Egypt Automotive Films Market Outlook (2018 to 2032)
Synopsis
The above chart is Egypt Automotive Films Market Outlook (2018 to 2032)
Market Dynamics
the automotive films market in egypt is expected to experience steady growth in the coming years, as it continues to develop in one of the highest growing services centers in the middle east. car manufacturers are increasingly viewing films as an essential product to make their cars more attractive, energy-efficient, and safe.
some of the major factors driving the growth of the market include increased vehicle production and continued trends toward development of luxury cars within the country. it is expected that by 2032, the automotive films market will reach a size of over us$ 2 billion.
in terms of product type, the market is segmented into glass films, polyvinyl chloride (pvc) films, and polyethylene teraphthalate (pet) films. glass films are majorly used in rear windows, front windows, and sun roofs for protection from the environment and providing a clear vision. pvc films are used for bumper protection, as they are resistant to fuels, oil, and other chemical substances. on the other hand, pet films are widely used in automobile parts and body components are expected to grow in demand, as they are lightweight, have high durability, and offer excellent optical properties.
the egyptian automotive films market also benefits from government regulations and policies, which aim to reduce environmental emissions in vehicles. the government has established legal limits for emissions from cars, including carbon dioxide, nitrogen oxide, hydrocarbons, and other gaseous pollutants. moreover, organizations such as the alexandria automotive authority have developed programs to create a market for environmentally friendly vehicles. these regulations and standards are likely to spur growth in the market for automotive films.
in terms of manufacturers, the market is composed of companies such as 3m, hiku films, saint-gobain, avery dennison, and karlx. these companies have established production sites in the country, as they aim to capitalize on the growing demand for luxury and energy-efficient vehicles. furthermore, with the presence of a large number of automobile part suppliers, assemblers and distributors in egypt, the market players are able to stay competitive in the market.
overall, the automotive film market in egypt is expected to experience steady growth in the coming years, due to increased automobile production in the country, government regulations, and the presence of key players in the market. the market is likely to reach a size of over us$ 2 billion by 2032.