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Window Films Market Expected to Deliver Dynamic Progression until 2031

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4/26/2022

Window Films Market Expected to Deliver Dynamic Progression until 2031

Window Films Market – Overview

The global window films market is anticipated to witness massive growth during the forecast period (2021 to 2031). Increased automotive manufacturing is expected to raise the demand for window films. Moreover, the growth of energy-efficient infrastructure is increasing the demand for window films that limit excessive sunlight and assist in energy-efficient cooling. Such factors are projected to propel the global window films market over the forecast period. Market participants are concentrating on growing their worldwide presence by including partners in training programs and establishing a stakeholder community.

Furthermore, rising economies with growing customers' disposable incomes are expected to provide lucrative prospects for growth in the global window films market.

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Window Films Market – Competitive Landscape

Key players active in the global window films market are Eastman Chemical Company, 3M, Armolan Windows Films, Polytronix Inc, Garware Suncontrol, Avery Dennison Corporation, Solar Control Films, Lintec Corporation, Purlfrost Ltd, American Standard Window Film, Saint-Gobain, The Window Film Company, and Toray Plastic, are considered in the report.

Key players face fierce rivalry from one another and local firms with extensive distribution networks and in-depth knowledge of suppliers and rules. Market players compete in terms of product quality, manufacturing technology, and application development abilities. To accommodate rising product demand, established firms are seeking to expand their manufacturing capacities. For example, Eastman Chemical Company announced in January 2020 the expansion of manufacturing capacity at Dresden, Germany.

Window Films Market – Trends and Opportunities

High demand for energy-efficient buildings is expected to boost the global window films market during the forecast period. The demand for energy-efficient buildings is growing as a result of limited resource availability and widespread environmental repercussions such as global warming and numerous climate changes. Buildings use a lot of energy, which contributes to the increase of CO2. According to research done by the University of West London in the United Kingdom, building CO2 emissions makeup nearly 43% of overall emissions, with window façade systems accounting for 60% of building energy losses. According to the study, using these films reduces yearly cooling energy use by 35% while increasing annual heating energy costs by 2%. Moreover, as they save energy, these films are often known as E-films.

The expanding building and construction sectors in emerging economies such as China and India are likely to boost the global window films market. The expanding awareness of its advantages and the rise in disposable income can be related to the growing demand. Increasing demand for window films in the commercial and residential sectors is also anticipated to boost market growth during the forecast period.

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Window Films Market – Regional Landscape

The window films market in Asia Pacific is expected to grow due to increased demand from end-use industries, including construction and automotive. Moreover, rising population and subsequent urbanization in nations such as China and India, combined with an expanding number of businesses utilizing window films, is anticipated to strengthen the growth of the window films market in Asia Pacific. Furthermore, increased attempts to reduce carbon emissions by using cooling films in buildings is another factor projected to boost the window films in Asia Pacific.

The North America window films market is likely to witness growth due to significant investments made within the region. In the United States, lending rules are relaxing, commercial real estate market fundamentals are strengthening, and state and local construction bond measures are giving extra funding support. Moreover, the rebound of Canada's residential and non-residential construction sectors is expected to be a significant factor projected to boost the regional market growth. Furthermore, the surge in skin cancer in both the United States and Canada is expected to contribute considerably to the expansion of the window films market.

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