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Solar Control Window Films Market - Segmented by Type, Absorber Type, Application and Geography - Trends and Forecasts (2017 - 2022)
global solar control window films market, solar control window films market analysis, solar control window films market economy, s
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The global solar control window films market was valued at USD 631.20 million in 2015 and is expected to reach USD 1,259.75 million by 2021, growing at a CAGR of 12.21%, during the forecast period 2016-2021. The Asia-Pacific and North American markets are the fastest growing, with the European market remaining constant.
Solar control window films have been extensively used in commercial and residential buildings since the 1950s as a protective sheet installed on windows. These films serve a wide-variety of purposes like providing protection against damaging ultra-violet radiations that can cause fading of fabrics, furnishings or display articles, blocking glare, reducing heat within a building, lowering energy costs by reducing air conditioning needs, and providing privacy, while making buildings look attractive.
Solar control window films are manufactured mainly from polyethylene terephthalate (PET), a common thermoplastic resin belonging to the polyester family. They are used due to their excellent optical properties and strength. The raw material PET is in the form of pellets that are melted and stretched biaxially into polyester sheets, which are then processed according to their applications.
Market Dynamics
The reduction in the carbon footprint that these films bring, along with the savings in energy bills, make them very attractive for use in residences and commercial installations. It is also a low-cost, short-payback-period technology. Also, the security and privacy that these films provide, and the protection from UV and IR radiations serve as the main drivers for this market. Identifying an appropriate film, depending on climatic conditions and glass specifications, is one of the main challenges for this market. The cost curtailed thereby on making a wrong decision keeps the customer from investing in it.
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Market Segmentation
The solar control window films market is segmented by type into four segments: clear (non-reflective), dyed (non-reflective), vacuum coated (reflective), and high-performance films & others. By absorber type, solar control window film market has been segmented into organic, inorganic/ceramic, and metallic. By application, the market is segmented into construction (commercial/retail and residential), automotive, marine, graphics or decorative, and others.
Geographically, the market is segmented into Asia-Pacific, Europe, North America, South America, and the Middle-East & Africa. Asia-Pacific is the largest market for solar control window films, and it is also projected to be the fastest-growing owing to the increasing popularity of passive house concept in the region.
Global Solar Control Window Films Market- Segmented by Region.
Opportunities and Market Players - The recovering construction industry in Europe and the growing concerns regarding UV radiation are some of the major factors that are expected to provide numerous opportunities during the next few years.
The major companies dominating the market for global solar control window films include -
3M
Saint-Gobain
Eastman Chemical Company
Polytronix Inc
Purlfrost Ltd.
Key Deliverables in the Study
Market analysis for the global solar control window films market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the global solar control window films market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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