Solar Control Window Films Market is Expected to Clock a Notable CAGR of 7%and Reach USD 1470.77 million by 2032

The global solar control window films market size was USD 800 million in 2022 and is expected to reach a value of USD 1470.77 million in 2032 and register a revenue CAGR of 7% during the forecast period. Rising demand for energy-efficient buildings, more knowledge about the detrimental effects of UV radiation on human health, and a growing emphasis on decreasing carbon footprint in the construction industry are driving market expansion.

Solar control window films are thin, transparent, laminated films that are placed to windows and glass surfaces to reduce glare and control solar heat gain. They are frequently utilised in residential and commercial structures, autos, and the aerospace industry. The increasing need for energy-efficient buildings, which drives the requirement for solar control window films, is driving market revenue growth.

The growing end-use application industries such as construction and automotive are observed to have a significant impact on the development of the solar control window films market. Polyethylene terephthalate is the most used raw material in film production processes.

In the construction industry, solar control window films are widely used due to their ability to reflect heat from solar radiation and maintain a comfortable temperature environment inside the building or structure.

The COVID-19 impact:
The COVID-19 pandemic had a significant effect on Solar Control Window Films output rates, as it impacted all manufacturing units. Also, disruptions in existing supply chains are forcing businesses to build new supply chains that are more expensive and time-consuming to meet the need for catalysts in different areas of the industry. The global economy has distinguished itself from the competition by the involvement of investors who adopt different strategic approaches to gain market share.

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Further key findings from the report suggest

  • Ability to effectively block the fatal UV rays, vacuum-coated films are projected to grow at the highest rate of 5.3% by 2032. For these films, the metal content reflects the sun rays and keeps buildings and vehicles interiors cooler and prevents them from fading, making them more common than colored and transparent films.
  • Greater focus is placed on reducing carbon footprints and the growing construction sector in the Asia-Pacific region as significant factors driving the market.
  • Many of the significant market players have invested significantly in R&D programs in recent years, contributing to the development of many new products. Major players plan to expand their product range by strategic mergers and small and medium-sized business acquisitions. So an intense rivalry among players is expected in the coming years.
  • In August 2019, Madico Inc., a window film producer and distributor, acquired 2 Canadian distributors: Courage Distribution Inc., and Window Film Systems.
  • Key participants include Solar Control Films Inc., Thermolite, CPF Films, Johnson Window Films, The 3M Company, Llumar Window Films, Pleotint LLC, Vista Windows Films, Polytronix, and Eastman Chemical Company, among others.

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For this report, Reports and Data segmented the global Solar Control Window Films industry report based on product type, absorber type, application, and by Region for this study:

Product Type Outlook (Revenue, USD Billion; 2017-2032)

  • Clear
  • Dyed
  • Vacuum Coated
  • Others

Absorber Type Outlook (Revenue, USD Billion; 2017-2032)

  • Metallic
  • Organic
  • Inorganic
  • Others

Application Outlook (Revenue, USD Billion; 2017-2032)

  • Automotive
  • Construction
  • Marine
  • Others

Regional Outlook (Revenue, USD Billion; 2017-2032)

  • North America
    • U.S
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

 

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