[FURL=https://www.industryarc.com/Research/Window-Films-Market-Research-502968?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Window Films Market[/FURL] size is forecast to reach $3.5 billion by 2026, after growing at a CAGR of 7.3% during 2021-2026. Certain properties like the reduction of glare and protection from the ultraviolet (UV) rays have increased the demand for window films in the construction and automotive sectors. Synthetic fiber accounts for the majority of Polyethylene Terephthalate plastic made (up to 60%), with the remaining 30% used for bottle production to meet global demand. The market has seen increasing growth in the Asia-pacific region due to varied applications like sun control film, decorative films, safety and security, privacy, and others. The global production was dominated by China which accounted for 30.8% of the total Polyethylene Terephthalate polymer production. The growth in the market is due to the increase in the usage of window films for various applications in sectors like building and construction, automotive, infrastructural, industrial others.Key Takeaways
Asia-Pacific dominates the Window Films Market owing to rapid increase in the Automotive and construction sector.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in Window Films Market and their specific segmented revenue.
Due to COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of window films related industries have been negatively affected, thus hampering the growth of the market.
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Window Films Market Drivers
Replacement of conventional material with new protective material
The growing concern about the Ultra-Violet radiation affecting the human in terms of several diseases is creating an opportunity for the market in the next few years.
Rise in safety needs in vehicles
The increase in knowledge about safety and health concerns are leading towards the rise in demand for automotive window films.
Window Films Market are 3M, American Standard Window Films, Eastman Chemical Company, Saint-Gobain Performance Plastics Corporation, Toray Plastics (America) Inc., Johnson Window Films, and Others.
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