Global Heat Insulating Films Market Size study & Forecast, by Type (Endothermic Films, Reflective Films), by End-Use (Commercial Building, Residential Building, Automotive) and Regional Analysis, 2022-2029

Global Heat Insulating Films Market Size study & Forecast, by Type (Endothermic Films, Reflective Films), by End-Use (Commercial Building, Residential Building, Automotive) and Regional Analysis, 2022-2029

Global Heat Insulating Films Market is valued at approximately USD 9.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2022-2029. Heat Insulating Films are a substance used for reducing heat transmission and energy effectiveness. It is generally used in various applications such as automobiles, residential buildings, and commercial buildings for reducing the amount of heat that escapes. These are very effective in case of providing insulation from the temperature, electricity, chemical, and moisture. Growth in demand for heat insulation films in commercial buildings and Surge in demand for heat insulation films in automotive are the factors driving the market growth.

According to the Statista research department, the revenue of the global construction industry was estimated to be about 6.4 trillion U.S. dollars in 2020 and was expected to grow and reach 14.4 trillion in the year 2030. Additionally, the rise in the automotive industry worldwide leads to an increase in the demand for heat insulation films in automotive. The global automotive units sold in the year 2021 were estimated to be about 66.7 million. Growth in demand for heat insulation films in commercial buildings and Surge in demand for heat insulation films in automotive are the major factors driving the market growth. Furthermore, Government initiatives to enforce strict regulations regarding the adoption of energy-efficient technologies and rapid expansion of construction and building industries in developing countries are the factors creating major market opportunities in the forecast period. However, the high cost of Heat Insulating Films stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Heat Insulating Films Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the accumulation of solar heat energy, wide usage of heat insulatingheat-insulating films in commercial buildings, and the region's increasing automotive industry. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising disposable incomes, the rising automotive sector and the prevalence of key market players in the region.

Major market player included in this report are:
Cosmo Films Ltd
3M
DuPont de Nemours, Inc.
Saint Gobain
UBE Corporation
Toray Industries, Inc.
AVERY DENNISON CORPORATION
Johnson Window Films, Inc.
Bleher Folientechnik GmbH
Singleton Group
Recent Developments in the Market:
 In March 2022, In a notification further defining the fire management standards for exterior thermal insulation materials for civil construction, the People's Republic of China's Ministry of Public Security defined an external thermal insulation material's grade combustion performance for civil construction. the Ministry of Public Security of the People's Republic of China specified a grade combustion performance of external thermal insulation materials for civil construction.
 Global Heat Insulating Films Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Endothermic Films
Reflective Films

By End-Use:
Commercial Building
Residential Building
Automotive

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned
Cosmo Films Ltd
3M
DuPont de Nemours, Inc.
Saint Gobain
UBE Corporation
Toray Industries, Inc.
AVERY DENNISON CORPORATION
Johnson Window Films, Inc.
Bleher Folientechnik GmbH
Singleton Group

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