The Report Automotive Film Market Analysis By Product (Tinting Films, Paint
Protection Films, NVH Film Laminates, Wrap Films), By Application (Interior,
Exterior), By Function (Protection, NVH), By Channel (OEM, Aftermarket), And
Segment Forecasts, 2018 - 2021
The global automotive film market is expected
to reach USD 10.13 billion by 2021, according to a new report by Grand View
Research, Inc. The growing demand for automotive film in exterior and interior
applications is expected to drive market growth.
The industry is expected
to grow on account of the demand for films in for interior and exterior
protection of the vehicle. The increasing demand for paint protection films and
NVH films for the smooth functioning of the vehicle is expected to drive growth
over the forecast period.
The industry growth is
majorly driven by the rapid increase in the demand for automotive wraps to
enhance the aesthetic value of the vehicles. Furthermore, reduction in the
maintenance cost of vehicles owing to the protective characteristics offered by
the wraps is expected to drive market growth.
Increasing purchasing
power of consumers coupled with technological advancements, such as the advent
of the bio-based polyester film is expected to fuel market growth. Growing
consumer awareness regarding the benefits of these products along with the
recovery of the automotive industry is anticipated to aid their consumption in
the global market.
The cost benefit ratio
is expected to drive demand owing to the ability of the product to sustain
extreme conditions. Stringent regulations associated with thermoplastic
urethane polymer, which serves as a major raw material in paint protection film
manufacturing is expected to hamper market growth over the forecast period.
Access Research Report of Automotive
Film Market@ www.grandviewresearch.com/industry-analysis/automotive-film-market
Further key findings from the report suggest:
· Paint protection films are expected to grow
at a CAGR of 5.4% from 2017 to 2021on account of increasing awareness among the
consumers coupled with reducing price of the product across the regions
· Interior application of the products
accounted for USD 3.12 billion in 2016 on account of the growing demand for
tinting films in developed economies. In addition, utilization of NVH laminates
in vehicle doors is expected to aid application growth.
· Protective Automotive film are expected to
grow at a CAGR of 12.0% over the forecast period on account of the rapid growth
in the demand for paint protection sheets installed with the intent to protect
exterior auto-body paint from dust and scratches
· Aftermarket accounted for majority of the
share as compared to its counterpart as Automotive film including wrap, paint
protection and tinting are predominantly installed through aftermarket channel
owing to the low cost associated with the products
· Asia Pacific is expected to witness the
fastest growth in terms of revenue as growing demand for vehicles in developing
economies including India & China has bolstered the demand for automotive
wraps, paint protective products and NVH film laminates
· The industry is fragmented with major
players operating globally. 3M and Avery Dennison accounted for a significant
share of the market owing to established business in the automotive industry.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global automotive film market on the basis of product,
application, function, channel and region:
Product Outlook (Volume in ‘000 Sq. Meters, Revenue, USD
Million, 2011 - 2021)
·
Tinting Films
·
Paint Protection Films
·
NVH Film Laminates
·
Wrap Films
Application Outlook (Volume in ‘000 Sq. Meters, Revenue,
USD Million, 2011 - 2021)
·
Interior
·
Exterior
Function Outlook (Volume in ‘000 Sq. Meters, Revenue, USD
Million, 2011 - 2021)
·
Protection
·
NVH
Channel Outlook (Volume in ‘000 Sq. Meters, Revenue, USD
Million, 2011 - 2021)
·
OEM
·
Aftermarket
Regional Outlook (Volume in ‘000 Sq. Meters, Revenue, USD
Million, 2011 - 2021)
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
Access Press Release of
Automotive Film Market@ www.grandviewresearch.com/press-release/global-automotive-film-market
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.
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