Press release
Automotive Film Market Size Forecast: $7.89 Billion by 2029 | Global Outlook
Automotive Film
What Is the Projected Market Size Valuation of the Automotive Film Market by 2025?
There has been a consistent increase in the automotive film market over recent years. The market size presently at $5.88 billion in 2024, is anticipated to reach $6.14 billion in 2025, expanding at a compound annual growth rate (CAGR) of 4.5%. The notable growth experienced in the past can be credited to multiple factors such as the heightened demand for passenger automobiles, escalating atmospheric temperatures, robust economic progression in developing markets, augmented production in the automobile industry, and an upward trend in the demand for commercial vehicles.
What Is the Estimated Market Growth Value for the Automotive Film Industry in 2029?
In the coming years, the automotive film market size is anticipated to experience robust growth, with projections indicating it will reach $7.89 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 6.4%. The predicted expansion within the forecast period can be credited to the growing demand for passenger vehicles, escalated atmospheric temperature, solid economic advancement in emergent markets, increased production in the automobile field, and a surge in the demand for commercial vehicles. The key trends expected within this period are a concentration on devising tPU paint protection films (PPFs), catering to the burgeoning consumer demand for high-thickness paint protection films (PPFs), striving to offer cost-effective and environment-friendly paint films, developing cutting-edge products like graphene-enhanced nano-ceramic window films to maintain and potentially enhance market position, eyeing mergers and acquisitions of market rivals, and focusing on the creation of radar-transparent bright films for vehicles.
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What Are the Growth Drivers and Opportunities in the Automotive Film Market?
The surge in passenger vehicle needs in emerging economies is predicted to fuel the expansion of the automotive film market. If a vehicle is constructed, engineered, or adapted to transport humans, it's classified as a passenger vehicle. Automotive films in these vehicles help protect the occupants and the driver from harsh sunlight and heat, and they can also help reduce the car's internal temperature. For example, in January 2024, the Verband der Automobilindustrie e.V., a German automotive association, documented a substantial growth in sales in Mexico's light vehicle market (covering passenger vehicles and lightweight vehicles) for the year 2023. The registration of nearly 1.4 million new passenger vehicles and lightweight vehicles, representing an increase of 25% from 2022. Thus, the growing need for passenger vehicles in emerging economies is fuelling the demand for the automotive film industry.
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What Are the Primary Segments Covered in the Global Automotive Film Market Report?
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
Subsegments:
1) By Automotive Window Film: Dyed Window Film, Metalized Window Film, Ceramic Window Film
2) By Paint Protection Films (PPF): Gloss Finish PPF, Matte Finish PPF, Self-Healing PPF
3) By Wrap Film: Cast Vinyl Wrap Film, Calendared Vinyl Wrap Film, Carbon Fiber Wrap Film
What Are the Top Growth Trends in the Automotive Film Market?
Leading companies in the automotive film industry are prioritizing the production of innovative paint film solutions, such as protective and decorative films, to amplify both the visual appeal and longevity of vehicles. These specialized coatings for automotive use greatly amplify the overall look of the vehicle while ensuring its longevity. Protective films serve as a buffer against scratches and exposure to UV rays whereas decorative films offer a multitude of personalization options for branding and aesthetics. The company, PPG, based in the USA and renowned for its production of paints, coatings, and specialty materials, introduced their paint film solutions in May 2023, specifically for automotive and industrial customers aiming to escalate the aesthetics and durability of vehicles. This range encompasses paint protection films that act as a barrier against scratches and environmental impacts, and decorative films for unique branding and personalization solutions. PPG leverages cutting-edge technology to manufacture products that safeguard and augment the overall allure of vehicles and industrial machinery, ensuring compliance with the stringent standards of the automotive sector.
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Which Companies Are Shaping the Future of the Automotive Film Market?
Major companies operating in the automotive film market include 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
Which Region Holds the Largest Market Share in the Automotive Film Industry?
North America was the largest region in the automotive film market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
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