Press release
Window Films Market: Recent Industry Trends and Projected Industry Growth, 2018– 2028
Window films are a thin laminate which provide UV protection, security benefits, neutral carbon footprint and an aesthetic appearance. The packaging industry manufacturers have witnessed rapid penetration of automation in the last few decades, with emerging economies registering significantly high rates of growth. Window films are cost-effective and considerably more cumbersome than the traditionally used shrink films on the glass. To reduce the amount of visible light and ultraviolet radiations entering windows, heat rejection window films are applied to the interior of the flat glass.
Windows films are mostly used in automotive, specifically for the glasses of cars and in the residential sector. Window films has excellent shrink characteristics. In addition to providing heat resistance, window films reduce noise and provide a peaceful and calm environment. Window films are regularly used by fire-rated glass companies in many of their products to provide impact-safety resistance. Window films are preferred by several construction companies, specialty product manufacturers, hospitals and automotive industry. The residential and construction sector is anticipated to be the fastest growing segment in the window films market during the forecast period.
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Window Films Market: Dynamics
Increasing awareness about energy-efficient buildings and improving living standards are the two factors driving the growth of the windows film market. Rapid increase in shopping malls and luxury stays has contributed to the growth of the window films market. Many noise and glass related problems are constantly witnessed in hospitals and healthcare facilities and window films provide the best solution to such issues and help in maintaining consistent temperature and comfort in hospital environments. Window films avoid overheating and reduce the glare on computer and electronic screens and provide manageable eyestrain for employees on a daily basis.
The demand for window films is rapidly growing from the automotive industry to enhance styling and protection. Window films manufacturers are emphasizing on technology integration which allows them to be compatible with a variety of requirements. Window films manufacturers certify their film energy performance according to many government norms. There are many strict laws to restrict darkness and tinting, which is a restraining factor for the windows films market. Every country has different limits for allowable tint, which is hampering the market as manufacturers cannot supply their window films to all regions. The global windows films market outlook is expected to stay positive during the forecast period. Window Films Market: Regional Outlook The North America and Western Europe window films market are expected to outdo the global window films market during the forecast period owing to the increasing automotive industry in these regions.
The Asia Pacific window films market is anticipated to spearhead North America and Western Europe in terms of CAGR during the forecast period. The Asia Pacific region holds lucrative opportunities for the growth of the window films market and the gradual shift towards transforming the region into a manufacturing hub is expected to play a catalytic role in boosting the growth of the global window films market. Furthermore, the market for window films in Asia Pacific region is mainly dominated by China and India due to its vast scope for rapid increase in the construction industry.
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The report Window Films market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The Window Films market report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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