As per Future Market Insights, in 2022, North America is expected to account for a market share exceeding 31% with regard to blackout fabric sales. Rapid urbanization, as well as semi-urban areas in North America, are expected to significantly contribute to and drive revenue of the blackout fabric market
NEWARK, Del, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The global demand for blackout fabric is projected to increase at a CAGR of 6.9% during the forecast period between 2022 and 2032, reaching a total of US$ 17.92 Billion in 2032, according to a report from Future Market Insights. From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 3.5%.
The global market for blackout fabric laminates is anticipated to witness significant growth due to various potential advantages such as design aesthetic flexibility, lightweight, low maintenance, quick installation, and so on. Blackout fabric laminates can also preserve efficiency and cut energy costs by up to one-fourth, the requirement in emerging businesses for blackout fabric laminates.
Mounting sales of such laminations are predicted to garner handsome growth in the blackout fabric market over the 2022-2032 forecast period. Increase in the number of smart homes in developing countries due to economic growth is fuelling the blackout fabric market. High volume demand for a healthy lifestyle is spurring demand for blackout fabric.
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Key Takeaways from the Market Study
In terms of revenue, the 2-3 ply segment to hold a 55.5% revenue share in 2022
Asia Pacific is expected to grow at a CAGR of 8% from 2022 to 2032.
Over the forecast period, the above 3 Ply segment is projected to grow at a CAGR of 6.2%.
North America to account for 31% of the blackout fabric market share in 2022
From 2022 to 2032, photography laboratories to emerge as the primary end user, growing at a 6.5% CAGR
“As urbanization expands, cities are investing in smart homes, with specific emphasis on ambient lighting and light filtering. Hence, uptake of blackout fabrics across key application areas is expected to rise significantly in forthcoming years,” says an analyst at FMI.
Prominent players in the industrial Blackout Fabric market are UNITEC Textile Decoration Co., Ltd., Etremonde Polycoaters Limited, Indiana Coated Fabrics, Hunter Douglas, Dunmore, Herculite, P.W. Greenhalgh & Company Limited, Sotexpro, Bandalux, Création Baumann and others. Some notable developments by manufacturers are
In November 2021, UNITEC Textile Decoration Co. Ltd released the Blackout Blinds Fabric Laminar URB8800 series, a newly developed roller blind fabric. It distinguishes itself from the previous roller blind fabric by having a fabric pattern on the front side and a coating on the back. As a result, it is fabric on both sides. The fabric texture is the same whether indoors or outdoors.
The Duette® LightLockTM system, which fits securely into the window frame and was released in January 2019 by Hunter Dougals, is the only one of its kind to provide such darkening effects. Its innovative U-shaped side channels have a black, ridged interior surface that traps and absorbs light from all angles, leaving rooms nearly dark.
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Future Market Insights, in its new offering, presents an unbiased analysis of the global blackout fabric market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of End Use (Industrial Use, Schools and Colleges, Photography Laboratories, Hotels & Restaurants), Thickness (Up to 1 Ply, 2-3 Ply, Above 3 Ply), and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About the Consumer Product Division at Future Market Insights
The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Key Segments Covered in the Blackout Fabric Industry Analysis
Blackout Fabric Market by End Use:
Blackout Fabrics for Industrial Use
Blackout Fabrics for Schools and Colleges
Blackout Fabrics for Photography Laboratories
Blackout Fabrics for Hotels & Restaurants
Blackout Fabrics for Other End Uses
Blackout Fabric Market by Thickness:
Up to 1 Ply Blackout Fabric
Blackout Fabric Market by Region:
North America Industrial Blackout Fabric Market
Latin America Industrial Blackout Fabric Market
Europe Industrial Blackout Fabric Market
Asia Pacific Industrial Blackout Fabric Market
Middle East & Africa Industrial Blackout Fabric Market
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1. Global Blackout Fabric Market - Executive Summary
1.4. FMI Analysis and Recommendations
2. Global Blackout Fabric Market Overview
2.2. Market Introduction and Definition
3. Market Background and Foundation Data Points
3.1. Need of the Hour for Industries
3.2. Blackout Fabric – Strategic Priorities
3.5. Use Cases of Blackout Fabric
Explore FMI’s Extensive Coverage on Consumer Product Domain
Fabric Care Market Size : The fabric care market is valued at US$ 107 Bn in 2021. It is set to grow at 5.9% CAGR through 2027.
Blinds & Shades Market Share : As per newly released data by Future Market Insights (FMI), the blind & shades market is estimated at US$ 14.2 Bn in 2022 and is projected to expand at a CAGR of 4.4% during the forecast period from 2022 to 2029.
Docking Station Market Value : The global docking station market is projected to expand steadily at a CAGR 6.4% value, during the forecast period 2022-2032.
Alternative Accommodation Market Trends : The global alternative accommodation market is likely to hold a value of US$ 626.5 Billion. With a CAGR of 16.2%, the market is projected at US$ 139.6 Billion during the forecast period from 2022 to 2032.
Home Audio Equipment Market Volume : The global home audio equipment market is anticipated at US$ 25 Billion in 2021. The sector is gaining pace as companies provide technologically improved home audio equipment with various wireless technologies.
Pet Treats and Chews Market Sales : The pet treats and chews market is estimated to reach US$ 8.2 Bn in 2022 and is projected to reach US$ 13.7 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.
Pet Water Dispenser Market Forecast : The pet water dispenser market is estimated to reach US$ 151.2 Mn in 2022 and is projected to reach US$ 258.4 Mn by 2032, at a CAGR of 5.5% from 2022 to 2032
Pet Transporting Service Market Outlook : The global pet transporting service market size is slated to top US$ 522 Mn in 2022 and is projected to reach US$ 812 Mn by 2032, at a CAGR of 4.5 % from 2022 to 2032.
Pet Lodging Market Demand : The pet lodging market size is estimated to be valued at US$ 3.1 Billion in 2022 and is projected to reach US$ 5.0 Billion by 2032.
Aquarium Water Treatment Market Analysis : The global aquarium water treatment market size is estimated to be valued at ~US$ 7,320.0 Mn in 2022 and is projected to reach ~US$ 10,835.3 Mn by 2032.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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