The global solar control films market was valued at USD 597.5 million in 2018 and is expected to reach USD 959 million by 2028, expanding at a CAGR of 6.1% during the forecast period, 2021 – 2028. The growth of the market is attributed to increasing concerns towards reducing the carbon footprint around the globe.
Solar control window film, also known as solar window films is a thin plastic layer or polymer that is used for protection against heat or sunlight. This layer protects the window glass from heating up, block UV radiation, and limit the amount of visible light and glare entering the room/vehicle by improving the reflecting and absorbing properties of the glass.
Window films are often put on the inner side of glass panes or windows in homes, offices, hotels, autos, and airplanes. The solar control film also adds up to the aesthetic of the glass and is widely available in varied grades, colors, thicknesses, and finishes. These films are extremely famous in the building & construction and automotive industries.
The report on the global solar control films market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Solar Control Films Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Clear [Non-Reflective], Dyed [Non-Reflective], and Vacuum Coated [Reflective]) and Applications (Commercial Buildings, Residential Buildings, Automobile, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Eastman, 3M, Saint Gobain, Madico, Johnson, Hanita, Haverkamp, Sekisui, Garware SunControl, Wintech, Erickson, KDX, Shuangxing(Kewei), and Recon Blinds |
The vacuum coated segment is expected to expand at a high CAGR during the forecast period
Based on types, the global solar control films market is divided into clear [non-reflective], dyed [non-reflective], and vacuum coated [reflective]. The market share of the vacuum coated segment accounted for the largest market share in 2018 and is constantly rising and is estimated to hold major share during the forecast period.
The automobile segment is projected to hold major market share during the forecast period
Based on applications, the global market is segmented into commercial buildings, residential buildings, automobile, and others. The automotive segment is expected to grow at a rate of 11% CAGR in revenue during the forecast period. Vehicles are exposed to a lot of sunlight, which raises the internal temperature and puts more strain on the air conditioning system, which impacts fuel usage. These coatings assist to keep the inside temperature stable by reflecting UV radiation. The growing automobile sector may have a favorable influence on the market for sun control window films.
The marine application market is expected to exceed USD 110 million by 2028, with a CAGR of over 11%. During a voyage, ships are exposed to the sun's damaging rays. Harmful UV radiation can cause headaches, damage to cellular phones, audio instruments, and nautical equipment.
Market in the Asia Pacific to expand at a robust CAGR
In terms of regions, the global solar control films market is classified as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific emerged as the fastest-growing market, with a CAGR of 10.9% in 2020. The rapid industrialization and commercialization of countries like India, Thailand, and South Korea are expected to create immense growth opportunities for the market players.
Increased construction is fueling the rise of solar-controlled window films in the regional market, which is driven by the growing need for commercial space due to the rise of service industries such as information technology, banking, financial services and insurance, and telecommunications.
Segments Covered in the Report
The global solar control films market has been segmented on the basis of
Types
Applications
Regions
Key Players
Major players in the global solar control films market include Eastman, 3M, Saint Gobain, Madico, Johnson, Hanita, Haverkamp, Sekisui, Garware SunControl, Wintech, Erickson, KDX, Shuangxing(Kewei), and Recon Blinds.
Madico, Inc. purchased Midwest Marketing, Inc.'s distribution business in August 2018. This purchase was projected to benefit the company's distribution business by allowing it to provide direct service to all of its clients in the US.
Segments Covered in the Report
The global solar control films market has been segmented on the basis of
Types
Applications
Regions
Key Players
Major players in the global solar control films market include Eastman, 3M, Saint Gobain, Madico, Johnson, Hanita, Haverkamp, Sekisui, Garware SunControl, Wintech, Erickson, KDX, Shuangxing(Kewei), and Recon Blinds.
Madico, Inc. purchased Midwest Marketing, Inc.'s distribution business in August 2018. This purchase was projected to benefit the company's distribution business by allowing it to provide direct service to all of its clients in the US.
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