The new report by Expert Market Research titled, ‘India Window Films Market Report and Forecast 2022-2027’, gives an in-depth analysis of the India window films market, assessing the market based on its segments like product types, end uses, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 6.20%
The window films industry in India is being driven by the rising use of window films in the automotive industry. This can be attributed to the rising population, which is surging the demand for transportation such as passenger vehicles in the region, which is predicted to aid the market growth in the coming years. In addition, window films help in maintaining privacy while providing protection from UV rays. With the increasing purchasing power of the emerging middle class and the surging car ownership, the market for window films is predicted to witness a healthy growth in the forecast period.
Industry Definition and Major Segments
Window films are laminates that are attached to the front or back of a glass. They are typically used in automobiles and buildings to enhance privacy while boosting their aesthetics. These polyester sheets offer scratch resistance and feature an adhesive bond that helps to stick it on the glass.
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The market, on the basis of product type, can be segmented into:
- UV Blocking Films
- Decorative Films
- Safety and Security Films
- Privacy Films
- Insulating Films
- Others
On the basis of end use, the market can be divided into:
- Automotive
- Building and Construction
- Residential
- Commercial
- Infrastructural and Institutional
The regional markets for window films in India include:
- North India
- South India
- East India
- West India
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Market Trends
The India window films industry is being driven by rapid urbanisation and industrialisation. The rising government investments to support energy conservation mechanisms are expected to surge the usage of window films, which is also estimated to bolster the growth of the market. In addition, the rising implementation of window films in buildings to aid in regulating the heating and cooling of buildings is expected to aid the industry growth. As window films help in retaining heat and reducing the energy demand, the market is projected to witness robust growth. The rising demand for window films to boost the aesthetic appeal of commercial and residential buildings is anticipated to provide lucrative growth opportunities for the market growth in the forecast period.
Key Market Players
The major players in the market are 3M Co., Garware Hi-Tech Films Ltd., Ecodrive Solutions, Shakti Poly Glass, and Royal Tint, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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