The new Market Research Expert Report titled “Global Window Films Market Report and forecast 2021-2026 ‘, gives an in-depth analysis of the global window films market, assessing the market on the basis of its segments like type, applications and North America, Europe, Asia-Pacific , Latin America and the Middle East and Africa. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on Porter’s SWOT and Five Forces models.
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Highlights of the report include:
Market Overview (2016-2021)
- Forecast CAGR (2021-2026): 5.0%
In developing regions, the rise construction the industry is expected to strengthen demand for products. During the forecast period, increasing demand for films in commercial and residential applications is expected to drive the development of the market. Increased tinting practices on existing windows are expected to drive demand for products in residential applications, including stringent building regulations green buildings. Growing concerns about climate change and growing awareness of environmental disruption have contributed to an increase in the window film industry. One of the key factors for the growth of the window films market is said to be the increasing demand for vehicles. The growing volume of sales of passenger and utility vehicles would have a positive impact on the growth of the window film industry. Growing UV safety concerns are likely to generate opportunities for the industry in the years to come.
Definition of the industry and main segments
Window film refers to a thin layer of window covering that is installed to provide several high value benefits. Window films, thanks to technological advancements, offer energy savings, a neutral carbon footprint, UV protection, glare reduction, safety benefits and an aesthetic appearance.
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Window films can be segmented according to type into:
- Sun control
- Privacy Movies
- Decorative films
- Safety and security
- One way mirror
- Insulating Movies
Applications can be segmented into:
Regional window film markets can be categorized as North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
During the forecast period, North America is expected to lead the industry. This is also attributed to new developments in the region, which represents a rebound in residential and non-residential construction in Canada, due to cost cuts in the oil and gas industry, and therefore the fiscal stimulus from the Liberal government decides to stimulate new non-residential people. residential construction.
During the forecast period, Asia-Pacific is expected to experience the fastest growth. Due to increasing urbanization, the construction sector in the Asia-Pacific region is developing rapidly, especially in emerging economies such as China, India, Indonesia, Vietnam, among other countries of South East Asia. The market is expected to grow rapidly in these countries, with strong demand for affordable housing and government programs supporting basic services, such as food and shelter.
Key market players
The main players in the market are 3M, Saint-Gobain Performance Plastics Corporation, Madico Inc., Eastman Chemical Company, Johnson Window Films, Toray Industries Inc. and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are continuously monitoring the impact of this rapidly changing situation on markets and consumer buying behaviors. Thus, our latest estimates and analyzes on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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