Quick Summary:
In the thriving realm of the window films industry, success hinges upon a discerning understanding of key market dynamics. Fueled by an ascendant demand in key sectors like automotive, construction, and marine, the market for window films is poised for substantial growth. Rising population levels and consequential urbanization in areas such as China and the Asia-Pacific region are amplifying the demand for window films - a trend made more significant by growing industrial applications of these products. But with this expansive growth also come challenges unique to the window films sector, that necessitate specialist technical expertise for application, and that must compete with the burgeoning presence of smart glass in the market.
The report we provide intricately navigates through this complex and dynamic market landscape. Covering a comprehensive array of facets from production, demand, and supply to technological progress and regional distribution, the goal is to furnish you with a high-fidelity snapshot of the global window films market, its drivers, challenges, and its major players. Alongside this, the report provides pen portraits of leading manufacturers involved in the sector's vibrancy, enhancing your understanding of the competitive landscape. With a meticulous and robust forecasting model, the report will enable you to strategize and plan for the future with confidence. This informative guide serves as an essential tool for industry stakeholders, customers, and policy makers alike - a must-have addition to your strategic toolkit.
The global Window Films market stood around 1400 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.74% in the forecast period until 2032. In the year 2022, the market showed a significant growth of around 4.0% in comparison to 2021 and is expected to grow by 3.72% CAGR during the forecast period..Global Window Films Demand is Projected to Grow at a Healthy CAGR of 4.89%.
Window Films are polymer films that are applied onto windows of automotive or buildings to protect from UV rays and reduce glare. They are of several types including UV blocking films, decorative films, privacy films, safety and security films, insulating films, and others. Major end-use industries for Window Films are automotive, building and construction, and marine. Increasing demand from automotive and construction sectors is expected to drive the demand for Window Films during the forecast period. Application of Window Films requires technical expertise therefore the requirement of technical expertise is expected to hinder the demand growth for Window Films for the forecast period. Furthermore, the growing demand for smart glass is also expected to hinder the demand growth for window films. However, the high demand for window films from the marine sector is expected to drive its market growth in the upcoming years. Throughout the projection period, the Window Films demand is estimated to reach around 2020 thousand tonnes in the forecast period.
Region-wise, the Asia-Pacific region holds the major share of global demand for Window Films due to the increasing demand from application industries such as automotive and construction. Moreover, increasing population and subsequent urbanization in economies like India and China coupled with the growing number of industries using Window Films is another factor influencing the growth of the Window Films market in the Asia Pacific region. In Addition, increasing efforts towards the reduction of carbon footprint by applying cooling films in buildings is also another factor propelling the demand for Window Films in Asia-Pacific.
Based on type, the global Window Films market is divided into UV Blocking Film, Decorative Film, Privacy Film, Safety & Security Film, and Insulating Film. UV blocking window films is dominating the total window films market and finds application in various sectors, such as automotive and architectural sector.
Based on the end-user industry, the global Window Films market is segmented into Automotive, Building and Construction, Marine, and Others. Among these, the two largest consumers are Automotive industry and Building and Construction industry. Each one of these two industries have consumed more than 40% of the market. Moreover, it is expected that the Automotive industry will experience a surge in the forecast period owing to rising per capita income and demand of vehicles on a worldwide level.
Major players in the production of Global Window Films market are 3M, Avery Dennison Corporation, Armolan Greece, Eastman Chemical Company, Johnson Window Films, Inc, Hyosung Chemical, Lintec Corporation, Rayno Window Film, Saint-Gobain, American Standard Window Film, Toray Plastics, Garware Suncontrol, Reflective Window Films.
Years considered for this report:
- Historical Period: 2015- 2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2023-2032
Objective of the Study:
- To assess the demand-supply scenario of Window Films which covers production, demand and supply of Window Films market in the globe.
- To analyse and forecast the market size of Window Films
- To classify and forecast Global Window Films market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Window Films market in the globe.
The publisher calculated Window Films demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Window Films across the globe. The publisher sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Window Films manufacturers and other stakeholders
- Organizations, forums and alliances related to Window Films distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Window Films s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Attribute
Details
- Market size Volume in 2022 - 1400 thousand tonnes
- Market size Volume by 2032 - 2020 thousand tonnes
- Growth Rate - CAGR of 3.74% from 2023 to 2030
- Base year for estimation - 2023
- Historic Data - 2015 - 2022
- Forecast period - 2023 - 2032
- Quantitative units - Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company ShareSegments covered
- By End-Use: (Food & Beverages, Pharmaceuticals, Detergent & Cleaning, Cosmetic & Personal Care, and others)
- By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.Available Customisations
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
LOADING...