The automotive film market size has grown strongly in recent years. It will grow from $5.6 billion in 2023 to $5.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. During the historical period, growth can be attributed to several factors, including an increase in demand for passenger vehicles, rising atmospheric temperatures, robust economic expansion in emerging markets, growth in automobile production, and a heightened demand for commercial vehicles.
The automotive film market size is expected to see strong growth in the next few years. It will grow to $7.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. Forecasted growth is driven by increased demand for passenger and commercial vehicles, rising temperatures, and strong economic growth in emerging markets. Major trends include TPU paint protection films (PPFs) development, high-thickness PPFs to meet consumer demand, cost-effective and sustainable paint films, advanced products such as graphene-enhanced nano-ceramic window films, mergers and acquisitions, and radar-transparent bright films for automobiles.
The growth of the automotive film market is expected to be propelled by the increased demand for passenger vehicles in developing economies. Passenger vehicles, defined as those designed, built, or modified to transport people, utilize automotive films for sun protection, heat reduction, and interior temperature control. In the fiscal year 2021, the Society of Indian Automobile Manufacturers (SIAM) reported a 13.2% increase in overall passenger vehicle sales in India, rising from 2.71 million in 2020 to 3.07 million. In China, the State Council indicated a 4.4% year-over-year increase in the sales of passenger cars to 20.15 million units in 2021, with a notable surge in demand for new energy vehicles (NEVs). This burgeoning demand for passenger vehicles in developing economies is a key driver for the automotive film market.
The automotive film market is expected to experience growth driven by the increasing demand for paint protection films (PPFs) within the automotive sector. PPFs are extensively used to shield vehicles from road debris, scratches, gravel, and other particulate matter. With rising automobile production, the demand for PPFs in the automotive sector is anticipated to witness significant growth. According to a March 2023 report by Kelly Blue Book, vehicles equipped with PPFs maintained a 5% higher resale value in 2022 compared to those without such protection. This is attributed to the ability of PPFs to preserve the vehicle's appearance and condition, enhancing its appeal to potential buyers and consequently increasing its resale value. The escalating demand for PPFs from the automotive sector is poised to drive the automotive film market in the foreseeable future.
Leading companies in the automotive film sector are directing their efforts towards the development of radar-transparent bright films for automobiles, aiming to enhance their product portfolios. AkzoNobel, a Netherlands-based paint and coating manufacturing company, exemplifies this strategy with its introduction of a radar-transparent bright film in July 2021. This innovative film allows for the coating of decorative metallic parts that conceal radar sensors while ensuring the unimpeded transmission of signals. Developed in collaboration with customers, this radar-transparent bright film enables automobile manufacturers to discreetly place sensors behind solid metal, without compromising the signals of critical safety features such as anti-collision warnings.
A notable trend gaining prominence in the automotive film market is the rapid development of TPU Paint Protection Films (PPFs). Recognized for their outstanding durability, clarity, and self-healing properties, TPU PPFs offer unparalleled protection against road debris, UV rays, and minor scratches, preserving the pristine appearance of a vehicle's paint finish. This trend underscores the increasing demand for advanced protection solutions that seamlessly integrate aesthetics and functionality, catering to the preferences of both car enthusiasts and manufacturers. Covestro, a German-based materials manufacturer, exemplifies this trend with the launch of its Desmopan UP TPU series in May 2023. The UP in the series name signifies 'ultimate protection,' emphasizing the material's durability, adaptability, and aesthetic qualities. Designed for use in paint protection films (PPFs), the Desmopan UP TPU series safeguards automotive surface coatings from harsh environmental conditions, offering an effective solution that also finds applications in protecting wind blades and smart device screens.
In September 2021, Eastman Chemical Company, a US-based chemical industry leader, acquired Matrix Films LLC for an undisclosed sum. This acquisition included Matrix Film's premium shield brand and automotive film patterns, aimed at enhancing Eastman Chemical's strength and uniqueness in the market. By integrating PremiumShield's skilled team and extensive pattern database, Eastman aims to bolster its position as a leader in performance films. Matrix Films, LLC, based in the US, specializes in manufacturing premium shields and automotive films.
Major companies operating in the automotive film market report are 3M Company, Compagnie de Saint-Gobain S.A., Avery Dennison Corporation, Toray Industries, Inc., Eastman Chemical Company, Lintec Corporation, Arlon Graphics LLC, Ergis S.A., Hexis S.A., Madico Inc., Garware Polyester Ltd., Sekisui Chemical Co., Ltd., Solar Gard, KDX Window Film, Nexfil, Solar Window Film, The Window Film Company, Opalux, Solar Screen GmbH, Armolan, Bekaert Specialty Films, Global Window Films, Skyfol, XPEL Czech Republic, LLumar, hüper optik, Rayno Window Film, Convenience Group Inc., Window Film, Protex, Insulfilm, Bryan Window Films, Polar Jet Vehicle Polarization, Hanita Coatings, Mist of Miami, Al Shafaf Window Tinting & Car Accessories llc, Totalgard Window Films.
North America was the largest region in the automotive film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive film market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of automotive films include window film, paint protection film, and wrap film. Window film not only aids in energy conservation but also safeguards indoor furnishings by filtering harmful UV rays. It is a thin laminate applied inside or outside glass surfaces, available in various materials such as dyed, metalized, and ceramic. These films are utilized in different vehicle types, including passenger and commercial vehicles, serving both interior and exterior applications.
The automotive films market research report is one of a series of new reports that provides automotive film market statistics, including global market size, regional shares, competitors with automotive film market share, detailed automotive film market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive film industry. This automotive film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive films market consists of sales of crystalline, color-stable, obsidian, and fx premium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive film market size is expected to see strong growth in the next few years. It will grow to $7.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. Forecasted growth is driven by increased demand for passenger and commercial vehicles, rising temperatures, and strong economic growth in emerging markets. Major trends include TPU paint protection films (PPFs) development, high-thickness PPFs to meet consumer demand, cost-effective and sustainable paint films, advanced products such as graphene-enhanced nano-ceramic window films, mergers and acquisitions, and radar-transparent bright films for automobiles.
The growth of the automotive film market is expected to be propelled by the increased demand for passenger vehicles in developing economies. Passenger vehicles, defined as those designed, built, or modified to transport people, utilize automotive films for sun protection, heat reduction, and interior temperature control. In the fiscal year 2021, the Society of Indian Automobile Manufacturers (SIAM) reported a 13.2% increase in overall passenger vehicle sales in India, rising from 2.71 million in 2020 to 3.07 million. In China, the State Council indicated a 4.4% year-over-year increase in the sales of passenger cars to 20.15 million units in 2021, with a notable surge in demand for new energy vehicles (NEVs). This burgeoning demand for passenger vehicles in developing economies is a key driver for the automotive film market.
The automotive film market is expected to experience growth driven by the increasing demand for paint protection films (PPFs) within the automotive sector. PPFs are extensively used to shield vehicles from road debris, scratches, gravel, and other particulate matter. With rising automobile production, the demand for PPFs in the automotive sector is anticipated to witness significant growth. According to a March 2023 report by Kelly Blue Book, vehicles equipped with PPFs maintained a 5% higher resale value in 2022 compared to those without such protection. This is attributed to the ability of PPFs to preserve the vehicle's appearance and condition, enhancing its appeal to potential buyers and consequently increasing its resale value. The escalating demand for PPFs from the automotive sector is poised to drive the automotive film market in the foreseeable future.
Leading companies in the automotive film sector are directing their efforts towards the development of radar-transparent bright films for automobiles, aiming to enhance their product portfolios. AkzoNobel, a Netherlands-based paint and coating manufacturing company, exemplifies this strategy with its introduction of a radar-transparent bright film in July 2021. This innovative film allows for the coating of decorative metallic parts that conceal radar sensors while ensuring the unimpeded transmission of signals. Developed in collaboration with customers, this radar-transparent bright film enables automobile manufacturers to discreetly place sensors behind solid metal, without compromising the signals of critical safety features such as anti-collision warnings.
A notable trend gaining prominence in the automotive film market is the rapid development of TPU Paint Protection Films (PPFs). Recognized for their outstanding durability, clarity, and self-healing properties, TPU PPFs offer unparalleled protection against road debris, UV rays, and minor scratches, preserving the pristine appearance of a vehicle's paint finish. This trend underscores the increasing demand for advanced protection solutions that seamlessly integrate aesthetics and functionality, catering to the preferences of both car enthusiasts and manufacturers. Covestro, a German-based materials manufacturer, exemplifies this trend with the launch of its Desmopan UP TPU series in May 2023. The UP in the series name signifies 'ultimate protection,' emphasizing the material's durability, adaptability, and aesthetic qualities. Designed for use in paint protection films (PPFs), the Desmopan UP TPU series safeguards automotive surface coatings from harsh environmental conditions, offering an effective solution that also finds applications in protecting wind blades and smart device screens.
In September 2021, Eastman Chemical Company, a US-based chemical industry leader, acquired Matrix Films LLC for an undisclosed sum. This acquisition included Matrix Film's premium shield brand and automotive film patterns, aimed at enhancing Eastman Chemical's strength and uniqueness in the market. By integrating PremiumShield's skilled team and extensive pattern database, Eastman aims to bolster its position as a leader in performance films. Matrix Films, LLC, based in the US, specializes in manufacturing premium shields and automotive films.
Major companies operating in the automotive film market report are 3M Company, Compagnie de Saint-Gobain S.A., Avery Dennison Corporation, Toray Industries, Inc., Eastman Chemical Company, Lintec Corporation, Arlon Graphics LLC, Ergis S.A., Hexis S.A., Madico Inc., Garware Polyester Ltd., Sekisui Chemical Co., Ltd., Solar Gard, KDX Window Film, Nexfil, Solar Window Film, The Window Film Company, Opalux, Solar Screen GmbH, Armolan, Bekaert Specialty Films, Global Window Films, Skyfol, XPEL Czech Republic, LLumar, hüper optik, Rayno Window Film, Convenience Group Inc., Window Film, Protex, Insulfilm, Bryan Window Films, Polar Jet Vehicle Polarization, Hanita Coatings, Mist of Miami, Al Shafaf Window Tinting & Car Accessories llc, Totalgard Window Films.
North America was the largest region in the automotive film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive film market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of automotive films include window film, paint protection film, and wrap film. Window film not only aids in energy conservation but also safeguards indoor furnishings by filtering harmful UV rays. It is a thin laminate applied inside or outside glass surfaces, available in various materials such as dyed, metalized, and ceramic. These films are utilized in different vehicle types, including passenger and commercial vehicles, serving both interior and exterior applications.
The automotive films market research report is one of a series of new reports that provides automotive film market statistics, including global market size, regional shares, competitors with automotive film market share, detailed automotive film market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive film industry. This automotive film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive films market consists of sales of crystalline, color-stable, obsidian, and fx premium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Film Market Characteristics3. Automotive Film Market Trends and Strategies32. Global Automotive Film Market Competitive Benchmarking33. Global Automotive Film Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automotive Film Market
4. Automotive Film Market - Macro Economic Scenario
5. Global Automotive Film Market Size and Growth
6. Automotive Film Market Segmentation
7. Automotive Film Market Regional and Country Analysis
8. Asia-Pacific Automotive Film Market
9. China Automotive Film Market
10. India Automotive Film Market
11. Japan Automotive Film Market
12. Australia Automotive Film Market
13. Indonesia Automotive Film Market
14. South Korea Automotive Film Market
15. Western Europe Automotive Film Market
16. UK Automotive Film Market
17. Germany Automotive Film Market
18. France Automotive Film Market
19. Italy Automotive Film Market
20. Spain Automotive Film Market
21. Eastern Europe Automotive Film Market
22. Russia Automotive Film Market
23. North America Automotive Film Market
24. USA Automotive Film Market
25. Canada Automotive Film Market
26. South America Automotive Film Market
27. Brazil Automotive Film Market
28. Middle East Automotive Film Market
29. Africa Automotive Film Market
30. Automotive Film Market Competitive Landscape and Company Profiles
31. Automotive Film Market Other Major and Innovative Companies
35. Automotive Film Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automotive Film Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive film market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for automotive film? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Film Type: Automotive Films Window Film: Paint Protection Films (PPF): Wrap Film
2) By Vehicle Type: Passenger: Commercial
3) By Material Type: Dyed; Metalized; Ceramic
4) By Application: Interior: Exterior
Key Companies Mentioned: 3M Company; Compagnie de Saint-Gobain S.A.; Avery Dennison Corporation; Toray Industries, Inc; Eastman Chemical Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 3M Company
- Compagnie de Saint-Gobain S.A.
- Avery Dennison Corporation
- Toray Industries, Inc
- Eastman Chemical Company
- Lintec Corporation
- Arlon Graphics LLC
- Ergis S.A.
- Hexis S.A.
- Madico Inc
- Garware Polyester Ltd
- Sekisui Chemical Co., Ltd
- Solar Gard
- KDX Window Film
- Nexfil
- Solar Window Film
- The Window Film Company
- Opalux
- Solar Screen GmbH
- Armolan
- Bekaert Specialty Films
- Global Window Films
- Skyfol
- XPEL Czech Republic
- LLumar
- hüper optik
- Rayno Window Film
- Convenience Group Inc
- Window Film
- Protex
- Insulfilm
- Bryan Window Films
- Polar Jet Vehicle Polarization
- Hanita Coatings
- Mist of Miami
- Al Shafaf Window Tinting & Car Accessories llc
- Totalgard Window Films
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 5.96 Billion |
Forecasted Market Value ( USD | $ 7.69 Billion |
Compound Annual Growth Rate | 6.6% |
Regions Covered | Global |
No. of Companies Mentioned | 37 |