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The Latin America, Middle East and Africa Fiberglass Sunscreen Market would witness market growth of 6.7% CAGR during the forecast period (2021-2027).
Nowadays, people are getting more aware of the increasing environmental issues and the ways through which they can reduce the harmful effects on the environment. So, due to this awareness, people prefer to use sustainable products to cause less harm to the environment. Fiberglass Sunscreen is recyclable and causes less harm to the environment and hence, the demand for fiberglass sunscreen is witnessing a spike in the market.
The changing trend of ethical consumerism is surging the demand for sustainable products in the market. This shift in the consumer preference for sustainable fiberglass window systems fitted in schools, offices, retail facilities, and other buildings is opening new growth avenues for the market growth.
There are several developing countries in this region, which are demanding more for this product due to the increasing spending of the population on home improvements. In addition, some nations like South Africa are still untapped market, which have huge potential to grow due to the available resources in the market.
Moreover, people in this region are getting more aware of the usage of sustainable materials for their home décor, which is increasing the demand for fiberglass sunscreen in this region. People are shifting their focus from just being living under a roof to a well-organized and beautiful home, thus, there would be a surge in the demand for fiberglass sunscreen in this region.
The Brazil market dominated the LAMEA Residential Fiberglass Sunscreen Market by Country 2020, thereby, achieving a market value of $12.5 million by 2027. The Argentina market would witness a CAGR of 8.6% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 7.7% during (2021 - 2027).
Based on Application, the market is segmented into Corporate Buildings, Hotels, Residential, Hospitals & Clinics, Educational & Government Institutions and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hunter Douglas N.V., Fulltech Fiber Glass Corporation, Changzhou Bestex Technical Textile Co., Ltd., Sunscreen (Singapore) Pte. Ltd., Sichuan Groupeve Co. Ltd., Wuxi EV Window Decoration Co., Ltd., Hongyuan Envirotech Co., Ltd. (Zhejiang Hongsheng Envirotech Group Co., Ltd.), Ningbo Xianfeng New Material CO., Ltd., Phifer, Inc., and Mermet Corporation.
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