The North America Fiberglass Sunscreen Market would witness market growth of 5.1% CAGR during the forecast period (2021-2027).
The fiberglass sunscreens are available on a wide range of retail channels through both online and offline mediums including Amazon, Lowe’s, Home Depot, and eBay. The major portion of the end-users of fiberglass sunscreen is the building & construction contractors, and they buy this fiberglass sunscreen in bulk quantities, thus, direct sales by manufacturers at wholesale prices is one of the ways to get these fiberglass sunscreens for further usage. The main target for retail distribution is the households & architectural companies, which look forward to limited purchases to perform their building renovation or repair works.
There is a rise in spending by the customers on home remodeling or home interior in 2020 in comparison to 2019 due to the outbreak of the global covid-19 pandemic and imposed lockdown conditions. As per a survey in 2020, by Home Advisor, average household spending on home interior or home services in the U.S. increased to USD 13,138 that was a USD 4,000 surge year-over-year. The U.S. households spent USD 8,305 on average on home remodeling, USD 1,640 on home emergencies, and USD 3,192 on management.
The North America region has many developed nations like the US and Canada, which have a high-income level population who spend more on remodeling their homes frequently. People in this region are more aware of increasing environmental concerns, thus they are inclining towards using sustainable products for their lifestyle and home décor. In addition, there is high spending of customers on home remodeling in this region, which would propel the growth of the market.
Population in the North American region is willing to spend the money on their home to make it look better and elegant, which would open new lucrative opportunities for the fiberglass sunscreen manufacturers. This region is the hub for many key players of the fiberglass sunscreen market that would help this regional market to grow at a fast pace.
The US market dominated the North America Hotels Fiberglass Sunscreen Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $154.6 million by 2027. The Canada market is experiencing a CAGR of 7.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 6.7% 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 U.S., Mexico, Canada, and the Rest of North America.
Free Valuable Insights: The Global Fiberglass Sunscreen Market is Estimated to Reach USD 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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