The Global Solar Control Films Market size was at USD 813 million in 2023 and is projected to reach a valuation of USD 1181 million by 2029 from USD 865 million in 2024 and grow with a CAGR of 6.42% during the forecast period 2024-2029.
The market is experiencing significant growth due to the boom in the real estate industry. Additionally, improved infrastructure in developing countries, such as the construction of shopping malls and high-rise buildings, is also contributing to the growth of solar control films. Also, the current trend of constructing buildings with a larger glazed area is contributing to the rapid adoption of sunscreen films. The increased focus on energy security and strict government regulations are driving the growth of the market. However, traditional window films are similar to mirrors, making it difficult to look outside at night. This factor limits the growth of the market.
Solar control films are thin laminated films specially designed for transparent building surfaces such as doors and windows and are mainly used to prevent the transfer of heat and light. Additionally, these films also provide an effective barrier to high levels of heat, thus providing protection against glare, hot spots, and uneven temperature variations. In addition, these films have caused a drastic reduction in the sun's heat on the glass, which in turn reduces air conditioning and refrigeration costs. During winter, these films reduce heat loss by reflecting up to 35% of the heat into the room. Furthermore, the use of solar films has now become common in urban areas of tropical countries and other regions that experience warm temperatures.
The security and decoration film segment has become a major contributor to the global solar control film market. Solar control films protect car interiors from harmful UV rays, making interiors pleasant and comfortable. Additionally, solar control films can reduce the load on the air conditioning system, make it easier to load car engines and reduce fuel use. Due to these properties, solar control films are highly preferred for use in motor vehicles.
Solar control films have the ability to reduce energy consumption and associated costs. In addition, it helps reduce carbon emission levels by reducing the load on the air conditioning system. Furthermore, a better understanding of the advantages of solar control films over normal solar reflective glass is expected to drive the growth of the solar control film market globally. Increasing adoption due to growing environmental and health concerns is expected to be a key driver during the forecast period, as it limits carbon emissions. The residential, commercial, and industrial sectors are taking steps to reduce overall energy use. Air conditioners are the main consumers of energy due to improved consumer lifestyles and high per capita disposable income. In addition, heating, ventilation, and air conditioning systems in cars consume more than 1 trillion kWh of electricity.
A major challenge facing the residential sector is limiting the entry of additional sunlight and also ensuring privacy at night. Traditionally, these films were used to allow a high rate of solar rejection.
Increased global efforts to reduce the carbon footprint are expected to have a positive impact on the demand for products in residential and commercial buildings. Technological innovation has facilitated clear visibility indoors during the day and at night, which can drive demand for products. These films are made with transparent adhesive systems that do not warp and coatings that do not scratch, allowing easy maintenance and cleaning. In addition, they provide added security by forming a screen on the glass and keeping broken glass shards in place in the event of breakage. In addition, these films are used to enhance unprotected glass and improve its quality according to certified safety standards for human and object impact, and explosion protection, such as a chemical explosion. In addition, they also help by protecting the properties against fading caused by UV rays, which consequently improves comfort through sun control.
The high price of smart glass compared to ordinary glass may restrict the acceptance of smart glass. Furthermore, whatever the advantages of window films, market growth is negatively affected by technical, installation, and warranty challenges.
The world economy is in shock due to the measures implemented in all countries to ensure the containment of the COVID-19 pandemic. Lockdowns and restrictions in the wake of the pandemic have silenced economies around the world, disrupting supply chains, delaying projects, and creating a labor shortage. The containment of financial activities is forcing the Indian business community to find themselves in uncharted territory; the solar sector has not been spared from this unprecedented crisis of modern times. One of the main catalysts for the government's attempt to reach the clean energy goal, the solar segment remained high and dry.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 – 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 - 2029 |
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CAGR |
6.42% |
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Segments Covered |
By Application, Absorber, Product, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Thermolite, Solar Control Films Inc., 3M, CPF Films, Llumar Window Films, Johnson Window Films, and Vista Windows Films. Other notable participants include Madico Inc., Eastman Chemical Company, Solamatrix, Pleotint LLC, Polytronix, CHB Industries, and Others. |
The application in buildings was valued at more than $370 million in 2021. The widespread use of glass throughout buildings to improve the appearance and increase interior lighting could drive demand until 2026.
The market size for organic solar control window films is projected to reach USD 240 million by 2026. Organic coatings are also used in security films that use adhesives. These are thicker and provide protection against glass shards.
The clear-type (non-reflective) solar control window film market was valued at over USD 175 million in 2021. The non-reflective clear film has an advantage due to its ability to significantly reduce the passage of ambient light when it is applied on both sides of the window surface.
Geographically, APAC has dominated the global solar control film market with a 39.6% market share in 2021 and is expected to experience the fastest growth with a CAGR of 10.2% during the forecast period. This growth can be attributed to the increased demand for solar control films from commercial buildings. Solar control films are primarily needed for UV protection, decoration, security, and privacy in commercial buildings, including hospitals, shopping malls, and offices. Additionally, APAC is one of the largest markets in the automotive industry and the largest end-user of solar control film. Therefore, these factors are expected to drive the demand for solar control films in the region. Asia-Pacific, led by India and China, is expected to reach USD 541 million by 2026.
Growth in the construction and automotive sectors, along with large-scale urbanization in the region, is expected to drive growth. Of the industry until 2026. The market share of solar control window films in Europe is expected to grow steadily over the next decade. In North America (the United States and Canada in particular), people prefer large houses because the large open spaces are not a limitation at all. Of course, it is imperative to protect the house from strong sunlight. The entire Asia-Pacific region is in the tropical region of the earth. Therefore, this region is subject to constant and severe heat. Protection against the harmful rays of the sun is essential, especially when traveling and in housing companies. In the European region, the entire continent is subject to harmful ultraviolet rays due to the depletion of the ozone layer. Therefore, protection against ultraviolet and harmful rays is essential for people's well-being. All of these regions require the installation of solar control window films, highlighting the enormous growth potential of this market globally.
Global Solar Control Films Market Major industry participants include:
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