According to a new report Global Fiberglass Sunscreen Market, published by KBV research, The Global Fiberglass Sunscreen Market size is expected to reach $2.6 billion by 2027, rising at a market growth of 5.8% CAGR during the forecast period.
The Corporate Buildings market dominated the Global Fiberglass Sunscreen Market by Application in 2020. The residential segment is anticipated to showcase a significant growth rate during the forecast period. Fiberglass sunscreen delivers many benefits in comparison to conventional forms of window covers, like curtains. Additionally, they are durable & functional, with enhanced visual clarity. It also helps in keeping insects out and provides the advantage of the highest lighting and maximum airflow into the house that further supports the high adoption rate in the residential industry.
Region-wise, North America emerged as the leading region in the fiberglass sunscreen market with the largest revenue share in 2020. The growth is attributed to the rising spending on residential renovations and repairs by people across North America. The spending on interior remodeling & renovations in the rental and owner-occupied houses is increased, led to the higher adoption. The Europe market is showcasing a CAGR of 5.5% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.1% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/fiberglass-sunscreen-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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