5 Major Insights On The Solar Control Window Films Market 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Solar Control Window Films Global Market Report 2023, the solar control window films market is expected to show significant growth in the forecast period.
Key insights from the solar control window films market forecast include:
1. Market Size
The global solar control window films market is projected to increase from $3.74 billion in 2022 to $4.17 billion in 2023, with an 11.5% CAGR. It is forecasted to reach $6.03 billion in 2027, growing at a 9.6% CAGR.
2. Major Driver
The growing construction industry drives the solar control window film market. For example, in May 2023, the United States Census Bureau reported a 4.3% increase in Q1 2023 construction spending compared to the same period in 2022, totaling $403.3 billion. Hence, the expanding construction sector fuels the solar control window film market.
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3. Key Trend
Technological innovation is a prominent trend in the solar control window film market. Major players prioritize novel product development for market advancement. In March 2021, US-based 3M, known for its solar control window film, introduced the 3M Automotive Window Film Ceramic IR Series, featuring nano-ceramic tech. These windows reflect up to 66% of solar energy, block 99% UV radiation, and reduce heat sensation. The metal-free design avoids electronic interference.
4. Major Players
Major players in the solar control window films market 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., and Sican Co. Ltd.
5. Top Market Segments
The global solar control window films market is segmented –
1) By Product: Clear, Dyed, Vacuum Coated, High Performance Films, Other Products
2) By Absorber Type: Organic, Inorganic Or Ceramic, Metallic
3) By Application: Construction, Automotive, Marine, Graphics Or Decorative, Other Applications
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The Solar Control Window Films Global Market Report 2023 provides an in-depth analysis on the solar control window films market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the solar control window films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Solar Photovoltaic Panel Manufacturing Global Market Report 2023
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Window Film Global Market Report 2023
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