Automotive Films Market trends research and projections for 2018 - 2024
The Automotive Films Market trends are analysis from recent past with an eye on coming years in this report that also offers projections for Automotive Films Industry targeted at helping in business decisions.
The Automotive Films Market trends are analysis from recent past with an eye on coming years in this report that also offers projections for Automotive Films Industry targeted at helping in business decisions.
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<strong>Automotive</strong> <strong>Films</strong> <strong>Market</strong> Growth Trends<br />
<strong>and</strong> Forecast by <strong>2024</strong><br />
Europe <strong>Automotive</strong> <strong>Films</strong> <strong>Market</strong> dem<strong>and</strong>, led by Germany, Spain, UK, France <strong>and</strong><br />
Russia may expect rapid growth owing to technological development <strong>and</strong> escalating<br />
disposable income of consumers. Rise in automotive production <strong>and</strong> sales have led<br />
to the significant increase in market growth in Germany <strong>and</strong> Spain.<br />
<strong>Automotive</strong> <strong>Films</strong> <strong>Market</strong> size is predicted to witness substantial growth due to its<br />
increasing use in automobiles. Increasing per-capita income along with luxurious<br />
lifestyle have led to the growth in vehicle sales, thereby enhancing product dem<strong>and</strong>.<br />
<strong>Automotive</strong> films provide vehicles with aesthetic appeal, safety from radiations <strong>and</strong><br />
accidental vibrations <strong>and</strong> are less costly than paints. Rising consumer concern about<br />
skin protection due to solar heat <strong>and</strong> privacy requirements in vehicles may further<br />
promote industry growth<br />
<strong>Automotive</strong> films are generally thin laminate that can be applied to the automobiles<br />
interior <strong>and</strong> exterior surface of glass. Polyethylene terephthalate which is a<br />
thermoplastic polymer, is used <strong>for</strong> manufacturing films as it is hard, strong <strong>and</strong><br />
dimensionally stable. PET is dyed using high quality colour to prevent colour fading of<br />
car furniture due to UV rays.<br />
Rise in consumer health consciousness about skin problems, protection from harmful<br />
UV radiations <strong>and</strong> thermal insulation <strong>and</strong> need <strong>for</strong> privacy is likely to stimulate industry<br />
growth. Research has proven that significant skin damage occurs due to the prolonged<br />
exposure to UV radiations through car windows, window glass in office or building,<br />
where about 90% of skin cancers are associated with UV radiations. These are the<br />
factors that lead to the increase in automotive films market dem<strong>and</strong>.<br />
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<strong>Automotive</strong> window films are installed to the interior or exterior of car window which<br />
protects driver <strong>and</strong> passengers from solar energy that comprises of UV radiations,<br />
visible <strong>and</strong> infrared. Windshield is usually the largest window in the car <strong>and</strong> sun rays<br />
can diminish visibility <strong>and</strong> cause headache, can be prevented by installing<br />
automotive window films which can combat powerful sunrays.<br />
North America led by Canada <strong>and</strong> the U.S. automotive films market dem<strong>and</strong> may<br />
witness gains over the <strong>for</strong>ecast timeframe. This can be attributed to the increase in<br />
dem<strong>and</strong> <strong>for</strong> personalized vehicles <strong>and</strong> presence of key leaders is expected to have a<br />
positive impact on the market. Moreover, robust growth in construction industry is<br />
anticipated to boost market dem<strong>and</strong>.<br />
Installations of automotive films have been banned in some countries including Kuwait,<br />
India, Libya <strong>and</strong> Iraq to prevent the incidents of women harassments <strong>and</strong> criminal<br />
activities whereas some countries have imposed regulations on the percentage of<br />
visual light transmission allowed on the glass of a vehicle. Global automotive films<br />
market share is consolidated with key players operating in this industry are Lintec,<br />
Eastman Chemical, Zeofilms, Hexis S.A., Nexfil, Madico, Renolit, 3M Company, Saint-<br />
Gobain Per<strong>for</strong>mance Plastics, Avery Dennison, JMR Graphics, <strong>and</strong> Vvivid Vinyl.<br />
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