News & Insights | Textile Technology

Automotive Films Market worth $9.7 billion by 2028 – At a CAGR of 5.7%

Published: December 26, 2023
Author: TEXTILE VALUE CHAIN
As per the recently published report by MarketsandMarkets™, The Automotive Films Market by Films Type (Automotive Wrap Films, Automotive Window Films, Paint Protection Films), Application (Interior, Exterior), Vehicle Type (Passenger Vehicles, Commercial Vehicles), and Region – Global Forecast to 2028″, is projected to reach USD 9.7 billion by 2028, at a CAGR of 5.7% from USD 7.4 billion in 2023. The market growth is driven by several factors, including the significant demand from the automotive industry.

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  • 250 Market data Tables
  • 50 Figures
  • 212 Pages and in-depth TOC on “Automotive Films Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:

The key global players in the automotive films market, such as 3M (US), Saint-Gobain (France), Eastman Chemical Company (US), Avery Dennison (US), LINTEC Corporation (Japan), Ergis S.A. (Poland), Johnson Window Films (US), Hexis S.A. (France), Nexfil Co., Ltd. (South Korea), Toray industries, Inc. (Japan), and XPEL, Inc. (US) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches and expansions.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the automotive films market.

Recent Developments in Automotive Films Market Industry

  1. In June 2023, Toray Industries, Inc. developed a high heat-insulating solar control film PICASUS for advanced mobility applications. The film helped the company’s innovative nano-multilayer technology to deliver a transparency that is comparable to that of glass. It also offers world-class thermal insulation from the sun’s infrared rays.
  2. In February 2023, Eastman Chemical Company acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region. The acquisition helped Eastman Chemical Company to increase its presence in China and enhance its earning strength.
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3M – 
3M was founded in 1929 and is headquartered in Maplewood, United States. It has a rich history of over a century and has established itself as one of the largest producers of automotive films globally. 3M operates through four business segments, including Safety and industrial, Transportation and electronics, Health Care, and Consumer. The Transportation and electronics segment is particularly relevant to the automotive films market. Within this segment, 3M offers a comprehensive portfolio of automotive films and related products. Its expansive reach allows it to serve customers globally, spanning North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. With its wide range of automotive films products and global infrastructure, 3M is well-positioned to meet the needs of customers in the automotive films market.

Saint Gobain – Saint-Gobain is a French multinational corporation, headquartered in Courbevoie, France. The company designs, manufactures, and distributes materials and services for the construction and industrial markets. It offers automotive window films and paint protection films for automotive market. Saint-Gobain operates in a wide range of industries such as construction, automotive, manufacturing, and aerospace. The Group is organized into five reporting units: four regional businesses including Northern Europe, Southern Europe, Middle East & Africa, Americas, Asia Pacific, and a global high-performance solutions unit. The company provides automotive films under the brand Solar Gard. It offers automotive films under the high-performance business unit. The company has operations in Asia, Americas, Europe, and the Middle East & Africa. It has manufacturing facilities in 75 countries.

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