Window Film Market By Product (decorative, Privacy, Sun Control, Security & Safety) And End User (construction, Automotive, Marine, Other End Users) – Global Industry Analysis And Forecast To 2023
Industry Outlook and Trend Analysis
The Window Films Market was worth USD 7.43 billion in 2014 and is expected to reach approximately USD 11.63 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.10% during the forecast period. Polyester is utilized as a crude material inferable from its rigidity, toughness, lucidity, and dimensional steadiness. Bio-based polyester is utilized as a part of window films which can diminish the reliance on fossil assets and enhance carbon footprint. Growing shopper awareness in regards to its advantages combined with expanding per capita discretionary cash flow in developing economies of Latin America and Southeast Asia is another key factor driving industry growth. Window films are required to have unfavourable effect inferable from constraints on Visible Light Transmission (VLT). Window tinting in car lessens the VLT through auto windows, and low deceivability can prompt burglary or mishap particularly at night drives.
Drivers & Restrains
The market is expected to witness extensive development attributable to expanding request from end-utilize ventures including car, development, and marine. Surging utilization of window films in green structures and net zero vitality structures is foreseen to drive its utilization in the development sector. Stringent administrative condition in developing economies, for example, the U.S., Germany may act as the restraining factor over the figure time frame. However, rising buyer awareness in regards to natural maintainability alongside low costs is relied upon to drive industry development.
Regional Outlook and Trend Analysis
North America is expected to show considerable growth over the forecast period. Expanding acquiring intensity of players combined with mechanical progressions, for example, the approach of bio-based polyester film are relied upon to fuel development. Developing customer awareness in regards to advantages of these movies alongside the recuperation of car industry is relied upon to fuel utilization in the area.
The leading players in the market are Toray Plastics, Johnson, 3M, Rayno and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Window Films Market is segmented as follows-
Security & Safety
By End User:
Other End Users
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?