Market Highlights
Solar Control Window Films Market is projected to be valued
at over USD 6.2 Billion by 2027 and exhibit a healthy CAGR of over
9.3% during the forecast period.
The growth of the global Solar Control Window Films Market
is closely linked to the growth of the building and construction industry.
Solar control films today are one of the essential components of residential
and commercial buildings. Heat gain through windows accounts for approximately
25 to 30% of the cooling energy demand in commercial buildings in the Americas
and Europe. The application of solar control films helps reduce the
transmission of solar heat energy by increasing the absorbent or reflective
properties of window glass.
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Moreover, in recent years, the increasing attention has been
rightly directed towards energy savings in buildings (residential and
commercial) as they account for around 20–40% of total energy consumption in developed
countries. For instance, in the UK, studies have revealed that buildings’ CO2
emissions account for at least 43% of total emissions. Many developed and
developing economies have established regulations to reduce building energy
consumption by significantly improving the energy efficiency of
buildings. According to the Glass and Glazing Federation, around 40% of a
building’s load on the cooling system or air conditioners is associated with
solar gains through the windows. Hence, the need to reduce solar transmission
through building windows and its adverse effect on building energy consumption
has become crucial points of study, especially considering the increased global
warming awareness.
Window films are designed to keep out the sun, thereby reducing
the cooling load, lowering energy consumption and CO2 emissions, and providing
an aesthetic look to the buildings. The growth of the building &
construction industry and the increased spending on the construction sector are
expected to contribute to the market growth.
Solar control films are being installed in automobiles as
they provide superior advantages such as reducing heat, providing UV protection
& privacy, holding shattered glass, and reducing glare. Solar films
increase occupant comfort by keeping the interior of the car cooler. Increasing
safety concerns from harmful UV rays, namely ultraviolet A (UVA) and
ultraviolet B (UVB), is the prime factor propelling the demand for solar
control films in automobiles, as these UV rays have been known to cause around
90 percent of sun damage in humans. Moreover, solar films also block out
harmful UV rays, which tend to damage the car's interior over time. UV rays
cause the fabric to fade and the leather to crack. Moreover, the energy
consumption for cooling the car (interior AC) increases due to the increased
heat dissipation in the car. Solar control films help reduce costs
significantly by preventing the damage of interior parts and reducing energy
consumption. The advancements in the automotive industry to fulfill the current
demand and future requirements of consumers have led to an increased focus on
developing innovative and safe materials for automobiles. The demand for solar
control window films is expected to increase in the coming years due to the expanding
automotive industry.
However, the availability of electrochromic glass (also
known as smart glass or dynamic glass) as an alternative to solar control
window films is likely to be a factor restraining the global market growth.
Key Players
MRFR has identified the following companies as the Key
Players in the global Solar Control Window Films Market — 3M (US),
Avery Dennison Corporation (US), Eastman Chemical Company (US), Saint-Gobain
(France), Madico, Inc (US), The Window Film Company (UK), Garware Suncontrol
(India), Solar Screen International SA (Luxembourg), NEXFILUSA (US), and
Johnson Laminating & Coating, Inc (US).
Segment Analysis
Solar
Control Window Films Market is segmented based on Type, Absorber Type,
and Application.
The Solar Control Window Films Market, based on type, is
segmented into dyed, vacuum, clear, and others. The vacuum segment
accounted for the largest market share of over 46 % in 2019 and is expected to
register the highest CAGR of around 10% during the forecast period. Vacuumed
films, also known as metalized films, allows a metal (usually aluminum or a
composite of alloys) to be applied as a layer or coating to a clear polyester
film before being laminated with another polyester layer. As this process can
be accurately controlled, films can be made with varying levels of light
transmittance. These films are among the most preferred for solar control
applications because they reflect an abundant amount of solar radiation.
Based on absorber type, the global Solar Control Window
Films Market has been segmented into organic, inorganic, and metallic. The
organic segment held the largest market share of 45 % in 2019. It is expected
to register a CAGR of 9% during the forecast period. Organic coatings are used
in safety films by using adhesives. These are thicker and give protection
against glass shards. With the rising importance of environmental-friendly
products, the demand for organic solar control films is growing.
By application, the global Solar Control Window Films Market
has been segmented into construction, automotive and transportation, marine,
decorative, and others. A solar control glass is a glass with a special coating
that is designed for reducing the amount of heat entering a building. It
reflects and absorbs heat and filters light for reduced glare. Using a solar
control glass can reduce the need for air-conditioning and blinds. There are
several types of solar control glass offering different aesthetic options:
tinted, reflective, and neutral. The growth of the building & construction
industry and the increased spending on the construction sector are further
expected to drive the market growth. As per MRFR analysis, the spending on the
global construction industry was USD 11.2 trillion in 2018 and is rising
significantly year-on-year. The booming construction industry, on account of
increased commercialization in emerging economies, and infrastructural
development in developed nations, contribute to the market growth.
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