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Global Solar Control Window Films Market - Segmented by Type, End-User Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Solar Control Window Films Market - Segmented by Type, End-User Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The global solar control window film market was valued at USD 721.47 million in 2017, and is expected to reach USD 1,210.59 million by 2023, growing at a CAGR of 11.68 % during the forecast period, 2018-2023. Asia-Pacific is expected to lead the market owing to its rapid growth in the construction and automotive industries. Solar control window films are manufactured mainly from polyethylene terephthalate (PET), a common thermoplastic resin belonging to the polyester family. They are used because of their excellent optical properties and strength. The raw material PET is in the form of pellets that are melted and stretched biaxial into polyester sheets, which are then processed according to its applications.

Soaring Demand from Construction Industry

The window films serve a wide variety of purposes like providing protection against damaging ultraviolet radiations that can cause the fading of fabrics, furnishings, and display articles. These films are also used for blocking glare, reducing heat within a building, lowering energy costs by reducing air conditioning needs, and providing privacy while making buildings look attractive. The booming automotive and construction industries have created demand for energy in developing economies.
The reduction in carbon footprint that these films bring, along with the savings incurred in energy bills, makes them very attractive for use in residences and commercial installations alike. The security and privacy that they provide, and the protection from UV and IR radiations serve as the main drivers for this market.

Asia-Pacific Region to Lead the Market

The Asia-Pacific region is expected to grow at a CAGR of 12.83% during the forecast period, 2018-20123 due to the booming automotive and construction industries. Moreover, in North American countries, especially the United States, the construction market has witnessed robust growth in recent times, thereby boosting the demand for solar control window films in the region.

Notable Developments in the Market:
February 2017: 3M increasing demand for window films in China, Japan, South Korea, Taiwan, and Australia.
May 2017: Eastman is expected to increase the capacity for paint protection films and window films to support Llumar and Suntek. This capacity expansion is expected to be completed by late 2017.

Major Players: 3M, Saint-Gobain, Eastman Chemical Company, Madico Ploytronix Inc., and Purlfrost Ltd, amongst others.

Reasons to Purchase the Report

To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Emphasis on Reducing Carbon Footprints
4.1.2 Upsurge in the Asia-Pacific Construction Industry
4.1.3 Safety and Security
4.2 Restraints
4.2.1 Growing Smart Glass Market
4.2.2 Technical, Warranty, and Installation Issues
4.3 Opportunities
4.3.1 Recovering Construction Industry in Europe
4.3.2 Growing Concerns Regarding UV Protection
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By End-user Industry
5.1.1 Construction Commercial/Retail Residential
5.1.2 Automotive
5.1.3 Marine
5.1.4 Design
5.1.5 Others
5.2 By Product (Film) Type
5.2.1 Clear (Non-reflective)
5.2.2 Dyed (Non-reflective)
5.2.3 Vacuum Coated (Reflective)
5.2.4 High-performance Films and others
5.2.5 Other Industrial Products
5.3 By Absorber Type
5.3.1 Organic
5.3.2 Inorganic/Ceramic
5.3.3 Metallic
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 US
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 UK
6.3.3 Italy
6.3.4 France
6.3.5 Spain
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 UAE
6.5.4 Rest of MEA
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 3M
8.2 Decorative Films, LLC
8.3 Eastman Chemical Company
8.4 Garware Suncontrol
8.5 Hanita Coatings
8.6 Johnson Window Films
8.7 Madico
8.8 Polytronix
8.9 Purlfrost
8.10 Solar Control Films Inc.
8.11 Solar Gard - Saint Gobain
8.12 Thermolite
8.13 V-Kool USA
*(List Not Exhaustive)
9. Disclaimer
**Subject to Availability in Public Domain

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