Automotive Films Market to Register Highest CAGR Growth of 5.15% by 2028

July 17, 2023

The automotive films market is expected to witness market growth at a rate of 5.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive films market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product from the automotive sector globally is escalating the growth of automotive films market.

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Market Analysis and Insights : Global Automotive Films Market

The automotive film refers to a thin laminate that is utilized to the interior and exterior of a vehicle offering enhanced security and privacy to the passenger or owner of the vehicle. Automotive are often made of various materials such as polyester, polystyrene, polycarbonate, and polyvinyl chloride, among others. These films enhance the overall appearance of the vehicle and block solar ultraviolet radiations providing comfort by reducing glare from the sun.

The increase in demand for mobile advertising across the globe acts as one of the major factors driving the growth of automotive films market. The increase in number of installation of automotive films as they provide protection against harmful sun radiation and lower the cost of energy, and rise in demand for components such as adhesives, scratch-resistant coating, alloys, UV inhibitors, release liner, polyester sheet, dyes, and metals, for enhancing the durability and performance of window tints accelerate the market growth. The surge in demand for interior application of the product owning to increasing demand for tinting films and NVH film laminates, and rise in concern for safety, security, and privacy, further influence the market. Additionally, industrialization, increase in demand for paint protection owing to higher maintenance costs, and growth in consumer awareness positively affect the automotive films market. Furthermore, rise in demand for passenger cars and improving standard of living extends profitable opportunities to the market players in the forecast period of 2021 to 2028.

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Automotive Films Market Scope and Market Size

The automotive films market is segmented on the basis of film type, vehicle type, application, function, and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Global Automotive Films Market, By Films Type (Automotive Window Films, Automotive Wrap Films, Paint Protection Films, Tinting Films, NVH Film Laminates, Wrap Films), Vehicle Type (Passenger Cars, Commercial Vehicles), Application (Interior, Exterior), Function (Protection, NVH), Distribution Channel (Original Equipment Manufacturers (OEMs), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028