Albany, NY -- (SBWIRE) -- 02/28/2019 -- Automotive vehicles have a way to cocooning its occupants from the rest of the surroundings on commonly busy streets and a number of times, family travels together who desire privacy from the environment. As the automotive industry is flourishing in a number of emerging economies on the back of increasing disposable income of urban populations, the demand for measures that enable the cocooning inside a car is escalating, and consequently, the automotive tinting film market is flourishing. These tinting films are primarily a thin lamination film, made up of thermoplastic polymer resin called as polyethylene terephthalate (PET), and can be installed on the exterior or interior of a glass surface to make the environment opaque from outside and translucent from the inside. According to this business and commerce study, the demand in the global automotive tinting film market will expand at a notable CAGR during the forecast period of 2017 to 2025.
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This report on the global automotive tinting film market is a business development product compiled by experienced research analysts and aspires to serve as a credible tool for its targeted audiences such as automotive films manufacturers, suppliers and distributors of automotive films, government and other regulatory bodies, end users, and research organizations. The report not only gives a figurative executive summary of the current condition of the market, it also gauges its future prospects by comprehensively analyzing market dynamics such as trends, drivers, and challenges. Various automotive tinting film market segments have been comprehended for their profitability and lucrativeness of various important regions and countries have been highlighted. One of the featured section of the report is on the competitive landscape, providing insights on which companies are currently ahead of the curve and what market shares they reserve, as well as what opportunities do new entrants have.
Global Automotive Tinting Film Market: Trends and Opportunities
The escalation in the number of vehicles sold in a number of emerging economies is the primary driver of the global automotive tinting film market. In addition to the privacy that these tinting films offer, the analysts of the report have also noted that a growing number of consumers are opting for them for the purpose of protecting their vehicles from outside factors such as rain, heat, dust, and others. Automotive paints are expensive and can last for long if they are provided with these tinting films. As the awareness regarding these films spreads, the demand is expected to multiply. The advent of UV protected tinting films and those who shield from other sun radiations are opening new revenue avenues for the vendors of this market. On the other hand, regulations by several countries against the use of this film as the crime rate inside a vehicle is increasing, is the primary restraint over the growth of demand in this market.
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Global Automotive Tinting Film Market: Regional Outlook
Until the recent past, North America has remained the region with maximum demand on the back of high demand for LCVs and passenger cars. However, increasing demand of luxury cars in a number of emerging economies in Asia Pacific is expected to provide for a substantial chunk of demand by the end of the forecast period, 2025.
Global Automotive Tinting Film Market: Competitive Landscape
Avery Dennison Corporation, 3M Company, Lintec Corporation, Saint-Gobain Performance Plastics, and Eastman Chemical Company are some of the key companies currently holding a prominent position in the global automotive tinting film market. For each of these companies, and several more, the report includes an overview of their business overview, product portfolio, and regional presence.