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Global Masking Protective Film Market Potential with CAGR of 4.89% - QYResearch Report

Author: QYResearch  |   Published Date: 2021-05-11   |   Views: 76



According to the QYResearch latest research, the 2021 growth of Masking Protective Film will have significant change from previous year. It is estimated that global Masking Protective Film market size will be a year-over-year revenue growth rate of 10.34% in 2021, from US$ 828.64 million in 2020. Over the next five years the Masking Protective Film market will register a 4.89% CAGR in terms of revenue and the global market size will reach US$ 1160.79 million by 2026.

Masking protective film is a kind of masking product. It is mainly used for masking paint, masking coating and interior decoration when spraying cars, ships, trains, cabs, furniture, and other products.

 

Global Masking Protective Film Market- Key Players

3M, Dow Inc., Wacker Chemie, PPG Industries, Sherwin-Williams, Kraton Corporation, General Chemical Corporation, RKW Group, Dulux, Evans Coatings, are some of the key players, functioning in the global Masking Protective Film market. The industry is highly fragmented with numerous manufacturers engaged in the industry. The top 3 players are Dow Inc., Wacker Chemie, PPG Industries, which only accounted for 12.77% share in 2020. For manufacturers that have already entered, they need to constantly raise the technical threshold to prevent more companies from entering; by reducing costs and reducing prices, they will quickly occupy the market, develop incremental customer markets, and establish market share advantages; create a brand image and lay an advantage for entering the consumer goods market. Only in this way can they have a larger market share of capital in the fierce competition.

 

Global Masking Protective Film Market: Segmental Analysis

On the basis of product type, the global Masking Protective Film market is segmented into Solid Masking Protective Film and Liquid Masking Protective Film. Solid masking protective film is more popular than liquid masking protective film, with a consumption market share nearly 70.95% in 2020, and will be expected to reach 71.22% in 2026.

 

Global Masking Protective Film Market: Application Analysis

On the basis of application, Building & Construction is the largest market segment, with a consumption market share nearly 31.05% in 2020, and will be expected to reach 31.16% in 2026. Automotive & Aerospace is the follower, with 29.89% consumption share in 2020.

 

Americas is the largest region of Masking Protective Film globally in the past few years and it will keep increasing in the next few years. Americas market took up about 40.39% revenue market in 2020, while APAC and Europe were about 32.70%, 25.40% respectively.

 

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