Market Research Future (MRFR) has published a research report about the global solar control window films market that estimates 6% CAGR (Compound Annual Growth Rate) growth during the forecast period from 2017 and 2023. 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 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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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 key players in global solar control window films market include-
- Sun Control, Madico Inc. (USA)
- The Window Film Company (UK)
- Solyx Films SA Pty Ltd (South Africa)
- 3M Company (USA)
- Eastman Chemical Company (USA)
- Garware Suncontrol – Window Film (India)
- Polytronix Inc. (USA)
- Purlfrost Ltd. (U.K)
- Saint-Gobain S.A. (France)
- Solar Control Films Inc. (USA)
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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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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