According to ChemAnalyst report, “Global Window Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Type, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2030” The Window Films market witnessed steady growth in the historical years and is estimated to reach a market volume of 1900 thousand tonnes with a CAGR of 3.74% until 2030. Growing demand of Window Films due to its wide-usage in the Automotive, Building and Construction, and Marine industries are likely to drive the Window Films market in the forecast period.
Window films refers to the polymer films that are used to laminate windows or glass surfaces of automobiles or buildings. These films not only give an aesthetic look to buildings or automobiles but also provide protection from UV rays, reduce heat and glare. Moreover, Window Films are gaining popularity as they also improve safety and security and enhanced protection against accidents, stormy winds, flying glass fragments as well as scratch resistant.
In automotive industry, several factors like increasing concern about health along with safety & security are driving the demand for automotive films. Window films in automobiles, offers heat control and UV protection that helps in preventing skin damage coupled with safety benefits, glare reduction and aesthetics looks. Moreover, to support fuel economy, focus on light weight and electric vehicle production is rising, which is expected to boost the demand for Window Films in this segment. However, the requirement of technical expertise for its application along with the rising demand for smart glass is expected to hamper its market growth over the forecast period.
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The global Window Films market is segmented based on type, end-use, sales channel, and region. On the basis of type, Window Films are segmented into several types such as UV blocking films, privacy films, insulating films, safety and security films, decorative films, and others. These films consist of a scratch resistant coating on their exterior surface for protection and are used to apply on the inner surface of a glass window in buildings or vehicles.
Based on the end-user industry, the global Window Films market is segregated into Automotive, Building and Construction, Marine, and Others. Among these, the two largest consumers are Automotive industry and Building and Construction industry with each one of these two industries have consumed more than 40% of the market.
Regionally, Asia pacific accounted for the major share of the global Window Films Market and is anticipated to blossom over the forecast period owing to the relentless growth in automotive and construction sectors in the region. Global automotive manufacturers are investing in the region specially in China, India, Vietnam, South Korea to expand their capacities due to lower labor costs and supportive government policies. Moreover, ongoing construction projects in the region are also going to augment its market growth in the forthcoming years.
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“Global Window Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Type, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2030”, The major players operating in the global Window Films market are 3M, Avery Dennison Corporation, Armolan Greece, Eastman Chemical Company, Johnson Window Films, Inc, Hyosung Chemical, Lintec Corporation, Rayno Window Film, Saint-Gobain, American Standard Window Film, Toray Plastics, Garware Suncontrol, Reflective Window Films, and others.
“Window Films are used prominently in construction sector owing to its utilization in enhancing glass performance. These films not only aid in climate and energy control but also prevent damage by UV rays. Increasing focus of government on green buildings projects due to more emphasis on carbon footprint reduction along with changing consumers preferences in growing economies are going to propel the market for Window Films in the upcoming years. Moreover, rising demand for Window Films is likely to offer a huge potential in the market over the forecast years therefore, it is crucial to track its market growth followed by the region that is expected to grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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