The global architectural window films market size was USD 3.22 billion in 2021. The market size is expected to rise from USD 3.34 billion in 2022 to USD 4.59 billion by 2029 at a CAGR of 4.6% during the forecast period. The market is projected to grow during the forecast period due to the rising adoption of switchable smart films. Fortune Business Insights™ publishes this information in a report titled, "Architectural Window Films Market, 2022-2029".

Source:

https://www.fortunebusinessinsights.com/architectural-window-films-market-104531

COVID-19 Impact:

Lack of Production Amid Pandemic Hampered the Market Growth

The outbreak of the COVID-19 pandemic created a huge impact on the architectural window films market growth due to stringent restrictions on transportation and distribution of materials. Raw material costs were increased initially due to lack of supplies and availability of raw materials. Economic disruptions amid the pandemic and the closure of the global borders have affected the import/export activities. This caused a negative impact on the market growth during the pandemic.

Segments:

Sun Control Film Segment Leads the Market Due to Increased Preference from Residential Buildings

By product type, the market is categorized into sun control film, decorative film, safety & security film, privacy film, and others. The sun control film segment is expected to lead the market during the forecast period due to these films' various properties and abilities. 

Residential Segment to Lead Global Market Due to Rapid Urbanization

Based on application, the market is bifurcated into residential and commercial. The residential segment is expected to dominate the global market due to the increasing demand for sun control and decorative films.

Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report highlights current market trends and recent developments introduced by the key market players. The impact COVID-19 pandemic on market development and growth opportunities are mentioned further in this report. Also, the drivers and restraints affecting current market conditions during the forecast period are given further along with the business growth strategies adopted by the leading market players. Regional insights regarding segmented market areas are discussed further in this report.