According to Research and Markets, the protective films market is projected to grow at a CAGR of 6.23% through 2022. Set to reach $17.57 billion, take a closer look at this market, including its types, growth drivers and leading regions.
Types of Protective Films
Protective films are divided into adhesive-coated and self-adhesive segments. Adhesive-coated films in particular are projected to account for the largest share and are the most commonly used. These types of films are based on the following polymers:
- Polyethylene terephthalate
- Polyvinyl chloride
Easier to manufacture than self-adhesive protective films, they also can offer cost advantages.
Of the polymers used in adhesive-coated formulations, the report cites polyethylene will be the most prominent through 2022. This is due to its:
- Suitability with various adhesives (water, acrylic, solvent)
- Compatible with substrates where protective films are applied
Protective Film Growth Drivers
In addition to their suitability with various adhesives, protective films are seeing an increased demand in the following markets:
- Building and construction
This is due in large part to manufacturers becoming increasingly more conscious about protecting their products from dirt, scratches and chemicals in an effort to make them more durable.
They are also seeing increased use in the aftermarket given their abilities to protect from:
Leading Protective Film Regions
As cited in Research and Markets, the Asia Pacific region will likely lead the protective films market during this time period. This is mainly due to rapid urbanization and construction development in China, India and other countries, such as Indonesia and Malaysia.
Additionally, Japan and South Korea are causing an increase in protective film demand due to their growing transportation and electronic industries.
Smart Protective Film Solutions
Bostik, an Arkema company, manufactures smart solutions that work well for many protective film formulations. For more information, visit www.bostik.com.