Paint Protection Film Market Share

European Market Forecast

The market share of paint protection film in Europe, amongst the market in all the other regions, is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market in the region can be attributed majorly to the rising need for house renovation. By 2037, around 35 million buildings in the European Union could be rehabilitated. Furthermore, the automotive sector in Europe is rapidly expanding which has also contributed to the market growth. The EU is one of the world's largest automakers, and the automotive industry is the greatest private investment in research and development (R&D).

APAC Market Analysis

The Asia Pacific paint protection film market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The sales of automobiles are growing in the Asia Pacific region. Moreover, the trend for second-hand cars or used car sales is also rising, which has further boosted the demand for new paints for vehicles. Used vehicle purchases in China have more than tripled in the last twelve years, from 4 million units in 2010. Moreover, in 2021, around 18 million used cars were sold in China, representing around a 23 percent increase over 2020.