The global automotive tinting film market is anticipated to grow at a CAGR of 4.8% during the forecast period. The rising consumer concern for protecting their vehicles from scratches and other paint damages is a major factor driving the growth of the automotive tinting film market. With the use of tinting films, the vehicle can be laminated to keep its new aesthetic appearance for a long time. Dyed window tint, metalized window tint, ceramic window tint, carbon window tint, hybrid tint, and crystalline tint are some of the most common automotive tinting films in the market.
The tinting films also block the UV solar rays from entering the vehicle cabin, thus, helping in reducing the interior temperature of the vehicle. Due to this reason several consumers use tinting films in the countries with hot weather. This report will further analyse all the primary as well as secondary factors that are directly or indirectly impacting the growth of the automotive tinting film market.
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Impact of COVID-19 Pandemic on the Global Automotive Tinting Film Market
The sales of new automotive vehicles were greatly reduced during the COVID-19 pandemic as the disposable income of consumers were drastically reduced during the pandemic due to the loss of job. People across the globe had avoided spending on non-essential goods as a result of the same. This drastically reduced the demand for automotive tinting films. As the COVID-19 situation gets normalized the market is expected to show a U-shaped recovery during the forecast period.
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Segmental Outlook
The global automotive tinting film market is segmented based on the type and vehicle type. Based on the type, the market is segmented into window films/tints, paint protection films, and wrapping films. The market for window films/tints is declining due to stringent government regulations. For instance, according to the Motor Vehicles Act 1988, the front and rear windshield should be more than 70% VLT (visual light transmission) while the allowed VLT percentage for other windows is 50% in India. However, later in 2012, the Supreme Court of India completely prohibited the use of window tints in passenger vehicles as some cases of misusage of these tints for illegal activities are observed in the country.
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