Architectural Window Film Market to be Driven by Rising Investments in Renewable Energy and Growing Construction Industry During
The new report by Expert Market Research titled, ‘Global Architectural Window Film Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global architectural window film market, assessing the market based on its segments like material, product use, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): 5.67%
The global demand for window films that provide comfort, safety, and energy savings in residential and commercial applications is projected to drive the global market for architectural window films. The growth of the market is anticipated to be boosted by an increase in the number of green building construction projects and the creation of net-zero energy buildings. A low emissivity (Low-E) coating also aids in the retention of heat in buildings during the winter months. Low-E films have specific metallic coatings that filter infrared and ultraviolet radiation while allowing maximum visible light to keep interiors in residential and commercial buildings from deteriorating. Product demand is expected to be fueled by stringent rules surrounding energy-efficient buildings and automobiles, as well as growing environmental and health concerns. These factors are expected to drive the market for the global market for architectural window films during the forecast period.
Industry Definition and Major Segments
Architectural window film is a retrofit solution that enhances the efficiency of the glass. Polyethylene Teraphthalate (PET) is a kind of polyester film that is often used (PET). The majority of window films are applied to the inside surface of a glass window in a home, business, or vehicle. Window films are marketed in a range of designs. Some are transparent with numerous layers of PET for shatter resistance; others are coloured with metals, dyes, or pigments to diminish visible light transmission and prevent heat from the sun. Additionally, ornamental window coatings that appear like frosted glass or engraved designs are available.
By material, the market is divided into:
By product use,, the market is divided into:
- Sun control
- Security and safety
By application, the market is divided into:
By end-use, the market is divided into:
- Transmission and Distribution Utilities
- Power Generation
By region, the industry is categorized into:
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Increased consumer awareness of sustainability and carbon dioxide emissions, as well as improved energy efficiency, are likely to boost the market for architectural window films. The rising use of sun control in residential and commercial applications as a result of the rise in skin conditions and diseases is expected to drive market growth. In addition, growing energy prices and the desire to reduce power usage are driving the demand for architectural window films in both residential and commercial settings. Recently, there has been an increase in the use of architectural window films in domestic applications, including bathrooms, entry doors, solariums, and sidelights, as well as commercial uses like cafés, resort foyers, seminar rooms, banks, and office allocation. Residential demand is likely to be driven by more window tinting operations on existing windows and stricter rules for establishing green buildings.
The market for architectural window films was dominated by North America. The major element driving the regional market for architectural window films is expected to be a recovery in Canada’s residential and non-residential construction sectors. Lending criteria are loosening in the United States, market fundamentals for commercial real estate are improving, and state and municipal construction bond measures are providing additional financing assistance. These factors are projected to fuel demand for the market for architectural window films in the construction industry, including sun control and privacy window films. Because of the increased usage of greener energy sources, solar (sun control) films are likely to gain in popularity. Architectural window films demand in commercial building applications is predicted to be driven by rapid urbanisation in the Asia Pacific, the Middle East, and Latin America. In these regions, there is an increasing need for malls, stores, and supermarkets, since people want to buy items from a single location. As metropolitan areas near building saturation, mall developers are likely to focus on developing cities for future projects. As metropolitan areas near building saturation, mall developers are likely to focus on developing cities for future projects. These reasons have aided the growth of the market for architectural window films in the Asia Pacific area as a whole.
Key Market Players
The major players in the market are 3M, Armolan , Avery Dennison Corporation, Eastman Chemical Company, Garware Suncontrol Film , Lintec Corporation, Polytronix, Inc., Purlfrost Inc., among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.