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Solar Control Films Market

P&S Market Research-Solar Control Films Market report

Global Solar Control Films Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Clear Films, Dyed Films, Vacuum Coated Films, Safety Films, Decorative Films, IR Films, Sputtered Films) by Application (Commercial Building, Residential Building, Automotive, Marine, Others)

Published: June 2016
Report Code: CM10672
Available Format: pdf
Pages: 114

Solar control film is a thin laminate or film, which is installed on the window glass to reduce heat transfer by reflecting back visible light, infrared and ultraviolet (UV) rays entering through window. They work on the principles of radiation and convection respectively, to reduce the heat flow. These films are generally metallized (which can be transparent to visible light) or dyed and has the ability to reject inbound solar radiation through the window glass to the exterior environment. The solar control film can reduce the energy transmission by as much as 80 percent, when compared to regular window film. Hence, it helps in reducing the number of units of electricity consumed by air conditioner to cool down the temperature. Solar control film offers effective solutions in controlling the excessive temperature during the summer.

 

GLOBAL SOLAR CONTROL FILMS MARKET BY TYPE $M (2012–2022)

Solar Control Films Market

Solar control films help in reducing the power consumption and cost associated with it. Furthermore, it also helps in lowering the carbon emission by reducing the load on air-conditioning system. Solar Control films find several applications in various industrial sectors, such as building construction, automotive, marine, and graphic industry.

The global solar control films market was valued at $645.1 million in 2015, and it is expected to grow at a CAGR of 9.4% during 2016 - 2022. The increasing awareness about advantages of solar control films over normal sun reflective glass, reduction in UV rays & IR emissivity, and reduction of energy cost and carbon emissions are driving the growth of the global solar control films market.

Among the various types of solar control films, the safety and decorative film segment have emerged as the major contributor in the global solar control films market. Among the various applications, the automotive segment held the largest share in the global solar control films market in 2015. The reason behind huge consumption of solar control films in the automotive industry is due to its ability to protect the car interior from fading and making the internal environment pleasant and confortable. The increasing demand for fuel efficient cars is also boosting the demand for solar control films, as it reduces the load on air-conditioning system, which eases the load on automobile engine, thus in turn reducing the fuel consumption. The commercial building segment is anticipated to witness the highest growth during the forecast period, due to the increased investment in construction sector, especially in developing economies. The growing concern over safety, security and privacy issues is also boosting the demand for solar control films.

Asia-Pacific accounted for the largest share (39.5% in terms of value in 2015) in the global solar control films market, and it is also anticipated to witness the highest growth (CAGR 10.6%) during 2016 – 2022 in terms of value. The increasing demand of solar control films is due to increased development in commercial buildings. They are used for decoration, UV protection, security and privacy purpose in commercial spaces, such as malls, offices, and hospitals. Globally, Asia-Pacific is also the base for largest automotive industry, which is the largest consumer of solar control films.

Some of the major players operating in the global solar control films market include Garware Polyester Ltd., 3M Company, Decorative Films LLC, Madico Inc., Hanita Coatings RCA Ltd., Eastman Chemicals Company (LLumar), Nexfil USA, CHB Industries, SunTek Window Films, Wintech Company Ltd., Johnsons Window Films Inc., and Saint-Gobain.

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