Automotive Films Market was valued at USD 4.65 Billion in 2017 and is anticipated to grow USD 6.30 Billion till 2022, at a CAGR of 5.3% during the forecast period 2017 to 2022.
Automotive Films Market Overview
A thin laminate film is called an automotive film applied on the internal and external parts of a vehicle. There are two kinds of automotive films such as paint protection films and window films. It is possible to change the appearance of the vehicle completely with the help of these films as they enhance the appearance greatly. Various kinds of window tinting films are applied in automotive like hybrid tint, metalized window tint, carbon window tint, ceramic window tint and dyed window tint. Such automotive films give prevention to the automotive interior from thermal, solar radiation. They also provide safety and privacy features to the passengers. Metals like nickel-chrome, dyes and aluminum are used to make such window tinting films. Paint prevention films give automotive custom paint, which defends from road damage, to be very fresh and faultless and resistance to stains and surface toughness. Another major use of automotive wrap films is to provide a combination of shades as well as finishes for the creation of truly unique as well as pioneering designs. Automotive films are extensively used in commercial vehicle and passenger cars.
Automotive Films Market – Dynamics
High increase in the automotive segment is impelling the demand for the global automotive films market. A few other factors that boost the automotive films market growth are increasing demand for passengers’ cars and mobile advertising. Improving lifestyle because of the better economy has further extended the growth in the automotive films market. Furthermore, the best use of these films is providing prevention against harmful radiation of the sun and even lessens the energy cost. All such prominent factors greatly contribute in driving the global automotive films market growth. Some other market fuelling factors are changing regulations, growing demand for products having lesser atmosphere effect, manufactures efforts and increasing research methods and advancing programs. By knowing these market enhancing factors, key players market get great help for making well-planning decisions to get huge gains. This market report depicts all the useful information to give you complete idea about the automotive films market growth.
Automotive Films Market Segmentation
This market report does an analysis of the market and classifies the Automotive Films Market on the basis of vehicle type, region type and film type. It gives analysis of trends in each of the sub segments of the market
Automotive Films Market, By Vehicle Type:
- Commercial Vehicles
- Passenger Cars
Automotive Films Market, By Film Type:
- Automotive Wrap Films
- Automotive Window Films
- Paint Protection Films
Automotive Films Market, By Region:
- North America
- Middle East & Africa
- South America
Europe and North America are the prominent regions to get utmost place in the automotive films market. These regions are anticipated to get huge revenue share in the upcoming years. There are many foremost key industries working n North America, which made it the significant region. Increasing trend has been observed in Europe for pain-replacement products, which lead to increase in the demand for automotive films. Asia Pacific is also served as the most revenue making region due to the increasing demand for automotive films. Smooth vehicle performance becomes more famous in the Asia Pacific region and consequently there is increase in the growth of the market in the region.
Automotive Films Market – Key Market Players
The key players in the market are projected to profitable growth opportunities in the future as there is increasing demand for automotive films in the global market. Below is given the list of some key companies involved in the automotive films market growth.
- Nexfil Co, Ltd.
- Eastman Chemical Company
- Lintec Corporation
- Avery Dennison Corporation
- Saint-Gobain Performance Plastics
- Garware Polyester Limited
- Ergis S.A.
- Hexis S.A.
- Johnson Window Film Inc.
High competition is observed in the global automotive films market as a huge number of key players are operating in the market. A huge number of multinationals are also operating with increasing production rate around the globe. Both these factors are enhancing the market competition.