Solar Control Window Films Market Analysis & Forecast | 2022-2028

Market Insights

The solar control window films market is estimated to grow from USD 801.19 million in 2022 to USD 1178.94 million by 2028 at an impressive CAGR of 6.64% during the forecast period.

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What is solar control window film?

Solar control window film is a thin protective layer applied on the windows to reduce solar heat, block UV radiation, and moderate the amount of glare and visible light. Solar control window films are reflective or non-reflective. Reflective films are designed to absorb energy and reject solar energy, whereas non-reflective films are designed to absorb unwanted light and heat.

Market Dynamics

These factors are expected to boost the demand for market in the coming year:

• Major factors such as growing concern about UV protection, increasing demand from construction industry, and strict regulations about energy consumption.
• In addition, growing automotive industry and increasing concerns such as fuel efficiency and CO2 emissions reduction.

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Key Players

Some of the key players in the solar control window films market are-

• The 3M Company
• Armolan Window Films
• Decorative Films, LLC.
• Eastman Chemical Company
• Hanita Coating
• Johnson Window Film
• Madico Inc.
• Purlfrost Ltd.
• Solar Control Film Inc.
• Solar Gard-Saint Gobain.

Segments Analysis

Product (Film) Trend

The market is segmented as clear (non-reflective), dyed (non-reflective), vacuum coated (reflective), high-performance films, and others. Vacuum coated (reflective) films held more than 43.7% market share in 2021 and are expected to witness a significant growth rate in the market during the forecast period, owing to their characteristics such as high reflectivity, consistent coating and being highly effective in blocking UV radiations. 

Absorber Trend

The market is segmented as organic, inorganic/ceramic, and metallic. The organic absorber segment is expected to hold the major share of the market, on account of its economical cost as compared to ceramic or metallic absorbers.

On the other hand, metallic absorbers are expected to have a higher growth rate in the market during the assessment period due to increasing demand from decorative applications.

End-User Industry Trend

The market is segmented as construction, automotive, marine, decorative, and others. The construction industry held more than 52.8% market share in 2021 and is estimated to account for the major share of the market due to increasing focus on carbon footprint reduction and energy savings in the construction industry.

In addition, stringent regulations regarding energy consumption in buildings and increasing demand for energy-efficient houses are the other major factors expected to drive the market growth over the forecast period.

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Region Insights

Asia-Pacific held more than 33.33% market share in 2021 and is estimated to be the leading region in the market for solar control window films during the following period. The region’s growth is supported by the growing construction and automotive industries in the region, especially in the emerging economies, such as China and India.

Furthermore, growing focus on reducing carbon footprints is expected to fuel the market growth over the following period. North America and Europe are also expected to offer substantial growth opportunities over the assessment period.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories-

By product (film) type:

• Clear (Non-Reflective)
• Dyed (Non-Reflective)
• Vacuum Coated (Reflective)
• High-Performance Films
• Others

By absorber type:

• Organic
• Inorganic/Ceramic
• Metallic

By end-user industry type:

• Construction
• Automotive
• Marine
• Decorative
• Others

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Italy, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Brazil, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Segmentation

• Current segmentation by any one of the product types by end-user industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.