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.
For More Information: www.grandviewresearch.com
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