Solar Control Films Market

Solar Control Films Market

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Aamir

Author :

Aamir Ansari

Vineet

Fact-checked by :

Vineet Pandey

Swapnil

Editor :

Swapnil Hedau

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 Films Market Key Takeaways


Solar control window film, also known as solar window film 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, blocks UV radiation, and limits 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 solar control glass and in 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.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for solar control window films in residential and commercial buildings, as well as the rising automotive sector in developing nations, is expected to drive the market.
  • Solar films for commercial and residential use are long-lasting and durable films that help to minimize issues like heat, energy loss, and glare in commercial, institutional, and residential settings; this is estimated to drive the market.
  •  The need for solar control films is growing due to rising energy prices and environmental challenges to fulfill the rising need for energy efficiency.
  • Availability of alternative solar control technologies and products is projected to be a major restraint on the market expansion.
  • Manufacturers fail to meet their warranty responsibilities and low-quality films discolor and fall apart in a short amount of time. This hampers the market growth.

Scope of Solar Control Films Market Report

The market report 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

Type (Clear [Non-Reflective], Dyed [Non-Reflective], and Vacuum Coated [Reflective]) and Application (Commercial Buildings, Residential Buildings, Automobile, Marine, 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

 

Solar Control Films Market Segment Insights:

Based on type, the solar control films market is divided into clear [non-reflective], dyed [non-reflective], and vacuum coated [reflective]. The clear segment is expected to expand at a significant growth rate during the projection period. Non-reflective films are created to absorb excessive heat and light. Non-reflective Films are tinted films, which mainly reduce heat. These films are easy to install on curved glass.

Based on application, the global market is segmented into commercial buildings, residential buildings, automobile, marine, 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 segment 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, and damage to cellular phones, audio instruments, and nautical equipment.

Solar Control Films Market By applications


In terms of region, 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. Rising industrialization in emerging economies such as India and China leads to the growing need for commercial spaces for various industries such as banking, information technology, financial services, and telecommunication. The demand for solar control films in commercial and residential spaces is increasing as this helps in minimizing excessive heat such as UV rays and glare in commercial buildings.

Segments

Segments Covered in the Report
The global solar control films market has been segmented on the basis of

Type

  • Clear [Non-Reflective]
  • Dyed [Non-Reflective]
  • Vacuum Coated [Reflective]

Application

  • Commercial Buildings
  • Residential Buildings
  • Automobile
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Key Players

Competitive Landscape

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.
 

Solar Control Films Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Control Films Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Control Films Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Control Films Market - Supply Chain
  4.5. Global Solar Control Films Market Forecast
     4.5.1. Solar Control Films Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Control Films Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Control Films Market Absolute $ Opportunity
5. Global Solar Control Films Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Solar Control Films Market Size and Volume Forecast by Types
     5.3.1. Clear [Non-Reflective]
     5.3.2. Dyed [Non-Reflective]
     5.3.3. Vacuum Coated [Reflective]
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Solar Control Films Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Solar Control Films Market Size and Volume Forecast by Applications
     6.3.1. Commercial Buildings
     6.3.2. Residential Buildings
     6.3.3. Automobile
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Solar Control Films Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Solar Control Films Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Solar Control Films Demand Share Forecast, 2019-2026
8. North America Solar Control Films Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Solar Control Films Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Solar Control Films Market Size and Volume Forecast by Types
     8.4.1. Clear [Non-Reflective]
     8.4.2. Dyed [Non-Reflective]
     8.4.3. Vacuum Coated [Reflective]
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Solar Control Films Market Size and Volume Forecast by Applications
     8.7.1. Commercial Buildings
     8.7.2. Residential Buildings
     8.7.3. Automobile
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Solar Control Films Demand Share Forecast, 2019-2026
9. Latin America Solar Control Films Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Solar Control Films Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Solar Control Films Market Size and Volume Forecast by Types
     9.4.1. Clear [Non-Reflective]
     9.4.2. Dyed [Non-Reflective]
     9.4.3. Vacuum Coated [Reflective]
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Solar Control Films Market Size and Volume Forecast by Applications
     9.7.1. Commercial Buildings
     9.7.2. Residential Buildings
     9.7.3. Automobile
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Solar Control Films Demand Share Forecast, 2019-2026
10. Europe Solar Control Films Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Solar Control Films Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Solar Control Films Market Size and Volume Forecast by Types
     10.4.1. Clear [Non-Reflective]
     10.4.2. Dyed [Non-Reflective]
     10.4.3. Vacuum Coated [Reflective]
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Solar Control Films Market Size and Volume Forecast by Applications
     10.7.1. Commercial Buildings
     10.7.2. Residential Buildings
     10.7.3. Automobile
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Solar Control Films Demand Share Forecast, 2019-2026
11. Asia Pacific Solar Control Films Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Solar Control Films Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Solar Control Films Market Size and Volume Forecast by Types
     11.4.1. Clear [Non-Reflective]
     11.4.2. Dyed [Non-Reflective]
     11.4.3. Vacuum Coated [Reflective]
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Solar Control Films Market Size and Volume Forecast by Applications
     11.7.1. Commercial Buildings
     11.7.2. Residential Buildings
     11.7.3. Automobile
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Solar Control Films Demand Share Forecast, 2019-2026
12. Middle East & Africa Solar Control Films Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Solar Control Films Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Solar Control Films Market Size and Volume Forecast by Types
     12.4.1. Clear [Non-Reflective]
     12.4.2. Dyed [Non-Reflective]
     12.4.3. Vacuum Coated [Reflective]
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Solar Control Films Market Size and Volume Forecast by Applications
     12.7.1. Commercial Buildings
     12.7.2. Residential Buildings
     12.7.3. Automobile
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Solar Control Films Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Solar Control Films Market: Market Share Analysis
  13.2. Solar Control Films Distributors and Customers
  13.3. Solar Control Films Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Eastman
     13.4.2. 3M
     13.4.3. Saint Gobain
     13.4.4. Madico
     13.4.5. Johnson
     13.4.6. Hanita
     13.4.7. Haverkamp

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