Solar Control Window Films Market - Forecasts from 2024 to 2029

Solar Control Window Films Market - Forecasts from 2024 to 2029

The solar control window films market is estimated at US$937.65 million in 2024 and is anticipated to grow at a CAGR of 4.68% during the forecast period and reach US$1,178.76 million in 2029.

Solar Control Window films are usually made from polyethylene terephthalate (PET) and are applied over windows in the construction and automotive industries. These films protect against UV rays, help reduce glare, and save energy. The demand for these films is anticipated to rise due to increased green construction activity.

Moreover, solar control window films are gaining traction in the residential and commercial sectors as they help improve the occupant's comfort by maintaining the indoor temperature. Apart from temperature control, these films also help provide privacy without obstructing visibility and help minimize glare.

SOLAR CONTROL WINDOWFILMS MARKET DRIVERS:

Increasing skin cancer cases due to regular exposure to UV rays in the car or at homes or offices is a major reason boosting the market for solar control window films in the projected period. Rising cases of conditions such as skin cancer and melanoma are expected to increase the demand for these films in the coming years. For instance, according to the International Agency for Research on Cancer (IARC), in 2022, skin cancer was one of the most common cancer diagnosed worldwide. More than 1.5 million new cases of skin cancer were estimated in 2022. Moreover, in 2022, an estimated 3,30,000 new cases of melanoma were diagnosed worldwide, and approximately 60,000 people died from it. Hence, the rising number of cancer cases is expected to impact the solar control window films market in the forecasted period.

SOLAR CONTROL WINDOW FILMS MARKET GEOGRAPHICAL OUTLOOK:

Asia Pacific’s solar control window films market is anticipated to grow suggestively.

The APAC region is anticipated to grow suggestively in the coming years, owing to increasing construction and growing production and sales of automotive vehicles in countries such as India and China. For instance, according to the National Bureau of Statistics of China, the construction sector in China grew by 22% in 2023 compared to 2022. The increasing commercial and residential construction plans from the Chinese government and stringent government regulations are expected to fuel the market for solar control window films in the region.

The North American region is also expected to bolster steadily in the forecasted period, owing to the growing automotive sector and the presence of global players such as 3M and Avery Dennison Corporation. For instance, according to the International Organization of Motor Vehicle Manufacturers (OCIA), the number of passenger cars manufactured in the US in 2022 was 17,51,736, which was a 10% increase compared to 2021, where the car production was only 15,63,060. Hence, growth in end-use sectors is expected to propel the market for solar control windows in the coming years.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The solar control windowfilms market is segmented and analyzed as follows:

By Product Type:

Clear
Dyed
Vaccum Coated

By Technology:

Tinted
Polymer Dispersed Liquid Crystal
Suspended Particle Device
Others

By Application:

Automotive
Construction
Others

By Geography:

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
UK
Germany
France
Italy
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
South Korea
Indonesia
Thailand
Others