Global Solar Control Window Films Market – Overview
Market Research Future (MRFR) has published a research report about The Solar Control Window Films Market is projected to witness healthy growth at a CAGR of over 9.3% to reach USD 6.2 Billion by 2027. Broadly, the global solar control window films market is segmented into type, application, absorber type and lastly, region. Type-based segmentation of global solar control window films market covers vacuum coated (reflective) films, dyed (non-reflective) films and clear (non-reflective) films.
Most users use dyed films due to its ease of manufacturing, high demand in different industries and low-cost production. Regarding application, the segmentation comprises of an automotive application, construction application, decorative application, graphics application, marine application, and transportation. Solar Control Window Films Market are almost used equally in every area. When their use is critical and is of high importance, usually automotive, construction, marine, and transportation applications are chosen. However, in areas that are closer to leisure and creativity, graphics and decorative applications are used primarily while other applications are occasionally used. Based on application, usage and market for solar control window films can rise or fluctuate as per their requirement. Segmentation by absorber type comprises of organic, inorganic and metallic.
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Global Solar Control Window Films Market – Prominent Players
3M (US),The Window Film Company (UK),Eastman Chemical Company (US),Garware Suncontrol (India),Avery Dennison Corporation (US),Saint-Gobain (France),Madico, Inc (US,Solar Screen International SA (Luxembourg),Johnson Laminating & Coating, Inc (US),NEXFILUSA (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Solar Control Window Films Market.
Solar control films are in demand as they are a good protection tool against ultraviolet (UV) radiations. Dangers of UV radiations are increasing due to depletion of Ozone layer in the atmosphere. Excessive UV radiations in the atmosphere are increasing the hazards of skin cancer among people. The deadliest form of skin cancer is melanoma, and its treatment is so costly that treating every American suffering from it would cost the US $ 1.5 bn. UV radiations also damage stuff like furniture, flooring, and equipment in the vicinity of the radiation. People use air conditioners in their homes and offices to keep their surroundings cool and safe from UV radiations. However, a system to cool the entire planet like, that is too good to be true and too expensive. Therefore, scientists are looking for cost-effective solutions that can minimize the harmful radiations as much as possible. Not only solar control window films prevent UV radiations, but they also provide better privacy when installing in homes. This is another reason that that are so much in demand.
The regional segmentation of the global solar control window films market is based on North America, Asia Pacific, Europe, and Rest of the World. In North America, the maximum market lies in United States of America (USA) and Canada. In this region, consumers prefer large houses since large open spaces can never be a constraint. Due to Ozone depletion, entire Europe is at the risk of suffering UV radiations and more the Ozone depletion continues, closer Europe gets drawn to the danger. Hence, for protection, fitting of solar control window film is necessary. Hence, in Europe, the growth of solar control window films market stands a strong chance. The European market has been segmented into France, Germany, Italy, United Kingdom (UK) and rest of Europe. As the entire Asia Pacific region lies in the tropical region of our planet, it is subjected to consistent and severe heat, and the dangers of UV radiations are more visible in this region, compared to how they will be more visible in Europe in the coming years. Hence, Asia Pacific is also a strong market for solar control window films. The market may exist for solar control window films in the whole Asia Pacific region, but the maximum demand, sales, and revenue for this market happen in China, India, and Japan.
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Solar Control Window Films Market – Segments:
The global solar control window films market segmentation encompasses application, type, and absorber type. MRFR’s research on the market highlights many factors of the market in-depth.
The application-based segmentation of this market can cover automotive applications, construction applications, decorative applications, graphics applications, marine applications, and transportation. Solar control window films are almost used equally in these applications. Usually, in the automotive, construction, marine, and transportation applications, the use of solar control window films is critical and is of high importance. However, in applications like graphics applications and decorative applications, the solar control window films are used occasionally and according to requirement. Based on application, usage, as well as the market for solar control window films, can rise or fluctuate as per their requirement.
By type, the market has been segmented into vacuum coated (reflective) films, clear (non-reflective) films, and dyed (non-reflective) films. Most users use dyed films as they can be manufactured easily at a low cost. Therefore, the demand for dyed films is high in different industries. In the context of absorber type, the market has been segmented into metallic, organic, and inorganic.
Solar Control Window Films Market – Regional Analysis:
A geographical outlining of the global solar control window films market covers North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
In North America, the maximum market revenue comes from the USA and Canada as consumers in these countries prefer large houses. Hence, large open spaces can never be a constraint to install solar control window films. Many important market players are also based in North America, especially in the USA.
In Europe, the market can grow during the forecast period due to Ozone depletion, which is creating the risk of UV radiation that can harm the entire Europe. The increase in the Ozone depletion will pull Europe closer to the danger. Hence, fitting of solar control window film is necessary for protection purposes. The most lucrative markets in this region are France, Germany, Italy, and the UK. The survey of the remaining countries in Europe featured in this report calculates inclusion of market revenue from those countries.
The market in the Asia Pacific region has a huge scope for growth due to the location of this region in the tropical region of Earth. Hence, this region is more prone to the dangers of UV radiations, compared to the dangers that Europe will witness in the coming years. Although the whole Asia Pacific region can be a lucrative market for solar control window films, the maximum market demand, sales, and revenue for this market come from China, India, and Japan.
Latest Industry News
Recently, 3M welcomed dealers at annual Window Film Dealer Conference as hosts in Phoenix, Arizona. In this conference, 3M established a Dealer Advisory Board, where industry experts shared best practices and insights on how to grow business and increase sales. They also hosted a series of awards for the dealers.
French solar control window films Saint-Gobain (SGOB.PA) is set to take a large stake in Switzerland’s Sika AG SIK.S while abandoning its quest for control, in a deal that would end a nearly four-year-old hostile takeover. The dispute over control of Sika started in 2014 when Saint-Gobain offered 2.75 billion Swiss francs to buy the founding Burkard family’s 53 percent voting stake.
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1 EXECUTIVE SUMMARY
1.1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.2 GLOBAL ANTIFOULING COATINGS MARKET, BY TYPE 20
1.1.3 GLOBAL ANTIFOULING COATINGS MARKET, BY ABSORBER TYPE 21
1.1.4 GLOBAL ANTIFOULING COATINGS MARKET, BY APPLICATION 22
1.1.5 GLOBAL ANTIFOULING COATINGS MARKET, BY REGION 23
2 MARKET INTRODUCTION
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 27
3.5 FORECAST MODEL 29
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET DYNAMICS
4.1 INTRODUCTION 30
4.2 DRIVERS 32
4.2.1 SEVERAL BENEFITS OFFERED BY THE USE OF SOLAR CONTROL WINDOW FILMS IN THE RESIDENTIAL AND COMMERCIAL BUILDINGS 32
4.2.2 WIDESPREAD USE OF SUN CONTROL WINDOW FILMS IN THE AUTOMOTIVE INDUSTRY 34
4.2.3 DRIVERS IMPACT ANALYSIS 35
4.3 RESTRAINTS 35
4.3.1 INCLINATION TOWARDS THE USE OF SMART GLASSES IN THE BUILDING AND CONSTRUCTION INDUSTRY 35
4.3.2 RESTRAINTS IMPACT ANALYSIS 36
4.4 OPPORTUNITIES 36
4.4.1 PROJECTED RISE IN DEMAND FOR THE PRODUCT IN THE EMERGING ECONOMIES 36
4.5 CHALLENGES 38
4.5.1 REGULATIONS PERTAINING TO THE USE OF NON-TRANSPARENT WINDOW FILMS 38
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 39
5.1.1 RAW MATERIALS AND SUPPLIERS 40
5.1.2 SOLAR CONTROL WINDOW FILMS MANUFACTURERS 40
5.1.3 DISTRIBUTION CHANNELS 40
5.1.4 END USERS 41
5.2 PORTER’S FIVE FORCES MODEL 41
5.2.1 THREAT OF NEW ENTRANTS 42
5.2.2 RIVALRY 42
5.2.3 THREAT OF SUBSTITUTES 42
5.2.4 BARGAINING POWER OF SUPPLIERS 42
5.2.5 BARGAINING POWER OF BUYERS 43
5.3 PRICING OVERVIEW – BY REGION, 2018–2020 (USD/SQAURE METER) 43
5.4 IMPACT OF COVID-19 ON THE GLOBAL MARKET FOR SOLAR CONTROL WINDOW FILMS 43
5.4.1 OVERVIEW 43
5.4.2 IMPACT OF COVID-19 OUTBREAK ON THE SUPPLY CHAIN 44
5.4.3 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END-USER 44
18.104.22.168 CONSTRUCTION 44
22.214.171.124 AUTOMOTIVE 45
126.96.36.199 MARINE 45
5.4.4 NUMBER OF COVID-19 CASES AS OF 27 AUGUST 2020 45
5.4.5 MAJOR GOVERNMENT POLICIES TO COUNTER THE IMPACT OF COVID-19 46
188.8.131.52 UNITED STATES OF AMERICA 46
184.108.40.206.1 FISCAL POLICIES- 46
220.127.116.11.2 MONETARY AND MACRO-FINANCIAL 46
18.104.22.168 EUROPEAN UNION 46
22.214.171.124.1 FISCAL POLICIES- 46
126.96.36.199.2 MONETARY AND MACRO-FINANCIAL 47
188.8.131.52 CHINA 47
184.108.40.206.1 FISCAL POLICIES- 47
220.127.116.11.2 MONETARY AND MACRO-FINANCIAL 47
18.104.22.168 INDIA 48
22.214.171.124.1 FISCAL POLICIES- 48
126.96.36.199.2 MONETARY AND MACRO-FINANCIAL 48
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