Global Window Films Market – Automotive Segment to be a Major End-user | Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The global
window films market is expected to grow at a CAGR of more than
5% from 2018-2022, according to a new market research report by
Technavio.

Global window films market segmentation by product type and end-user

Technavio’s report on the global window films market analyses the
business dimensions and presents a comprehensive breakdown in terms of
market segmentation by product type, including sun-control, decorative,
safety and security, and privacy. As projected in 2017, around 45% of
the market share originated from sun-control.

Based on end-user, the global
window films market has been segmented into automotive,
residential, commercial, and marine. As of 2017, 29% of the market share
came from automotive.

“The automotive segment is expected to witness a decline of 1.26% by
2022. However, the residential and commercial segment is expected to
register growth during the forecast period,” says a senior analyst
at Technavio for specialty
chemicals research.

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Window films market: competitive vendor landscape

The global
window films market is highly fragmented. 3M, Eastman Chemicals,
LINTEC, and Saint-Gobain are the major contributors to the market. These
players are focusing on increasing their global footprint and are
expanding into developing countries through mergers and acquisitions or
partnerships with the regional vendors.

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Other topics covered in the report:

Market drivers:

• Increasing demand for automobiles
• Growing demand for green buildings

Market challenges:

• Limitation on visible light transmission
• Stringent government regulation

Market trends:

• Increasing demand for biodegradable window films
• Demand from laboratories and commercial spaces

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window films market report free of cost

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