Europe Automotive Films Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Film Type (Window Films/Tints, Wrap Films, and Paint Protection Films) and Application (Passenger Car, Commercial Vehicle, and Two Wheelers)

Surging Demand for Electric Cars to Escalate Europe Automotive Films Market Growth

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According to our latest market study on "Europe Automotive Films Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Film Type (Window Films/Tints, Wrap Films, and Paint Protection Films) and Application (Passenger Car, Commercial Vehicle, and Two Wheelers)," the market was valued at US$ 2,255.68 million in 2022 and is projected to reach US$ 3,086.16 million by 2028; it is expected to grow at a CAGR of 5.4% from 2022 to 2028. The report highlights key factors driving the market and prominent players along with their developments in the market.

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Automotive films are thin laminate films that are installed on the exterior or interior of window glass surfaces to provide security and privacy to the passengers in the vehicle. These films are manufactured from different materials, including polycarbonate, polyester, polystyrene, and polyvinyl chloride. Automotive films block the solar ultraviolet radiations and increase the overall appearance of the vehicle. The Europe automotive films market is mainly driven by the growing popularity of electric cars in the region. In 2021, Germany held the largest market share in terms of revenue in the Europe automotive films market.

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In recent years, there has been tremendous adoption of new advanced technologies such as the advanced driver assistant system (ADAS) in Europe. The rising adoption of electric vehicle charging infrastructure in European countries is further influencing the demand for electric cars. According to the European Environmental Agency (EEA), 2021 saw a significant increase in the uptake of electric cars and vans in the EU-27. Electric car registrations for 2021 were close to 1,729,000, up from 1,061,000 in 2020. This represents an increase from 10.7% to 17.8% in the share of total new car registrations in just one year. Automotive films are used for protecting various surfaces and windows of vehicle. Automotive films such as window tint and paint protection films are stain resistant and defend against stone chips, minor scratches, bug spray, swirl marks, and other paint damage. They also protect vehicles from harmful UV radiation. Thus, increasing demand for electric cars will ultimately increase the utilization of automotive films, thereby driving the market growth during the forecast period.

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Compagnie de Saint Gobain SA, 3M Co, Luxshield GmbH, Mister Lacky, PR-Folia, Eastman Chemical Co, Ergis SA, Hexis SAS, Avery Dennison Corp, SSA Europe GmbH, and Profilm Advanced Materials Ltd are among major players operating in the Europe automotive films market. Players operating in the Europe automotive films market are highly focused on the development of high-quality and innovative product offerings to fulfill the customers' requirements.

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Impact of COVID-19 Pandemic on Europe Automotive Films Market

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In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic caused supply chain disruptions in key raw materials and hampered the growth of the automotive films market. The adverse effect of the pandemic on the automotive industry has negatively impacted the demand for automotive films from these industries in Europe.

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However, various economies in Europe started reviving their operations. With this, the demand for automotive films has started increasing. The increasing use of automotive films for security purposes is expected to offer more growth opportunities for the Europe automotive films market during the forecast period.

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Europe Automotive Films Market Breakdown - by Region

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The report includes the segmentation of the Europe automotive films market as follows:

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Based on film type, the Europe automotive films market is segregated into window films/tints, wrap films, and paint protection films. In terms of application, the market is segmented into passenger car, commercial vehicle, and two wheelers. By country, the Europe automotive films market is further segmented into Germany, France, Italy, the UK, Russia, the Netherlands, and the Rest of Europe

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