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Automotive Films Market to depict appreciable growth prospects over 2019-2025 | Key players are Lintec, Eastman Chemical, Renolit, 3M Company, Saint-Gobain Performance Plastics
Automotive Films Market
Asia Pacific led by India, Japan, Korea, Indonesia and China automotive films market size may witness rapid demand owing to increasing disposable income, industrialization and population growth. Population growth have led to escalate living standard of people and need for privately-owned cars which in turn has significant effect on automotive films market.
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Automotive Films Market size is predicted to witness substantial growth due to its increasing use in automobiles. Increasing per-capita income along with luxurious lifestyle have led to the growth in vehicle sales, thereby enhancing product demand. Automotive films provide vehicles with aesthetic appeal, safety from radiations and accidental vibrations and are less costly than paints. Rising consumer concern about skin protection due to solar heat and privacy requirements in vehicles may further promote industry growth
Automotive films are generally thin laminate that can be applied to the automobiles interior and exterior surface of glass. Polyethylene terephthalate which is a thermoplastic polymer, is used for manufacturing films as it is hard, strong and dimensionally stable. PET is dyed using high quality colour to prevent colour fading of car furniture due to UV rays. Automotive films provide shatterproof function which protects passenger and driver from shattered glass pieces at the time of accident and prevents auto theft.
Automotive wrap films are expected to witness significant gain over forecast period owing to the increased demand in mobile advertisement. They are less expensive than paint which makes it suitable for commercial vehicles on large scale economical. Increasing personalized car demand owing to the change in lifestyle and increase in disposable income should drive automotive films market size.
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Commercial vehicles windows can be installed with automotive films to reduce the amount of heat and provide protection from UV radiations. This can enhance productivity, reduces stress and improve the overall vehicle’s aesthetic. Commercial vehicle demand may exceed 25% of the total market share by 2024 which in turn can increase the demand for automotive films market demand. In January 2018, commercial vehicles sales were of 85,660 units in India. Increase in infrastructure spending on account of strong economic growth should drive the industry demand.
Global automotive films market share is consolidated with key players operating in this industry are Lintec, Eastman Chemical, Zeofilms, Hexis S.A., Nexfil, Madico, Renolit, 3M Company, Saint-Gobain Performance Plastics, Avery Dennison, JMR Graphics, and Vvivid Vinyl.
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