The automotive tinting film market global size is expected to value at USD 4.48 billion by 2025. The market is subject to witness substantial growth due to the increasing demand from the automotive sector to safeguard the interior of a car from harmful ultra-violet rays, heat, and glass glare. Additionally, increasing sales of vehicles across the globe is anticipated to boost the growth of the market in the coming years. The automotive tinting film market in the U.S is predicted to grow at significant CAGR during the forecast period, providing numerous opportunities for market players to invest in research and development in the automotive tinting film market.
The increasing demand for luxurious vehicles from different regions across the globe is expected to amplify demand for the automotive tinting film market in upcoming years. Other critical factors responsible for the growth of the market are increasing personal disposable income, rapid industrialization, and urbanization. Furthermore, the increasing number of privately-owned vehicles, majorly credited to high-end living standards both in developed and developing economies across the globe are leading to the increasing demand of the automotive tinting film market.
Similarly, a growing number of manufactures and installers on the global scale are most likely to complement market growth. Increasing adoption of the tinting film during the production of the windshields because of the growing security concerns is expected to boost sales of the automotive tinting film. Moreover, aggressive marketing strategies adopted by industry players in order to promote their product in the market are substantially influencing the market growth. Also, the growing need for safety and security among consumers are likely to boost demand for tinting films in near future.
Though, increasing incidences such as harassment, criminal activities, and lack of transparency are negatively impacting market growth in certain regions of the globe. Additionally, several laws and regulations in some of the developed economies regarding percentage use of visual light transmission (VLT) on the glass of a vehicle, are hampering the demand for automotive tinting film.
The development of co-extrusion technology, which is widely used during the production of bio-based polyester film is responsible for limiting the use of fossil fuels and offering enhanced carbon footprint, thus attributing to the expansion of the automotive tinting film market in recent years. Increasing adoption of multilayer nanotechnology during the manufacturing of tinting films with the use of polyester, acrylic glass, and PEN resin is expected to accelerate market demand. The windshield is vital in vehicles as it protects against heat, ultra-violet rays, and pollutants on a large scale. The adoption of tinting films for the production of windshields further aids in reducing heat and glare to offer better visibility.
Automotive tinting film further increases the vehicle’s resale value as well due to its attractive look. Automotive tinting film prevents 99% of harmful long wave ultraviolet A (UVA) and short wave ultraviolet B (UVB) radiation. Window tinting films are produced in variable shades and sizes. The thickness of shade varies accordingly percentage of variable light transmission, ranging from three to seventy percent. Prevention of direct sunlight window films entering the vehicle can damage both leather and interiors of the vehicle. Window tinting films not only offer protection from direct sunlight but also increase the life span of leather and vehicle interiors.
The automotive tinting film market is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America and the European region have shown major growth in recent years owing to the growing vehicle production and increasing demand for lavish and exotic vehicles in terms of production and sales.
Asia-Pacific region is predicted to hold a major market share in the automotive tinting film industry with massive growth in the forecast period. Countries such as South Korea, China, and Japan are leading the Asia-Pacific market with constant demand in the automotive sector coupled with increasing demand for window tints through OEMs. The key players in the automotive tinting film market are The 3M Company, Eastman Chemical Company, LLC, Global Window Films, and The Solar Gard.
Market Segment:
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Windows
• Windshields
Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicle (HCVs)
Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• the U.S.
• Europe
• Germany
• the U.K
• the Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
Research Support Specialist, USA