The global window film market size is anticipated to reach USD 3.7 billion by 2026, exhibiting a CAGR of 6.09% during the forecast duration 2019-2026, owing to the rising demand from the building and construction industry worldwide. Window films are applied to the interior surface of windows in home settings, vehicles, and commercial buildings. They help to reduce the entry of solar heat into vehicles or houses further helping to maintain the overall interior temperature and avoid hot spots. Such advantages provided by these films are likely to spur demand for window films, thus promoting the window film market trends.
Protection from UV Rays to Help Market Gain Impetus
The increasing demand for energy-efficient buildings on account of the limited availability of resources is an important factor augmenting the window films market growth. Besides this, the increasing levels of environmental hazards such as global warming and outcomes such as climate changes have also propelled people to opt for remedies that will block the entry of ultraviolet rays of the sun from entering into homes and commercial spaces. Window films help in reducing the total heat energy and CO2 absorbed by windows in a room and are ultimately anticipated to increase the overall window films market revenue during the forecast period. Additionally, the rising demand for decorative window films from the automotive industry, is also expected to boost the overall window films market growth.
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List of Best Players Operating in Window Films Market Manufacturers include;
- Eastman Chemical Company
- Madico Inc.
- Solar Gard Performance Plastics
- Armolan Window Film
- Jupiter International
- 3M Company
- American Standard Window Film
- Hanita Coatings
- Toray Plastics (America) Inc.
- Reflectiv
- Others
Asia Pacific to Show Significant Growth on Account of Rise in Building Activities
From a geographical perspective, Asia Pacific is holding a dominant window film market share on account of the increasing building and construction activities. Increasing building activities for various sectors such as banks, schools, colleges, hospitals, and others have also helped this region attract high window films market revenue. Nations such as India and China are facing rapid improvement based on infrastructural development with the complete support of central governments. China is the largest producer of window films in the world and this is further attributed to the dominant window films market share of Asia Pacific.
On the other side, North America will show prominent growth in the market on account of the demand for solar control films for use in vehicles. In 2018, North America earned USD 762.51 million.