The global market for solar control films was projected at $645.1 million in 2015, and CAGR is expected to be 9.4% during the forecast period. The major factors that are driving the growth of the global solar control films market are reduction of ultra-violet rays (UV) & infrared (IR) emissivity, reduction of energy cost & carbon footprint. Moreover, the growth in the real estate sector in developing countries such as India and China, is expected to create an opportunity for the solar control films market.
Sunlight passing through windows consists of harmful UV rays, infra-red radiation, and heat. An excessive exposure to UV rays can lead to skin cancer, cataract and other vision problems. Additionally, these rays have the ability to damage furniture, equipment, flooring and other materials. With the usage of solar control block films, these effects can be reduced, since block films absorb nearly 98% of the UV rays hitting the window pane. These films can also block the infrared radiations and heat without impacting the natural light while maintaining the room temperature.
By application segment, automotive held the largest global market share. The commercial construction building segment expected the evidence the fastest growth during the forecast period.
Geographically, Asia-Pacific overlook the largest global market share of 39.5% and a market size of $254.7 million in 2015. The region is expected to witness the fastest growth with a CAGR of 10.6% during the forecast period. This growth can be attributed to the huge base of automotive industry and rapid expansion of the construction sector.
Some of the major players in the global solar control films market include Garware Polyester Ltd., 3M Company, Madico Inc., Johnsons Window Films Inc, Decorative Films LLC, Hanita Coatings RCA Limited, Nexfil USA, CHB Industries, SunTek Window Films, Wintech Company Limited., and Saint-Gobain S.A.
The information and data in the publication “Global Solar Control Films Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up and top-down has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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GLOBAL SOLAR CONTROL FILMS MARKET SEGMENTATION