Automotive Films Market Key Manufacturers Development Trends and Competitive Analysis 2028

The "Automotive Films Market" is expected to grow from US$ 7,490.18 million in 2022 to US$ 9,742.28 million by 2028; it is estimated to record a CAGR of 4.5% from 2022 to 2028.

Automotive films have various advantages such as protection against harmful UV rays, glass protection, color protection, security, and privacy. The automotive films market is growing with an upward trend, and manufacturers are making significant investments in research & development, partnerships, technological development, and collaborations to launch innovative products to tap into emerging market opportunities. Market players are focusing on providing innovative products in response to an ever-increasing demand for automotive glasses.

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Companies Profiled in this report includes:

• Compagnie de Saint Gobain SA
• 3M Co
• Luxshield GmbH
• Mister Lacky
• PR-Folia
• Eastman Chemical Co
• Ergis SA
• Hexis SAS
• Avery Dennison Corp
• SSA Europe GmbH
• Profilm Advanced Materials Ltd

In November 2022, Fedrigoni S.P.A., an Italy-based manufacturer, launched Ri-Jet C50 Ultimate Slide & Tack, the innovative, extremely durable (up to 12 years durability), and conformable film for large format digital printing, ideal for wrapping cars and vehicle fleets due to its adaptability on irregular surfaces such as bumpers, mirrors, and van corrugations. The company hopes to gain a strong hold on the market with this launch. Such innovative and advanced product launches are expected to drive the market growth during the coming years.

The automotive films market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In terms of revenue, in 2022, Asia Pacific dominated the automotive films market share, and Europe is expected to register the highest CAGR during the forecast period. The automotive films market growth in Asia Pacific is attributed to the growing automotive industry in the region. Moreover, the surging disposable income of people in the region is aiding the demand growth of commercial and passenger vehicles. Also, increasing investments by leading automotive OEMs and rising EV manufacturing capabilities in Asia Pacific are propelling the demand for conventional and electric vehicles in the region, bolstering the need for automotive films.

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Automotive Films Market Segmentation:

By Film Type:
• Window Films/Tints
• Wrap Films
• Paint Protection Films

By Application:
• Passenger Cars
• Commercial Vehicles
• Two Wheelers

The COVID-19 pandemic adversely affected the automotive films market in 2020 due to the shutdown of manufacturing facilities and restrictions imposed on transportation and logistics. Disruptions in supply chains hampered the supply of automotive films. To comply with national and regional guidelines, manufacturers from different sectors extensively modified their processes to protect their employees from the SARS-CoV-2 infection. Many of them temporarily paused their operations or allowed production processes with limited employee strength. In 2021, businesses started recovering as the governments of various countries brought relaxation in social restrictions. Moreover, successful vaccination drives have eased the restrictions, along with encouraging the revival of business activities across the world. The recovery of various end-use industries is driving the automotive films market growth during the post-pandemic recovery period.

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