The global Automotive Tinting Film Market size is expected to
reach USD 4.46 billion by 2025, according to a new report by Grand View
Research, Inc. It is projected to expand at CAGR of 5.1% over the forecast
period. The major factor driving the demand for automotive tinting films is the
increasing global automotive production. The demand for passenger vehicles has
witnessed substantial growth, primarily from Asian countries such as India,
China, and Japan.
The demand for passenger vehicles has seen an
upsurge in developing economies on account of rapid urbanization and increasing
working population and disposable income. This is expected to positively impact
the product demand over the forecast period.
However, various regulations regarding the Visible
Light Transmission (VLT) are expected to restrain the market growth. In
addition, onset of Chinese tinted glasses in the global market is expected
hamper the demand for tinting films.
Tinting films help reduce solar heat gain and
winter heat loss and maintain sustainable and comfortable environment. In
addition, the use of Ultra Violet-A filtering tinting films reduces the risk of
skin cancer and skin damage. Environmental benefits offered by these films
along with rising safety concerns among consumers is expected to drive the
market.
The market is characterized by the presence of a
large number of players. The competitive rivalry is quite intense in the
automotive tinting film market owing to the presence of several large and small
players. Constant growth of automotive industry is anticipated to further fuel
the rivalry among competitors in near future.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/automotive-tinting-film-market
Further key findings from the
report suggest:
- LCV is expected to be the fastest growing segment of the global
automotive tinting film market over the forecast period
- Windshield application segment in North America was estimated as
the largest segment in 2018
- China was estimated to be the largest market in Asia Pacific
region owing to rising demand for security and privacy
- Major market players are Eastman Chemical Company; 3M;
Saint-Gobain Solar Gard; and Madico, Inc.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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