Global Automotive Films Market Analysis & Trends - Industry Forecast to 2030
Automotive Films: Market Size
From $8.04 billion in 2024, the global Automotive Films market is projected to reach $13.85 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 9.5% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include demand for safety needs in vehicles, increasing concern for safety, security, and privacy, and the increase in the number of automobiles.
Global Automotive Films Market: Market Dynamics
Growing demand for mobile advertising and installation of automotive films provide protection against harmful sun radiation and lower the cost of energy are the major factors driving the market growth.
On the other hand, the stringent regulations for automotive films in various countries are likely to obstruct the profit boundaries. In addition, growing demand for passenger cars and improving the standard of living will further boost the Automotive Films market.
Impact of COVID-19 on Automotive Films
The effect of the COVID-19 pandemic in the market is clearer than ever. The business has been seriously affected as the assembling of certain plastic feedstock’s just as vehicles have essentially decreased. With the lockdown limitations forced across the globe, there has been a deficiency of labor which has ended major financial exercises. Auto creation and deals have plunged to uncommon levels that can be expected, thinking about the vulnerability among purchasers. One of the primary factors behind low deals can be credited to most of the working population are working from their homes and traveling is relatively low. For instance, in the Automotive film market because there was no automotive production the films were pretty much useless, and not only that the materials required for the production of films were not getting supplied properly because the supply chain was completely distorted. Because of the COVID-19 pandemic, the production business has confronted difficulties, because of co-ordinations and the inaccessibility of crude materials. Interests in development are assessed to have been removed worldwide, because of the enormous fall in the financial sectors across the world. Because of this, the interest in window films decreased radically.
By Vehicle Type
Passenger Cars Segment Dominate the Market in 2024
The passenger cars segment made huge revenue in 2024 during the forecast period. In passenger cars, films are installed on vulnerable areas such as front bumpers, hoods, side mirrors, door handle cavities, door edges, rocker panels, and rear fender panels to protect the vehicles from stains, scratches, and elements that may damage the appearance of vehicles.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period due to the rising standard of living. In addition, government initiatives and policies to attract investments from various international companies to expand the automotive industry will also boost the growth of the market in the region.
List of the Key Players Profiled in the Market Include: • 3M Company
• Eastman Chemical Company
• Avery Dennison Corporation
• Lintec Corporation
• Saint-Gobain Performance Plastics
• Ergis S.A.
• Garware Polyester Limited
• Hexis S.A.
• Johnson Window Film Inc.
• Nexfil Co, Ltd.
• Ads Window Films Limited
• Aegis Films
• Allpro Window Films Inc.
• Renolit Group
• Beijing Kangde Xin Composite Material Co., Ltd
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others