New York, NY, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Polaris Market Research has published a recent study report titled "Solar Control Window Films Market Share, Size, Trends, Industry Analysis Report, By Product Type, By Application, By Region, And Segment Forecasts, 2024 - 2032" in its research database.
As per the recent analysis by Polaris Market Research, the global solar control window films market size and share was valued at USD 812.83 million in 2023 and is predicted to reach USD 1,401.49 million by 2032. Also, the study states that the market reveals a robust 6.2% Compound Annual Growth Rate (CAGR) over the predicted timeframe, 2023-2032.
What is Solar Control Window Films?
Solar control window films is crystalline to allow light in and micro thin with imposing longevity. It is a cost-effective method to improve the windows and render the home more endurable. Solar control films have attributes that assist in regulating the sun's heat, extreme brightness, and detrimental UV rays. Several solar film commodities assist conserve energy surpassing all four seasons. This assists in decreasing energy bills and conserving sufficiently over the period to neutralize the price of the attachment. The rapidly rising demand for solar control window films market can be attributed to homeowners selecting solar control film above window treatments as it retains the brightness of the room without concealing alluring woodwork, ornamental windows, or exterior scenarios.
The solar control window films market growth can be attributed to an important part in safeguarding persons from the detrimental spread in both cars and rooms as severe ultraviolet rays can cause health probabilities involving the possibility of skin cancer. Additionally, these films are productive in stopping the dwindling of furniture within cars inside and homes. The positioning of solar control window films is economical and accessible, drawing on improvised aesthetic enchantment for buildings. As per the US Department of Energy, roughly 1/3rd of the building’s chilling costs are through heat gained via the windows.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
What are the Key Findings of the Report?
- Several solar film commodities assist conserve energy surpassing all four seasons. This assists in decreasing energy bills and conserves sufficiently over the period to neutralize the price of the attachment, thus pushing for market expansion.
- The market is primarily segmented based on product type, application, and region.
- APAC dominated the market with the largest market share.
Who is the Largest Manufacturer of Window Film?
- 3M
- Eastman Performance Films, LLC
- Saint-Gobain Performance Plastics Corporation
- Garware Hi-Tech Films Limited
- Johnson Window Films, Inc.
- Avery Dennison Corporation
- Sican Co., Ltd.
- The Window Film Company
- Lintec Europe (UK) Limited
- Madico, Inc.
- Solar Control Films Inc.
- Solar Screen International SA
- Dexerials Corporation
- Nexfil USA
- E&B Co., Ltd.
- HAVERKAMP GmbH
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Market Dynamics
- Which Factors are Driving the Market Growth?
Solar control window films play an important part in controlling the heat that permeates buildings through windows, causing a decrease in the energy and price needed for chilling, which involves the usage of gadgets such as air conditioners. This subsequently translates to a reduction in carbon impression linked with energy consumption. Important industry players such as 3M, Johnson Laminating, Eastman Chemical, and Madico Inc. are commanded in the US. The solar control window films market size is expanding as the nation has observed a revival in the construction sector, especially in domestic capacity, additionally pushing the demand for the market.
Approving government strategies, together with the escalating automotive sector, has pushed the market growth in the country. Vacuum varnished solar control window films are regarded for huge revenue share in the US in 2022. Acute weather situations have forced people to position vacuum-coated solar control window films that mirror the sun beyond the limits of the building or vehicle. The solar control window films market sales are soaring as the dyed films that are most frequently utilized in the automotive zone are anticipated to observe an escalated demand due to the proliferating automotive industry in the US.
- What are the Latest Market Trends and Opportunities?
Window tinting, with its economical and proportionately uncomplicated positioning procedure, persists to be a chosen option for several vehicle owners and proportional founding. The capacity to improve the advent of a vehicle, safeguard the interior from UV rays, and translate to a more pleasant driving encounter, making window tinting a pragmatic and approachable solution.
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Overview of the Top Segments
- Vacuum Coated Segment Witnessed a Sharp Rise
Based on the product, the vacuum coated segment witnessed a sharp rise. This is foremost because of its fruitfulness in mirroring a sizeable quantity of solar radiation. The solar control window films market demand is on the rise as these films are also addressed as reflective films, resulting in maintaining interior spaces chilled as juxtaposed to alternate kinds of films. The worldwide market for solar control window films is being pushed by the escalation in construction ventures globally and the dilating automotive industry. The contemplative traits of vacuum-coated films render them a favorable option for persons looking for systematic solutions to regulate solar heat acquisition and improve interior solace in several applications involving construction and automotive settings.
- The Flat Roof Segment Dominated the Market
Based on application, the flat roof segment dominated the market. The solar control window films market trends include flat roof solar positioning, which provides an uncomplicated approach, includes easy racking arrangements, and frequently needs compact cable runs. These features decipher the positioning procedure, causing decreased labor and material prices. Further, the sustenance for flat roof positioning needs to be more simplified, causing lesser comprehensive functional disbursements. The merger of these elements renders flat roof solar positioning a selected option for several pushing their eminence in the market.
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Solar Control Window Films Market: Report Scope
| Report Attribute | Details |
| Revenue Forecast in 2032 | USD 1,401.49 Million |
| Market size value in 2024 | USD 862.57 Million |
| Expected CAGR Growth | 6.2% from 2024 – 2032 |
| Forecast Year | 2024 – 2032 |
| Segments Covered | By Delivery Type, By Type, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Browse Press Release: Solar Control Window Films Market Size Worth $1,401.49 Million By 2032 | CAGR: 6.2%
Regional Landscape
APAC: This region held the largest solar control window films market share as the region's advancing nations are diligently improving their energy framework to direct the growing demand for power. In conjunction with this, governmental strategies and norms stressing the decrease of carbon discharge have become stricter. Further, there is an evolving consumer predilection for a feasible electricity framework in the region.
North America: This region will grow at a substantial pace as it profits from dilating the automotive industry, where solar control window films detect notable applications. The automotive sector's demand for these films, especially dyed films utilized in automotive windows, brings about holistic market growth. Further, the construction industry in the region is encountering an upswing. This development is credited to merciful lending strategies and the recuperation of the domestic construction sector.
Browse the Detail Report “Solar Control Window Films Market Share, Size, Trends, Industry Analysis Report, By Product Type, By Application, By Region, And Segment Forecasts, 2024 - 2032” with in-depth TOC at: https://www.polarismarketresearch.com/industry-analysis/solar-control-window-films-market
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Current Progresses
- In March 2022, GHL is set to amplify its production capacity in the SPF sector by 75%, escalating from the existing 2,400 lakh sq. ft to 4,200 lakh sq. ft. This expansion initiative involves significant capital expenditure for the establishment of a new Greenfield facility located in Waluj, India.
Report Answers to the Following Questions
- What is the study period of the solar control window films market?
Ans: The study period of the market is 2023-2032.
- At what CAGR is the market expected to grow?
Ans: The market is expected to grow at a CAGR of 6.2%.
- Which segments are covered in the report?
Ans: The segments covered in the report are the vacuum-coated segment and the flat roof segment.
- Who are the market's key players?
Ans: The market's key players include 3M, Eastman Performance Films LLC, and Saint-Gobain Performance Plastic Corporation.
- Which region holds the largest solar control window films market share?
Ans: APAC holds the largest market share.
Polaris Market Research has segmented the solar control window films market report based on Product type, application, and region:
By product Type Outlook
- Clear
- Dyed
- Vacuum Coated
By Application Outlook
- Construction
- Automotive
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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