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Monday, December 5, 2022

Automotive Tinting Film Market to Achieve a High CAGR Of 4.9% During Forecast Period 2022 – 2032 | FMI

Last updated Thursday, October 6, 2022 02:10 ET , Source: Future Market Insights, Inc.

Newark, United States, 10/06/2022 / Future Market Insights, Inc. /

The automotive tinting films market is likely to flourish its growth at a CAGR of 4.9% and reach a valuation of USD 5.89 bn by 2032, while it holds a revenue of USD 3.83 Bn in 2022.

According to the research at FMI, Higher sales of luxurious cars with consumers and end users turning towards personal safety from high sun rays and other harmful rays are driving the sales of automotive tinting film in the new market spaces.

Heat and glare reduction function has been driving the demand for automotive tinting film as it provides the desired level of comfort by stopping the maximum percentage of sun rays by reflecting them back at sky or dispersing them around, expanding the automotive tinting film market size

Sales of automotive tinting film increases with use of advanced nano technology to reduce the high heat by rejecting it through the help of the tinted films, providing a lifetime warranty to the end users.

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The new market players entering the market space gaining a lot of traction, enabling new tint technology for the end users that doesn’t violate any government laws, thriving the demand for automotive tinting film.

Key Takeaways from Market Study

  • According to the automotive tinting film market analysis states that Light commercial vehicles (LCV) is the leading vehicle type segment in the automotive tinting film market, attributing the growth to factors like ability to protect from UV rays with better cover and protection against any heavy object thrown towards the vehicle.
  • Windshields are dominating the application segment, holding the major share in the automotive tinting film market, owing its growth to common use of it as it is the most exposed glass of the vehicle covering 40% of the window area of a vehicle.
  • North America is forecasted to hold the major revenue in the global automotive tinting film market by the end of 2032, thriving on triggers like higher sales of vehicles and the growing diseases sunlight infection amongst people etc.

“Automotive tinting film market survey suggests that the use of tinting film is increasing with the growing heat and UV penetration. Technologically advanced manufacturing units are producing automotive tinting films that are environmentally safe and can be considered less fueling the sales of automotive tinting film.”  says a Future Market Insights analyst.

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Competitive Landscape

Key manufacturers of automotive tinting films are emphasizing bringing new technology to the market front. Key players are working together and developing new product lines to enter unapproached market places. New market players also expand the research and development chains to make the product cheaper and more accessible while taking care of the compliance policies of government, fueling the demand for automotive tinting films.

  • Eastman has introduced its UV repellent automotive tinting film to prevent the damages of everything driving like rocks and pebbles, road salt, road debris and sand. This pushes the demand for automotive tinting film.
  • Solar Screen smart film solution has launched its adhesive film automotive, enabling the end user to tint the windows and windscreens using a variety of colors, flourishing the sales of automotive tinting film.

Automotive Tinting Film Market by Segmentation

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Application:

  • Windows
  • Windshields

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By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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The post Automotive Tinting Film Market to Achieve a High CAGR Of 4.9% During Forecast Period 2022 – 2032 | FMI appeared first on Future Market Insights.

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