GVR Report cover Solar Control Window Films Market Size, Share & Trends Report

Solar Control Window Films Market Size, Share & Trends Analysis Report By Product (Dyed, Clear, Vacuum Coated Films), By Application (Construction, Automotive), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-1-68038-134-4
  • Number of Pages: 94
  • Format: Electronic (PDF)

Report Overview

The global solar control window films market size was valued at USD 718.64 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. Solar control window films protect from harmful radiation in a car or room since severe ultraviolet (UV) rays are fatal and can lead to skin cancer. Also, solar control window films are useful for preventing fading of furniture in the interiors of a car as well as houses. The installation of these films is inexpensive and user-friendly and helps improve the aesthetic sense of a building.

U.S. solar control window films market size, by product, 2020 - 2030 (USD Million)

According to the U.S. Department of Energy, approximately one-third of a building’s cooling costs are attributed to heat gained through windows. Solar control window films control the amount of heat penetrated through the windows, thus reducing the cost and energy needed to cool the building with appliances such as air conditioners and helping in the reduction of carbon footprint.

The U.S. is the major market in North America for solar control window films. Major players such as 3M; Eastman Chemical Company; Johnson Laminating and Coating, Inc.; and Madico Inc. are based in the U.S. The U.S. is witnessing a resurgence in the construction sector, particularly the residential segment. Favorable government policies, coupled with the growing automotive sector, have driven the market in this country.

Vacuum-coated solar control window films held the largest share in the U.S. in 2021. Extreme weather conditions in this country have propelled people to install vacuum-coated solar control window films, which reflect the sun away from the building or vehicle. Dyed films, which are most commonly used in the automotive segment, are expected to witness increased demand on account of the growing automotive industry in the U.S.

Product Insights

Vacuum coated films dominated the global market in 2021 with over 45.0% of the revenue share. This is because these films reflect the largest amount of solar radiation, keeping the interiors cooler as compared to other films. Increasing construction activities globally and the growing automotive industry are the main drivers providing the necessary boost to the market for solar control window films. Vacuum coated solar control window films are also known as reflective films. The metal content in these films reflects the sun's incoming heat and also blocks harmful UV rays, which can prove fatal. These films are metalized using various methods such as sputtering, vapor deposition, and beam deposition.

Dyed solar control window films, also known as non-reflective films, are the next leading product for the market. These films are mainly used on automotive windows. The growing automotive industry around the world, particularly in the emerging Asia Pacific, Latin American, and the Middle East & African regions is the major driver of this segment. These films also find applications in the construction sector, particularly in tropical regions.

Application Insights

The construction segment accounted for the largest revenue share of over 55.0% in 2021. This industry can be further divided into residential and non-residential sectors. The growing population and increasing per capita income of people have driven the construction industry globally. Solar control window films have many advantages in the construction sector. Blocking harmful UV rays not only prevents people from contracting skin disorders but also improves employees' productivity in offices.

Global solar control window films market share, by application, 2021 (%)

The global automotive industry was severely affected by the coronavirus pandemic. However, since then, it has gained momentum and has been on an upward surge. With growing temperatures, the application of solar control films on the windows of vehicles has become even more important. They block harmful UV and infrared radiation from entering the car. This not only keeps the car cool but also avoids fading of the interiors such as the dashboard and seat covers of cars. Also, solar control window films avoid glares and reflection of lights even at night while driving.

Regional Insights

Asia Pacific emerged as the leading region and accounted for a revenue share of more than 35.0% in 2021. The Asia Pacific region is considered to be the most rapidly developing region in the world with the presence of emerging countries such as China and India. The market in this region is driven by growing construction spending and a high temperature generally throughout the year. Growing automotive industries in countries such as Indonesia and South Korea have also boosted the industry.

North America was the second-largest market after Asia Pacific in 2021. The construction industry in this region is witnessing an upward surge because of lenient lending policies and the recovery of the residential construction sector. This region is projected to expand at a CAGR of 6.3% from 2022 to 2030, the second-highest after the Asia Pacific region.

Solar Control Window Market Trends by Region

The market is also driven by the growing automotive industry in this region. Some of the major automotive manufacturers such as Tesla, Ford Motor Company, and General Motors are based in this region. The construction sector dominated the North American market in 2021. Growing residential constructions and lenient lending policies have led to the growth of this sector.

Key Companies & Market Share Insights

The companies are adopting organic and inorganic strategies such as new product developments, mergers & acquisitions, expansions, agreements, joint ventures, and collaborations in order to expand their product portfolio and geographical reach and consequently, acquire a greater market share. For instance, in May 2020, Madico Inc. received a Seal of Recommendation by The Skin Cancer Foundation for its architectural and automotive window films, which block 99% or more of UVB and UVA radiation. Some prominent players in the global solar control window films market include:

  • 3M

  • Eastman Chemical Company

  • Compagnie de Saint Gobain

  • Garware Hi-Tech Films Limited

  • Johnson Laminating and Coating, Inc.

  • Avery Dennison Israel Ltd. (Hanita Coatings RCA Ltd.)

  • Sican Co. Ltd.

  • TheWindow Film Company

  • LINTEC Corporation

  • Madico, Inc.

Solar Control Window Films Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 763.81 million

Revenue forecast in 2030

USD 1.27 billion

Growth rate

CAGR of 6.6% from 2022 to 2030

Base year for estimation

2021

Historical data

2019 - 2020

Forecast period

2022 - 2030

Quantitative units

Volume in million square feet, revenue in USD million, and CAGR from 2022 to 2030

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; Germany; U.K.; France; China; India; Japan; Brazil

Key companies profiled

3M; Eastman Chemical Company; Compagnie de Saint Gobain; Garware Hi-Tech Films Limited; Johnson Laminating and Coating, Inc.; Avery Dennison Israel Ltd. (Hanita Coatings RCA Ltd); Sican Co. Ltd.; The Window Film Company; LINTEC Corporation; Madico, Inc.

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Solar Control Window Films Market Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2030. For the purpose of this study, Grand View Research has segmented the global solar control window films market report on the basis of product, application, and region:

Global Solar Control Window Films Market Segmentation

  • Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2019 - 2030)

    • Dyed

    • Clear

    • Vacuum Coated Films

  • Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2019 - 2030)

    • Construction

    • Automotive

    • Others

  • Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2019 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

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