Solar Control Window Films Market, Consumption And Revenue Analysis By Top Key Players And Forecast 2030
Window films that are generally installed on the inner side of glass panes or windows in residences, office spaces, airplanes, automobiles, and the hospitality sector to save them from ultraviolet (UV) radiations are called solar control window films. The Solar Control Window Films Market is projected to witness healthy growth at a CAGR of over 9.60% to reach USD 6.6 Billion by 2021-2030.
The most important market driver for the global solar control window films market growth is the high-level risk of UV radiation that can cause skin cancer. The treatment for skin cancer is very costly, even by the standards of developed regions like North America and Europe. The UV radiation can also damage the stuff like equipment, flooring, and furniture in the vicinity of the radiation. High requirements of solar control window films in architecture and related fields and real estate and construction domain (residential & commercial) can make the market flourish. The solar control window films also provide better privacy in the houses where they are installed. Not everybody can afford air conditioners to keep his house cool. Hence, the solar control window films can keep a house cool by preventing the entry of sunrays equipped with UV-radiations. Other factors aiding the global solar control window films market growth include infrastructure development, increasing trend of energy-efficient residential buildings, and high maintenance costs of air-conditioning systems.
Market Segmentation
The global solar control window films market segmentation encompasses application, type, and absorber type. MRFR’s research on the market highlights many factors of the market in-depth.
The application-based segmentation of this market can cover automotive applications, construction applications, decorative applications, graphics applications, marine applications, and transportation. Solar control window films are almost used equally in these applications. Usually, in the automotive, construction, marine, and transportation applications, the use of solar control window films is critical and is of high importance. However, in applications like graphics applications and decorative applications, the solar control window films are used occasionally and according to requirement. Based on application, usage, as well as the market for solar control window films, can rise or fluctuate as per their requirement.
By type, the market has been segmented into vacuum coated (reflective) films, clear (non-reflective) films, and dyed (non-reflective) films. Most users use dyed films as they can be manufactured easily at a low cost. Therefore, the demand for dyed films is high in different industries. In the context of absorber type, the market has been segmented into metallic, organic, and inorganic.
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Regional Segmentation
A geographical outlining of the global solar industries windows market covers North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
In North America, the maximum market revenue comes from the USA and Canada as consumers in these countries prefer large houses. Hence, large open spaces can never be a constraint to install solar control window films. Many important market players are also based in North America, especially in the USA.
In Europe, the market can grow during the forecast period due to Ozone depletion, which is creating the risk of UV radiation that can harm the entire Europe. The increase in the Ozone depletion will pull Europe closer to the danger. Hence, fitting of solar control window film is necessary for protection purposes. The most lucrative markets in this region are France, Germany, Italy, and the UK. The survey of the remaining countries in Europe featured in this report calculates inclusion of market revenue from those countries.
The market in the Asia Pacific region has a huge scope for growth due to the location of this region in the tropical region of Earth. Hence, this region is more prone to the dangers of UV radiations, compared to the dangers that Europe will witness in the coming years. Although the whole Asia Pacific region can be a lucrative market for solar control window films, the maximum market demand, sales, and revenue for this market come from China, India, and Japan.
Key Players
Big players in the global solar control window films market are 3M Company (USA), Garware Suncontrol – Window Film (India), Eastman Chemical Company (USA), Madico Inc. (USA), Polytronix Inc. (USA), Purlfrost Ltd. (UK), Saint-Gobain S.A. (France), Solar Control Films Inc. (USA), Solyx Films SA Pty Ltd (South Africa), Sun Control (India), and The Window Film Company (UK).
Latest Industry News
The European Union (EU)-funded initiative “Switch2Save” has been launched to increase the availability as well as affordability of electrochromic (EC) and thermochromic (TC) smart glass technologies. The consortium of 10 partners from research and industry is set to demonstrate the energy-saving potential of smart glass solutions in two fully operational buildings. Many of these smart glasses are equipped with solar control window films.
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