The global window films market size 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 The window films market size stood at USD 2.44 billion in 2019.
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The report on the window film 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
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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.
The Report lists the Key Companies in the Window Films Market:
- 3M Company
- Eastman Chemical Company
- American Standard Window Film
- MadicoInc
- Hanita Coatings
- Solar Gard Performance Plastics
- Toray Plastics (America) Inc.
- Armolan Window Film
- Reflectiv
- Jupiter International
- Other
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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.
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