Paint Protection Film Market Size is projected to reach USD

New York, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) — Paint protection films or PPF act as a barrier for automobiles to prevent scratches, chips, stains, and other damaging elements to the external structure. PPFs do not change any external outlook of the structure. They can protect against a wide range of elements such as UV exposure, mineral deposits, and environmental conditions such as UV rain. Paint protection films are often found as a visually clear substance and are available in the form of many colors.

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Booming Automotive Sector to Contribute to the Growth of the Market

The global automobile sector is a huge contributor to the growth of the global paint protection film market. The expanding automobile sector, coupled with supportive government policies for safety and carbon emissions, will further increase the footprint of the market. Increasing population and rapid urbanization will play a pivotal factor in increasing vehicular sales across the globe. The procurement of automobiles will become substantially simple with easy to secure car loans with attractive interest rates. Growing investments in manufacturing hubs and advancements in technology related to production will further amp the capacity of the global automotive sector, triggering a substantial boost for the global paint protection film market during the forecast.

Impact of COVID-19:

The global pandemic negatively affected the paint protection film market. Nationwide lockdowns and disruptions in the supply chains led to the shrinking of the market notably. A majority of resources were reallocated towards the healthcare sector as cases began increasing during the initial stages of the pandemic. Paint protection films were deemed non-essential services and suffered a substantial economic backlash. The workforce was…