Energy Saving Window Film Market Is Expected To Reach US$ 1,931.4 Million By 2027, Rising CAGR Of 9.5% During The Forecast Period 2020-2027

 

Energy Saving Window Film Market

Energy Saving Window Film not only help to conserve energy and maintain indoor temperatures, but they also protect the inside environment from the sun's harmful ultra-violet radiation. Growing end-use industries, such as construction, are expected to drive the global energy saving window film market during the forecast period. According to Global Construction Perspectives and Oxford Economics, for example, the global construction industry is expected to reach US$ 17.5 trillion by 2030, an increase of US$ 8 trillion from 2015.

A film with a shiny outer coat can give windows a dark or shiny external appearance and thus make the glass appear coloured due to reflection of some bands of visible light, whereas an energy saving window film with a dark tint may significantly affect the visibility of people inside the house or car. Over the forecast period, these factors are expected to restrain the growth of the Energy Saving Window Film Market. Key players are focusing on the launch of new products in the energy-saving window film market to create global growth opportunities. For example, 3M added Ultra Clear Energy Saving Window Film Kits to its Home Energy Savings solutions product line in May 2015. This window film is do-it-yourself (DIY), which will help in blocking UVA and UVB rays along with 35% of sun heat

The global Energy Saving Window Film Market is expected to exceed US$ 1,931.4 million in revenue by the end of 2027, with a CAGR of 9.5% during the forecast period (2020 to 2027).

Rising environmental awareness is expected to be a trend, with a focus on reducing carbon emissions. Building CO2 emissions are a significant contributor to overall energy loss. Window panels are a major component of the building fabric that has a significant impact on energy performance and is responsible for the building's overall energy loss. As a result, demand for energy-saving window films is expected to increase over the forecast period. The energy saving window film market is divided into construction, automotive, marine, and other applications. In 2019, the construction industry accounted for 52% of total revenue.

The global Energy Saving Window Film Market is expected to contract in 2020 as a result of the severe impact of the Covid-19 pandemic. Construction and other application segments are expected to grow during the forecast period. However, demand for automotive and marine products, among others, is expected to fall. Furthermore, demand for energy-saving window film is expected to fall in the near future due to a drop in sales in emerging economies such as India, among others, due to low disposable income in these countries compared to regions such as North America and Europe.

Key players working in the global Energy Saving Window Film Market include 3M, Saint-Gobain, Solar Window Technologies, Inc., American Window Film, Inc., Madico, Inc., PR Solar Window Film Ltd., Dingxin Films Technology Co. Ltd., Nexfil USA, and Eastman Performance Films, LLC.

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