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Automotive Tinting Film Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
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Automotive Tinting Film Market
1.Introduction
Automotive Tinting Film Market is a rapidly growing industry with a promising future. The global automotive window film market was valued at USD 4.16 billion in 2016 and is expected to reach USD 6.36 billion by 2025, growing at a CAGR of 5.2% during the forecast period. The Asia-Pacific is the largest market for automotive window film, followed by North America and Europe.

The automotive window film market is driven by the rising demand for energy-efficient and eco-friendly vehicles. The automotive window film helps in reducing the heat and glare inside the vehicle, which in turn helps in reducing the fuel consumption of the vehicle. The automotive window film also provides privacy to the passengers and helps in reducing the UV rays entering the vehicle, which helps in protecting the passengers from the harmful UV rays.

The major players in the automotive window film market are 3M Company (US), Llumar (US), Solar Gard (US), Eastman Chemical Company (US), Avery Dennison Corporation (US), and Johnson window films (US).

The rising demand for energy-efficient and eco-friendly vehicles is the major driver for the growth of the automotive window film market. The automotive window film helps in reducing the heat and glare inside the vehicle, which in turn helps in reducing the fuel consumption of the vehicle. The automotive window film also provides privacy to the passengers and helps in reducing the UV rays entering the vehicle, which helps in protecting the passengers from the harmful UV rays.

The Asia-Pacific is the largest market for automotive window film, followed by North America and Europe. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for energy-efficient and eco-friendly vehicles in the region.

The major players in the automotive window film market are 3M Company (US), Llumar (US), Solar Gard (US), Eastman Chemical Company (US), Avery Dennison Corporation (US), and Johnson window films (US).

2.Automotive Tinting Film Market: Snapshot
The automotive tinting film market is expected to grow at a CAGR of 6.47% from 2019 to 2026. The market is estimated to be USD 1.63 billion in 2019 and is projected to reach USD 2.35 billion by 2026. The rising demand for comfort and luxury in vehicles and the growing awareness about the benefits of solar protection are the major factors driving the growth of the automotive tinting film market.

The Asia-Pacific is the largest market for automotive tinting film and is expected to grow at the highest CAGR from 2019 to 2026. The market in the region is driven by the growing automotive industry in countries such as China, India, and Japan. The rising disposable incomes and the growing middle-class population in the region are also some of the factors driving the market growth in the Asia-Pacific region.

The major players in the automotive tinting film market include 3M (US), Eastman Chemical Company (US), Hanita Coatings (Israel), Avery Dennison Corporation (US), LLumar (US), Solar Gard (US), Hexis SA (France), and Johnson Window Films (US). These players have a strong presence in the market and are engaged in various growth strategies such as new product launches, expansions, and acquisitions to increase their market share.

3.Automotive Tinting Film Market: Growth Drivers
The automotive tinting film market is expected to grow at a CAGR of about 5% during the forecast period of 2020-2025. The major factors driving the growth of the market are the increase in vehicle production, rise in the demand for aftermarket services, and the growth of the automotive industry in developing countries.

The increase in vehicle production is one of the major factors driving the growth of the automotive tinting film market. According to the OICA, the production of passenger cars increased from 71.9 million units in 2017 to 72.1 million units in 2018. The production of commercial vehicles also increased from 23.7 million units in 2017 to 24.3 million units in 2018. The increase in vehicle production is expected to drive the growth of the automotive tinting film market during the forecast period.

The rise in the demand for aftermarket services is another factor driving the growth of the automotive tinting film market. The aftermarket is the market for automotive parts and accessories which are used to replace and upgrade the original parts of a vehicle. The automotive aftermarket is expected to grow at a CAGR of about 4% during the forecast period of 2020-2025. The growth of the aftermarket is expected to drive the growth of the automotive tinting film market during the forecast period.

The growth of the automotive industry in developing countries is another factor driving the growth of the automotive tinting film market. The automotive industry is growing at a rapid pace in developing countries such as China, India, and Brazil. The growth of the automotive industry in these countries is expected to drive the growth of the automotive tinting film market during the forecast period.

4.Automotive Tinting Film Market: Key Trends
The automotive film market is projected to grow at a CAGR of 5.72% from 2019 to 2025, to reach a market size of USD 10.8 billion by 2025. The market is driven by the rising demand for energy-efficient and aesthetically appealing vehicles, and the increase in the production of vehicles.

The automotive film market is categorized into four segments, namely, by product, by vehicle type, by geography, and by application. The product segment includes dyed film, metallized film, and ceramic film. The ceramic film segment is estimated to grow at the highest CAGR during the forecast period. The ceramic film provides more than 99% of UV protection and has better heat rejection properties than other films.

The market for automotive film is also segmented by vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is estimated to account for the largest share of the automotive film market in 2019. The market for automotive film is further segmented by geography into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The Asia Pacific region is estimated to be the fastest-growing market for automotive film during the forecast period. The market in the region is driven by the increase in vehicle production, owing to the growing population and the rise in disposable incomes.

The automotive film market is fragmented, with a large number of players competing in terms of product quality, price, and innovation. The key players in the automotive film market include 3M Company (US), Eastman Chemical Company (US), Huper Optik USA, Inc. (US), Llumar (South Africa), Madico, Inc. (US), Nano-Protech Co., Ltd. (South Korea), Solar Gard (US), SunTEK Auto Glass (US), and The V-Kool Company, Ltd. (China).

5.Automotive Tinting Film Market: Competitive Landscape
The automotive industry is one of the most competitive industries in the world. The competition is not only between the manufacturers, but also between the suppliers of automotive parts and accessories. The suppliers of automotive tinting film are no different. They are constantly innovating and introducing new products to the market in order to stay ahead of the competition.

The automotive tinting film market is a highly competitive one. The major players in the market are 3M, Avery Dennison, Eastman Chemical Company, Hanita Coatings, Hexis, Johnson Window Films, Llumar, Madico, Prestige Window Films, Solar Gard, and SunTek. These companies are constantly innovating and introducing new products to the market in order to stay ahead of the competition.

3M is one of the leading suppliers of automotive tinting film. The company has a wide range of products that are suitable for a variety of applications. 3M’s products are known for their quality and durability.

Avery Dennison is another leading supplier of automotive tinting film. The company offers a wide range of products that are suitable for a variety of applications. Avery Dennison’s products are known for their quality and durability.

Eastman Chemical Company is a leading supplier of automotive tinting film. The company offers a wide range of products that are suitable for a variety of applications. Eastman Chemical Company’s products are known for their quality and durability.

Hanita Coatings is a leading supplier of automotive tinting film. The company offers a wide range of products that are suitable for a variety of applications. Hanita Coatings’ products are known for their quality and durability.

Hexis is a leading supplier of automotive tinting film. The company offers a wide range of products that are suitable for a variety of applications. Hexis’ products are known for their quality and durability.

Johnson Window Films is a leading supplier of automotive tinting film. The company offers a wide range of products that are suitable for a variety of applications. Johnson Window Films’ products are known for their quality and durability.

Llumar is a leading supplier of automotive tinting film. The company offers a wide

6.Conclusion
The automotive industry is constantly evolving and so are the technologies used in vehicles. Tinted windows are one such technology that has gained popularity in recent years. Tinted windows not only add to the aesthetic appeal of a vehicle but also offer a number of practical benefits.

Some of the benefits of tinted windows include:

1. Protection from the sun: Tinted windows offer protection from the harmful UV rays of the sun. This is especially beneficial for those who spend a lot of time in their vehicles.

2. Privacy: Tinted windows offer an increased level of privacy as it is difficult to see inside a vehicle with tinted windows.

3. Temperature control: Tinted windows help to keep the interior of a vehicle cooler as they reduce the amount of heat that enters the vehicle.

4. reduced glare: Tinted windows reduce the amount of glare from the sun, making it easier to see while driving.

5. Protection from shatter: In the event of an accident, tinted windows help to hold the shattered glass together, preventing it from causing injuries.

The above are just some of the benefits that tinted windows offer. If you are thinking of getting your windows tinted, be sure to get it done from a reputable and experienced company.

LIST OF KEY COMPANIES PROFILED:

 

    • The 3M Company (US)
    • Eastman Performance Films, LLC {LLUMAR} (US)
    • Johnson Automotive Tinting Film, Inc. (US)
    • Toray Plastics (America), Inc. (US)
    • Solar Gard (Saint-Gobain Performance Plastics Corporation) (US)
    • Madico Inc. (US)
    • Avery Dennison Corporation (US)
    • Garware Suncontrol (India)
    • ZEOfilms (China)
    • American Standard Automotive Tinting Film (US)
    • Other Players

 

Report Scope & Segmentation

 

 ATTRIBUTE

 

 

DETAILS

 

 

Study Period

 

 

2016-2027

 

 

Base Year

 

 

2019

 

 

Forecast Period

 

 

2020-2027

 

 

Historical Period

 

 

2016-2018

 

 

Unit

 

 

Value (USD Million), Volume (Thousand Square Meters)

 

 

Segmentation

 

 

Vehicle; Application; and Geography

 

 

By Vehicle

 

 

 

 

    • Passenger Cars
    • Light Commercial Vehicles (LCV)
    • Heavy Commercial Vehicles (HCV)
 

By Application

 

 

 

 

    • Windshield
    • Windows
 

By Geography

 

 

 

 

    • North America (U.S., Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe)
    • Asia Pacific (Japan, China, India, Indonesia, South Korea, Rest of Asia Pacific)
    • Latin America (Brazil, Mexico, Rest of South America)
    • Middle East & Africa (South Africa, GCC,Rest of Middle East & Africa)

 

 

By Vehicle

 

 

 

 

    • Passenger Cars
    • Light Commercial Vehicles (LCV)
    • Heavy Commercial Vehicles (HCV)
 

By Application

 

 

 

 

    • Windshield
    • Windows

 

    • The 3M Company (US)
    • Eastman Performance Films, LLC {LLUMAR} (US)
    • Johnson Automotive Tinting Film, Inc. (US)
    • Toray Plastics (America), Inc. (US)
    • Solar Gard (Saint-Gobain Performance Plastics Corporation) (US)
    • Madico Inc. (US)
    • Avery Dennison Corporation (US)
    • Garware Suncontrol (India)
    • ZEOfilms (China)
    • American Standard Automotive Tinting Film (US)
    • Other Players

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