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Automotive Films - Global Market Trajectory & Analytics

  • ID: 4804415
  • Report
  • April 2021
  • Region: Global
  • 272 pages
  • Global Industry Analysts, Inc
Global Automotive Films Market to Reach $6.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Films estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$6.5 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Tinting Films, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wrap Films segment is readjusted to a revised 3.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 6.7% CAGR

The Automotive Films market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Paint Protection Films Segment to Record 3.7% CAGR

In the global Paint Protection Films segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$904.2 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$916.5 Million by the year 2027, while Latin America will expand at a 4.6% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • 3M Company
  • ADS Window Films Ltd.
  • Aegis Films
  • Allpro Window Films Inc.
  • Arlon Graphics, LLC.
  • Avery Dennison Corporation
  • Beijing Kangde Xin Composite Material Co., Ltd.
  • Eastman Chemical Company
  • Ergis Group
  • FOLIATEC Bohm GmbH & Co. Vertriebs KG
  • Garware Polyester Ltd.
  • Geoshield Window Film
  • Global Window Films
  • Hexis S.A.
  • Johnson Window Films, Inc.
  • Kay Premium Marking Films Ltd.
  • Lintec Corporation
  • Madico, Inc.
  • Maxpro Window Films
  • Nexfil Co, Ltd.
  • Prestige Film Technologies Inc.
  • RENOLIT SE
  • Saint-Gobain Performance Plastics Corporation
  • XPEL Technologies Corp
  • Zeofilms
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Automotive Films: An Overview
  • Window Films Segment to be the Largest Segment, by Film Type
  • Light Commercial Vehicles to Witness Fastest Growth
  • Passenger Cars: Dominating the Market
  • North America: Largest Regional Market for Automotive Films
  • Asia-Pacific: A Lucrative Market
  • Automotive Wrap Films: An Insight
  • Escalated Demand for Solar Protection Films to Propel the Market for Automotive Films
  • Market for Automotive Wrap Film Advertisements Gains Momentum
  • Rise in Automotive Production Globally Drives the Market for Auto Films
  • Environmental Benefits Combined with Increased Safety Concerns to Drive the Market Forward
  • Regulations related to Visible Light Transmission (VLT) and Stringent Government Laws Stalls the Market Growth
  • Market on a Consolidation Spree…
  • PRODUCT OVERVIEW
  • Automotive Films: An Introduction
  • Uses
  • Primary Properties
  • Regulations for Automotive Use
  • Certification and Standards
  • Types of Auto Window Tinting
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown
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