The global Window Film market will attain $15.65 billion revenue by 2029. Global Window Film Market is expected to grow at a healthy CAGR of 5.2% over the projected period on account of growing demand for protective window films from application sectors like automotive and construction industry.
Automotive window film market comprises of more than 30% of the global window film market share owing to numerous advantages such as glare, heat reduction, thermal insulation and UV filtration. When applied on vehicle windows, these films help in reducing energy costs arising from AC (air conditioning). In addition, UV protection and heat insulation protect the interior of vehicles and passengers from harmful radiations. However, the automotive films market is regulated by government policies which vary with region and is anticipated to restrict the growth of window film market.
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Window film in the commercial segment was the largest market in the year 2018 owing to numerous benefits. Climate and energy control are one of the most common uses for window film. Window film notably reduces solar heat gain and maintains its internal temperature. The energy savings also results in reduced HVAC equipment wear and maintenance.
In 2019, North America Window Film Market accounted for more than 40% of overall market share due to awareness towards energy-efficient buildings and rise in demand for window films in automotive industry. In Canada and the United States, demand for SUVs and pickup trucks has risen due to high preference for personal transportation among the regional consumers. Further, Asia Pacific region is expected to grow at the fastest CAGR due to growth in automotive and construction sectors in Japan, China and India. Also, supportive government initiatives in order to enhance the construction sector in India are anticipated to drive Asia Pacific window film market and this is expected to boost revenue generation through to 2029.
The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 20 companies in the field of Window Film.
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The Window Film Market 2019-2029 report will be of value to anyone who wants to better understand the window film market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Window Film industry.
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