The global automotive tinting film market size is
expected to reach USD 4.46 billion by 2025, according to a new report by Grand
View Research, Inc. It is projected to expand at CAGR of 5.1% over the forecast
period. The major factor driving the demand for automotive tinting films is the
increasing global automotive production. The demand for passenger vehicles has
witnessed substantial growth, primarily from Asian countries such as India,
China, and Japan.
The demand for passenger
vehicles has seen an upsurge in developing economies on account of rapid
urbanization and increasing working population and disposable income. This is
expected to positively impact the product demand over the forecast period.
However, various
regulations regarding the Visible Light Transmission (VLT) are expected to
restrain the market growth. In addition, onset of Chinese tinted glasses in the
global market is expected hamper the demand for tinting films.
Tinting films help
reduce solar heat gain and winter heat loss and maintain sustainable and
comfortable environment. In addition, the use of Ultra Violet-A filtering
tinting films reduces the risk of skin cancer and skin damage. Environmental
benefits offered by these films along with rising safety concerns among
consumers is expected to drive the market.
The market is
characterized by the presence of a large number of players. The competitive
rivalry is quite intense in the automotive tinting film market owing to the
presence of several large and small players. Constant growth of automotive
industry is anticipated to further fuel the rivalry among competitors in near
future.
Access Research Report of Automotive
Tinting Films Market @ https://www.grandviewresearch.com/industry-analysis/automotive-tinting-film-market
Further key findings from the report suggest:
· LCV is expected to be the fastest growing
segment of the global automotive tinting film market over the forecast period
· Windshield application segment in North
America was estimated as the largest segment in 2018
· China was estimated to be the largest
market in Asia Pacific region owing to rising demand for security and privacy
· Major market players are Eastman Chemical
Company; 3M; Saint-Gobain Solar Gard; and Madico, Inc.
Grand View Research has
segmented the global automotive tinting film market on the basis of basis of
vehicle type, application, and region:
Automotive Tinting Film Vehicle Type Outlook (Revenue,
USD Million, 2014 - 2025)
·
Passenger Cars
·
Light Commercial Vehicles (LCVs)
·
Heavy Commercial Vehicles (HCVs)
Automotive Tinting Films Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Windows
·
Windshields
Automotive Tinting Films Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
