NEWARK, Del, July 18, 2022 (GLOBE NEWSWIRE) -- The automotive tinting film market is likely to flourish its growth at a CAGR of 4.9% and reach a valuation of USD 5.89 bn by 2032, while it holds a revenue of USD 3.83 Bn in 2022.
According to the research at FMI, Higher sales of luxurious cars with consumers and end users turning towards personal safety from high sun rays and other harmful rays are driving the sales of automotive tinting film in the new market spaces.
Heat and glare reduction function has been driving the demand for automotive tinting film as it provides the desired level of comfort by stopping the maximum percentage of sun rays by reflecting them back at sky or dispersing them around, expanding the automotive tinting film market size
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Sales of automotive tinting film increases with use of advanced nano technology to reduce the high heat by rejecting it through the help of the tinted films, providing a lifetime warranty to the end users.
The new market players entering the market space gaining a lot of traction, enabling new tint technology for the end users that doesn’t violate any government laws, thriving the demand for automotive tinting film.
Key Takeaways from Market Study
- According to the automotive tinting film market analysis states that Light commercial vehicles (LCV) is the leading vehicle type segment in the automotive tinting film market, attributing the growth to factors like ability to protect from UV rays with better cover and protection against any heavy object thrown towards the vehicle.
- Windshields are dominating the application segment, holding the major share in the automotive tinting film market, owing its growth to common use of it as it is the most exposed glass of the vehicle covering 40% of the window area of a vehicle.
- North America is forecasted to hold the major revenue in the global automotive tinting film market by the end of 2032, thriving on triggers like higher sales of vehicles and the growing diseases sunlight infection amongst people etc.
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“Automotive tinting film market survey suggests that the use of tinting film is increasing with the growing heat and UV penetration. Technologically advanced manufacturing units are producing automotive tinting films that are environmentally safe and can be considered less fueling the sales of automotive tinting film.” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of automotive tinting films are emphasizing bringing new technology to the market front. Key players are working together and developing new product lines to enter unapproached market places. New market players also expand the research and development chains to make the product cheaper and more accessible while taking care of the compliance policies of government, fueling the demand for automotive tinting films.
- Eastman has introduced its UV repellent automotive tinting film to prevent the damages of everything driving like rocks and pebbles, road salt, road debris and sand. This pushes the demand for automotive tinting film.
- Solar Screen smart film solution has launched its adhesive film automotive, enabling the end user to tint the windows and windscreens using a variety of colors, flourishing the sales of automotive tinting film.
Key Players:
- 3M
- Eastman Chemical Company
- TintFit Window Films Ltd.
- Madico, Inc.
- Saint-Gobain Performance Plastics Corporation
- TWF
- Armolan
- NEXFIL
- Solar Screen International SA
- Huper Optik USA
- Avery Dennison Israel Ltd. (Hanita Coatings RCA Ltd.)
- Johnson Window Films, Inc.
- GLOBAL WINDOW FILMS
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Automotive Tinting Film Market by Segmentation
By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
By Application:
- Windows
- Windshields
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
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