Solar Control Window Films Global Market Report 2024

The solar control window films market size has grown rapidly in recent years. It will grow from $4.17 billion in 2023 to $4.61 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed during the historical period can be ascribed to increased awareness of the energy crisis, adherence to building regulations, a focus on UV protection, enhancements in film durability, and the demand from the automotive industry.

The solar control window films market size is expected to see strong growth in the next few years. It will grow to $6.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The expansion anticipated in the forecast period can be linked to concerns about climate change, the surge in urbanization and construction activities, consumer demand for efficiency, the integration of data-driven analytics, and a heightened emphasis on health and comfort. Noteworthy trends expected in the forecast period encompass multifunctional films, the integration of nanotechnology, the incorporation of smart glass, and advancements in anti-glare technologies, as well as the utilization of infrared (IR) blocking films.

The anticipated growth in the solar control window film market is set to be driven by the expanding construction sector in the future. Construction encompasses activities such as altering, building, repairing, planning, acquiring, and designing both private and public building structures. It involves the use of various engineering techniques for the assembly and erection of structures, contributing to enhanced buildings and infrastructure. Solar control windows, incorporated into building window panels, serve to regulate the amount of sunlight entering a space, facilitating heat reduction and blocking UV rays. This results in reduced reliance on air conditioning, lower operating costs, UV ray filtration, minimized sun glare, and protection for furniture against fading. A notable example is the May 2023 data from the United States Census Bureau, revealing a 4.3 percent increase in construction spending to $403.3 billion in the first three months of 2023 compared to $386.7 billion during the same period in 2022, indicating the positive impact of the expanding construction sector on the solar control window film market.

The growth of the solar control window market is further propelled by the escalating global temperatures. The increasing temperatures and concerns related to climate change drive the adoption of solar control window films to mitigate solar heat gain, maintaining cooler interiors and reducing the burden on air conditioning systems. Supported by data from the January 2023 report by the National Oceanic and Atmospheric Administration (NOAA), indicating that 2022 was the sixth warmest year globally since records began in 1880, with a 0.86°C increase compared to 2021, the rising global temperatures are identified as a significant factor driving the solar control window market.

A key trend gaining traction in the solar control window film market is technological innovation. Major players in the market are concentrating on developing novel products to enhance their market position. For example, in March 2021, 3M, a US-based company specializing in solar control window film for buildings and automobiles, introduced the 3M Automotive Window Film Ceramic IR Series featuring nano-ceramic technology. These windows reflect up to 66 percent of overall solar energy, provide 99% UV radiation protection, and reduce the sensation of the sun's heat, with the added benefit of metal-free construction to prevent electronic or mobile phone interference.

Innovation in solar control window films extends to products with power generation capabilities, with major companies focusing on their development. For instance, in September 2023, Panasonic, a Japan-based electronics company, unveiled windows utilizing 'power-generating glass' incorporating transparent panes with perovskite solar cells to generate electricity for homes. The technology relies on uniform perovskite film application on glass surfaces through inkjet printing. A perovskite sheet less than one micron thick is sandwiched between two glass sheets to manufacture the power-generating glass.

In May 2023, Solar Art, a US-based solar window films company, successfully acquired Solar Insulation Window Films for an undisclosed amount. This strategic acquisition aims to enhance market share and solidify Solar Art's position as a leading provider of window film solutions in the industry. This acquisition aligns with Solar Art's strategy to expand its client base through partnerships and strategic acquisitions. By incorporating Solar Insulation Window Films, Solar Art can now reach a broader audience in the Seattle, Renton, and Western Washington regions. This acquisition enables Solar Art to offer an expanded range of window film options, including energy-saving, privacy and decorative, and safety and security films, to its clients. Solar Insulation Window Films is a US-based window film services company.

Major companies operating in the solar control window films market report are 3M, Eastman Performance Films LLC., Avery Dennison Corporation, Lintec Corporation, Dexerials Corporation, SunShade Technologies Inc., XPEL Inc., Saint-Gobain, Schreiner Group, Hanita Coatings RCA Ltd., Madico Inc., Tekra LLC., Griff Paper And Film, Solar Screen International SA, Johnson Laminating And Coating Inc., Decorative Films LLC., The Window Film Company, Garware Suncontrol Film, SunTek Films, NEXFIL Co. Ltd., Purlfrost Ltd., Sunsational Solutions, Solar Control Films Inc., SolarZone, Vista Window Film, HAVERKAMP GmbH, Deposition Technology Innovations, SerraLux Inc., Sican Co. Ltd., Sican Co. Ltd.

Asia-Pacific was the largest region in the solar control window films market in 2023. The regions covered in the solar control window films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar control window films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of solar control window films include clear, dyed, vacuum coated, high-performance films, and others. Dyed films involve the addition of dye as an extra layer of material, applied alongside the adhesive before attaching it to the window. Various absorber types, such as organic, inorganic, ceramic, and metallic, are utilized in different sectors such as construction, automotive, marine, graphics, decorative, among others.

The solar control window films market research report is one of a series of new reports that provides solar control window films market statistics, including solar control window films industry global market size, regional shares, competitors with a solar control window films market share, detailed solar control window films market segments, market trends and opportunities, and any further data you may need to thrive in the solar control window films industry. This solar control window films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The solar control window film market consists of sales of reflective film, dual-reflective film, ceramic film, harmony film, spectrally selective film, low-E film, and specialty film. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.