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Solar Control Window Films Market Size
Solar Control Window Films Market size exceeded USD 1.2 billion in 2022 and is projected to expand at more than 11.5% CAGR from 2023 to 2032, attributed to the rising health concerns related to carbon emissions. Global window film industry is estimated to register a CAGR of over 5.4% through 2032 owing to increasing emphasis on energy conservation and sustainability.
The global buildings and construction sector were responsible for 37% of CO2 emissions in 2021; and policymakers are introducing new schemes to offer instructions and improve accountability to reduce the carbon emissions from the building industry. To satisfy the requirements of such new schemes is becoming a standard practice to measure all types of carbon emissions such as embodied to operational emissions for all projects. As a result, the rising pressure on the building industry to reduce its carbon footprint because of increasing construction and operational emissions is set to drive product demand.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 1.2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 11.6% |
| 2032 Value Projection: | USD 3.7 Billion |
| Historical Data for: | 2019 to 2021 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 389 |
| Segments covered: | Application, Product, Absorber |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Solar Control Window Films Market Trends
Certain film types absorb all the sun's rays rather than reflecting them away, heating up and radiating heat onto the window glass. Overheating of the glass can cause the factory seal to break or the glass to shatter. The window may need to be replaced if the factory seal is compromised, making it less energy efficient. Such installation and warranty issues with the products, along with the availability of alternatives, may impede the industry expansion. Although solar film producers warn that films void window warranties, numerous film producers offer to match them.
Solar Control Window Films Market Analysis
In terms of product, the vacuum coated segment is predicted to observe nearly 11.5% growth rate through 2032. Vacuum coated or reflective window films are considered the most cost-effective solution that can provide high heat reduction by blocking up to 99% of damaging UV radiation. Companies and builders have a strong preference for tinted, reflective films for glass breakage & shattering prevention as well as to maximize the building’s energy efficiency and comfort on a budget, which is slated to foster segment growth.
Solar control window films market size the graphics/decorative segment accounted for over USD 40 million in 2022. Extensive product usage to transform ordinary glass into creative areas at museums and art galleries to protect paintings and sculptures from damage and fading from sunlight without incurring high expenses is set to propel the business expansion. Furthermore, constant efforts by industry participants to secure their stake in the thriving market are likely to support the segment expansion.
Based on absorber, the solar control window films market from organic segment is poised to witness approximately 11% gains between 2023 and 2032. The increased protection against glass shards, availability of thick interfaces, and high durability are some of the qualities that are likely to stimulate segment revenue. Key stakeholders across the value chain are collaborating with businesses to offer effective sustainable solutions to the customers as a part of their efforts to advance their customers' sustainability commitments which is estimated to be the major factor augmenting the business growth.
Asia Pacific solar control window films market size valued at USD 380 million in 2022. Increasing energy demand from the expanding population and improvement of people’s living conditions across APAC nations, has promoted more sustainable energy usage and green building materials. Additionally, the rapid development of modern buildings and structures with a high window-to-wall ratio which results in high energy consumption and discomfort for occupants is expected to impel the regional revenue growth. Moreover, the ongoing growth of the construction and automotive sectors in the developing nations along with the increasing availability of high-performance films is anticipated to accelerate regional industry growth.
Solar Control Window Films Market Share
Eminent players operating the solar control window films market includes
- Eastman Performance Films, LLC.
- 3M
- Sunsational Solutions
- Saint Gobain Performance Plastics
- Garware Suncontrol Film
- Decorative Films, LLC
- Purlfrost
- NEXFIL
- NDFOS
Strategic business partnerships and acquisitions, as well as a strong focus on introducing smart and modern solar control film solutions are slated to positively influence the business outlook. For instance, in January 2021, XPEL, Inc., a global manufacturer of protective films and coatings, strengthened its industry position by acquiring Veloce Innovation, a Texas-based firm which is a leading developer of architectural films for use in commercial, residential, industrial, and marine applications.
Impact of COVID-19 Pandemic
Corona virus outbreak had significantly impacted the economy, wreaking havoc on global trade. The virus-caused economic crisis had affected many businesses, and similarly, construction and engineering projects around the world were jeopardized in numerous ways, negatively impacting the solar control window film industry. In addition, the solar control window film business's reliance on the automotive industry was hampered by the declining auto sales. However, the industry is poised to gain traction as the building and automotive sectors make new operational plans and investments in digital technologies to keep customers engaged and provide financial relief for the post-COVID-19 scenario.
Solar control window films market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2019 to 2032, for the following segments:
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Market Insights, By Application
- Construction
- Automotive
- Marine
- Graphics/Decorative
- Others
Market Insights, By Product
- Clear (Non-Reflective)
- Dyed (Non-Reflective)
- Vacuum Coated (Reflective)
- High Performance Films
- Others
Market Insights, By Absorber
- Organic
- Metallic
- Inorganic
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Latin America
- Brazil
- Argentina
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