Global Window Film Industry to 2028
DUBLIN, February 21, 2022 /PRNewswire/ — The “Global Window Films Market Outlook 2020: Analysis of Global Opportunities and Demand, Market Forecast to 2028” report has been added to from ResearchAndMarkets.com offer.
The window film market is expected to grow with a CAGR of 4.6% over the forecast period 2019-2028. Window film is a self-adhesive polyester film generally used to cover glass surfaces. These films help existing glass used in automobiles, households and commercial buildings to improve solar control, provide safety and improve aesthetics. Since the glass is designed to act as a barrier against external factors such as wind, sunlight, rain, etc., and also provides a natural view of the outside world, it protects against solar energy or sunlight, consisting of heat, light, and UV rays. Almost 90% of the energy that strikes the glass is transmitted through it.
Therefore, to protect against these harmful rays, solar control films are applied which block almost 80% of solar radiation. Special dyes and nanotechnology applied in the film provide a barrier either by absorbing energy or blocking radiation.
The window film market is expected to grow in the future due to its increasing demand for residential, commercial and automotive uses. The increasing urbanization has resulted in the growth of huge infrastructure in various regions, which in turn fuels the global window market. Additionally, improved housing and growing demand for protective automobiles could further contribute to the growth of the market.
Increase usage of window film in residential and commercial sectors to fuel market growth
Window films are widely used in various industries including automotive, aerospace and marine vehicles. The aerospace industry is known to use these films to provide rigidity and strength to windows to protect interiors from strong sunlight exposure. In addition, these films facilitate the cleaning of windows and improve the aesthetics to become presentable. In addition, the films are quite economical and lightweight, making them an excellent choice for road vehicles and marine vehicles for protection purposes.
However, limited knowledge of movies and guaranteed issues might be factors that may restrain the market during the forecast period.
Automotive segment to observe market growth
Based on end use, the market is segmented into automotive, commercial, residential, marine, and others. The automotive segment accounted for the largest market share owing to the growing use of automobiles across the globe for feasibility. Also, the growing demand to develop protected and damage-avoiding vehicles is expected to be a major driver for the segment. On the basis of product, the window film market is segmented into solar control, safety & security, privacy and decoration. The sun protection segment occupied a larger share of the market owing to the need for sun protection in almost every industry, whether commercial or residential.
North America occupies the largest market share and continues to lead
North America occupied the largest market share in the window film market owing to various factors such as increasing technological advancement, rise of commercial and residential sectors, and the presence of key market players in the region. Europe is the second most active market, but due to strict COVID 19 pandemic lockdown rules, the market value has subsequently declined in the region. Asia Pacific the region is expected to grow at the highest CAGR due to the region’s huge population and increasing commercialization in regions like India and Japan.
Players need to focus on expansions to maintain strong market presence
The global window films market is expected to grow with a significant CAGR owing to the presence of various companies including Eastman Chemical Company, Saint-Gobain Performance Plastics Corporation, 3MToray Plastics, Johnson Window Films, Inc., Madico Inc., Hanita Coatings RCA Ltd., American Standard Window Film, Armolan Window Film, and Garware Sun control, among others.
Eastman Chemical Company: Eastman Chemical is expanding its production processes by Germany in January 2020 as announced by the company. The manufacturing unit will be based in the region to meet increasing demands for overlaminate and paint protected films.
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Main topics covered:
Chapter 1 Overview and Scope
Chapter 2 Our Research Practice
Chapter 3 Executive Summary
Chapter 4 Covid-19 Impact Analysis
4.2 Prevalence analysis
4.3 Impact Analysis of Key Drivers
Chapter 5 Global Window Films Market Forces
5.1 What are the market drivers
5.2 Porter’s Five Forces Analysis
5.2.1 Authority of suppliers
5.2.2 Threats from new entrants
5.2.3 Power of the buyer
5.2.4 Threat of Substitute Product
5.2.5 Degree of competition
Chapter 6 Global Window Films Market – Industry Snapshots
6.1.1 Global Window Films Market Value, 2019- 2028, (USD Billion)
6.2 Market Overview
6.2.1 Driver Analysis
6.2.2 Analysis of constraints/challenges
6.2.3 Opportunity analysis
6.3 Supply Chain/Value Chain Analysis
6.4 SWOT Analysis of the Market
Chapter 7 Global Window Films Market Analysis, By Product
7.2 Key Findings for Window Films Market – By Product
7.2.1 Window Films Market – Sun Control
7.2.2 Window Films Market – Security and Safety
7.2.3 Window Films Market – Privacy
7.2.4 Window Films Market – Decorative
Chapter 8 Global Window Films Market Analysis, By Application
8.2 Key Findings for Window Films Market – By Application
8.2.1 Window Films Market – Automotive
8.2.2 Window Films Market – Commercial
8.2.3 Window Films Market – Residential
8.2.4 Window Films Market – Marine
8.2.5 Window Films Market – Others
Chapter 9 Window Films Market Analysis by Region
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Major Vendors, 2019
10.1.2 Key Strategies Adopted by Major Players
10.1.3 Recent Developments
Chapter 11 Company Profiles – Overview
11.1 Eastman Chemical Company
11.1.1 Business fundamentals
11.1.2 Financial Overviews
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 Saint-Gobain Performance Plastics Corporation
11.4 Toray Plastics
11.5 Johnson Window Films, Inc.
11.6 Madico Inc.
11.7 Hanita RCA Coatings Ltd.
11.8 American standard window film
11.9 Armolan window film
11.10 Garware Solar Control
Chapter 12 Appendix
For more information on this report, visit https://www.researchandmarkets.com/r/639vxw
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