Pune, India, June 07, 2022 (GLOBE NEWSWIRE) -- The global architectural window films market size was USD 3.22 billion in 2021. The market size is expected to rise from USD 3.34 billion in 2022 to USD 4.59 billion by 2029 at a CAGR of 4.6% during the forecast period. The market is projected to grow during the forecast period due to the rising adoption of switchable smart films. Fortune Business Insights™ publishes this information in a report titled, "Architectural Window Films Market, 2022-2029".
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List of Key Players Profiled in the Report:
- SAINT-GOBAIN (France)
- 3M Company (U.S.)
- Eastman Chemical Company (U.S.)
- Avery Dennison Corporation (U.S.)
- LINTEC Corporation (Japan)
- Toray Plastics (America) Inc. (U.S.)
- Madico Inc. (U.S.)
- Reflectiv (France)
- Garware Suncontrol (India)
- Dexerials Corporation (Japan)
- Armolan Window Films USA (U.S.)
Report Scope & Segmentation
| Report Attribute | Details | |
| Market size value in 2021 | USD 3.22 Billion | |
| Revenue forecast in 2029 | USD 4.59 Billion | |
| Growth Rate | CAGR of almost 4.6% 2022-2029 | |
| Base Year | 2021 | |
| Historic Years | 2018 - 2020 | |
| Forecast Years | 2022 - 2029 | |
| Segments Covered | By Product, By Application | |
| Forecast Units | Value (USD Billion), and Volume (Units) | |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2029 | |
| Regions Covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa, and Rest of World | |
| Countries Covered | Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others | |
| Number of Companies Covered | SAINT-GOBAIN (France), 3M Company (U.S.), Eastman Chemical Company (U.S.), Avery Dennison Corporation (U.S.), LINTEC Corporation (Japan), Toray Plastics (America) Inc. (U.S.), Madico Inc. (U.S.), Reflectiv (France), Garware Suncontrol (India), Dexerials Corporation (Japan), Armolan Window Films USA (U.S.) | |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. | |
| Customization Scope | Avail customized purchase options to meet your exact research needs. | |
COVID-19 Impact:
Lack of Production Amid Pandemic Hampered the Market Growth
The outbreak of the COVID-19 pandemic created a huge impact on the architectural window films market growth due to stringent restrictions on transportation and distribution of materials. Raw material costs were increased initially due to lack of supplies and availability of raw materials. Economic disruptions amid the pandemic and the closure of the global borders have affected the import/export activities. This caused a negative impact on the market growth during the pandemic.
Segments:
Sun Control Film Segment Leads the Market Due to Increased Preference from Residential Buildings
By product type
- sun control film
- decorative film
- safety & security film
- privacy film
The sun control film segment is expected to lead the market during the forecast period due to these films' various properties and abilities.
Residential Segment to Lead Global Market Due to Rapid Urbanization
Based on application, the market is bifurcated into residential and commercial. The residential segment is expected to dominate the global market due to the increasing demand for sun control and decorative films.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Report Coverage:
The report highlights current market trends and recent developments introduced by the key market players. The impact COVID-19 pandemic on market development and growth opportunities are mentioned further in this report. Also, the drivers and restraints affecting current market conditions during the forecast period are given further along with the business growth strategies adopted by the leading market players. Regional insights regarding segmented market areas are discussed further in this report.
Drivers & Restraints:
High Demand for Energy Efficient Housing Systems to Propel Growth
The demand for architectural window films is expected to surge during the projected period due to the increasing need for these films from the residential sector. Also, the rising adoption of switchable smart films is anticipated to drive the market in the coming years. Furthermore, the rising adoption of energy-efficient housing systems is anticipated to fuel the market growth by supporting the green building initiative introduced by governments.
However, high prices of raw materials may hamper the market growth.
Regional Insights:
Asia Pacific Dominates Global Market Due to Rapidly Developing Construction Sector
Asia Pacific holds the dominant global architectural window films market share due to the rapidly growing construction industry. The regional market share was valued at USD 1.47 billion in 2021. Increasing population and rapid urbanization in developing countries are expected to bolster the regional market growth.
Europe stands at the second-highest global market position due to the rising expansion of small-scale businesses. Also, rising infrastructure development and renovation of government offices are anticipated to drive the market.
Competitive Landscape:
New Product Launch Allow Companies to Improve their Business Performance
The leading market players focus on forming strategic alliances to introduce new products and expand their production lines globally. The key players adopt latest technologies to launch new products according to consumer demands and requirements from end-use industries.
Key Industry Development:
- April 2022: Avery Dennison launched all-new Dusted Crystal decorative architectural window films. The film has a unique, first-to-market wet-apply quick-release adhesive that allows it to be adjusted during installation and readily removed after drying, leaving almost little trace on the glass. This launch will help the company serve its products in schools, corporate meeting spaces, hospitality reception areas, medical offices, and glass partition applications.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/architectural-window-films-market-104531
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Architectural Window Films Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Architectural Window Films Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- By Product Type (Volume/Value)
- Sun Control film
- Decorative film
- Safety & Security film
- Privacy film
- Others
- By Application (Volume/Value)
- Residential
- Commercial
- By Region (Volume/Value)
- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
TOC Continued…!
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