Window Films Market Global Research Forecast by 2027, Fortune Business Insights™
The Global window films market is expected to reach USD
2.90 billion by 2027, exhibiting a CAGR of 5.71% during the forecast period.
The introduction of new windows films with high aesthetics will foster healthy
growth of the market, states Fortune Business Insights, in a report, titled “Window
Films Market Size, Share & Industry Analysis, By Type (Sun Control Films,
Decorative Film, Safety & Security Film, Privacy Film, and Others), By
Application (Automotive, Building & Construction, (Residential and
Commercial), Marine and Others), and Regional Forecast, 2020-2027.”
The Global
window films market size stood at USD 2.44 billion in 2019.
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The report on the window films market features:
·
Exceptional insights into the market
·
All-inclusive facts and figures
·
Latest industry development
·
Data about the prominent players
·
Dominating regions in the market
·
COVID-19 Impact
Market
Driver:
Emphasis on
Energy Efficient Buildings to Stimulate Growth
The growing focus
on eco-friendly and energy-efficient buildings will enable speedy expansion of
the market. The high demand for energy-efficient constructions is due to
increasing global warming and climate change, in turn, augmenting the growth of
the market. Furthermore, the utilization of window films reduces energy
consumption by 35% while also improving ambient cooling drastically. Films are
designed to diminish energy consumption and CO2 emissions of buildings, thus
benefiting the environment. Moreover, increasing infrastructure development can
spur opportunities for the market in the forthcoming year. Likewise, the stringent government regulations for
the construction of green buildings will consequently aid the expansion of the
market.
Slashed Car Sales
to Badly Affect Market During COVID-19
The massive drop
in car production and sales has negatively impacted the global market. The
disruption caused by coronavirus on manufacturing plants and factories will
dampen the growth of the market. The stringent regulations implemented by
governments will further thwart the development of the market. The declined
footfall in car showrooms is expected to inhibit the growth of the market amid
coronavirus. Additionally, the deteriorating demand for passenger cars in
various regions of the world will simultaneously dwindle the market. However,
the businesses are expected to recover in the coming months, which, in turn,
will aid the retention of the market.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/window-film-market-102081
Regional
Analysis:
Window Retrofitting Activities to Promote Market in North
America
The market in North America is expected to hold the
largest share in the global market during the forecast period owing to the high
demand for sun control films to limit the penetration of sunlight vehicles in
the region. Moreover, increasing window retrofitting activities will influence the
healthy growth of the market in the region. Europe is expected to
hold a significant share owing to the increasing demand for automotive films in
various countries such as Germany,
France, the UK, and Russia. Furthermore, the demand for glass facades and
curtain walls will fluence a healthy growth of the market in Europe. Asia
Pacific is expected to witness a high growth rate owing to increasing
constriction activities in the developing nations.
Key Development:
August 2018: XPEL, Inc., a supplier for paint protection
and windows films, acquired three franchisees of Protex and also the assets
from E-shields Heaths. The company aims to re-brand and commercialize the
products as a part of the company’s version of the architectural business
through this acquisition.
The Report lists the Key Companies in the Window
Films Market:
·
American
Standard Window Film
·
Solar Gard
Performance Plastics
·
Toray Plastics
(America) Inc.
·
Armolan
Window Film
·
Reflectiv
·
Jupiter
International
·
Other
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