Allied Market Research
Loading...
0

Architectural Window Films Market Expected to Reach $6.4 billion by 2030—Allied Market Research

 

Report Code : A02831

quote “Significant enrichment in the construction sectors in developing Asia-Pacific countries has significantly strengthened the global supply chain. Many countries, particularly those in the European and North American regions, are now reliant on importing raw materials or finished products from Asian countries, such as China, owing to their huge production capacity and significantly lower prices. Many nations in EMEA have witnessed considerable economic growth as a result of their expanding superiority in material for architectural window film exports, which include enlarged production facilities and final manufacturing of end-use products.” quote

Eswara Prasad
Manager, Chemical and Materials Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new published report by Allied Market Research titled, “Architectural Window Films Market by Material, Product Use, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” 

The global architectural window films market was valued at $3.9 million in 2020, and is projected to reach $6.4 million by 2030, growing at a CAGR of 5.2% from 2021 to 2030.

Architectural window film has a number of advantages for both residential and commercial buildings. Climate and energy control are two of the most common applications for architectural window films. Solar heat gain through architectural windows is considerably reduced by architectural window film, allowing space to maintain its interior temperature and removing hot spots. As a result of energy savings, equipment wear and maintenance are minimized. Furthermore, by blocking harmful ultraviolet rays, architectural window film also helps to prevent fading. The reduction in UV radiation flooding through the house or office architectural windows benefits valuable objects such as carpets, furniture, and artwork.

Architectural window films are majorly used in the construction sector for solar control, due to their ability to reflect the heat coming from solar radiation and maintain a comfortable ambiance in terms of the temperature inside the structure or building. The rapidly growing construction industry in developing countries is expected to boost the demand for architectural window films. Rising demand for films in commercial and residential applications is expected to drive the market expansion during the forecast period. Residential demand is expected to be driven by more tinting activities on existing architectural windows as well as stringent regulation on establishing green buildings. Surge in demand for architectural window films has been attributed to rising concerns about climate change and increased awareness of environmental disruptions. Furthermore, due to increased consumer awareness of the benefits of architectural window tinting films and rising income, the adoption of architectural window tinting films will continue to rise. The architectural window films market growth is aided by increased passenger and commercial vehicle sales volumes. Growing concerns about UV protection are anticipated to create market opportunities in the future.

However, the COVID-19 pandemic has caused logistics and raw material shortages for the construction industry. Therefore, many government and builders have postponed construction activities. Attributed to reduction in construction activities, the demand for architectural window films will temporarily slow down. 

The global architectural window films market is segmented on the basis of material, product use, application, and region. 

Based on material, the architectural window films market is divided into vinyl, polyester, plastic, ceramic, and others. The polyester segment accounted for the largest share in 2017 while the plastic segment is projected to grow at the highest CAGR of 5.0%. 

Based on product use, the market is classified into sun control, decorative, security and safety, and privacy. The sun control segment accounted for the largest share in 2017 while the privacy segment is projected to grow at the highest CAGR of 4.9%.

Applications of architectural window films include commercial and residential. The commercial segment is further sub-segmented into offices, education, banking, retail, hospitality, healthcare, and others. The commercial segment accounted for the largest market share in 2017 while the residential segment is projected to be the fastest growing segment at a CAGR of 4.7%. 

Region-wise, the market is studied across North America, Latin America, EMEA, Asia, and GCA. EMEA accounted for the largest share of the market in 2017 as well as the fastest growing region. GCA has a well-established and growing demand potential for architectural window films. 

The global architectural window films market is consolidated in nature with a few players, such as 3M, Armolan Architectural Windows Films, Avery Dennison Corporation, Eastman Chemical Company, Garware Suncontrol, Lintec Corporation, Polytronix Inc, Purlfrost Ltd, Saint-Gobain, solar Control Films, The Architectural Window Film Company, and Toray Plastic., which hold significant share of the market. These players have been adopting various strategies to gain higher share or to retain leading positions in the market. 

Key Findings Of The Study

  • The plastic segment is projected to grow at the highest CAGR of approximately 5.8%, in terms of revenue, during the forecast period.
  • By product use, the sun control segment is expected to dominate the market during the forecast period.
  • By application, the commercial segment is expected to dominate the market during the forecast period. 
  • Based on region, EMEA dominated the market with the highest revenue share of $1.0 billion in 2017.

Impact Of Covid-19 On The Global Architectural Window Films Market

The construction industry has faced difficulties as a result of the COVID-19 epidemic, including logistics and raw material shortages. Attributed to the massive drop in financial markets around the world, it is projected that construction investments have been withdrawn globally. As a result, the demand for architectural window films has decreased. The restrictions imposed by governments to combat the virus's impacts may result in lack of raw materials and people, as well as a disrupted supply chain, making it more difficult to meet contractual responsibilities. Furthermore, the COVID-19 pandemic has forced builders to postpone their projects. These factors will hinder the architectural window films market growth.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Architectural Window Films Market by Material (Vinyl, Polyester, Plastic, Ceramic, and Others), Product Use (Sun Control, Decorative, Security and Safety, and Privacy), and Application (Commercial and Residential): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,921 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Architectural Window Films Market"
Purchase Enquiry