Screen Protective Film Market Report Overview
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The global screen protective film market size was USD 2085 million in 2021 and is expected to reach USD 2892.55 million in 2031, exhibiting a CAGR of 3.3% during the forecast period.
The screen protective film is a thin, anti-reflective polyester film that is transparent and has a protective adhesive on the back to adhere it to the device's glass screen. The handling or use of mobile phones, tablets, etc. can cause scratches or other damage that can be prevented by a strong final layer. Applying the product is as simple as rubbing it against any clean, smooth surface until the majority of the air bubbles are gone, leaving only very small amounts behind that won't affect the clarity of the image.
Additionally, it aids in shielding screens from liquid spills, accidental rain, and other causes of water damage, preserving both user costs and brand value for the companies that invest in making these products. There are numerous types of PET and glass-tampered film. PET is an abbreviation for polyethylene terephthalate, a clear thermoplastic material with superior impact resistance and mechanical strength. Instead of regular plate or window glass, tempered glass a type of safety glass made from chemically strengthened soda lime or borosilicate—can be used because of its increased strength.
COVID-19 Impact: Industry Shutdown Causes Market Distortion
The global COVID-19 pandemic has been unprecedented and staggering, with screen protective film industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
For consumer companies, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, chemicals, and other items has become challenging due to lockdowns. It had a financial impact on the markets for consumer in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of consumer are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall consumer industry. This has partially impacted the screen protective film.
LATEST TRENDS
"Advancement in Technology to Boost the Market Growth"
Due to an increase in digital literacy, the main trend driving the market is that more people are becoming aware of new technologies like smartphones and tablets, where advanced screen protective film are frequently used. Consumer electronics are becoming more popular, the middle class is expanding globally, e-commerce is growing in popularity, and technical advancements, internet usage, and smartphone penetration are all contributing to the growth of the market and sales. Additionally, the development of technologies like foldable displays and 8K resolution has increased the demand for cutting-edge protective films that can meet the highest standards of performance and quality. Thus, a key trend that is opening up potential for the industry to grow is the advancement in technologies. These new developments are mostly to blame for the market's overall growth.
Screen Protective Film Market Segmentation
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- By Types
Based on type, the market is classified into PET, Tempered Glass & Others.
- By Application
Based on the market is categorized into Mobile Phones & Tablets.
DRIVING FACTORS
"Increasing Usage of Smartphones that Gives the Market Extra Boost"
The use of smartphones, which has been growing as a result of the global increase in digitalization, is one of the key factors boosting the market's revenue. The screen protective industry is anticipated to grow as smartphone users' concerns about protecting their devices' displays from the rigors of daily life grow. Screen protectors do exactly what their name implies: they shield smartphone screens from scuffs and other physical harm. Vendors provide customers with a variety of screen protector options that offer advantages like UV protection and anti-glare. The manufacturers of smartphones have been developing cutting-edge technologies like foldable phones, AMOLED displays, infinity displays, etc. which has raised concerns about providing the screens of smartphones with increased safety, increasing the demand for screen protective film in the near future. As a result, the growth, and the increasing use of smartphones will boost the market. It will contribute to the expansion of the consumer industry and it will improve the overall screen protective film market growth.
"Rising Eye Disorders to Encourage Market Expansion"
Rising eye disorders due to prolonged exposure to blue light from smartphone screens are another major factor driving the demand for screen protectors and are one of the factors driving the screen protective film industry. Long-term use of smartphones and exposure to the blue light emitted by their screens can harm retinal cells and result in other eye-related diseases, allowing consumers to purchase this protective film. Due to this, there is an increased need for tempered glass that has particular features like a blue light filter and an anti-glare screen. The light that is emitted from phone screens is reduced with anti-glare screen protectors, which is easier on the eyes. This has resulted in an increase in the use of premium, ultra-clear screen protectors for smartphones, which lessen the negative effects on the eyes and boost market revenue. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, the rising eye disorder will help the market to boost.
RESTRAINING FACTORS
"Halo Effect to Impede Market Expansion"
The term "halo effect" describes the edges of the screen protector that are not attached to the phone. When you cover the phone with a glass or plastic screen protector, a halo effect develops. The screen's visibility and sensitivity are decreased, which hurts market sales. Additionally, applying adhesives to a stressed screen protector makes it easier for it to break and reduces its effectiveness. Additionally, the stressed area of the glue can damage the screen protector and even the user if the user is not careful. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.
Screen Protective Film Market Regional Insights
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"North America Dominating the Market Across the Globe"
The market for screen protective film in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the screen protective film market share is the growing demand of product in mobile phones & Tablets and other electronic devices is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- Otterbox (U.S.)
- Zagg (U.S.)
- 3M (U.S.)
- BELKIN (U.S.)
- XtremeGuard (U.S.)
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost screen protective film market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2085 Million in 2021 |
Market Size Value By |
US$ 2892.55 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the screen protective film market expected to touch by 2031?
Based on our research, the screen protective film market is projected to touch USD 2892.55 million by 2031.
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What CAGR is the screen protective film market expected to exhibit by 2031?
The screen protective film is expected to exhibit a CAGR of 3.3% by 2031.
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Which are the driving factors of the screen protective film market?
Increasing usage of smartphones that gives the market extra boost & rising eye disorders to encourage screen protective film market expansion.
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What is the restraining factor of the screen protective film market?
Halo Effect to impede screen protective film market expansion.