Automotive Films Market to Reach USD 6.30 Billion by 2022
The Automotive Films Market was valued at USD 4.65 Billion in 2016 and is projected to reach USD 6.30 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. In this study, 2016 has been considered as the base year, while the forecast period has been considered from 2017 to 2022.
Automotive Films are used for heat and glare reduction, thermal insulation and UV filtration purposes. They are applied on automobile windows and help reduce energy costs arising from air conditioning. Moreover, UV protection and thermal insulation protects vehicle interiors and passengers from exposure to harmful radiation. Also, films provide mechanical protection to prevent shattering of windows during accidents. Wrap films are used for advertising on vehicles.
The research report studies the Automotive Films Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.
Top Key Players in Automotive Films market: 3M Company, Eastman Chemical Company, Avery Dennison Corporation, Lintec Corporation, and Saint-Gobain Performance Plastics.
Regional Analysis:
The market research report on the global Automotive Films market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.
Automotive Films Market Outlook
Asia Pacific is the largest market for automotive films. This is due to burgeoning growth in the automotive industry in India, China and Indonesia. Combined car sales in these countries topped 32 million in 2015. The tall number is attributed to rising population and high disposable incomes among the emerging middle class in these countries. In India, strict laws on automotive films are due to concerns regarding women safety in public vehicles such as taxis and buses. The regulations are expected to hinder market growth in India.
Key Developments
- In 2017, Solar Gard (Saint-Gobain’s performance plastics brand) launched its new bodywork protection films Clearshield Pro Hydro at SEMA Show (automotive specialty products trade event) held in Nevada, the U.S. The film is resistant to scuffs and impacts and has an advanced hydrophobic coating. The film also has self-healing properties.
- In August 2018, Madico, Inc. (manufacturer of material-based solutions) launched a new line of automotive window film Black Pearl Nano Ceramic. The new films are made using advanced nano-ceramic technology which provides up to 87% infrared heat rejection, reduced glare, increased comfort and keeps vehicle interiors cool.
- In 2017, Eastman Chemical Company increased the capacity of its performance film manufacturing plant based in Virginia, the U.S. It increased capacity for both window films and paint protection films to meet increasing demand for its LLumar and Suntek brands. The high-performance films are used in automotive and architectural markets.
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