USD 8.85 billion
" "
Report ID:
SQMIG25M2059 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Blackout Fabric Market size was valued at USD 8.85 billion in 2021 and is poised to grow from USD 9.45 billion in 2022 to USD 16 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).
Blackout Fabric Market is a rapidly growing industry that offers window coverings for homes, offices, and other commercial spaces. The purpose of the market is to provide customers with high-quality blackout fabrics that can help control light, heat, and noise, thereby creating a comfortable indoor environment. The increasing awareness about energy-efficient solutions is driving demand for blackout fabrics that can help reduce energy consumption and lower electricity bills. Also, the growing number of interior projects across the world is driving demand for stylish and functional window coverings that can enhance the aesthetic appeal of a space. However, some restraints in the market are hindering market growth. The high cost of blackout fabrics is a major barrier to adoption, especially for price-sensitive customers. Additionally, competition from alternative products such as blinds and shades limit the market share of blackout fabrics. Despite these challenges, there are also several key trends and opportunities in the market. For instance, the growing demand for eco-friendly and sustainable solutions is driving the adoption of blackout fabrics made from natural materials. Moreover, the rise of e-commerce platforms and online marketplaces is making it easier for customers to access a wide range of blackout fabrics at competitive prices.
US Blackout Fabric Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 8.85 billion
Largest Segment
2-3 Ply
Fastest Growth
2-3 Ply
Growth Rate
6.8% CAGR
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Blackout Fabric Market is segmented on the basis of thickness, end users, and region. By thickness, the market is segmented into Up to 1 Ply, 2-3 Ply, and Above 3 Ply. By end users, the market is segmented into industrial, schools and colleges, photography laboratories, hotels & restaurants, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Blackout Fabric Market Analysis by Thickness
The 2-3 ply segment dominated the global blackout fabric market. It's no surprise that this segment is a hit among consumers, as it boasts features like better light and temperature control and superior sound absorption, making it an excellent choice for those looking for cost-effective window coverings. The base fabric for 2-3 ply fabric can be made of a variety of materials, including polyester, cotton, or a blend, allowing consumers to choose the one that suits their needs best. This versatility and affordability have contributed significantly to the segment's dominance in the market.
Meanwhile, the 3-ply segment is expected to expand at a CAGR of 6.2% over the forecast period, indicating a growing demand for this thick, high-performance fabric. This segment is the thickest form of blackout fabric available, and it's also the most expensive of the three. The manufacturing process of a 3-ply fabric involves spraying the base fabric with white acrylic foam, adding a black opaque membrane to the middle layer, and then layering the last base with white acrylic foam again. This intricate process makes the fabric more resistant to light, temperature, and sound than the other two segments, providing the ultimate window covering solution for those seeking maximum privacy and insulation.
Blackout Fabric Market Analysis by End User
Hotels and restaurants dominated the global blackout fabric market. These establishments require a comfortable and pleasant atmosphere for their guests, and the use of blackout fabric provides an aesthetic and functional solution. With the rising number of hotels and restaurants worldwide, the demand for blackout fabric is expected to grow steadily in the coming years.
Photography laboratories are projected to register a CAGR of 6.3% from 2022 to 2030. In photography, light control is crucial to create the perfect shot, and blackout fabric helps achieve this by preventing external light from entering the studio. The market offers a range of versatile blackout curtains that are easy to move around, fire-resistant, and available in different colors, such as black/black, black/white, and white/white, to suit various studio settings.
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North America dominated the global market. One of the key drivers of this growth is the increasing number of interior design projects in the region, spanning commercial, industrial, and residential sectors. The demand for blackout fabrics is particularly strong in the residential sector, where customers are looking for energy-efficient and stylish window coverings. Canada, the US, and Mexico are the major contributors to the growth of the North American blackout fabric market. Canada experiences extremely cold temperatures during the winter, with most parts of the country covered in snow for several months. As a result, there is a strong demand for blackout fabrics that can help maintain a warm and comfortable temperature inside buildings. In addition, blackout fabrics are also popular in commercial and industrial settings, where they can help reduce energy costs and improve employee productivity by controlling light and glare. Another factor driving the growth of the market is the increasing emphasis on sustainability and energy efficiency. Governments and businesses in the region are increasingly focused on reducing energy consumption and carbon footprints, and blackout fabrics are seen as a cost-effective and eco-friendly solution. Furthermore, the region has many environmentally conscious consumers willing to pay a premium for products that are sustainably produced and have a lower impact on the environment.
The Asia Pacific region is expected to register the fastest CAGR of 7.5% from 2022 to 2030. One of the key drivers of this growth is the increase in temperatures in places near the coast and desert. This trend drives demand for window coverings that can help control the temperature and provide a more comfortable indoor environment. Blackout fabrics are increasingly used in commercial and household spaces to control heat and humidity during the hot and humid summers in the region. The tourism industry is also a major factor driving the growth of the Asia Pacific blackout fabric market. Tourists from colder countries prefer to stay in hotels that offer a pleasant atmosphere, as the hot and humid climate can make it difficult for them to enjoy their journey. This has resulted in an increased demand for blackout fabrics in hotels and resorts, which provide a comfortable indoor environment for guests. In addition to the tourism industry, the residential sector is also a significant contributor to the growth of the Asia Pacific blackout fabric market. The rising disposable incomes in the region are driving demand for energy-efficient and stylish window coverings in households. Furthermore, the increasing emphasis on sustainability and eco-friendliness is also driving the adoption of blackout fabrics in the region. Despite the growth drivers, there are also some restraints in the Asia Pacific blackout fabric market. The high cost of blackout fabrics can be a barrier to adoption, especially for price-sensitive customers. Moreover, competition from alternative products such as blinds and shades can also limit the market share of blackout fabrics. However, the increasing demand for energy-efficient and eco-friendly solutions is expected to drive the growth of the Asia Pacific blackout fabric market in the coming years.
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Blackout Fabric Market Drivers
Growing demand for energy-efficient solutions
Increasing demand for privacy and light control
Rising consumer interest in home decor and interior design
Blackout Fabric Market Restraints
Limited design options
Environmental concerns
Seasonal demand
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Global Blackout Fabric Market is highly competitive, with many established and emerging players vying for market share. The market is characterized by intense competition, technological advancements, and a focus on developing sustainable and eco-friendly products. In addition to these established players, there are also numerous emerging players in the market, particularly in developing regions such as Asia-Pacific and South America. The market’s competitive landscape is driven by factors such as price, product innovation, brand recognition, and customer service. Companies are increasingly focused on developing eco-friendly and sustainable products and using advanced technologies such as microfiber and nanotechnology to improve the performance of their blackout fabrics.
Blackout Fabric Market Top Player’s Company Profiles
Blackout Fabric Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Blackout Fabric Market analysis, the market is witnessing significant growth due to the increasing demand for temperature control, privacy, and light filtration in various industries. In terms of segment, the 2-3 ply segment dominated the market, while the 3-ply segment is estimated to expand at the fastest CAGR over the forecast period. The increasing demand for 3-ply blackout fabric is due to its ability to resist light, temperature, and sound more efficiently than the other two segments. Hotels and restaurants dominated the global market in 2022 due to the need to create a comfortable and pleasant atmosphere for visitors. Meanwhile, photography laboratories are expected to register the fastest CAGR due to the need for controlling light in studio settings. North America dominated the global market, while Asia Pacific is expected to register the fastest CAGR. The increasing demand for blackout fabric in the Asia Pacific region is due to an increase in temperatures in coastal and desert areas and a growing tourism industry.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 8.85 billion |
Market size value in 2030 | USD 16 billion |
Growth Rate | 6.8% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Blackout Fabric Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blackout Fabric Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blackout Fabric Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG25M2059