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Automotive Film Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033
Automotive Film Market
As per the report, the automotive film market size has grown strongly in recent years. It will grow from $5.6 billion in 2023 to $5.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The automotive film market size is expected to see strong growth in the next few years. It will grow to $7.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Rising Demand For Passenger Vehicles In Developing Economies Fuels Automotive Film Market Growth
The increase in demand for passenger vehicles in developing economies is expected to propel the growth of the automotive film market going forward. A vehicle is defined as a passenger vehicle if it is either designed, built, or modified to transport people. In passenger vehicles, automotive films are used to protect the passengers and driver from direct rays of sun, and heat, and to reduce the internal temperature of the car. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), an India-based not-for-profit apex national body of the Indian government, sales of passenger vehicles as a whole increased by 13.2% in the fiscal year 2021 to 3.07 million from 2.71 million in the year 2020. Furthermore, according to the State Council of the People's Republic of China, in 2021, China's sales of passenger cars increased 4.4% year over year to 20.15 million units, with the high demand for new energy vehicles (NEVs) continuing to drive the market expansion. Therefore, the increasing demand for passenger vehicles in developing economies is driving the demand for the automotive film market.
Development Of Radar Transparent Bright Films In Automotive Industry: Strengthening Product Portfolio
Major companies operating in the automotive film sector are focusing on developing radar-transparent bright films for automobiles to strengthen their product portfolio. For instance, in July 2021, AkzoNobel, a Netherlands-based paint and coating manufacturing company, developed a radar-transparent bright film that allows to coating of decorative metallic parts that hide radar sensors without blocking the transmission of signals. The radar-transparent bright film has been developed closely with customers and allows automobile manufacturers to hide sensors behind solid metal, without blocking the signals of safety features such as anti-collision warnings.
The automotive film market covered in this report is segmented -
1) By Film Type: Automotive Films Window Film: Paint Protection Films (PPF): Wrap Film
2) By Vehicle Type: Passenger: Commercial
3) By Material Type: Dyed, Metalized, Ceramic
4) By Application: Interior: Exterior
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Major companies operating in the automotive film market report are 3M Company, Compagnie de Saint-Gobain S.A., Avery Dennison Corporation, Toray Industries, Inc, Eastman Chemical Company, Lintec Corporation, Arlon Graphics LLC, Ergis S.A., Hexis S.A., Madico Inc, Garware Polyester Ltd, Sekisui Chemical Co., Ltd, Solar Gard, KDX Window Film, Nexfil, Solar Window Film, The Window Film Company, Opalux, Solar Screen GmbH, Armolan, Bekaert Specialty Films, Global Window Films, Skyfol, XPEL Czech Republic, LLumar, hüper optik, Rayno Window Film, Convenience Group Inc, Window Film, Protex, Insulfilm, Bryan Window Films, Polar Jet Vehicle Polarization, Hanita Coatings, Mist of Miami, Al Shafaf Window Tinting & Car Accessories llc, Totalgard Window Films
Contents of the report:
1. Executive Summary
2. Automotive Film Market Report Structure
3. Automotive Film Market Trends And Strategies
4. Automotive Film Market - Macro Economic Scenario
5. Automotive Film Market Size And Growth
…..
27. Automotive Film Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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