Compared to the year 2016, the global automobile window film market size managed to increase by 8.63% and reached at US$ 1,703.14 Mn in 2017. The global Automobile Window Film market is expected to reach US$ 2,787.8 Mn by 2023. The overall performance of the automobile window film market is positive, despite the weak economic environment and thus projected exhibit exponential CAGR of 10.36% between 2017 and 2023.
Global Automobile Window Film Market: Driver
One of the most significant reasons behind the remarkable growth of global automobile film market is the stringent policies set by the government for the protection of automobile. Besides, the cost of these films is relatively low than paints which are likely to create a positive impact on the global market for automobile window film. Rising awareness of constructing energy efficient buildings and increasing demand for window films from end-use industries is also expected to boost the growth of the global automobile window film market.
Global Automobile Window Film Market: Key Takeaways
Window film can help in reducing the amount of solar heat transmission through window glass by increasing the solar reflection and solar absorption through the glass. Window film is widely used in automotive and for any others buildings including commercial and residential to reduce the solar heat. As the demand for downstream industries has rapidly increased for the wider range of applications, the demand for window film will also increase accordingly.
Global Automobile Window Film Market: Forecast by Competition Status
Eastman is the world leading manufacturer in global Automobile Window Film market with the market share of 15.13%, in terms of production, followed by 3M. Solar Gard-Saint Gobain and Madico.
Global Automobile Window Film Market: Forecast by Region
Automobile Window Film industry is relatively concentrated, manufacturers are mostly located in North America, Europe and, the Asia Pacific. Among them, North America’s production volume accounted for more than 50 % of the total production volume of global automobile window film in 2017.
Global Automobile Window Film Market: Key Players
Eastman, 3M, Solar Gard-Saint Gobain, Madico, Johnson, Hanita Coating, Haverkamp, Garware SunControl, Wintech, Erickson, KDX Optical Material key vendors included in this report.
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