The global solar control films market was valued at USD 848.1 million in 2018 and it is expected to grow at a CAGR of 9.1% during 2019–2024. The increasing solar control film is a thin film that is mounted on the window glass to eliminate heat transmission by replicating back visible light, infrared and ultraviolet (UV) rays entering through the window. Moreover, solar control film provides effective solutions in monitoring the excessive temperature during the summer.
Growth Drivers
The reduction of energy cost, UV (ultra-violet) emissivity, carbon footprints, and infrared emissivity is expected to drive the growth of global solar control films market. Moreover, the increasing awareness about the advantages of solar control films over normal sun reflective glass is the major factor contributing towards the growth of this market globally. Solar control films are increasingly being implemented for the commercial purpose as it helps in blocking almost 99 percent of UV rays from entering a building that helps in reducing fading of furniture, fabrics, and artwork.
Geographic Overview
Geographically, Asia-Pacific accounted for the largest share in the solar control films market and is also expected to witness highest growth during the forecast period. This increasing demand is particularly observed due to constant revamp and development in commercial buildings in this region. The solar control films are excessively being used by for UV protection, decoration, security and privacy purpose in commercial spaces such as offices, hospitals and malls. Moreover, Asia-Pacific comprises of largest consumer base in the automotive industry and the demand for cars is directly proportional to the demand for solar control films in this region.
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Competitive Insight
Market players in the solar control films industry are focusing on providing maximum comfort both in residential, commercial and travelling space to its customers. Some of the key players in this market are Garware Suncontrol, 3M Company, Decorative Films LLC, Madico Inc., Hanita Coatings RCA Ltd., Eastman Chemicals Company (LLumar), Nexfil USA, CHB Industries, SunTek Window Films, Wintech Company Ltd., Johnsons Window Films Inc., and Saint-Gobain SA.
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