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The global window tint market is significantly driven by the increasing demand for energy efficient buildings which is driving the revenue growth
NEW YORK CITY, NEW YORK, UNITED STATES, August 12, 2022 /EINPresswire.com/ — The size of the tint market worldwide is very stable in 2020 and is expected to register a steady earnings CAGR during the forecast period. The key factors giving impetus to the market’s revenue growth are increasing number of green building construction projects and rapid development of net-zero energy buildings as well as increasing awareness. to consumers about sustainability and carbon dioxide emissions.
Window tint is a thin laminate tint that is widely used on the interior or exterior glass surfaces of cars, boats, homes, and buildings. Because of its clarity, tensile strength, dimensional stability, and capacity to take a variety of surface-applied or embedding treatments, window tints are popular around the world, usually it is made from polyethylene terephthalate (PET), a thermoplastic polymer resin in the polyester family. . These tints are commonly adopted in residential and commercial applications to improve energy efficiency in heating and cooling.
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The revenue growth of the global window tint market is mainly driven by the increasing demand for energy efficient buildings. Buildings require a lot of energy, which results in a lot of CO2 in the environment. According to a study used coatings can reduce the annual use of cooling energy by 35% while increasing the annual cost of heating energy by 2%. These tints are sometimes known as e-tints because they save energy. Additionally, increasing demand for tints in the building and construction industry and supporting government rules and regulations regarding the adoption of green and efficient solutions is expected to drive the market growth.
Top Players in Global Window Tint Market:
3M
Eastman Chemical Company
American 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 Sun Control
Reflective Window Tints
The growth of the tint market across the globe is largely hindered by several adverse factors. Different countries, even different states, have different rules and policies, forcing businesses to change their manufacturing processes to meet strict regulations. For example, in 2017, New York implemented a new rule requiring car window tint to be tested during an annual inspection. If the color of the car registers more than 70%, the car will probably fail the inspection and be fined. Vehicle restrictions are also becoming stricter in developing economies such as India. According to the Motor Vehicles Act of India, the front and rear windshields must have a VLT (visual light transmission) of at least 70%, which means no more than 20% tinting. Therefore, the imposition of strict and variable regulations is a major factor that restricts the growth of the market to some extent.
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Market segmentation based on Product Type Outlook:
Controlling the Sun
Decorative
Security and Safety
Policy
Application Overview:
Automotive
Flat
commercial
Marine
The others
Regional Outlook:
North America
US
Canada
Mexico
Europe
Germany’s
UK
Italy
France
BENELUX
The rest of Europe
Asia Pacific
China
India
Japan
South Korea
The rest of APAC
Latin America
Brazil
The rest of LATAM
Middle East and Africa
Saudi Arabia
UAE
South Africa
The rest of the MEA
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