The automotive films market is expected to grow at a CAGR of 5.7% to reach USD 9.7 billion by 2028 from USD 7.4 billion in 2023. The market growth is driven by several factors, including the significant demand from automotive industry.
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.
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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 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.
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
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