The market is highly fragmented with the presence of several local players offering low quality products at lower prices. This increases the competition and pressure on prices for established brands. Additionally, lack of quality standards and regulations in some regions has led to the proliferation of counterfeit products that affect sales. Strict environmental laws in some countries pose technical challenges for manufacturers to develop eco-friendly products within set cost limits.
Opportunities: Rising consumer awareness about energy savings
Rising consumer awareness about energy savings is driving the demand for energy-efficient windows films. Additionally, the commercial sector is expected to boost sales as these films aid in temperature control and lower electricity bills for businesses. Growing construction industry worldwide is expanding the overall base of installable windows. Manufacturers can focus on developing advanced security and decorative window films to target specific industry verticals.
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