CAGR: 6%Current Market Size: USD 20 BillionFastest Growing Region: North America
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
Global Automotive Glass Film Market- Market Overview:
The global Automotive Glass Film Market is expected to grow from USD 20 billion in 2022 to USD 31.8 billion by 2030, at a CAGR of 6% during the Projection period 2023-2030. The market for automotive gear shift system is anticipated to be driven by rising use of both new commercial vehicles and passenger cars.
Automobile windscreens and windows are made of laminated or tempered glass, which is referred to as automotive glass. In order to withstand intense heat and impacts without breaking, laminated glass is made by sandwiching a layer of polyvinyl butyral (PB) between two sheets of glass. Passenger safety is improved by using tempered glass, which is produced as a one-ply product and breaks into non-sharp fragments. In addition, automotive glass offers outstanding aerodynamic properties, water resistance, and defense against ultraviolet (UV) radiation, rain, fog, dust, sun, and outside noises. Better safety is made possible by the stronger glass, while increased fuel efficiency is a result of lighter weight. Within the premium and sports car industries, this feature is quickly gaining popularity. Additionally, the size of automotive glass products is expanding, with some automakers even experimenting with entire glass canopies. Efficiency performance becomes crucial in terms of safety and comfort as a result of these developments. The automotive glass film market is in extremely high demand due to increasing primary safety from accidents and rising customer preferences for the application of glass in passenger cars. The incorporation of electronic sensors, cameras, and rearview mirrors into vehicle glass is anticipated to increase as a result. For instance, Saint-Gobain SA recently announced the purchase of a 50% stake in the China-based JJG Group, which operates a production line for flat glass with a capacity of about 160,000 metric tonnes per year. Additionally, it has disclosed plans to build a new flat glass production line in Saltillo, Mexico, for the import of automotive glass. Due to the growing consumer desire for vehicle safety, comfort, and style, the Asia-Pacific market is anticipated to dominate the global market and maintain its dominance over the Projection period.
Sample Request: - Global Automotive Glass Film Market
Market Dynamics:
Drivers:
The automotive glass film market has expanded as a result of the rising use of both new commercial vehicles and passenger cars. Automotive glass film has a distinctive and user-friendly design that has helped it stand out in the market. Due to the progressive dwindling of fossil fuel sources, the market for electric vehicles is slowly growing. This will soon assist the automotive glass film sector to expand. The use of automotive glass film in today's vehicles has drawn the attention of current car owners, who are now exploring the market and utilizing the films through aftermarket sales channels.
Restraints:
The primary obstacle facing the market is the number of raw resources needed to create glass. A significant portion of the cost structure of glass is made up of raw materials and energy use, and the availability of these resources directly affects the amount of glass produced and its cost. For instance, the limited supply of soda ash, one of the essential raw ingredients, has contributed to a steady rise in price over the past few months. Manufacturers of soda ash are boosting their production capacity to meet the demand from its major markets, including industrial products, chemicals, and automobile glass, in order to address this issue.
Opportunities:
One of the main factors influencing the market is the global automobile industry's rapid rise. The market is expanding rapidly as a result of rising consumer preference for luxury and premium vehicles that are fitted with cutting-edge utility and safety features, like glass sunroofs. Additionally, a number of technological advancements, such as the creation of smart automotive glass and its integration with in-car entertainment systems, are accelerating market expansion. Smart glass may alter the amount of light, voltage swings, and heat inside the car, which helps to increase overall driving efficiency, passenger comfort, and safety. The glass serves as an interactive digital surface for panoramic experiences, entertainment, and advertising.
Challenges:
Technology for window tinting has rapidly advanced in recent years. Bright windows have made a breakthrough (electro-chromatic technology). The glass is made opaque by using electric current, which changes it from clear. You may have privacy right away with this glass without breaking the law. Smart vehicle glass is one of the most current technological advancements on the market. The availability of photochromic glass is also expanding. Although highly expensive, these technologies can be employed in high-end vehicles. Technology developments are anticipated to improve and lower the cost of some of them, even though some of them are still in the development stage and may eventually limit the market.
Segmentation Analysis:
The global Automotive Glass Film Market has been segmented based on gear type, vehicle type, sales channel, and region.
By Film Type
The film type segment is Ceramic Film, Carbon Film, Dyed Film, and Metallized Film. Ceramic Film led the largest share of the Automotive Glass Film Market with a market share of around 35% in 2022. It is not made of metal, unlike other films, and it is not tinted a darker color. This indicates that the film is neither metallic nor conducted. Instead, tiny nanoparticles made of ceramic are infused into the film. These particles are essentially invisible to the naked eye because they are so tiny.
By Vehicle Type
The vehicle type segment is Commercial Vehicles, Passenger Cars, Heavy Commercial Vehicles, and Light Commercial Vehicles. The Light Commercial vehicles led the largest share of the Automotive Glass Film Market with a market share of around 40% in 2022. It is projected that throughout the Projection period, demand for light commercial vehicles will rise as a result of the large expansion of international trade and transportation. LCVs that transport products have windscreens that are tinted to minimize glare and prevent UV rays because the drivers of these vehicles spend more time behind the wheel and are exposed to damaging sunlight.
Global Automotive Glass Film Market- Sales Analysis.
The sale of Automotive Glass Film Market expanded at a CAGR of 4.5% from 2016 to 2022.
The automobile glass, a crucial component of a car, shields the driver from the elements, like; the wind, and other dust particles. Automobile glass film, which consists of polymeric resins deposited as thin sheets on glass, has been shown to be far more effective than regular car glass. Polyethylene Terephthalate is used to create the film (PET). Depending on the film's purpose, the automobile glass film can be installed internally or externally. Automotive Glass Film is categorized based on the components utilized and the purposes for which they are employed.
Automotive glass film helps to lower the amount of heat that builds up within the car by blocking a major portion of UV, infrared, and solar rays. It also helps to lower light intensity by allowing just enough light to travel through the window while ensuring privacy. The sound of the engine or the wind blowing around the vehicle can both be muted by a sophisticated automotive glass film. The visibility-allowed vehicle glass film will, to a certain extent, contribute to a decrease in traffic accidents.
Thus, owing to the aforementioned factors, the global Automotive Glass Film Market is expected to grow at a CAGR of 6% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the Automotive Glass Film Market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the Automotive Glass Film Market and held a 35% share of the market revenue in 2022.
Global Automotive Glass Film Market- Country Analysis:
Germany's Automotive Glass Film Market size was valued at USD 0.23 billion in 2022 and is expected to reach USD 0.31 billion by 2030, at a CAGR of 4% from 2023 to 2030. The market for automotive glass film may benefit greatly from the recent surge in car sales in the European Union.
China’s Automotive Glass Film Market size was valued at USD 0.42 billion in 2022 and is expected to reach USD 0.66 billion by 2030, at a CAGR of 6% from 2022 to 2030. The world's largest auto manufacturer is in China. The region's automotive glass film market is expanding as a result of the large economic resources available for the assembly and production of automotive parts in China, the presence of well-established glass manufacturing companies, expanding R&D capabilities, and the construction of several new production facilities in China to meet the expanding demand for electric vehicles. For instance, a joint venture agreement was reached in November 2019 between Volkswagen and SAIC to establish its first manufacturing facility in Anting, China. Production is slated to start there in October 2020 with a 300,000 unit capacity per year.
India's Automotive Glass Film Market size was valued at USD 0.35 billion in 2022 and is expected to reach USD 0.51 billion by 2030, at a CAGR of 5% from 2022 to 2030. The ever-increasing population of this region and the quick regulatory changes to make transportation more technologically advanced will increase the market potential for automotive glass.
Key Industry Players Analysis:
To increase their market position in the global Automotive Glass Film Market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
6% |
Market Size |
20 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Film Type, By Vehicle Type, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
3M, A&B Films Pte. Ltd, Johnson Window Films Inc., Eastman Chemical Company, DuPont Teijin Films limited, LINTEC Europe (UK) Limited, Eastman Performance Films, LLC., Saint-Gobain Performance Plastics Corporation., Garware Sun Control., and NEXFIL USA. |
By Film Type |
|
By Vehicle Type |
|
Regional scope |
|
Scope of the Report
Global Automotive Glass Film Market By Film Type:
Global Automotive Glass Film Market By Vehicle Type :
Global Automotive Glass Film Market By Region:
Global Automotive Glass Film Market size is USD 20 billion in 2022
Global Automotive Glass Film Market is expected to reach USD 31.8 billion by 2030.
The Automotive Glass Film Market is projected to have a CAGR of 6%.
The market for automotive glass film has expanded as a result of the rising use of both new commercial vehicles and passenger cars. Automotive glass film has a distinctive and user-friendly design that has helped it stand out in the market.
Asia Pacific region dominated the Automotive Glass Film Market and held a 35% share of the market revenue in 2022
Leading market players active in the global Automotive Glass Film Market are 3M, Garware Sun Control., A&B Films Pte. Ltd, Johnson Window Films Inc., Saint-Gobain Performance Plastics Corporation., Eastman Chemical Company, LINTEC Europe (UK) Limited, Eastman Performance Films, LLC., DuPont Teijin Films limited, NEXFIL USA among other
Political Factors- Favorable tax laws make it simple for manufacturers of automotive glass film market to grow. Government tax breaks and subsidies will also help automotive glass film market maintain its competitiveness by lowering operating expenses. Additionally, corporate expenses won't be passed on to customers, giving them access to attractive and competitive prices. automotive glass film market manufacturers will be able to grow as a result of favorable tax laws that support corporate growth and development, which will also contribute to the creation of economic value for the nation. Monitoring industrial competition is crucial for governmental and political institutions and entities. By doing this, businesses may be sure that their products and business practices are ethical.
Economic Factors- Businesses and corporations of the automotive glass film market will find it easier to obtain bank loans if the interest rate is reasonable. The goal of this business financing is expansion and development. Business loans would also play a significant role in the growth and construction of the sector's infrastructure. People might obtain personal loans with moderate interest rates. Personal loans will result in increased consumer spending and consumption when interest rates are low to moderate. This would increase consumer spending, sales, and market share for markets like, automotive glass film market.
Social Factors- Having a more educated populace is advantageous to the automotive glass film market for a number of reasons. More individuals with greater education are more talented, skillful, and knowledgeable in automotive glass film market. Higher levels of education also indicate that customers are more conscious of their spending and consumption habits. Because of its distinctive competitive positioning and placement, automotive glass film market will have an edge as it will concentrate on positive consumption. Additionally, consumers who are more aware will value quality and be aware of what the product claims and provides. The basis for repeat purchases will be this comparison. Once more, automotive glass film market will benefit from their emphasis on quality.
Technological Factors- A robust technical infrastructure exists in the nation. Technology is advancing and developing at a rapid pace. Businesses like automotive glass film are increasingly using technological advancements and innovation to boost organisational effectiveness and efficiency. All industries have a high rate of innovation, which makes businesses like automotive glass film competitive and forward-thinking. Additionally, the upgraded technological infrastructure aids in luring foreign direct investment, which encourages additional growth and advancement. Additionally, the upgraded technological infrastructure aids in luring foreign direct investment, which encourages additional growth and advancement. As a result, automotive glass film market enjoys a clear competitive edge when it comes to technological developments, and the company continues to adopt new technologies and take part in innovation processes.
Environmental Factors- A rise in the green lifestyle has coincided with an increase in environmental sustainability consciousness. Consumers in the nation and in all markets are gravitating toward goods and services that are "green," or created and promoted in ways that are sustainable and kind to the environment. To appeal to consumers, businesses are also jumping on the green product bandwagon and releasing them. automotive glass film market often participates in CSR initiatives that protect the environment. A green product line from automotive glass film market, which is a variant of its current products, has also been introduced. To boost its contribution to environmental sustainability, the company intends to steadily expand the weight of its green product range. Additionally, automotive glass film market enters into agreements with distributors and suppliers in its integrated back chain who uphold strict ethical standards.
Legal Factors- Regarding the health and safety of employees at work, there are stringent rules. Respected associations and institutions conduct routine audits of businesses to determine whether safety nets, drills, and other preventative measures are being implemented. The safety and health of employees includes not only their physical health but also their emotional and mental health. The health and safety of its employees is a top priority for automotive glass film market, and the company works hard to make improvements. Businesses must create legally binding employment contracts in accordance with national rules. These agreements, which cover every aspect of employment, are approved by the respected governmental bodies. Employability agreements guarantee good communication and prevent miscommunication or collusion between all parties.
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