The global sun control films market is expected to be worth US$ 6.3 billion in 2022, and US$ 9.7 billion from 2022 to 2032. By 2032, it is expected to expand at a CAGR of 5.8%. During the assessment period, sales of sun control films are expected to be driven by the growing demand for smart glasses in developed countries.
The market for sun control coatings is being driven by rising energy costs and the desire to reduce electricity use. Sun control films, which are composed of plastic and may be applied to window glass, are used to reduce heat transfer from the outside. Sun control films are not new because they give convenience and energy savings while also protecting the home and business, among other benefits.
Sun control films solve various problems such as glare, fading, and the amount of money spent on air conditioning while also extending the life of furniture and protecting the skin from dangerous UV rays of the sun. Normally, it reduces 78% of the heat that enters through the windows, allowing you to manage the number of units consumed by the air conditioner. In the winter, sun control coatings help to reduce heat loss by reflecting up to 35% of heat back into the room.
Overall, it saves approximately 5 to 10 per cent on electricity costs. Increasing awareness about the advantages of sun control films over normal sun reflective glass is making the global sun control films market progressively desirable.
Region-wise Outlook
The global sun control films market is anticipated to record a significant CAGR for the forecast period. Based on geographic regions, the global sun control films market is segmented into the following key regions: North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East & Africa and the Asia Pacific.
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Currently, the Chinese players dominate the sun control films market. Japan and the Asia Pacific are anticipated to increase at a considerable growth rate and are expected to contribute to the global sun control films market value by exhibiting a substantial CAGR during the forecast period, 2015-2025.
Regional analysis includes
North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC, S. Africa, N. Africa)The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Sun Control Films Market: Drivers & Restraints
In the past few years, without doubt, there is an increase in demand for sun control films. As per manufacturers, they are receiving a large number of orders for sun control window films as there is enough demand from the residential and commercial sectors which in turn is further fueling the sun control films market to grow.
Upsurge in real estate development is one of the major reasons driving the growth in the global sun control films. Increased infrastructural development in developing countries such as the coming of malls has positively affected the demand for sun control films.
Leading Players in Global Sun Control Films Market
Some of the leading players identified in the global sun control films are Garware Sun control, 3M, Jupiter International, Recon Blinds, Guangdong New Vision Film Technology Co., Ltd, Madico, and Solar Gard, among many others. With the technological advancements and increasing degree of ‘know-how,’ more market players are expected to join the competition.
The report covers an exhaustive analysis on:
Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value ChainThe trend identified in the sun control film market is present buildings construction has more glass area than ever before which has further added to the increase in demand for sun control films. Another major factor leading to the market’s growth is the increasing emphasis on energy security and government regulation. However, warranty issues and traditional window films tend to act like mirrors, it’s difficult to see outside, especially at night when interior lights are on and among others are the major constraints for the global sun control films market.
Report Highlights:
Detailed overview of the parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint
Key Segments Profiled in the Sun Control Films Industry Survey
By Film Type:
- High-performance Films
- Vacuum Coated (Reflective)
- Dyed (Non-reflective)
- Clear (Non-reflective)
- Other Film Types
By Absorber Type:
- Inorganic/Ceramic
- Organic
- Metallic
By End User:
- Design
- Marine
- Automotive
- Construction
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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