Global Automotive Solar Films Market Size, Share, Trends & Analysis 2020-2027
The Global Automotive solar films market size is anticipated to reach USD 6.19 billion by 2027, the market was valued at USD 3.08 billion in 2019, and it is expected to witness growth at a cagr of 4.7 % between 2020 to 2027. The growing sales of passenger cars in Asia-pacific and the Middle East and Africa region due to increasing per capita income, rapid urbanization, and increasing working population is expected to drive the market growth. Moreover increasing demand for protection from harmful ultraviolet sun rays is expected to further boost the market demand. The trend of installing solar films is also growing to maintain are internal temperature during summer and to protect the expensive interior installed in luxury cars from sunlight.
An Automotive solar film is also known as automotive tinted film, is manufactured using PVC material and applied on the surface of the window and window shield. The main function of this film is to lower the intensity of Sunlight entering the car from outside. It also reduces the number of ultraviolet rays originating from the Sun which are considered harmful to human skin and carcinogenic leading to various types of skin cancer.
Government regulation in countries such as India prohibits the use of dark tinted films on Automotive Windows which is expected to negatively impact the market growth. However, there are certain countries that allow using tinted glass films in case of medical issues such as sunlight allergy, Melanoma, and other skin related problems. The government prohibited the uses of tinted window films in order to prevent possible crimes such as illegal smuggling, accidents, and theft due to low visibility through the tinted film.
The automotive solar film manufacturer companies developing a chemically advanced variety of polyester that can significantly reduce the ultraviolet rays entering the window. The quality of an Automotive solar film depends on its thickness, multiple coats are applied to make the film darker for maximum sunlight prevention.
Solar film manufacturers focus on strategic initiatives such as mergers and acquisitions in order to gain maximum market share. Brand value plays a crucial role while choosing the product in the case of luxury cars. Most of the leading companies compete on the basis of product prices and quality.
Based on the film type into the market can be segmented into Ceramic Film, Tinted Film, Metalized Film, Others. The tinted film accounted for the largest Market share in 2019, types of films are economic and are widely used by Passenger car owners across the world. The substantial growth in the passenger car market is anticipated to boost the demand for tinted film over the forecast period.
The ceramic and metalized films are superior in quality compared to the tinted films, search films are widely used in the premium and luxury cars segment. The ceramic films are capable of preventing the harmful sun rays as well as heat generated due to sunlight. The metal pins on the other hand have similar qualities but are more reflective thus, create a mirrored look to the windows which is not widely accepted among car owners. The key difference between a ceramic and metallic film lies in the aesthetics, whereas they both offer similar functionality. The ceramic film segment is anticipated to gain prominence in the upcoming Furious going to an increase in sales of premium and luxury cars worldwide.
Automotive solar films are applied in both passenger cars as well as commercial vehicles. The Passenger car segment is dominating the market with greater than 67% market share in 2019. Growing sales of Passenger car due to increasing urbanization in the developing countries is anticipated to boost the market growth.
The importance of automatic solar fence is also increasing in the commercial vehicle segment recently, as the commercial vehicle driver spends most of the time diving the vehicle, they need to protect themselves from the hazards ultraviolet rays. The commercial vehicle solar film market is expected to witness a CAGR of 5.1 % over the purpose period.
The North America Automotive solar film market is dominating this industry with greater than 37% market share in 2019. There are no significant rules or regulations related to using tinted solar films on passenger vehicles in the United States, which act as a driving force for the market growth. The sense of light commercial vehicles as also increased in the United States in the last 5 years, which is expected to further boost the market demand for automotive solar films.
The Asia Pacific region is the largest producer of various types of solar films including ceramic, metallic, and tinted films. China is the Global hub for search manufacturing plants, it is one of the largest exporter for Solar films worldwide. Therefore the Asia-pacific Solar films market is expected to witness high growth between 2020 to 2027.
The Global Automotive solar film market is highly competitive in nature, which companies such as 3M, Saint-Gobain, Eastman Chemical company dominating the global market. These manufacturers mainly focus on improving their product quality through research and development activities for increasing their market share. Following is a list of top Automotive solar film manufacturing companies in the world mentioned in this report:
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