COVINA, Calif., May 17, 2023 /PRNewswire/ — According to Prophecy Market Insights “Solar Control Window Films Market accounted for US$ 765.2 million in 2022 and is estimated to be US$ 1,520.8 million by 2032 and is anticipated to register a CAGR of 6.7%.”
Solar Control Window Films are micro-thin made with plastic or polymer layers with excellent durability and improve indoor comfort by protecting in-house furniture from sun damage. It prevents indoor heating, which results in reducing energy bills.
Solar control window films are advanced coatings applied to glass surfaces, offering a range of benefits. These films effectively manage solar heat gain, blocking a significant portion of harmful ultraviolet (UV) rays while allowing natural light to pass through. By reducing the amount of heat entering a building or vehicle, these films help regulate interior temperatures, leading to improved energy efficiency and decreased reliance on heating and cooling systems.
Disposable income has allowed an individual to purchase their own vehicles, which in turn, has given rise to automotive industries and, thus, fueled the market growth. Growing environmental concern about reducing carbon footprint has further enhanced the Solar Control Window Films market growth over the forecast period.
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Attributes |
Details |
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Solar Control Window Films Market Value (2022) |
US$ 765.2Mn |
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Solar Control Window Films Market Projected Value (2032) |
US$ 1,520.8Mn |
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Solar Control Window Films Market CAGR (2022 – 2032) |
6.7 % |
Key Highlights:
- In March 2021, Vitro Architectural Glass launched new “Solarvolt” BIPV (buiding-integrated photovoltaic) glass modules with combination of Vitro Glass products and aesthetics available in multiple solar cell arrangements and type of three unique photovoltaic crystalline silicone.
Analyst View:
Growing residential buildings due to rapid growth in urbanization has become a key factor in market growth. Growing adoption of electric vehicles due to rising prices of fossil fuels and growing environmental awareness is likely to propel Solar Control Window Films market growth in coming years.
Solar control window films are thin, transparent layers applied to windows in order to regulate solar heat gain, reduce glare, and enhance energy efficiency. These films typically consist of multiple layers of polyester or other materials with specialized coatings that control the amount of sunlight and heat passing through the window.
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Key Market Insights from the report:
Solar Control Window Films Market accounted for US$ 765.2 million in 2022 and is estimated to be US$ 1,520.8 million by 2032 and is anticipated to register a CAGR of 6.7%. The Solar Control Window Films Market is segmented based on Product, Application and Region.
- Based on Product, Solar Control Window Films Market is segmented into Clear, Dyed, Vacuum Coated Films.
- Based on Application, Solar Control Window Films Market is segmented into Automotive, Construction, and Others.
- By Region, the Solar Control Window Films Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Solar Control Window Films Market:
The prominent players operating in the Solar Control Window Films Market includes,
- Eastman Chemical Company
- 3M
- Johnson Laminating and Coating Inc.
- Compagnie de Saint Gobain
- The Window Films Company
- Madico Inc.
- Avery Dennison Israel Ltd.
- Garware Hi-Tech Films Limited
- LINTEC Corporation
- Sican Co. Ltd.
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Geography:
The market can be segmented based on regional markets, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Different regions may have varying levels of market penetration and demand for solar control window films.
- North America: This segment includes countries such as the United States and Canada. North America has a significant market for solar control window films due to the presence of a large number of commercial buildings, residential properties, and automotive sectors. The region also experiences varying climates, including hot summers, making solar control window films a popular choice for energy efficiency and comfort.
- Europe: The European segment comprises countries like Germany, the United Kingdom, France, and Italy. Europe has a mature market for solar control window films, driven by strict regulations and energy-saving initiatives. The region has a focus on sustainable construction and retrofitting, leading to increased adoption of solar control window films for energy management and reducing carbon emissions.
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Drivers and Restraints:
- Energy Efficiency and Sustainability: Increasing emphasis on energy efficiency and sustainability is driving the adoption of solar control window films. These films help reduce solar heat gain, lowering the need for air conditioning and improving energy efficiency in buildings.
- Cost Savings: Solar control window films can significantly reduce cooling costs by minimizing the amount of heat entering buildings. This cost-saving potential is driving the demand for these films, particularly in regions with high energy costs.
- Comfort and Productivity: Solar control window films improve occupant comfort by reducing glare and balancing temperature fluctuations. This can lead to increased productivity in workplaces and enhanced comfort in residential and commercial spaces.
- UV Protection: Solar control window films block a significant portion of harmful UV rays, which can cause skin damage, fading of furnishings, and other health and aesthetic concerns. The UV protection offered by these films is a key driver for their adoption.
Restraints:
- High Initial Cost: The initial installation cost of solar control window films can be relatively high, particularly for larger windows or buildings. This cost can act as a restraint for some customers, especially in price-sensitive markets.
- Limited Effectiveness on Heat Gain: While solar control window films can significantly reduce solar heat gain, their effectiveness may vary based on factors such as the orientation of windows, local climate, and the quality of installation. This variability in performance can be a restraint for some customers seeking consistent heat reduction.
- Impact on Natural Lighting: Solar control window films, particularly reflective films, can reduce the amount of natural light entering a building. This reduction in natural lighting may affect the aesthetic appeal and visual comfort, which can be a consideration for certain applications and preferences.
- Replacement and Maintenance: Over time, solar control window films may degrade or require replacement due to wear and tear, particularly in harsh climates. The cost and effort associated with replacement and maintenance can be perceived as a restraint by some customers.
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- Polysilicon Market accounted for US$ 8.5 billion in 2022 and is estimated to be US$ 15.4 billion by 2032 and is anticipated to register a CAGR of 5.8%.
- Solar rooftop market accounted for US$ 69.4 billion in 2020 and is projected to register a moderate CAGR of 6.6 % over the forecast period.
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