Solar Control Window Films Market
PUBLISHED: 2023 ID: SMRC23798
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Solar Control Window Films Market

Solar Control Window Films Market Forecasts to 2030 - Global Analysis By Product (Dyed solar control window film, Clear solar control window film, Vacuumcoated solar control window film and Other Products), Absorber Type (Organic, Metallic and Inorganic/Ceramic), Application (Automotive, Construction, Design, Marine and Other Applications) and By Geography

4.6 (89 reviews)
4.6 (89 reviews)
Published: 2023 ID: SMRC23798

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $841.33 MN

Projected Year Value (2030)

US $1,460.69 MN

CAGR (2023 - 2030)

8.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Solar Control Window Films Market is accounted for $841.33 million in 2023 and is expected to reach $1,460.69 million by 2030 growing at a CAGR of 8.2% during the forecast period. The solar control film helps to regulate the sun's heat, harsh brightness, and hazardous UV radiation. Many solar film products reduce energy use, some of which do so year-round. This may lower your energy costs and enable you to save money over time sufficient to pay for your installation. Since strong ultraviolet (UV) rays can be fatal and can cause skin cancer, solar control window films shield against hazardous radiation in a car or room. Additionally, solar control window coverings are helpful in preventing the fading of interior furniture in both houses and automobiles. These films can be easily and affordably installed, which enhances a building's aesthetic appeal.

According to the U.S. Department of Energy, approximately one-third of a building’s cooling costs are attributed to heat gained through windows.



Market Dynamics:

Driver:

Growing awareness for environmentally friendly materials

Innovative materials like solar control window films can efficiently absorb a large portion of the sun's harmful UV radiation. Reducing UV-A and UV-B radiation, which cause skin cancer, is part of this. Additionally, the transmission of UV radiation through glass can be considerably reduced by installing solar coatings on residences and automobile windows, thereby reducing UV radiation exposure. These elements are boosting market growth.

Restraint:

Availability of a variety of substitute products

Certain film types heat up and radiate heat onto the window glass when they absorb all of the sun's rays rather than reflecting them away. The manufacturing seal may rupture, or the glass could break as a result of the glass overheating. If the window's factory seal becomes weakened, decreasing its energy efficiency, the window might need to be replaced. The goods' installation and warranty problems, as well as the availability of substitutes, may prevent the business from growing.

Opportunity:

Energy conservation

By obstructing a considerable proportion of solar heat, solar control window films assist in lowering energy use. They have the potential to reflect a significant portion of solar energy, minimizing the demand for excessive air conditioning and the resulting increase in energy expenditures. Additionally, the demand for solar control window films has increased as emphasis is placed on energy efficiency and sustainable construction techniques.

Threat:

Huge initial investment and installing challenges

When compared to conventional window treatments, solar control window films can have a higher upfront cost for installation. The price covers the cost of the film stock, installation fees, and any equipment required. Particularly in price-sensitive regions, this up-front cost may prevent some potential consumers from using sun-control window films. However, solar control window film installation needs to be performed by a professional to ensure appropriate application and prevent any problems like bubbling, peeling, or poor adhesion. Some clients may be deterred by the intricacy of installation because they would prefer simpler options or are worried about possible window damage during the installation procedure.

Covid-19 Impact:

The COVID-19 epidemic has significantly reduced demand for solar control window films in the construction and automobile sectors. COVID-19 significantly impacted the building and transportation sectors, which restrained market expansion. The COVID-19 epidemic has had a tremendous influence on the globally connected automotive industry. During the COVID-19 epidemic, demand for solar window film has increased because of its many benefits, including good heat rejection, energy savings, reduced glare, and enhanced safety.

The Vacuum coated solar control window film segment is expected to be the largest during the forecast period

As the films reflect the most solar radiation, keeping interiors cooler than other films, vacuum-coated solar control window films had the largest market share over the projection era. Reflective window films are a substitute for vacuum-coated solar control films. Moreover, these films' metal component deflects the sun's heat while also blocking potentially harmful UV radiation. These films are metalized utilizing a variety of techniques, including beam deposition, vapor deposition, and sputtering.

The construction segment is expected to have the highest CAGR during the forecast period

Construction segment is estimated to witness lucrative growth over the extrapolated period. Due to their capacity to reflect the heat from solar radiation and maintain a comfortable environment in terms of temperature inside the structure or building, solar control window films are mostly employed in the construction industry. Furthermore, these coatings or tints can be bonded to the glass surfaces found in buildings because of their transparency. The film's secondary purpose is to keep the fragmented pieces of glass together even after they have shattered.

Region with largest share:

Asia Pacific is projected to witness largest share throughout the projection period due to their growing urbanization, these nations are experiencing higher development and automotive activity. There are expected to be numerous market prospects in the region for solar window films. India has to spend USD 840 million on infrastructure over the next few years, according to World Bank projections, to keep up with the demand from the expanding urban population. It is projected that the desire for an aesthetic appearance in the construction and automotive industries, along with Japan's greater purchasing power parity, will significantly contribute to market growth in the Asia-Pacific region.

Region with highest CAGR:

Europe is anticipated to witness lucrative growth throughout the projection period due to the region's growing demand from the automotive industry. In nations like Luxembourg, Germany, and the United Kingdom, this region has the highest density of luxury automobiles. While abrupt heat waves have recently had a substantial negative impact on people's health and well-being in France, The country has adopted solar window films more frequently as a result of these climate phenomena.



Key players in the market

Some of the key players in Solar Control Window Films market include Garware Hi-Tech Films Limited, Eastman Chemical Company, Johnson Laminating and Coating, Inc, Compagnie de Saint Gobain, 3M, Hanita Coatings RCA Ltd, TheWindow Film Company , Sican Co. Ltd, LINTEC Corporation and Johnson Window Films Inc..

Key Developments:

In March 2022, GHL plans to expand its capacity in the SPF segment by 75% from the current 2,400 lakh sq. ft to 4,200 lakh sq. ft by 2022. The company has planned a CAPEX outlay behind the expansion of the new Greenfield facility in Waluj (India).

Products Covered:
• Dyed Solar Control Window Film
• Clear Solar Control Window Film
• Vacuumcoated Solar Control Window Film
• Other Products

Absorber Types Covered:
• Organic
• Metallic
• Inorganic/Ceramic

Applications Covered:
• Automotive
• Construction
• Design
• Marine
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Solar Control Window Films Market, By Product
5.1 Introduction
5.2 Dyed Solar Control Window Film
5.3 Clear Solar Control Window Film
5.4 Vacuumcoated Solar Control Window Film
5.5 Other Products

6 Global Solar Control Window Films Market, By Absorber Type
6.1 Introduction
6.2 Organic
6.3 Metallic
6.4 Inorganic/Ceramic

7 Global Solar Control Window Films Market, By Application
7.1 Introduction
7.2 Automotive
7.3 Construction
7.4 Design
7.5 Marine
7.6 Other Applications

8 Global Solar Control Window Films Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Garware Hi-Tech Films Limited
10.2 Eastman Chemical Company
10.3 Johnson Laminating and Coating, Inc
10.4 Compagnie de Saint Gobain
10.5 3M
10.6 Hanita Coatings RCA Ltd
10.7 TheWindow Film Company
10.8 Sican Co. Ltd
10.9 LINTEC Corporation
10.10 Johnson Window Films Inc.

List of Tables
1 Global Solar Control Window Films Market Outlook, By Region (2021-2030) ($MN)
2 Global Solar Control Window Films Market Outlook, By Product (2021-2030) ($MN)
3 Global Solar Control Window Films Market Outlook, By Dyed Solar Control Window Film (2021-2030) ($MN)
4 Global Solar Control Window Films Market Outlook, By Clear Solar Control Window Film (2021-2030) ($MN)
5 Global Solar Control Window Films Market Outlook, By Vacuumcoated Solar Control Window Film (2021-2030) ($MN)
6 Global Solar Control Window Films Market Outlook, By Other Products (2021-2030) ($MN)
7 Global Solar Control Window Films Market Outlook, By Absorber Type (2021-2030) ($MN)
8 Global Solar Control Window Films Market Outlook, By Organic (2021-2030) ($MN)
9 Global Solar Control Window Films Market Outlook, By Metallic (2021-2030) ($MN)
10 Global Solar Control Window Films Market Outlook, By Inorganic/Ceramic (2021-2030) ($MN)
11 Global Solar Control Window Films Market Outlook, By Application (2021-2030) ($MN)
12 Global Solar Control Window Films Market Outlook, By Automotive (2021-2030) ($MN)
13 Global Solar Control Window Films Market Outlook, By Construction (2021-2030) ($MN)
14 Global Solar Control Window Films Market Outlook, By Design (2021-2030) ($MN)
15 Global Solar Control Window Films Market Outlook, By Marine (2021-2030) ($MN)
16 Global Solar Control Window Films Market Outlook, By Other Applications (2021-2030) ($MN)
17 North America Solar Control Window Films Market Outlook, By Country (2021-2030) ($MN)
18 North America Solar Control Window Films Market Outlook, By Product (2021-2030) ($MN)
19 North America Solar Control Window Films Market Outlook, By Dyed Solar Control Window Film (2021-2030) ($MN)
20 North America Solar Control Window Films Market Outlook, By Clear Solar Control Window Film (2021-2030) ($MN)
21 North America Solar Control Window Films Market Outlook, By Vacuumcoated Solar Control Window Film (2021-2030) ($MN)
22 North America Solar Control Window Films Market Outlook, By Other Products (2021-2030) ($MN)
23 North America Solar Control Window Films Market Outlook, By Absorber Type (2021-2030) ($MN)
24 North America Solar Control Window Films Market Outlook, By Organic (2021-2030) ($MN)
25 North America Solar Control Window Films Market Outlook, By Metallic (2021-2030) ($MN)
26 North America Solar Control Window Films Market Outlook, By Inorganic/Ceramic (2021-2030) ($MN)
27 North America Solar Control Window Films Market Outlook, By Application (2021-2030) ($MN)
28 North America Solar Control Window Films Market Outlook, By Automotive (2021-2030) ($MN)
29 North America Solar Control Window Films Market Outlook, By Construction (2021-2030) ($MN)
30 North America Solar Control Window Films Market Outlook, By Design (2021-2030) ($MN)
31 North America Solar Control Window Films Market Outlook, By Marine (2021-2030) ($MN)
32 North America Solar Control Window Films Market Outlook, By Other Applications (2021-2030) ($MN)
33 Europe Solar Control Window Films Market Outlook, By Country (2021-2030) ($MN)
34 Europe Solar Control Window Films Market Outlook, By Product (2021-2030) ($MN)
35 Europe Solar Control Window Films Market Outlook, By Dyed Solar Control Window Film (2021-2030) ($MN)
36 Europe Solar Control Window Films Market Outlook, By Clear Solar Control Window Film (2021-2030) ($MN)
37 Europe Solar Control Window Films Market Outlook, By Vacuumcoated Solar Control Window Film (2021-2030) ($MN)
38 Europe Solar Control Window Films Market Outlook, By Other Products (2021-2030) ($MN)
39 Europe Solar Control Window Films Market Outlook, By Absorber Type (2021-2030) ($MN)
40 Europe Solar Control Window Films Market Outlook, By Organic (2021-2030) ($MN)
41 Europe Solar Control Window Films Market Outlook, By Metallic (2021-2030) ($MN)
42 Europe Solar Control Window Films Market Outlook, By Inorganic/Ceramic (2021-2030) ($MN)
43 Europe Solar Control Window Films Market Outlook, By Application (2021-2030) ($MN)
44 Europe Solar Control Window Films Market Outlook, By Automotive (2021-2030) ($MN)
45 Europe Solar Control Window Films Market Outlook, By Construction (2021-2030) ($MN)
46 Europe Solar Control Window Films Market Outlook, By Design (2021-2030) ($MN)
47 Europe Solar Control Window Films Market Outlook, By Marine (2021-2030) ($MN)
48 Europe Solar Control Window Films Market Outlook, By Other Applications (2021-2030) ($MN)
49 Asia Pacific Solar Control Window Films Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Solar Control Window Films Market Outlook, By Product (2021-2030) ($MN)
51 Asia Pacific Solar Control Window Films Market Outlook, By Dyed Solar Control Window Film (2021-2030) ($MN)
52 Asia Pacific Solar Control Window Films Market Outlook, By Clear Solar Control Window Film (2021-2030) ($MN)
53 Asia Pacific Solar Control Window Films Market Outlook, By Vacuumcoated Solar Control Window Film (2021-2030) ($MN)
54 Asia Pacific Solar Control Window Films Market Outlook, By Other Products (2021-2030) ($MN)
55 Asia Pacific Solar Control Window Films Market Outlook, By Absorber Type (2021-2030) ($MN)
56 Asia Pacific Solar Control Window Films Market Outlook, By Organic (2021-2030) ($MN)
57 Asia Pacific Solar Control Window Films Market Outlook, By Metallic (2021-2030) ($MN)
58 Asia Pacific Solar Control Window Films Market Outlook, By Inorganic/Ceramic (2021-2030) ($MN)
59 Asia Pacific Solar Control Window Films Market Outlook, By Application (2021-2030) ($MN)
60 Asia Pacific Solar Control Window Films Market Outlook, By Automotive (2021-2030) ($MN)
61 Asia Pacific Solar Control Window Films Market Outlook, By Construction (2021-2030) ($MN)
62 Asia Pacific Solar Control Window Films Market Outlook, By Design (2021-2030) ($MN)
63 Asia Pacific Solar Control Window Films Market Outlook, By Marine (2021-2030) ($MN)
64 Asia Pacific Solar Control Window Films Market Outlook, By Other Applications (2021-2030) ($MN)
65 South America Solar Control Window Films Market Outlook, By Country (2021-2030) ($MN)
66 South America Solar Control Window Films Market Outlook, By Product (2021-2030) ($MN)
67 South America Solar Control Window Films Market Outlook, By Dyed Solar Control Window Film (2021-2030) ($MN)
68 South America Solar Control Window Films Market Outlook, By Clear Solar Control Window Film (2021-2030) ($MN)
69 South America Solar Control Window Films Market Outlook, By Vacuumcoated Solar Control Window Film (2021-2030) ($MN)
70 South America Solar Control Window Films Market Outlook, By Other Products (2021-2030) ($MN)
71 South America Solar Control Window Films Market Outlook, By Absorber Type (2021-2030) ($MN)
72 South America Solar Control Window Films Market Outlook, By Organic (2021-2030) ($MN)
73 South America Solar Control Window Films Market Outlook, By Metallic (2021-2030) ($MN)
74 South America Solar Control Window Films Market Outlook, By Inorganic/Ceramic (2021-2030) ($MN)
75 South America Solar Control Window Films Market Outlook, By Application (2021-2030) ($MN)
76 South America Solar Control Window Films Market Outlook, By Automotive (2021-2030) ($MN)
77 South America Solar Control Window Films Market Outlook, By Construction (2021-2030) ($MN)
78 South America Solar Control Window Films Market Outlook, By Design (2021-2030) ($MN)
79 South America Solar Control Window Films Market Outlook, By Marine (2021-2030) ($MN)
80 South America Solar Control Window Films Market Outlook, By Other Applications (2021-2030) ($MN)
81 Middle East & Africa Solar Control Window Films Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Solar Control Window Films Market Outlook, By Product (2021-2030) ($MN)
83 Middle East & Africa Solar Control Window Films Market Outlook, By Dyed Solar Control Window Film (2021-2030) ($MN)
84 Middle East & Africa Solar Control Window Films Market Outlook, By Clear Solar Control Window Film (2021-2030) ($MN)
85 Middle East & Africa Solar Control Window Films Market Outlook, By Vacuumcoated Solar Control Window Film (2021-2030) ($MN)
86 Middle East & Africa Solar Control Window Films Market Outlook, By Other Products (2021-2030) ($MN)
87 Middle East & Africa Solar Control Window Films Market Outlook, By Absorber Type (2021-2030) ($MN)
88 Middle East & Africa Solar Control Window Films Market Outlook, By Organic (2021-2030) ($MN)
89 Middle East & Africa Solar Control Window Films Market Outlook, By Metallic (2021-2030) ($MN)
90 Middle East & Africa Solar Control Window Films Market Outlook, By Inorganic/Ceramic (2021-2030) ($MN)
91 Middle East & Africa Solar Control Window Films Market Outlook, By Application (2021-2030) ($MN)
92 Middle East & Africa Solar Control Window Films Market Outlook, By Automotive (2021-2030) ($MN)
93 Middle East & Africa Solar Control Window Films Market Outlook, By Construction (2021-2030) ($MN)
94 Middle East & Africa Solar Control Window Films Market Outlook, By Design (2021-2030) ($MN)
95 Middle East & Africa Solar Control Window Films Market Outlook, By Marine (2021-2030) ($MN)
96 Middle East & Africa Solar Control Window Films Market Outlook, By Other Applications (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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