A thin laminate film can be used in the exterior and interior of glass surfaces in boats and automobiles and also used in the interior or exterior of glass in buildings and homes. This thin laminate film is known as automotive tinting film. It is made from polyethylene terephthalate (PET) which is a thermoplastic polymer resin of the family polyester. It has dimensional stability, clarity, high tensile strength, and the ability to accept a variety of embedded treatments or surface applies. According to the challenges, many types of automotive tinting films are built with different shades, thicknesses, grades, and colors. The problems such as heat and glare reduction, UV filtration, privacy, inherent to glazing, safety and security, branding, signage, decoration, and thermal insulation can be resolved by substituting exiting glass with automotive tinting film. The automotive tinting films can be categorized by their intended use such as architectural, automotive, and marine, by their construction components like pigmented, dyed, ceramic, nano, and metalized, by their technical performance like safety, security, privacy, and solar control and by substrate types like polycarbonate or glass.
COVID-19 Impact Analysis
- Due to COVID-19 the automotive tinting film market was affected negatively.
- The vehicles were reduced also the manufacturing of plastic raw materials was reduced which impacted the automotive tinting film market.
- The shortage of manpower was created which halted many activities due to the lockdown restrictions imposed worldwide.
- Due to the COVID-19, the lockdown was imposed and majority of the urban population was working from their homes and that reduced the traveling. This has affected automotive sales and production.
Top Impacting Factors
The demand for vehicles is increasing which boosts the selling of vehicles. The expansion of the automotive industry is driving the growth of the automotive tinting film market. Consumers are opting for automotive tinting film for protecting their vehicles from exterior factors such as heat, rain, dust, and others. Also, if these films are used in vehicles the automotive paint can last long. These factors are increasing the demand for automotive tinting film.
These automotive tinting films also provide protection from UV rays and shield from other radiations of the sun. However, the crime rates inside a vehicle are increasing, because of this, the use of these automotive tinting films is prohibited in many countries. This can restrain the growth of the automotive tinting film market.
Market Trends
- As vehicle production in North American countries like the U.S and Canada is increasing, boosting the growth of the product.
- In European countries like France, Germany, and Spain the growth of the automotive film market is due to the increase in vehicle sales and renewed interest in electric vehicles.
- In the Asia-Pacific region, the contribution of India and China is increasing the market.
- Also, the surge in luxury cars in the Asia-Pacific region is boosting the growth.
- The key players are adopting many strategies like acquisition, new product launches. Contract and agreement and partnership for the development of their business and to fulfill the demand from the many industries.
- In August 2019, The US-based manufacturer of window tinting film Madico Inc., acquired two Canadian distributors of window film and created a new entity Madico Canada. The company operates the distribution sites of Ontario, Oakville, and British Columbia to serve the local market. Due to this the company’s position in North America has strengthened.
- In January 2020, the key player of automotive tinting film market SolarGard announced a partnership with Asian automotive distribution with brand name ShengJia. The partnership strength the hold of the company over the Asian Automotive industry.
Key Benefits of the Report
- This study presents the analytical depiction of the automotive tinting film industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the automotive tinting film market share.
- The current market is quantitatively analyzed to highlight the automotive tinting film market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed automotive tinting film market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in the Automotive Tinting Film Market Report
- Who are the leading market players active in the automotive tinting film market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Key Market Segments
- By Type
- Window Film
- Windshield Film
- By Application
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Solar Control Films
- Saint Gobain
- Solar Gard
- The Vinylex Corporation
- CPFilms
- Asahi Glass Co.
- Garware Wallcoo
- Johnson Window Films
- Eastman Chemical Company
- Chemiplas