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.
Market Competition
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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More Insights Available
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
- 2-3 Ply Blackout Fabric
- Above 3 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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Table of Content
1. Global Blackout Fabric Market - Executive Summary
1.1. Global Market Overview
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. FMI Analysis and Recommendations
2. Global Blackout Fabric Market Overview
2.1. Market Coverage / Taxonomy
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
3.3. Life Cycle Stage
3.4. Importance of Technology
3.5. Use Cases of Blackout Fabric
Explore FMI’s Extensive Coverage on Consumer Product Domain
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