Automotive Film Market Worth $10.13 Billion by 2021 | CAGR: 12.0%: Grand View Research, Inc.

SAN FRANCISCO, July 25, 2017 /PRNewswire/ --

The global automotive film market [http://www.grandviewresearch.com/industry-analysis/automotive-film-market ] is expected to reach USD 10.13 billion by 2021, according to a new report by Grand View Research, Inc. The growing demand for automotive film in exterior and interior applications is expected to drive market growth.

(Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO )

The industry is expected to grow on account of the demand for films in for interior and exterior protection of the vehicle. The increasing demand for paint protection films and NVH films for the smooth functioning of the vehicle is expected to drive growth over the forecast period.

The industry growth is majorly driven by the rapid increase in the demand for automotive wraps to enhance the aesthetic value of the vehicles. Furthermore, reduction in the maintenance cost of vehicles owing to the protective characteristics offered by the wraps is expected to drive market growth.

Increasing purchasing power of consumers coupled with technological advancements, such as the advent of the bio-based polyester film is expected to fuel market growth. Growing consumer awareness regarding the benefits of these products along with the recovery of the automotive industry is anticipated to aid their consumption in the global market.

The cost benefit ratio is expected to drive demand owing to the ability of the product to sustain extreme conditions. Stringent regulations associated with thermoplastic urethane polymer, which serves as a major raw material in paint protection film manufacturing is expected to hamper market growth over the forecast period.

Browse full research report with TOC on "Automotive Film Market Analysis By Product (Tinting Films, Paint Protection Films, NVH Film Laminates, Wrap Films), By Application (Interior, Exterior), By Function (Protection, NVH), By Channel (OEM, Aftermarket), And Segment Forecasts, 2011 - 2021" at: http://www.grandviewresearch.com/industry-analysis/automotive-film-market

Further key findings from the report suggest: 

        
        - Paint protection films are expected to grow at a CAGR of 5.4% from 2017 to 2021on
          account of increasing awareness among the consumers coupled with reducing price of the
          product across the regions
        - Interior application of the products accounted for USD 3.12 billion in 2016 on account
          of the growing demand for tinting films in developed economies. In addition,
          utilization of NVH laminates in vehicle doors is expected to aid application growth.
        - Protective Automotive film are expected to grow at a CAGR of 12.0% over the forecast
          period on account of the rapid growth in the demand for paint protection sheets
          installed with the intent to protect exterior auto-body paint from dust and scratches
        - Aftermarket accounted for majority of the share as compared to its counterpart as
          Automotive film including wrap, paint protection and tinting are predominantly
          installed through aftermarket channel owing to the low cost associated with the
          products
        - Asia Pacific is expected to witness the fastest growth in terms of revenue as growing
          demand for vehicles in developing economies including India & China has bolstered the
          demand for automotive wraps, paint protective products and NVH film laminates
        - The industry is fragmented with major players operating globally. 3M and Avery
          Dennison accounted for a significant share of the market owing to established business
          in the automotive industry.

Browse related reports by Grand View Research: 

        
        - Wood Coating Resin Market -
          http://www.grandviewresearch.com/industry-analysis/wood-coating-resin-market
        - Lamination Adhesives Market -
          http://www.grandviewresearch.com/industry-analysis/lamination-adhesives-market
        - Packaging Films Market -
          http://www.grandviewresearch.com/industry-analysis/packaging-films-market
        - Polypropylene Market -
          http://www.grandviewresearch.com/industry-analysis/polypropylene-market

Grand View Research has segmented the global automotive film market on the basis of product, application, function, channel and region: 

        
        - Product Outlook (Volume in '000 Sq. Meters, Revenue, USD Million, 2011 - 2021) 
             - Tinting Films
             - Paint Protection Films
             - NVH Film Laminates
             - Wrap Films
        - Application Outlook (Volume in '000 Sq. Meters, Revenue, USD Million, 2011 - 2021)
           
             - Interior
             - Exterior
        - Function Outlook (Volume in '000 Sq. Meters, Revenue, USD Million, 2011 - 2021) 
             - Protection
             - NVH
        - Channel Outlook (Volume in '000 Sq. Meters, Revenue, USD Million, 2011 - 2021) 
             - OEM
             - Aftermarket
        - Regional Outlook (Volume in '000 Sq. Meters, Revenue, USD Million, 2011 - 2021) 
             - North America
                - U.S.
             - Europe
             - Asia Pacific
                - China
                - India
                - Japan & Korea
             - Rest of World

Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: 1-415-349-0058 
        Toll Free: +1-888-202-9519 
        Email: sales@grandviewresearch.com 

 

Web: http://www.grandviewresearch.com

    Photo: 
    http://photos.prnewswire.com/prnh/20160524/371361LOGO

SOURCE Grand View Research, Inc.