Rising environmental awareness regarding carbon dioxide emissions coupled concerns related to energy efficiency are projected to drive demand. The Global Window Films Market is expected to reach USD 13.81 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand from key end-use industries such as automotive, construction, and marine is a major factor that will determine future growth trajectory.Technological improvement in reducing solar heat gain & winter heat loss is anticipated to promote sustainable construction and foster consumption.
They are widely utilized to improve energy efficiency in heating and cooling purpose in residential and commercial applications. According to U.S. Department of Energy, it helps in consuming 30% of average home’s heat loss occurs through windows and doors.
Recovery of automotive industry in the U.S. and parts of Europe is also expected to have a positive influence on the industry growth. However, few countries including Pakistan, Portugal and Libya have entirely banned these films in vehicles owing to increasing violence along with the ongoing threat of terrorism.
Decorative films are anticipated to witness significant growth owing to increasing demand for decorative products in construction industry. It helps to reduce energy costs, eliminates window glare, prevents the fading of carpets & furniture and adds aesthetic values.
The technologies deployed for production include multi-layer nanotechnology and co-extrusion technology. Multi-layer nanotechnology based window films are made up of polyester, acrylic and polyethylene napthalate.
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Canada emerged as the fastest growing country level market in North America with an estimated CAGR of 4.9% from 2016 to 2025. U.S. Department of Energy and Database of State Incentives for Renewables & Efficiency (DSIRE) provide rebates, tax credits and incentives for high-performance and energy efficient films.
Top Players of Window Films Market:
Major companies operating in the industry include 3M, Eastman, Madico, Toray Plastics, Hanita Coatings, Johnson, Armolan, Rayno, Suntek, Reflectiv, and Nexfil.
Market Segmentation of Window Films Market:
The Window Films Market Segmented on the basis End-Use and Region.
By Product:
Sun control window film
Decorative window film
Safety & security window film
Privacy window film
By End-Use:
Automotive
Construction
Residential
Commercial
Marine
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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