Solar Control Films Market Size and Share Analysis by Type (Vacuum, Clear, Dyed), Application (Automotive, Construction) - Global Industry Trends and Growth Forecast to 2030

Market Overview

The global solar control films market size was $728.4 million in 2021, which is projected to reach $1,283.8 million by 2030, growing at a CAGR of 6.5% during 2021–2030. This can be ascribed to the rising awareness of the advantages of solar control films over sun-reflective glass, increasing real estate development rate, and surging focus on the reduction of energy costs and the carbon footprint.

The solar control film is a thin laminate or film installed on window glass to reduce heat transfer, by reflecting back the visible light, as well as infrared and ultraviolet rays entering through the window. They work on the principles of radiation and convection, to reduce heat flow. These films are generally metalized or dyed and have the ability to reject back the inbound solar radiation through the window glass to the exterior environment. These materials can reduce energy transmission by as much as 80% when compared to regular window films, thereby offering effective solutions for controlling the temperature during the summer.

Vacuum Films Accounts for Higher Revenue

Based on type, vacuum variants accounted for the largest revenue share, of more than 40%, in 2021, and they are expected to grow at a significant CAGR in the next few years. This growth is attributed to rise in the construction activity and growth in the usage in automobiles, as these films reflect most of the solar radiation and keep the interior cooler than other films. The metal in these films also blocks the harmful UV rays and reflects the sun's heat. Various methods, such as evaporation, sputtering, and beam evaporation, are used to metalize these sheets. In the vacuum coating process, sub-atmospheric pressure and a molecular or atomic condensable source of vapor are created using a vacuum, to deposit thin films and castings.

Construction Industry Dominates Market

Based on application, the construction industry held the largest revenue share, of more than 52%, in 2021, due to the growing usage of these materials in commercial and residential buildings. The rapid infrastructure growth in developing countries, such as China, India, Brazil, Malaysia, and South Africa, has positively affected the demand for solar control films. Conventionally, the real estate sector has relied on solar control window glass for reducing solar radiation. However, solar control films are replacing solar control window glass effortlessly, owing to the former’s comparatively lower cost, higher solar reduction rate, greater safety, and stronger security.

The construction industry offers growth opportunities to the solar control films market as it is using more glass than ever before. Thus, since past few years, there has been an increase in the demand for solar control films from the construction industry owing to the huge investments in residential and commercial buildings, such as malls, housing societies, corporate parks, and office buildings.

Reduction of Energy Cost & Carbon Footprints Is Driving Market

The need for the reduction of energy costs and carbon footprint is one of the major factors that drives the growth of the market, as the rising energy costs and electricity use are major concerns across the world. Solar control films provide options for controlling sunlight to some amount, thus minimizing heat transfer. This reduces the strain on cooling or heating systems, thus lowering energy costs and carbon emissions. The costs of cooling and heating a structure are significant; solar control films reduce power use, which reduces the carbon footprint of the building.

Solar radiation is the heat transferred through windows and stored inside houses, commercial buildings, automobiles, and ships. Due to the rising temperatures, AC and chiller sales continue to boom, which increases the power consumption and energy bills of buildings. To reduce heat transfer from outside, sun control films manufactured from plastic are used on the glass of the windows. Similarly, in winters, these materials help in reducing heat loss, by reflecting up to 35% of the heat back into the room.

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Asia-Pacific Is Highest Revenue Contributor

Asia-Pacific accounted for the largest revenue share, of more than 38%, in 2021, and it is predicted to grow at a significant CAGR over the forecast period. This is primarily attributed to the rising construction investment and the existence of warm weather throughout the year in most parts of the region. Furthermore, the region is considered among the fastest-growing, economically, due to the presence of nations including China and India.

North America is the second-largest market owing to the growing automotive industry in the continent. Moreover, the regional construction industry is booming on account of the favorable policies for lenders and the recovery of economy, which have led to a resurgence in the demand for residential spaces.

The solar control films industry in North America is witnessing growth owing to the increasing application of these materials in the marine industry and the rising awareness about the healthcare problems associated with UV rays. UV rays are considered the root cause of melanoma; solar control films provide protection against UV rays. Moreover, the automotive and commercial building sectors are the major users of solar control films in North America.

Top Solar Control Film Manufacturers Are:

• Eastman Chemical Company
• 3M
• Compagnie de Saint Gobain
• Garware Hi-Tech Films Ltd.
• Johnson Laminating & Coating Inc.
• Avery Dennison Corporation
• Sican Co. Ltd.
• LINTEC Corporation
• Madico Inc.
• The Window Film Company

Global Solar Control Films Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Type

• Vacuum
• Clear
• Dyed

Based on Application

• Automotive
• Construction

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa