Global Automotive Tint Film Market 2022: Increasingly Global Automotive Production and Rising Demand from Developing Economies Fueling Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Automotive Tinting Film Market Size, Share, Trends and Analysis Report by Vehicle Type (Passenger Cars, LCV, HCV), by Application (Windows, Windshield), by Region and Segment Forecast , 2022-2030″ report has been added to ResearchAndMarkets.com’s offer.
Automotive Tinting Film Market Growth and Trends
The global automotive tint film market size is expected to reach USD 5.72 billion by 2030, according to a new report. It is expected to grow at a CAGR of 5.1% over the forecast period.
The major factor driving the demand for automotive tint films is the increasingly global automotive production. Market demand for passenger vehicles has grown substantially, primarily in Asia, from countries like India, China and Japan.
The demand for passenger vehicles has seen an upsurge in developing economies due to rapid urbanization, increasing labor force and increasing disposable income. This is expected to have a positive impact on the demand for the product over the forecast period. COVID-19 had a negative impact on the market in 2020. In the event of a pandemic, automotive production units were temporarily shut down due to government-imposed lockdown to prevent the spread of COVID-19 cases.
However, various regulations regarding visible light transmission (VLT) are expected to restrain the market growth over the forecast period. In addition, the appearance of Chinese tinted glasses in the global market is expected to hamper the demand for tinted films. Various governments have imposed bans or restrictions on the use of automotive tint films. This regulation has hampered the expansion of the market.
Tinted films help reduce solar heat gain and winter heat loss and maintain a sustainable and comfortable environment. In addition, the use of tinted Ultra Violet-A filter films reduces the risk of skin cancer and skin damage. The environmental benefits offered by the product along with growing safety concerns among consumers are expected to drive the growth.
The market is characterized by the presence of a large number of players and the competitive rivalry is quite intense in the market owing to the presence of several large and small players. The rivalry between competitors is expected to be strong in the coming years due to the steady growth of the automotive industry.
Highlights of the Automotive Tinting Films Market Report
LCV is expected to be the fastest growing segment of the global automotive tint film market over the forecast period.
Windshield application segment in North America was estimated as the largest market in 2021.
China was considered the biggest market in Asia-Pacific.
The major players in the market are Eastman Chemical Company; 3M; Saint-Gobain Performance Plastics Corporation; and Madico, Inc.
In June 2019, Eastman Chemical Company (Eastman Performance Films, LLC) announced the launch of the automotive window tint series known as the LLumar IRX series. The company aims to provide a better offer to customers and create growth opportunities for its dealers with this launch.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Automotive Tinting Film: Market Variables, Trends and Scope
Chapter 4 Automotive Tinting Film Market: Vehicle Type Estimates and Trend Analysis
Chapter 5 Automotive Tinting Film Market: Application Estimates and Trend Analysis
Chapter 6 Automotive Tinting Film Market: Regional Estimates and Trend Analysis
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
Eastman Chemical Company
Window Films TintFit Ltd.
Avery Dennison Israel Ltd. (Hanita Coatings RCA Ltd.)
Johnson Window Films, Inc.
GLOBAL SHOWCASE FILMS
Saint-Gobain Performance Plastics Corporation
Sunscreen International SA
Huper Optik United States
For more information on this report, visit https://www.researchandmarkets.com/r/n7jm4u