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India Window Films Market to Grow at a CAGR of 6.20% During 2022-2027, Aided by the Rising Demand for Energy-Efficient Heating and Cooling Solutions for Buildings

According to a new report by EMR titled, ‘India Window Films Market Report and Forecast 2022-2027’, the market is expected to witness a healthy growth in the forecast period, growing at a CAGR of 6.20% between 2022 and 2027.

The increasing demand for window films in the construction of buildings to provide heating and cooling efficiency is aiding the market. Window films help retain heat within the building to reduce the heating and cooling costs, thereby aiding in energy conservation. Moreover, the increasing awareness pertaining to the harmful impact of UV rays on the skin is driving consumers to increasingly invest in UV filtering window films, which is also supporting the market growth. In the forecast period, the India window films industry is expected to be driven by the rising demand for energy-efficient solutions in building structures. This can be attributed to the escalating eco-consciousness among consumers, owing to the increasing pollution levels worldwide. In addition, the rising investments in the development of residential, commercial, and industrial infrastructure with the rapidly increasing global population are expected to support the market growth.

The technological advancements in the construction industry is expected to further aid the market. The leading market players are increasingly investing in research and development activities to provide consumers with improved solutions. Furthermore, the use of window films for decorative and privacy purposes is also adding to its overall popularity, as window films come in a variety of colours and patterns. For instance, Amazon.com, Inc. (NASDAQ: AMZN) offers a wide range of window films at varied price points. These developments are expected to positively impact the growth of the window films industry in the forecast period.

Market Breakup by Product Type, End Use, and Region:

  • The market is divided based on product type into UV blocking films, decorative films, safety and security films, privacy films, and insulating films, among others.
  • The industry is segmented, on the basis of end use, into automotive, and building and construction. Among these, the building and construction segment can further be divided based on type into residential, commercial, and infrastructural and institutional.
  • Region-wise, the India market for window films is divided into North India, South India, East India, and West India.

Key Findings of the Report:

  • The India market for window films is being driven by the increasing demand for the product in the building and construction sector.
  • The rising demand for window films in the automotive industry has significantly contributed to the market expansion.
  • The ability of window films to provide protection from UV rays is driving its demand in various end use sectors.
  • The decorative properties and privacy offered by window films are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the India market for window films for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the product types, end uses, and regions of window films.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India window films market are 3M Co., Garware Hi-Tech Films Ltd., Ecodrive Solutions, Shakti Poly Glass, and Royal Tint, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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