Published: June 2016 | Report Code: CM10672 | Available Format: PDF | Pages: 114
The global market for solar control films was valued at $645.1 million in 2015, and it is expected to grow at CAGR of 9.4% during the forecast period. Some of the major factors driving the growth of the market include reduction of energy cost and carbon emissions, and reduction in UV rays & IR emissivity. Solar control films have the ability to reduce power consumption and cost associated with it. Additionally, it helps in lowering carbon emission levels by reducing load on air-conditioning system. Moreover, increasing knowledge of solar control films advantages in comparison to normal sun reflective glass are expected to provide a boost to the growth of the solar control films market globally.
GLOBAL SOLAR CONTROL FILMS MARKET BY TYPE $M (2012–2022)
Solar control films are a thin laminate, which is installed on a window glass to reduce heat transfer by reflecting back visible light, ultraviolet (UV) and infrared rays entering through window. These films work on the principles of convection and radiation, to reduce the heat flow. Solar control films are generally dyed or metallized, that they can be transparent to visible light. These films have the ability to reject inbound solar radiation through the window glass to the exterior environment. Additionally, solar control films can reduce energy transmission by nearly 80 percent in comparison to a regular window film. Thus, these films help in cooling down room temperatures, thereby, reducing electricity consumption through air conditioners.
By type, safety and decorative film segment has emerged as a major contributor in the global market for solar control films. By applications, automotive segment dominated the global market for solar control films with the largest share in 2015. Solar control films protect automotive interiors from harmful UV rays, thereby, making interiors pleasant and comfortable. Moreover, solar control films have the ability to reduce load on air-conditioning system easing load on automobile engines, thus, reducing fuel utilization. Owing to such properties, solar control films are highly preferred for usage in automotive vehicles.
Solar Control films have a vast application base, including usage in building construction, automotive, marine, and graphic industries. By Application, commercial building segment is expected to witness the fastest growth in the coming years owing to increasing investments in the construction sector of emerging economies. Increasing concerns for harmful UV rays, safety and security are expected to boost the market demand for solar control films.
Geographically, APAC dominated the global solar control films market with a market share of 39.5% in 2015, and it is expected to witness the fastest growth with a CAGR of 10.6% during the forecast period. This growth can be attributed to the increase in demand of solar control films from commercial buildings. Solar control films are majorly required for UV protection, decoration, security and privacy purpose in commercial buildings including hospitals, malls and offices. Moreover, APAC is one of the largest markets for automotive industry, which is the largest end user of solar control films. Therefore, such factors are expected to drive the demand for solar control films in the region.
Leading players in the global market for solar control films are 3M Company, Garware Polyester Ltd., Decorative Films LLC, Wintech Company Ltd., Saint-Gobain, Johnsons Window Films Inc., Eastman Chemicals Company (LLumar), Hanita Coatings RCA Ltd., Nexfil USA, Madico Inc., SunTek Window Films, and CHB Industries.
Key Questions Answered:
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws