What is Automotive Films Market?
Automotive films are employed on an automobile for multiple applications. It provides the automobile with extended security in terms of accidental vibrations, solar radiation and thermal radiations. The automotive films also increases the privacy of the vehicles by the means of window films. The prominent reason supporting and driving the growth of automotive film market is the strict safety policies defined by the government for automobile safety. Another factor responsible for the growing demand of automotive film is the low cost as compared to that of paints.
Highlights from Automotive Films Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), Eastman Chemical Company (United States), Avery Dennison Corporation (United States), Lintec Corporation (Japan), Compagnie de Saint-Gobain S.A. (France), Ergis Społka Akcyjna (Poland), Garware Polyester Limited (India), Hexis S.A. (France), Johnson Window Films, Inc. (United States) and NEXFIL Co. Ltd (South Korea) |
Automotive Films is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States and European Vendors will contribute to the maximum growth of Global Automotive Films market throughout the forecasted period.
3M Company (United States), Eastman Chemical Company (United States), Avery Dennison Corporation (United States), Lintec Corporation (Japan), Compagnie de Saint-Gobain S.A. (France), Ergis Społka Akcyjna (Poland), Garware Polyester Limited (India), Hexis S.A. (France), Johnson Window Films, Inc. (United States) and NEXFIL Co. Ltd (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ADS Window Films Limited (United Kingdom), Geoshield Window Film (United States), Renolit Group (Germany), Zeofilms (China) and Beijing Kangde Xin Composite Material Co., Ltd. (China). Automotive Films Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Windows and Windshields |
Type | Automotive Window Films, Automotive Wrap Films and Paint Protection Films |
Vehicle Type | Passenger Cars,Light Commercial Vehicles (LCVs),Heavy Commercial Vehicles (HCVs) |
On the basis of geography, the market of Automotive Films has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Durable Automotive Window Films and Introduction to High-End Passenger Cars
Market Growth Drivers:
Robust Growth and Increasing Demand from Automobile Industry and Significant Increase in the Global Atmospheric Temperature
Challenges:
Intense Competition, Fluctuating Prices, and shifting OEM Preferences
Restraints:
Stringent Regulations regarding the Visible Light Transmission (VLT) and Increasing Adoption of Chinese Tinted Glasses instead of Automotive Films
Opportunities:
Assists in Maintaining Sustainable and Comfortable Environment and increasing Use of Ultra Violet-A Filtering Tinting Films reduces the risk of Skin Cancer and Skin Damage
Market Leaders & Development Strategies
In April 2022, 3M acquired the technology assets of LeanTec, a provider of digital inventory management solutions for the automotive aftermarket sector in the United States and Canada. Leverage new requirements and trends by integrating data capture and analysis with our materials product platform.
In April 2021, Eastman Performance Films, LLC (Eastman)'s latest auto paint protection product, LLumar Valor, made waves in the automotive industry just in time for National Car Care Month this April. With the launch of the LLumar Valor Paint Protection Film, car owners can get more peace of mind when it comes to protecting their vehicles and making their vehicles look newer and older.