Global Solar Control Films Market- Industry Analysis and Forecast (2019-2027)
Global Solar Control Films Market was valued US$ 170.50 Mn in 2019 and is expected to reach US$ 450.30 Mn by 2027, at a CAGR of 12.91 % during a forecast period.
Global Solar Control Films Market
The report has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.
Solar-control films are used to reduce the transmission of solar heat energy. It is a thin laminated control film, which is designed to adhere to windows, doors, or other transparent building surfaces to reflect sunlight and regulate the internal temperature. The Solar control films are available in the metallized form, which helps to save substantial amounts of energy.
Global Solar Control Films Market, Dynamics:
Solar control films have the ability to reduce power consumption and cost association. It helps to reduce energy cost, carbon emissions and reduction in UV rays & IR emissivity that are expected to increase the demand for solar control films. Additionally, it supports in lowering carbon emission levels by reducing excessive load on air-conditioning system. Advantages of the usage of the solar control films over normal sun reflective glass are expected to boost the growth in the solar control films market across the globe.
The Infrastructural enhancement in the developing countries like construction of malls and high-rise buildings also contributes to the growth of solar control films market. Also, the ongoing trend of constructing buildings, which have more glass area are contributing to rapid adoption of sun control films. The growing adoption because of rising environment and health concerns are key propelling factors for the market growth.
Global Solar Control Films Market, Segment Analysis:
By absorber type, organic solar control films are expected to grow at a xx% rate of CAGR during the forecast period. The organic coatings are also used in safety films by using adhesives. They are thicker and delivers protection against glass shards. Furthermore, the metallic absorbers are expected to grow at a xx% rate of CAGR. They are used as decorative and style statement of the building. It significantly reflects sun rays which aids in reducing power bills because of the ingress of lesser heat. The metal content in the product reproduces the incoming heat and also blocks the harmful UV rays. The metallic absorbers films reflect the largest amount of solar radiation by keeping the interiors cooler than other films.
Growth in construction industry coupled with superior properties like energy savings and reduction of carbon footprints has contributed to the solar control films market growth. Further, strict regulations concerning with the energy consumption in commercial buildings have increased the solar control films demand. The lenient lending policies and industrialization have played a vital role in the growth of residential and commercial construction sectors. The Solar control films are required for UV protection, decoration, security and privacy purpose in commercial buildings like hospitals, malls and offices.
Global Solar Control Films Market, Regional Analysis:
By region, Asia Pacific region held the xx% share in 2019 and expected to be leading region in the global solar control films market. The dominant position in the market is attributed to the presence of the warm temperatures in Asian countries. The tropical climate of the nations have proven to be conducive for the sales of solar control films. The region at the forefront of the global solar control films market. The usage of solar control films is most commonly commercial buildings such as malls, offices, industrial facilities and automobiles. The region is anticipated to be the fastest-growing region thanks to rapid expiation of the construction sector. The construction industry is dominated by emerging countries like India and China. Also, the automotive industry is expected to drive the demand for solar control films in this region.
Global Solar Control Films Market, Competitive Analysis:
The key players in the solar control films market are expecting to get massive opportunities because of the gradual rise in temperatures across the globe. The usage of solar films are becoming commonplace in urban areas in tropical countries because of the presence of the warm temperatures. Some of the prominent players include 3M Company, Eastman Chemical Company, Saint-Gobain, Garware Polyester Limited (India) are contributing maximum share in the global solar control films market.
The objective of the report is to present a comprehensive analysis of the Global Solar Control Films Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Solar Control Films Market dynamics, structure by analyzing the market segments and projects the Global Solar Control Films Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Solar Control Films Market make the report investor’s guide.
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Scope of the Global Solar Control Films Market
Global Solar Control Films Market, By Type
• Vacuum Coated
Global Solar Control Films Market, By Application
Global Solar Control Films Market, By Absorber Type
Global Solar Control Films Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Solar Control Films Market
• 3M Company
• Eastman Chemical Company
• Saint Gobain
• Garware Polyester Limited (India)
• The Window Film Company
• Solar Control Films Inc.
• Purlfrost Ltd.
• Avery Dennison Israel Ltd
• Sun Control
• Madico Inc.
• Polytronix Inc.
• Solyx Films SA Pty Ltd.
• Decorative Films LLC
• V-Kool USA INC
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