Automotive
Tinting Film Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
The automotive tinting film
market global size is expected to value at USD 4.48 billion by 2025. The market
is subject to witness a substantial growth due to the increasing demand from
automotive sector to safeguard the interior of a car from harmful ultra-violet
rays, heat, and glass glare. Additionally, increasing sales of vehicle across
the globe is anticipated to boost the growth of market in coming years. The
automotive tinting film market in the U.S is predicted to grow at significant
CAGR during the forecast period, providing numerous opportunity for market
players to invest for research and development in the automotive tinting film
market.
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Increasing demand of
luxurious and lavish vehicles from different regions across the globe are
expected to amplify demand for automotive tinting film market in upcoming
years. Other critical factors responsible for the growth of the market are
increasing personal disposable income, rapid industrialization and
urbanization. Furthermore, increasing number of privately-owned vehicles,
majorly credited to high-end living standards both in developed and developing
economies across the globe are leading to increasing demand of automotive
tinting film market.
Similarly, growing number
of manufactures and installers on the global-scale are most likely to
complement market growth. Increasing adoption of the tinting film during production
of the windshields because of the growing security concerns are expected to
boost sales of the automotive tinting film. Moreover, aggressive marketing
strategies adopted by industry player in order to promote their product in the
market are substantially influencing market growth. Also, growing need for
safety and security among consumers are likely to boost demand for tinting
films in near future.
Though, increasing
incidences such as harassment, criminal activities, and lack of transparency
are negatively impacting market growth in certain regions of the globe.
Additionally, several laws and regulations in some of the developed economies
regarding percentage use of visual light transmission (VLT) on the glass of a
vehicle, are hampering demand of automotive tinting film.
Development of co-extrusion
technology, which is widely used during production of bio-based polyester film
is responsible for limiting use of fossil fuels and offer enhanced carbon
footprint, thus attributing to the expansion of the automotive tinting film
market in recent years. Increasing adoption of the multilayer nanotechnology
during manufacturing of tinting films with the use of polyester, acrylic glass,
and PEN resin is expected to accelerate market demand. Windshield is vital in
vehicle as it provides protection against heat, ultra-violet rays and
pollutants on a large scale. With the adoption of tinting films for the
production of windshield further aids in the reducing heat and glare to offer
better visibility.
Automotive tinting film
further increases vehicle’s resale value as well due to their attractive look.
Automotive tinting film prevents 99% of harmful long wave ultraviolet A (UVA)
and short wave ultraviolet B (UVB) radiation. Window tinting films are produced
in variable shades and sizes. The thickness of shade varies accordingly
percentage of variable light transmission, ranging from three to seventy
percent. Prevention of direct sunlight window films entering the vehicle can
damage both leather and interiors of the vehicle. Window tinting films not only
offers protection from direct sunlight but also increase life span of leather
and vehicle interiors.
The automotive tinting film
market is divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. North America and European region have
shown major growth in recent years owing to the growing vehicle production and
increasing demand of lavish and exotic vehicles in terms of production and
sales.
Asia-Pacific region is
predicted to hold major market share in the automotive tinting film industry
with massive growth in forecast period. Countries such as South Korea, China
and Japan are leading the Asia-Pacific market with constant demand in
automotive sector coupled with increasing demand for window tints through OEMs.
The key players in the automotive tinting film market are The 3M Company,
Eastman Chemical Company, LLC, Global Window Films, and The Solar Gard.
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