The increasing installation of tinting films on windows and windshields is expected to drive the market growth. 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.
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.
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.
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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 coloured tints in the country.
Market Segmentation of Automotive Tinting Film Market:
The Global Automotive Tinting Film Market segmented on the basis of Application, Vehicle Type, and Region.
By Application:
Windows
Windshields
By Vehicle Type:
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicle (HCVs)
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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