Description
Global Solar Control Window Films Market Research Report – Forecast till 2027
Market Overview
Global Solar Control Window Films Market is anticipated to register significant growth at a CAGR of around 9.3% to surpass USD 6.2 Billion by the forecast period of 2027. The solar control window film is used to regulate sun radiations and heat. These films are usually put up on the inner side of windows to avoid UV radiation, heat gain, and excess sunlight and glare. Solar control window films are avoiding the steady heat build-up from occurring owing to the sunlight streaming through the glass, resulting in a more stable and moderate temperature.
The global solar control windows marker is expected to register notable market growth owing to the increasing demand for solar control window films in residential and commercial buildings and the growing automotive industry in emerging economies. The building & construction and automotive industries are the major customers of solar control windows in the market. Additionally, the widespread use of solar control films in the automotive industry is the other prime factor fuelling the market growth. However, the alternative solar control techniques and products are anticipated to hinder the market growth during the review period. Furthermore, the expected growth of the automotive market in the emerging economies of Asia-Pacific, Latin America, and the Middle East & Africa and the widespread use of solar control films in automobiles, the requirement for solar control window films is anticipated to register healthy growth in future.
Market Segmentation
Global Solar Control Window Films Market has been classified into Type, Absorber Type, and Application.
In terms of type, the global solar control window films market has been divided into dyed, vacuum, clear, and others.
By absorber type, the global market has been categorized into organic, inorganic, and metallic.
Based on application, the global market has been classified into construction, automotive and transportation, marine, decorative, and others.
Regional Analysis
Geographically, the global Solar Control Window Films Market has been segmented into five major regions namely North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The market in the North American region is expected to register as the largest market owing to the largest market share of 34.4% in 2019. The regional market growth is driven by the increasing infrastructural development 5
in North America.
Asia-Pacific is expected to exhibit the rapidly developing market to witness a notable CAGR of 10.9% during the review period. The regional market growth is propelled by the expanding industrialization and commercialization in emerging economies such as India, Thailand, and South Korea. Additionally, the growing requirement for commercial space owing to the growth of service sectors such as information technology, banking, financial services, and insurance, and telecommunications is fuelling the growth of solar-controlled window films in the region during the review period.
Major Players
The Prominent Players in the Global Solar Control Window Films Market are 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), and NEXFILUSA (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
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