Page 6 - Garware Polyester News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Garware Polyester, a manufacturer of polyester and sun control films in India, has commenced the production of paint protection films for automobiles. Currently, paint protection films have an estimated global market size of US$ 500 million (Rs. 3,680 crore) and is dominated by global giants like 3M, Llumar, XPEL and others. A paint protection film is designed to give automobile paint coatings protection and impact resistance. These films are clear and self-healing. These films are claimed to extend the life of the paint coating on vehicles. The paint protection film is manufactured using the...

Garware Polyester jumped 6.04% to Rs 339 after the company informed that it has a commenced the production of paint protection films (PPF) for automobile paint protection. PPF is designed to give automobile paint coatings the highest level of protection and impact resistance, and these films are clear and self-healing. Currently, PPF has an estimated global market size of $500m and is dominated by global giants like 3M, Llumar (from Eastman), XPEL etc. With no major domestic competition, the company estimates PPF to contribute 20% of FY23 revenue estimated at an incremental Rs 300 crore. The ...

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