Automotive Films Market by Type (Wrap Film, Pain Protection Film, Window Film) and Vehicle Segment (Passenger Cars, LCV and M&HCV) – Global Industry Insights, Trends and Forecast – 2017 to 2025

Created On: Jun-2018
Report ID: IR111
Format: PDF

Market Introduction

Films are automotive applications such as glare and heat insulation, UV filtration and thermal insulation among others. These films are applied on glass of windows to increase fuel efficiency arising from the vehicle’s HVAC system. Additionally, films also protect from UV rays and also provides thermal insulation. Moreover, window films also act as a protection to prevent the glass from shattering in the event of an accident.

Market Outlook

The major drivers of the automotive films market are rising concerns associated films along with rising awareness of protection from sun rays are pushing the market towards to its zenith. Regulations regarding the use of tinted glass in some of the countries are hampering the market’s growth potential. For instance, in India tinted vehicle windows are banned by government relating to national security and passenger safety in public modes of transportation.

Market Segmentation and Analysis

The automotive films market is broken down on the basis of film type and vehicle segment. By film type the market is further broken down into wrap film, window film, pain protection film and others. Window films are further broken down into dyed window tints, metallized window tints, clear window tints and ceramic window tints. Window tints/films is expected to hold a major share of the market owing to their added sun protection as well as aesthetics properties. Moreover, window films do not block radio signal and are also cost effective. However, wrap films are utilized on vehicles for advertising. On the basis of vehicle segment the automotive films market is further segmented into passenger cars, light commercial vehicles (LCV) and medium and heavy commercial vehicle (M&HCV). Passenger cars is expected to dominate the market owing to tremendous usage of window films.

Geographical Outlook

According to Insights and Reports, Asia Pacific is expected to dominate the market of automotive films market owing to the growing demand for passenger vehicles in countries such as China, India and Indonesia. In the year 2017, China produced around 24 million vehicles, which is approximately around 34% of the global passenger vehicle production. Higher disposable income and rising populations can be attributed towards the growth of passenger car production. However, strict laws regarding window tints is expected to hamper the growth of automotive films market owing to concerns relating to safety of women in public or commercia vehicles such as taxi and bus. Europe is expected to hold the second largest market share in the market followed by North America. Production of premium car segment these regions is expected the market for ceramic and metallized window tints which in turn is going to drive the market for automotive films. Well developed public transport infrastructure in these regions also helps in penetrating the market for wraps for vehicle advertising. The automotive industry in South America is witnessing a slowdown which would restraint the automotive films market in the region. The renegotiation of NAFTA by the President of the U.S. has threatened the sale of cars in the U.S. is further going to impact the market’s growth. Automotive industry of Mexico contributed around 3.4% of the country’s GDP according Mexican Statistical Institute. Depreciating growth of automotive industry in South America is going to hamper the automotive films market. Africa is expected to grow at a minimal growth rate owing to improving production of automotive vehicle in South Africa. However, Middle East is expected to grow at bit higher pace than Africa owing to increasing vehicle production in countries such as Israel and Iran.

Competitive Landscape

Some of the key players operating in the market are 3M Company, Lintec Corporation, Saint-Gobain Performance Plastics and Dennison Corporation among others. 3M company on March, 2017, acquired from Johnson Controls the ownership of Scott Safety which would allow 3M to venture into the vehicle safety segment with the introduction of safety window films.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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