The latest report by IMARC, titled “Window Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global window film market size reached US$ 10.7 Billion in 2021. Window film refers to a thin, modern, fashionable, and functional material, generally produced from polyethylene terephthalate (PET). It is a static cling or self-adhesive used for both temporary and permanent applications. It is tinted with dyes, metals, and pigments to minimize the visible light projected through the glass and block the heat from the sun. Window films are generally available in a wide variety, depending upon the applications and requirements of individuals. In recent years, window films have gained traction as they enhance the overall aesthetic of a building.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect effect of the associated industries. These observations will be integrated into the report.
Global Window Films Market Trends:
One of the primary factors driving the market is the growing trend of contemporary and modern homes. Additionally, the rising disposable incomes of the masses are creating a positive market outlook. Other than this, the numerous benefits offered by window films, such as minimizing heat build-up, saving money on high energy costs, cutting excessive glare, removing premature fading of interior furnishing, increasing security and safety, and adding privacy, are positively influencing the market growth. Besides this, window films help in energy and climate control and minimize heating, ventilation and air conditioning, (HVAC) equipment wear and maintenance. As a result, these films are extensively employed in commercial structures to enhance the building score. In addition, the growing environmental consciousness, along with the rising awareness regarding the sustainability and price of window films, is catalyzing the market growth. Furthermore, the easy and economical installation of window films is resulted in its widespread adoption in restaurants, retail spaces, museums, daycare centers and schools. Moreover, key players are introducing innovative product variants, such as nano-particle pigmentation and vacuum metalization, to expand their applications in the automotive industry. Looking forward, IMARC Group expects the market value to reach US$ 14.8 Billion by 2027, expanding at a CAGR of 5.73% during the forecast period (2022-2027).
- Based on the product, the market has been divided into sun control, decorative, security and safety, privacy, and others.
- On the basis of the application, the market has been segmented into automotive, residential, commercial, marine, and others.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being 3M Company, American Standard Window Film (AMWF), Armolan Window Films UAE, Avery Dennison Corporation, Eastman Chemical Company, Johnson Window Films Inc., LINTEC Corporation, Nexfil Co. Ltd., Saint-Gobain Performance Plastics Corporation (Compagnie de Saint-Gobain S.A.), and Toray Plastics (America) Inc. (Toray Industries Inc.).
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