industry, and the construction sector gather steam.
The APEJ region provides numerous opportunities for growth in the consumer electronics industry as companies look for production relocation to China. The region has witnessed a surge in tablet production. In addition, there has been a growing demand for hybrid laptops. China is reported to account for almost 45% of global electronics sales. Although at a very initial stage, demand for hybrid laptops and other consumer electronics is expected to grow well over the forecast period. This makes APEJ one of the most attractive regions for investors in the surface protection films market.
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Global Surface Protection Films Market: Growth Dynamics
Surface protection films act as complimentary products, and their demand depends on growth in demand of substrates in end-use industries. The primary factor expected to fuel growth of the global surface protection films market is a growth in the construction and consumer electronics industries.
The APEJ region provides numerous opportunities for growth of the automotive industry, with countries like India registering increase in car sales by more than 9% in the recent quarter. This, coupled with sizeable demand for electronic gadgets with flat screen panels, is expected to further bolster the regional surface protection films market.
Global Surface Protection Films Market: Forecast by End Use
Among the various end uses of surface protection films, the construction & interior segment is expected to dominate the global market during the forecast period, accounting for more than half the global market share during the 10 year period. The construction & interior segment is projected to witness an increase of 170 basis points in market share in 2027 over 2017. This is also a rapidly growing segment in the global surface protection films market and is expected to witness an incremental opportunity of US$ 549.8 Mn by 2027.
Surface Protection Films Market: Construction & Interior Anticipated to Be the Largest End Use Segment