Israel 72 Inch Paint Protection Film Market Outlook

the israel market for paint protection film (ppf) is expected to experience notable growth over the forecast period (2018-2032). paint protection films offer a unique solution for protecting painted surfaces from everyday hazards such as abrasion, road salt, and stone chips. the films provide a reliable vehicle protection, comfortable upkeep, and superior gloss and clarity for vehicles. the israel automotive market is comparatively smaller as compared to the developed countries. in spite of the fact, the position of israel on the world map, small as it might be, is highly central toward the arabian peninsula, africa, and most countries in europe. the automotive industry in the country is gradually picking up, with more and more individuals accessing the banks to purchase a car on loans. this activity, coupled with a thriving repair and resale market are expected to foster the demand for paint protection films in israel. furthermore, the regulations passed by the israel ministry of environment for replacing the existing parts in a car would likely stimulate the penetration of ppf in the country. in order to increase vehicle safety and reduce fuel consumption, the ministry has enacted various laws making vehicle replacement compulsory. such laws are expected to have a direct impact on the market growth of paint protection films in israel. in 2011, the market in the country accounted for a nominal us$ 6 million and grew exponentially over the past few years. the demand for 72-inch paint protection films in israel is expected to witness a double-digit cagr in terms of value terms over 2018-2032. additionally, factors such as enhanced product awareness and rising disposable income offering individuals increased purchasing power, are expected to bolster the growth of the paint protection films market in israel over the ensuing years. players operating in the market are introducing innovative product solutions with advanced stretchability that suit all types of vehicle surfaces. the presence of prominent film manufacturers such as 3m corporation, avery dennison corporation, and eastman chemical company, is expected to bring in a huge transformation in the composites market over the forecast period. the market players are focused on product differentiation strategies to leverage their market position and boost their market share. prominent players in the israel 72-inch paint protection film market are focusing on enhanced product portfolio and strategic mergers & acquisitions to capture the largest share in the market.