Global Automotive Tinting Film Market By Applications (Windows and Windshields), By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs)), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the global Automotive Tinting Film Market was valued at USD 3.9 billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 5.6%. It is expected to reach USD 6.6 billion by 2032.

The rise in the automotive industry is the factor propelling the growth of the market, mostly in emerging economies. The growth of the market is driven by the consumers who want to protect the car interior from the harmful sun rays and personal safety. The rise in the disposable income of the people and the rise in the working population in emerging economies have increased the demand for passenger vehicles, which will eventually propel the growth of the market globally.

It is also the simplest technology in the car which is installed to add style and function to the car. Although the tinted films are capable of reducing and blocking UV rays, and also it can regulate the car temperature. Consumers prefer dark-tinted films, which can enhance the privacy experience. The vehicles which are manufactured by the OEM automakers come with tinted films, but the customer can go with aftermarket tinted films for better styling and features. Due to the environmental advantages and the rising consumer safety concern, the growth of tinted films can be seen.

Driving Factors

Soaring Temperature and the Rise in the Automobile Industry to Propel the Growth of the Market

The growth in automotive sales has increased in the last few years, which was propelling the growth of the market. The rise in the disposal incomes of people in emerging economies is expected to drive the growth of the automobile sector during the forecast period, which will eventually result in the growth of the market. The rise in the atmosphere temperatures is also driving the growth of the market during the forecast period.

These films work as a shield and prevent the soaring heat from entering the vehicles. During the summer season, some parts of the world experience inhuman temperatures. These films ease the temperature inside the vehicles, due to which the consumers are adopting the aftermarket tints with the rising temperature. These are the factors that are boosting the growth of the market during the forecasted period.

Restraining Factors

Rise In The Tinting Technologies To Hinder The Market Growth.

Changes have been observed in tinting technologies in the last few years. The adoption of smart windows with electro-chromatic technology is restraining the market growth. With these integrated technologies in the car, the window can change from clear to dark with the application of electric current. With the help of this glass, privacy can be achieved instantly without conceding with the regulations. As the cost of these technologies is expensive and is only adopted by high-end vehicles, the major key players are focusing on the development of the technologies, which can reduce the cost, which can be a restraining factor to hinder the market growth.

COVID-19 Impact Analysis

The pandemic had a bad effect on economies all over the world, resulting in a drop in automotive sales worldwide, which affected the adoption of tinted films globally. Due to the reduction in the manufacturing of plastic feedstocks, the growth of the market was affected. With the regulations which were imposed by the government, many small-scale industries were affected, and some of the businesses were shut down, which resulted in a decrease in the growth of the market during the pandemic.

Application Analysis

To Avoid Direct Sunlight Windshield Segment Dominates The Growth Of The Market.

The windshield segment dominates the growth of the market. The windshields and rear windows are the most commonly tinted window of the car, which can avoid direct sunlight and provides privacy. The rise in temperature across the globe is fueling the growth of the market. However, consumers are likely to adopt bright tinting films, which will enhance the look of their vehicles. This is the ongoing trend among youngsters, which is propelling the growth of the market. Due to the rules and regulations in some countries, the tinting of the windshield is banned.

Vehicle Type Analysis

The Passenger Vehicle Dominates the Market

The passenger vehicle dominates the growth of the market and holds the largest market share during the forecast period. Due to the continuous rise in the sales of passenger vehicles, the growth of the segment can be seen. Consumers style passenger vehicles with tinted vehicles more than commercial ones, as the risk of damaging the car is higher in commercial vehicles. With the rise in the trend of modifying luxury cars is driving the growth of the market during the forecast period.

Key Market Segments:

Based on Application

• Windows
• Windshields

Based on Vehicle Type

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

Growth Opportunities

The Rise In The Electric Vehicle Demand Is The Major Opportunity For The Market Growth.

The rise in the demand for electric vehicles is experienced due to low carbon emission and environment friendliness, which is the major opportunity for the automotive tinting film market. The growth of electric vehicles can be seen by the rise in the adoption of technologies, which is propelling the market’s growth. Some of the manufacturers in the market are with sun protection factor SPF up to 1000, which can provide low visibility light reflection and a combination of high heat gain reduction and high visible light transmission capabilities.

Latest Trends

The Rise in the Adoption of Clear Ceramic Films is Propelling Market Growth.

The advancement in the technologies in tinting films has created many product options for consumers in terms of style, color, material, and others. The clear ceramic tinting does not have to be dark. It is an invisible film but also has the ability to block harmful UV rays. Some of the consumers have demanded clear windows and also want UV protection, which is the main factor propelling the market growth.

Regional Analysis

North America Dominates The Growth Of The Market Globally

North America dominates the market and is expected to hold the largest market share during the forecast period. With the high demand for commercial as well as passenger vehicles, the growth of the region can be seen. The minimum regulations regarding the (VLT) visible light transmission percentages are propelling the market growth. The APAC region is growing at a significant rate during the forecast period. With the increasing popularity of light commercial vehicles for privacy and security reasons in the region, the market’s development can be seen. The rise in the demand for vehicle types from OEMs is driving the growth of the market.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Market Share & Key Players Analysis:

The key major players are focusing on expanding their supply chain with the expansion of their sales channel. Companies are heavily investing in research and development activities for the innovation of products in the automotive tinting film market. Some of the key players are focusing on partnerships and collaboration with other competitors to gain a strong market position, which can make the competitive landscape more versatile and dynamic with the expansion of the market.

Market Key Players:

• 3M Company
• Eastman Chemical Company
• TintFit Window Films Ltd.
• Avery Dennison Israel Ltd. (Hanita Coatings RCA Ltd.)
• Johnson Window Films, Inc.
• GLOBAL WINDOW FILMS
• Madico, Inc.
• Saint-Gobain Performance Plastics Corp.
• TWF
• Armolan
• NEXFIL
• Other Key Players

Recent Developments:

• An investment of over 60 million euros was made by Avery Dennison Corp. in May 2022. The investment was made for the expansion of the production capacity and to improve the efficiency of the factory to meet the rising demand.
• SolarGard announced the partnership with the Asian automotive under the brand name of shengJia, in January 2020. This partnership will strengthen the company’s hold in the region

Report Scope: