North America Accounts for Largest Revenue Share in Global Window Tinting Market, Forecast 2028 | Reports and data

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Global Window Tinting Market is Significantly Driven by Rising Demand for Energy Efficient Buildings Driving Revenue Growth

NEW YORK CITY, NEW YORK, USA, Aug. 12, 2022 /EINPresswire.com/ — The global window tint market size was significantly robust in 2020 and is expected to register a stable revenue CAGR during the forecast period . The major factors driving the market revenue growth are increasing number of green building construction projects and rapid development of net-zero energy buildings, as well as increasing consumer awareness about sustainability and carbon dioxide emissions. carbon.

Window tint is a thin laminate tint widely applied to the interior or exterior of glass surfaces of cars, boats, homes and buildings. Due to its clarity, tensile strength, dimensional stability and ability to take a range of surface applied or coating treatments, window tints are popular worldwide. They are generally produced from polyethylene terephthalate (PET), a thermoplastic polymer resin from the polyester family. . These tints are commonly adopted in residential and commercial applications to improve heating and cooling energy efficiency.

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The revenue growth of the global window tint market is highly driven by the growing demand for energy efficient buildings. Buildings require a lot of energy, which translates into more CO2 in the environment. According to one study, the use of coatings reduces annual cooling energy consumption by 35% while increasing annual heating energy costs by 2%. These hues are sometimes called e-hues because they conserve energy. Furthermore, the growing demand for tints in the building and construction industry and favorable government rules and regulations for the adoption of green and energy efficient solutions are expected to drive the market growth.

Key Players of Global Window Tint Market:

3M
Eastman Chemical Company
US standard window tint
Saint-Gobain Performance Plastics Corporation (Solar Gard)
Madico, Inc.
Toray Plastics (America), Inc.
Hanita Coatings RCA Ltd. (Avery Dennison Israel Ltd.)
Johnson Window Tints, Inc.
Armolan window tints
Garware solar control
Reflective window tints

The growth of the global window tint market is significantly hampered by several unfavorable factors. Different countries, even separate states, have different rules and policies, putting great pressure on companies to change their manufacturing processes to meet strict regulations. For example, in 2017, New York enacted a new rule requiring vehicle window tint to be tested during an annual inspection. If the car’s tint registers over 70%, the vehicle is likely to fail inspection and be fined. Vehicle restrictions are also getting stricter in emerging economies such as India. According to the Motor Vehicles Act in India, the front and rear windscreens must have a VLT (Visual Light Transmission) of at least 70%, which does not imply more than 20% tint. Hence, the imposition of rigid and variable regulations is a major factor that restrains the growth of the market to some extent.

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Market segmentation based on Product Type Outlook:

Sun control
Decorative
safety security
Privacy

Application Prospects:

Automotive
Residential
Commercial
Marine
Others

Regional outlook:

North America
WE
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
The rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of MEA

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Answers to frequently asked questions in the report:

What is the estimated revenue growth rate of the global Window Tinting market over the forecast period?
What are the major factors driving the revenue growth of the global market?
Who are the key manufacturers and suppliers in the Global Window Tinting Market?
Which regional market is expected to lead in terms of revenue share in the global window tinting market during the forecast years?
What are the key findings of the SWOT analysis and Porter’s Five Forces market analysis?

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