Global Adhesion Laminated Surface Protection Films Market
Adhesion laminated surface protection films are protective films that are produced with a laminated adhesion film on a substrate layer forming a hardened layer of film helping provide enhanced protection to the surface that these films are applied upon. These films prohibit the effects of friction on the surface, while they result in enhancement of the surface appeal.
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The main factors behind the growth of the market are:
- Rising demand of these films for construction and interior activities: Due to the high levels of protective benefits associated with these films, a majority of the applicable sectors have grown aware regarding the availability of this product and hence, their demands have been affected positively. Especially, the demands from construction and interior applications have been significant considering the fact that there are wide-spread construction activities taking place in the different regions of the world which have been subsequently caused by a rise in the disposable income of individuals and expansion of organizations
- Growing popularity of consumer electronics products: Another factor that has had a significantly positive impact on the growth of the market is the wide-spread utilization of consumer-electronic goods which have initiated the utilization of these films to protect the surface integrity and overall aesthetic appeal for a longer duration. These products require extra care and protection as they are created in a sophisticated way. Manufacturers of these products have also initiated the adoption of more light-weight raw materials which have resulted in enhanced requirements for protective films and solutions
The market is segmented on the basis of product thickness as up to 25 microns, 25-50 microns, 50-100 microns, 100-150 microns, above 150 microns; lamination technology as dry bond lamination, wet bond lamination, energy curable lamination, hot melt seal coating, solventless lamination, others; end-user industry as construction & interior, electrical & electronics, automotive, industrial, healthcare, others.
Some of the recent market developments are as follows:
- In February 2019, POLIFILM PROTECTION announced that they had acquired the business division of POLI-FILM Australia Pty Limited. The acquired business operations have been integrated into a new business offering by the name, “POLIFILM Australia Pty Limited, which will deal in the distribution of protective films provided by POLIFILM PROTECTION throughout Australia. This acquisition will significantly enhance the offerings and presence of POLIFILM globally
- In August 2018, XPEL, Inc. announced that they had acquired from E-Shields Health three franchisees of Protex as well as associated assets. Along with these acquisitions which will enhance the presence of XPEL, Inc. in specialized locations the company also announced that they are planning to inaugurate a distribution center situated in Calgary, Alberta, Canada which can provide better solutions to their customers
“According to Data Bridge Market Research, global adhesion laminated surface protection films market is expected to be growing at a steady CAGR of 4.57% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are NITTO DENKO CORPORATION, Henkel Adhesives Technologies India Private Limited, tesa Tapes (India) Private Limited, DuPont de Nemours, Inc., Saint-Gobain Performance Plastics, Avery Dennison Corporation, LINTEC Corporation., ECHOtape., SEKISUI CHEMICAL CO., LTD., ECOPLAST LTD, Possible Polymer, Surface Armor, Specialty Polyfilms Pvt. Ltd., Permapack AG, Pentaflex, Protective Film, LyondellBasell Industries Holdings B.V and others.
One of the major benefits available to the market players is the utilization of environmental-friendly resins available to the manufacturers which has resulted in a majority of the immediate consumers promoting their products by marketing this benefit in their own product offerings. This opportunity is creating a valuable focus of meeting the stringent regulatory requirements of the authorities that are focused on green environmental product offerings