This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
Blackout Fabric Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
GET A FREE SAMPLE
Report Overview
The global blackout fabric products market was valued at USD 5.4 billion in 2022 and is projected to expand at a CAGR of 5.7% from 2023 to 2030. The increasing demand for energy-efficient fabrics is driving the growth of the market. Blackout fabrics are energy-efficient fabrics that are designed to reduce the amount of light entering a space, thus providing a comfortable living environment. These fabrics are available in various colors and textures and can be used in a wide range of applications, such as curtains, draperies, blinds, and shades.
In addition, the growing trend of interior decoration is further propelling the demand for blackout fabrics. Blackout fabrics are increasingly being used to decorate residential and commercial spaces. With the increasing demand for window treatments, the demand for blackout fabrics is expected to increase over the forecast period. Furthermore, the introduction of new designs and innovative products by market players is expected to propel the growth of the market. For instance, in August 2021, Kravet launched a new collection of blackout fabrics, which includes contemporary and modern designs.
The rising demand for eco-friendly fabrics is expected to drive the market growth over the forecast period. Manufacturers are increasingly developing eco-friendly fabrics that are made from natural and biodegradable materials. These fabrics are also known as green fabrics and are gaining popularity due to the increasing awareness regarding environmental sustainability. Furthermore, the increasing development of technical fabrics that are designed to provide insulation is expected to drive the growth of the market.
In addition, the increasing demand for smart home products is expected to drive the growth of the market. Smart home products are becoming increasingly popular due to their features such as convenience, energy efficiency, and enhanced security. Blackout fabrics are used in various smart home applications, such as automated blinds and shades, automated drapes, and automated curtains. Furthermore, the increasing demand for digital printing technology is expected to fuel the adoption of blackout fabrics over the forecast period.
Product Insights
The blackout fabric segment accounted for the largest share of around 34.2% in 2022. The demand for blackout fabric products is expected to surge in the forthcoming years owing to the rising demand for energy efficient products. According to an article published by the University of Westminister, in December 2020, blackout fabrics are extremely effective in preventing the sun’s rays from entering a space and can reduce solar heat gain by up to 53%. In addition, the increasing popularity of blackout curtains and blinds to enhance home décor and block out natural light are the key factors driving the growth of the blackout fabric market.
The flame retardant fabric segment is anticipated to expand at the fastest CAGR of 8.6% over the forecast period. The demand for flame retardant fabrics is expected to surge in the forthcoming years owing to stringent government regulations associated with fire safety. According to an article published by the International Association for Fire Safety Science, in March 2020, flame retardant fabrics are increasingly being used in various industries such as transportation, construction, defense, and automotive due to their fire-resistant properties. Furthermore, the increasing demand for flame retardant fabrics from emerging economies is expected to provide an impetus to the market growth over the forecast period.
Distribution Channel Insights
The specialty stores segment is anticipated to expand at the highest CAGR of 8.3% over the forecast period. Specialty stores are becoming a popular source for purchasing blackout fabric products due to the availability of a wide range of products and personal service. The stores offer an array of fabrics and related products along with advice on how to use them. Specialty stores also provide customers with a wider variety of styles, colors, and patterns than found in department stores and online stores.
The online segment is expected to witness a significant growth over the forecast period. The growing penetration of the internet, the rise in the number of smartphone users, and the increased use of social media platforms are expected to drive the online segment. Online stores provide customers with a wide range of blackout fabric products with a wide range of styles, colors, and patterns. In addition, the availability of discounts, low prices, and convenient payment options further boost the demand for online stores.
Type Insights
The blackout fabric segment is estimated to account for the highest revenue share in 2022. The rising demand for energy-efficient window treatments is one of the key factors driving the segment. According to the U.S. Department of Energy, the installation of blackout fabric curtains or shades can reduce the heat loss through windows by up to 25%. Furthermore, the rising demand for blackout fabrics from the hospitality sector is also driving the market. For instance, in May 2022, EcoSmart Shades, a leading blackout fabric provider, announced its partnership with Home2 Suites by Hilton, a brand of Hilton Hotels, to provide blackout fabric curtains in its hotel rooms.
The light filtering segment is anticipated to register the highest CAGR of 6.9% over the forecast period. Light filtering fabrics are used in blinds and curtains to reduce the intensity of the light entering through windows. The growing demand for energy-efficient window treatments has increased the demand for such fabrics, which is expected to drive the growth of the segment in the forecast period. Furthermore, rising investments in the residential construction sector is also likely to boost the segment in the near future.
Regional Insights
Europe dominated the market and accounted for the largest revenue share of over 40.6% in 2022. This is attributed to the increasing demand for blackout fabric products in the region. The growing demand for blackout fabric products is mainly attributed to the growing trend of interior decorating in the region. The demand for blackout fabric products is also increasing due to the rising preference for energy efficient and environment-friendly window treatments. Additionally, the presence of a large number of luxury hotels and resorts in the region is further expected to drive the demand for blackout fabric products in Europe.
Asia Pacific is expected to witness the fastest growth during the forecast period. An increase in the number of construction activities in the region is one of the major factors driving the growth of the market. Additionally, the rising disposable income of the population in the region is also playing a key role in the growth of the market for blackout fabric products. Furthermore, the growing trend of using blackout fabric products in commercial spaces such as cinemas and theatres is also contributing to the growth of the market in the region.
Financial Projections
In this section of the business plan, we will provide a detailed breakdown of all income and expense categories of the blackout fabric products business. These forecasts include cash flow projections and capital requirements for the business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for the blackout fabric products business comes from sales of fabric products such as curtains, blinds, shades, and other accessories. Here you will find a list with a description of each of them as well as possible sources of profit such as bulk orders, custom orders, and other services.
Projecting Expenses
In this section, all the regular expenses related to keeping the blackout fabric products business running will be described. The list of operating expenses includes wages, rent, utilities, insurance policies, advertising, and others. Additionally, there will be the costs associated with purchasing fabric, manufacturing the products, and shipping them to customers.
Key companies & market share insights
Some of the key companies operating in the blackout fabric market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In June 2022, ADT Fabrics launched their new line of blackout fabric, featuring a highly effective light blocking technology.
– In August 2022, Mermet USA launched a new range of blackout fabric designed to reduce sound transmission and light reflection.
– In October 2022, Phifer Incorporated launched a series of blackout fabric designed to reduce thermal transmission and provide energy savings.
Some of the prominent players in the blackout fabric market include:
– ADT Fabrics
– Mermet USA
– Phifer Incorporated
– Sunscreen Fabric
– Hunter Douglas
– 3M
– Saint Gobain
– Solar Screen
– Sunbrella
– Soltis Lames
Global Blackout Fabric Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global blackout fabric products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Roller Shades
– Cellular Shades
– Roman Shades
– Panel Tracks
– Drapery
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Fabric
– Vinyl
– Others
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Key Drivers of the Blackout Fabric Market?
[A]: The key drivers of the blackout fabric market include an increasing demand for blackout fabric from the hospitality industry, the rising need for energy efficiency, and the growing need for privacy. The increasing demand for window treatments in commercial and residential spaces is also driving the growth of the blackout fabric market.
[Q]: What is the Potential of Product Innovation?
[A]: Manufacturers are introducing innovative products such as fire retardant blackout fabric, acoustic blackout fabric, and motorized blackout fabric, to cater to the rising demand from consumers. Innovations in product design, features, and materials are expected to drive the growth of the blackout fabric market.
[Q]: Who are the Key Players in the Blackout Fabric Market?
[A]: Key players in the blackout fabric market include Hunter Douglas, Mermet Corporation, Solar Protection, Inc., and J&J Industries, Inc.
[Q]: What is the Regional Outlook of the Blackout Fabric Market?
[A]: North America is expected to be the largest market for blackout fabrics in terms of both value and volume. Asia-Pacific is expected to be the fastest-growing market for blackout fabrics, owing to the growing demand for energy-efficient window treatments in the region.
[Q]: What are the Challenges Facing the Blackout Fabric Market?
[A]: The key challenge for the market is the availability of substitutes for blackout fabric, such as blinds, shutters, and curtains. Additionally, the high cost of manufacturing blackout fabric is expected to hinder the growth of the market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
