The
global automotive tinting film market is expected to reach USD 4.48
billion by 2025, according to a new report by Grand View Research, Inc. The
increasing installation of tinting films on windows and windshields is expected
to drive the market growth.
Rapid
expansion of automotive sector in China, Japan, and Argentina is expected to
trigger consumption of tinting films over the forecast period. Increasing
consumer disposable income coupled with technological advancements such as the
advent of bio-based polyester films is expected to fuel market growth.
The
benefits offered by the product include heat protection, protection against
harmful UV rays, glare, and improved vehicle aesthetics. Growing consumer
awareness regarding the benefits along with recovery of automotive industry
across the globe is expected to drive demand.
Tinting
films help in reducing solar heat gain & winter heat loss and maintain
sustainable & comfortable environment. In addition, the use of Ultra
Violet-A filtering tinting films reduce the risk of skin cancer & skin
damage. Environmental benefits offered by product along with rising safety
concerns among consumers is expected to drive growth.
U.S.
automotive tinting film market revenue by application, 2014 - 2025 (USD
Million)
Browse full
research report on Automotive Tinting Film Market: Http://Www.Grandviewresearch.Com/Industry-Analysis/Automotive-Tinting-Film-Market
Further key
findings from the report suggest:
- Window tints installed on the windshields block
around 43% heat and 99% UV rays, which is expected to augment product
demand. Windshields application segment is projected to account for 60.2%
by 2025.
- Passenger cars accounted for 66% of global
tinting film industry in 2016 on account of the growing demand for window
tints in premium passenger cars to protect center console and automotive
electronics from heating
- LCVs are expected to denote a CAGR of 5.3%
owing to the use of the vehicles for home deliveries and improvements in
trade and transportation in developed economies of North America and
Europe
- North America accounted for the largest revenue
share in 2016 on account of growing demand for window tints in windshields
to enhance glare protection for improved clarity while driving
- China accounted for the largest revenue share
in Asia Pacific and expected to grow at a predicted CAGR of 6.1% on
account of growing demand for luxury cars coupled with increasing
installation of colored tints in the country
- Companies including 3M and Eastman have goodwill
in the industry, which gives them an added advantage over local
manufacturers in expanding the distribution network to maintain
competitive prices
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global automotive tinting film
market on the basis of application, vehicle type, and region:
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
- U.S.
- Europe
- Germany
- U.K
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-tinting-film-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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