“Global Automotive Films Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global organic beverage market report has been segmented on the basis of product, application, and region.
Global Automotive Films Market: Introduction
Automotive films are used for thermal insulation, glare and heat reduction, and UV filtration. These films are used on automotive windows to lower energy costs arising from air conditioning.
Global Automotive Films Market: Dynamics
Growing demand for automotive films to protect vehicles and for advertising in developed and developing economies is projected to augment the growth of the global automotive films market. Increasing demand for passenger vehicles in developing economies owing to changing living standards of individuals and rising population is expected to be major factor driving growth of the global market. Growing demand for automotive films for protection from harmful radiations from the sun is anticipated to drive the growth of the global market. Furthermore, growing demand for paint protection films for protection of exterior components of the vehicle to lower the maintenance cost is expected to drive the growth of the market.
However, stringent government regulation in some countries regarding tinted glass owing to rising concerns related to passenger safety is expected to affect the growth of the automotive films market.
Global Automotive Films Market: Segment Analysis
Among the film type segments, the automotive wrap films segment is projected to register significant growth rate in years to come. Increasing demand for mobile advertising in developed economies is projected to drive the growth of this segment. Moreover, increasing adoption of solid color films such as matte black, orange, blue, green, and others is estimated to drive the growth of this segment. The paint protection films segment is estimated to grow steadily over the next few years.
Among the vehicle type segments, the passenger vehicles segment is projected to dominate the global automotive films market. Increasing demand for colorful graphics and paint protection for personal cars, vans, and sports utility vehicles is expected to drive the growth of the segment. The commercial vehicles segment is projected to register a lucrative growth rate in the automotive films market. Growing demand for commercial vehicles in developed countries is expected to support the growth of the segment.
Global Automotive Films Market: Regional Analysis
North America market is projected to dominate the global automotive films market in the next few years. Increasing demand for automotive wrap films for personalization is a key factor projected to support growth of the North America automotive film market. Growing demand for paint protection films in the region to lower the maintenance cost of vehicles is expected to drive the growth of the North America automotive films market in the next few years.
The Asia Pacific automotive films market is projected to grow at a significant growth rate. Increasing sales for passenger vehicles in the countries India, Australia, China, Indonesia, etc., owing to rise in living standards of individuals and urbanization is expected to drive the growth of the automotive films market in Asia Pacific. Rising consumer awareness regarding benefits related to films is estimated to support the growth of the target market in this region.
Global Automotive Films Market Segmentation:
Segmentation by Film Type:
- Automotive Window Films
- Automotive Wrap Films
- Paint Protection Films
Segmentation by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 3M Company
- Avery Dennison Corporation
- Eastman Chemical Company
- Akzo Nobel N.V.
- Saint-Gobain Performance Plastics
- Garware Polyester Limited
- Hexis S.A.
- SunTek Holding Co., Inc.
- Johnson Window Films, Inc.
- Arlon Graphics, LLC
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