Global Window Film Market, By Type (UV Blocking Films, Decorative Films, Safety and Security Films, Privacy Films, Insulating Films), Material (Vinyl, Polyester, Plastic, Ceramic, Others), End-User (Automotive, Residential, Commercial, Infrastructural and Institutional, Marine, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Window films are largely used in residential and commercial applications to improve energy efficiency for heating and cooling. The increasing disposable incomes of millennial customers from developing economies have a direct impact on market growth, which spreads to applications in the automotive, commercial, and residential sectors.
? Global window film market was valued at USD 10.89 billion in 2021 and is expected to reach USD 16.97 billion by 2029, registering a CAGR of 5.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (UV Blocking Films, Decorative Films, Safety and Security Films, Privacy Films, Insulating Films), Material (Vinyl, Polyester, Plastic, Ceramic, Others), End-User (Automotive, Residential, Commercial, Infrastructural and Institutional, Marine, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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3M (U.S.), XPEL, Inc. (U.S.), Dow (U.S.), Eastman Chemical Company (U.S.), Hexis S.A.S (France), PremiumShield (U.S.), STEK-USA (U.S.), Reflek Technologies Corporation (U.S.), GRAFITYP (Belgium), ORAFOL Europe GmbH (Germany), DuPont (U.S.), DAIKIN (Japan), Optic Shield (Czechia), Solvay (Belgium), SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.), Saint-Gobain (France) and Avery Dennison Corporation (U.S.)
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Market Opportunities
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Market Definition
Window film is a contemporary, useful, and stylish material that may be utilized for a multitude of purposes in a person's home or place of business. It can be directly applied on glass that is smooth and without texture and is made of thin vinyl or Polyethylene Teraphthalate (PET). Window film can be used for a number of long-term or transient purposes since it is self-adhesive or static cling.
Window Film Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Usage of Window Film
During the projected period, rising demand for energy-efficient window film is anticipated to fuel market expansion. Window films are frequently used in cars and windows for energy-efficient heating and cooling in home and commercial applications. Window film permits the average consumption of 30% of the heat loss that occurs via windows and doors in homes, according to the U.S. Department of Energy. Improvement in window films permits reduction in solar heat gain and winter heat loss in commercial and residential buildings is predicted to deliver steady growth during the forecast years. Building Energy Management Systems (BEMS) are used in both commercial and residential buildings to efficiently preserve energy and increase energy efficiency by establishing a stable and sustainable environment. The development of net zero energy buildings and the construction of more green buildings are estimated to drive up window film demand.
Furthermore, the growing industrialization and urbanization in developing countries will accelerate the market's growth rate. Furthermore, the expansion and growth of end-use industries are other market growth determinants that are expected to support market growth.
Opportunities
- Increasing Awareness Associated with Sustainability and Carbon Dioxide Emissions
Furthermore, the increased consumer awareness regarding the sustainability and price of window film extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the surging environmental awareness regarding carbon dioxide emissions and improving energy efficiency will further expand the future growth of the window film market.
Restraints/Challenges
- Issues associated with Window Film
The technical, warranty, and installation issues possessed by the window film further will create hindrances for the growth of the window film market.
- Supply Chain Disruptions
The rising number of restrictions during the COVID-19 further disrupted the supply chain, which hampered the market growth. This factor will further challenge the window film market growth rate.
This window film market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the window film market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Window Film Market
The recent coronavirus outbreak had a negative impact on the window film market. The global market has suffered as a result of the precipitous drop in automotive production and sales. The disruption that the coronavirus has produced in factories and production facilities will slow market expansion. The tight controls put in place by governments will further stymie market growth. The market's expansion would likely be hampered by the decreased traffic in auto showrooms caused by the coronavirus. Additionally, the market will contract due to the declining demand for passenger cars in many parts of the world. However, it is anticipated that firms will rebound in the upcoming months, which will help preserve the market. ?
Recent Development
- In Nov 2021, The Suntuitive MonoLite product, a dynamic glass infused with intelligent window films, was made available by Suntuitive® Dynamic Glass. Suntuitive MonoLite has a wide range of uses and may be installed in both new and outdated infrastructure.
- In Feb 2020, The new Tottenham stadium in the UK and the Academy of Museum of Motion Pictures in Los Angeles, California both feature window films and dynamic glass from Saint Gobain's product portfolio, the company informed its stakeholders in a news release.
Global Window Film Market Scope
The window film market is segmented on the basis of type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- UV Blocking Films
- Decorative Films
- Safety and Security Films
- Privacy Films
- Insulating Films
Material
- Vinyl
- Polyester
- Plastic
- Ceramic
- Others
End-User
- Automotive
- Residential
- Commercial
- Infrastructural and Institutional
- Marine
- Others
Window Film Market Regional Analysis/Insights
The window film market is analyzed and market size insights and trends are provided by country, type, material and end-user as referenced above.
The countries covered in the window film market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increased awareness about environmental disturbance within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increase in commercial and residential construction industries in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Window Film Market Share Analysis
The window film market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to window film market.
Some of the major players operating in the window film market are
- 3M (U.S.)
- XPEL, Inc. (U.S.)
- Dow (U.S.)
- Eastman Chemical Company (U.S.)
- Hexis S.A.S (France)
- PremiumShield (U.S.)
- STEK-USA (U.S.)
- Reflek Technologies Corporation (U.S.)
- GRAFITYP (Belgium)
- ORAFOL Europe GmbH (Germany)
- DuPont (U.S.)
- DAIKIN (Japan)
- Optic Shield (Czechia)
- Solvay (Belgium)
- SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.)
- Saint-Gobain (France)
- Avery Dennison Corporation (U.S.)
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