The Europe Fiberglass Sunscreen Market would witness market growth of 5.5% CAGR during the forecast period (2021-2027).
The rising focus on inventory management to decrease the warehouse and supply cost is resulting in the transition of traditional retailers like Lowe’s and Home Depot to online retail of fiberglass sunscreen. Though, the offline retail stores via multi-retail chains, hardware stores, and independent construction material suppliers are continuing their dominance in the market because these entities are involved in the bulk supply of such materials to B&C contractors.
The shifting trend of ethical consumerism is generating more demand for sustainable products in the market. Many people as well as the construction sector are inclined towards using insulation materials like fiberglass sunscreens, for residential & commercial buildings. Enterprises operating in this market are aiming at following this trend to achieve a substantial market share. Fiberglass sunscreens can be recycled and they also have very low effects on the environment. These materials are majorly utilized in green buildings because they considerably minimize the carbon footprint of the building. In addition, fiberglass sunscreen also helps in decreasing the air conditioning & heating costs; thus, it is considered economical for consumers, which is estimated to be a driving factor of the market.
Many developed countries in this region have a high-income level population. People in this region are increasingly spending on their home décor to make their home look more attractive, for this, they are demanding fiberglass sunscreen material that looks simple and classy. Fiberglass sunscreen is an insulation material that helps in maintaining the temperature of the home for more comfort, thus people are opting for the product.
In addition, the shifting lifestyle of people and increasing focus of people have increased the spending more on home remodeling and improvement. Moreover, the growing construction projects in the tourism sector of the region would also create lucrative demand for fiberglass sunscreen in this region.
The German market dominated the Europe Hospitals & Clinics Fiberglass Sunscreen Market by Country 2020, thereby, achieving a market value of $27.8 million by 2027. The UK market is exhibiting a CAGR of 5.8% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 7.4% 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 Germany, UK, France, Russia, Spain, Italy, and the Rest of Europe.
Free Valuable Insights: The Global Fiberglass Sunscreen Market Size will Hit $2.6 Billion by 2027, at a CAGR of 5.8%
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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