The protective films market is projected to reach USD 17.57 Billion by 2022, at a CAGR of 6.23% from 2017 to 2022. The demand for protective films is rapidly increasing globally, as use of these films increases the shelf-life of products on which these are applied. This trend is observed in many end-use industries such as building &construction, transportation which include the automotive and aerospace sectors, electronics, packaging, and others, wherein the consumption of protective films is expected to see robust growth.
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New product launches, expansions, and mergers & acquisitions are the key growth strategies adopted by market players to maintain and enhance their positions in the protective films market. The growth of the protective films market can be attributed to the increased demand from the building and construction and transportation industries.
Major manufacturers of protective films, including Nitto Denko Corporation (Japan), Saint-Gobain (France), 3M (US), Chargeurs (France), DuPont (US), Arkema (France), Avery Dennison (US), Hitachi Chemical (Japan), Toray Industries, Inc. (Japan), and Polifilm Group (Germany) have been profiled in this report on the protective films market. These companies have adopted several strategies, such as new product launches, expansions, and acquisitions to strengthen their positions in the protective films market.
Nitto Denko Corporation (Japan) is one of the most active players in the protective films market. It develops various types of protective films based on different carrier materials such as polyolefin, PVC, and others and these films are applied on different substrates such as metals, plastics, aluminum panels, and others. These substrates are used in different end-use industries, such as electronics, building & construction, and transportation, among others. The company has adopted the acquisitions strategy during the past five years to enhance its position in the market. As a part of its strategy, in July 2016, Nitto Denko acquired the product line of functional films from Nolax Holding A.G (Switzerland) which are used in automotive side curtain airbags.
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Saint-Gobain (France) is another company that has established a strong foothold in the protective films market. Saint-Gobain markets two product lines, CHEMFILM and NORFILM protective films, catering to a wide range of industries. The company has adopted the acquisitions and new product launches strategies to further cement its status in the protective films market. As part of its strategy, the company acquired 100% equity capital of TekBond (Brazil). TekBond is a supplier of adhesives, sealants, tapes, and masking tapes, which enabled Saint-Gobain expand its protective film business in Brazil.
