Market Snapshot:
The security window film market is expected to witness considerable growth owing to increasing demand from end-use industries including automotive, construction, and marine. Advancement in technology and increasing awareness towards energy-sufficient buildings are driving security window film market and is expected to boost the market in the forecast period. Window film is a thin sheet of window coating used for energy savings, neutral carbon footprint, UV protection, glare reduction, security benefits, and provide aesthetic appearance leading to advancements in technology.
Segment Analysis
AMA Research have segmented the market of Global Security Window Film market by Type, Application and Region. On the basis of Type, Sun film are dominating the market in the year 2020
On the basis of geography, the market of Security Window Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Trend
Increasing demand for biodegradable window films and Demand from laboratories and commercial spaces
Market Drivers
Increasing demand for security window films among end-user industries. Rolling use of window films in green buildings and net-zero energy buildings and Increasing consumer awareness regarding environmental sustainability along with a low price of window film.
Opportunities
Government subsidies and tax incentives for energy efficiency coupled with rising consumer awareness.
Restraints
- Guarantee issues and limited consumer awareness about security window films.
- Owing to limitations on Visible light transmission (VLT), window tinting in automobiles reduces VLT through car windows and can result in theft or accidents especially at night.
In addition to the aforementioned factor, Increasing demand for security window films among end-user industries. Rolling use of window films in green buildings and net-zero energy buildings
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The market is fragmented with key manufacturers who are competing and are developing bio-based polyester to manufacture sun control films for residential and commercial applications.
The key Vendors profiled in the study are 3M Company (United States), American Standard Window Film (United States), Eastman Chemical Company (United States), Toaray Plastics (United States), Nexfil (United States), Solargard (India), Madico (United States) and Hanita Coatings (Israel). A lot of United States players are profiled in the research study indicating a strong market dependence.