Automotive Films Market to accrue lucrative gains over the forecast timeframe
Europe automotive films market demand, led by Germany, Spain, UK, France and Russia may expect rapid growth owing to technological development and escalating disposable income of consumers. Rise in automotive production and sales have led to the significant increase in market growth in Germany and Spain.
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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
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Eastman Chemical
o Hexis S.A.
o 3M Company
o Saint-Gobain Performance Plastics
o Avery Dennison
o JMR Graphics
o Vvivid Vinyl
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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.
Passenger cars require the usage of automotive films on windshields to prevent accident caused due to decrease in visibility, prevent various skin diseases and provide cars with aesthetic appearance. Global increase in passenger cars for leisure and tour activities, advertisement and promotional purposes is expected to fuel the product demand.
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