Portland, OR -- (SBWire) -- 08/04/2017 --Automotive films are used in vehicles to provide protection to the vehicle from harmful sun rays, and increase the privacy of vehicles. The trend of using automotive films in vehicles is on an increase at an exponential due to changes in atmospheric conditions and rise in awareness for the protection of skin from sun rays. Motorsports have become an accepted trend among consumers these days. Automotive wraps are increasingly used to provide striking looks to racing cars. Rise in consumption of motorsports wraps in events including Porsche Carrera Cup, Formula Ford, Formula 1, Touring cars & GTs, & Formula 3 have led to rapid evolution in demand for automotive films in light duty vehicles. The global automotive films market is expected to grow at a CAGR of 5.1% from 2017 to 2025.
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Based on film type, the market is divided into automotive window films, automotive wrap films, and paint protection films. By vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics
Drivers
Growth in demand for mobile advertising
Installation of automotive films provides protection against harmful sun radiation and lowers the cost of energy
Improvement in living standard in emerging countries such as China and Indonesia
Restraints
Stringent regulations for automotive films in various countries
Market Players
Top market players profiled in the report are 3M Company (U.S.), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), Lintec Corporation (Japan), Saint-Gobain Performance Plastics (France), Ergis S.A. (Poland), Garware Polyester Limited (India), Hexis S.A. (France), Johnson Window Film Inc. (U.S.), and Nexfil Co., Ltd. (South Korea).
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MARKET LANDSCAPE
By Film Type
Automotive Window Films
Automotive Wrap Films
Paint Protection Films
By Vehicle Type
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
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Global Automotive Films Market Is Expected to Grow at a CAGR of 5.1% from 2017 to 2025
The global automotive films market is expected to grow at a CAGR of 5.1% from 2017 to 2025.