Low Emissivity Film Market

Low Emissivity Film Market Outlook

The Low Emissivity Film Market size is projected to be worth USD 335.8 million in 2023. The market is likely to surpass USD 536.6 million by 2033 at a CAGR of 4.8% during the forecast period. Low emissivity films are usually applied on windows, which can prevent UV rays from entering inside a room.

The low emissivity film contains metal oxide as a base material, which can prevent UV rays. The manufacturers of the low emissivity states that, the films absorb around 70%-80% of the heat, which can help in saving 50% of electricity which is used for cooling the room. The films are easy to install and does not need any skilled worker.

Drivers Propelling the Demand for Low Emissivity Film include:

• The rise in the heat outside cannot be controlled, with the installation of low emissivity films; the room temperature can be reduced as the film blocks 99% of UV rays; thus resulting in the adoption of the products.
• The objects kept inside the room can be damaged when exposed to direct UV rays, hence it can be reduced with the application of films on windows.
• With the growing, concern towards energy consumption and climate change, the need for application of films increases that result in the growth of the market.
• The rise in the demand for sustainability and green building initiatives goals the adoption of the low emissivity films are increasing.

Restraints in the Low Emissivity Film Market:

• The cost of low emissivity films is high than standard window films, which can be a barrier for some building and house owners. Which can lower the adoption rate of film and hinder market growth.
• With the continuous exposure of the films to UV rays, the life span of these films reduces, which can be a major challenge for keeping the same performance for a longer period.
• It is a challenging task to keep a balance between reducing heat transfer and maintaining good visibility at the same time. Achieving both at the same time is a challenging factor that is affecting the growth of manufacturing companies.
• The demand for high-quality and sustainability low emissivity films is increasing as the product is used in a wide range of applications, also maintaining plants may suffer from insufficient light exposure when planted near the window with the low-E film.

Opportunities in the Low Emissivity Film Industry:

• The growth of the automotive industry can create lucrative opportunities for the companies, as these films help in cooling down the temperature and increase the comfort of the passenger.
• Old buildings have no modern insulations, with the application of these films the thermal properties of buildings can be improved. The retrofit industry creates many opportunities for market growth.
• These films also block around 99% of UV rays, which can damage furniture, flooring and upholstery. This can be a significant benefit for conserving the resale value of house.

Latest Trends in the Low Emissivity Film Market:

• The growing adoption of energy-efficient technologies in buildings and vehicles is the major trend to drive market growth.
• The advancement in technologies, which is expanding the applications and capabilities of films, is driving the market growth.
• With the rise in demand for the automotive industry, the use of low-emissivity films is also increasing in emerging economies like USA, Japan and China.
• The ability of low emissivity film to perform for a longer period is the major trend. With continuous exposure to UV rays, the life of these films reduces, so manufacturers are trying to introduce films with longer shelf life.

Attribute	Details
Low Emissivity Film Market Size (2023)	USD 335.8 million
Low Emissivity Film Market Projected Size (2033)	USD 536.6 million
Value CAGR (2023 to 2033)	4.8%

2018 to 2022 Low Emissivity Film Demand Outlook Compared to 2023 to 2033 Forecast

From 2018 to 2022, the global Low Emissivity Film market experienced a CAGR of 3.6%, reaching a market size of USD 320.4 million in 2022.

Low-emissivity (low-E) films play a significant role in high heat absorbing multiple glass units, which can save a significant amount of heat energy in buildings. This remarkable advancement is regarded as one of the most significant developments in the flat glass sector in the last century.

The origins of low-E films in the 1960s, their commercialization in the 1970s, and, most importantly, subsequent developmental steps followed by, and in some cases actively co-designed by, market makers are portrayed.

According to the International Energy Agency (IEA) Paris, building accounts for approximately 30% of total energy consumption and 55% of total world power use. Several programme are being launched to create energy-efficient buildings in response to increased attempts to reduce individual energy consumption. Low-E glass demand is being driven by conscious efforts in the residential and commercial sectors to reduce energy usage.

From 2018 to 2022, with the entrance of new players, and the expansion of the market players in the new markets is driving the market growth. Also, the need for energy consumption and temperature control is increasing, resulting in boosting the market growth.

Future Forecast for Low Emissivity Film Industry

Looking ahead, the global low emissivity film industry is expected to rise at a CAGR of 4.8% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 536.6 million.

According to ENERGY.GOV Buildings account for more than 40% of total US energy consumption, with approximately 40% being attributed to the operation of heating, ventilation, and air-conditioning systems.

Saving fuel for cooling and heating buildings could make a significant contribution to sustainability. Low-emissivity films for building walls, which serve as the primary component of the thermal envelope. High reflectance in the infrared wavelength range (90%) and selectable reflectance in the visible light wavelength range for chosen colors.

These films can serve to reduce radiative heat exchange between the indoor and outdoor settings, saving energy for year-round cooling and heating while providing the desired visual impact. According to simulations, these coatings can assist minimize heat intake and loss by up to 257.6 MJ per installation wall area per year.

The market in Asia Pacific is expected to grow at the fastest rate during the forecast period, owing to rapid urbanization, smart cities, and skyscraper projects throughout the region, which are significant driving factors for market revenue growth during the forecast period.

Country-Wise Insights

Low Emissivity Film Market to Surge in China Amid the Rising Need to Save Electricity.

Country	China
Market Size (USD million) by End of Forecast Period (2033)	USD 34.9 million
CAGR % 2023 to End of Forecast (2033)	4.1%

The low emissivity film industry in the China is expected to reach a market share of USD 34.9 million by 2033, expanding at a CAGR of 34.9%.

The market in China is expected to grow at the fastest rate during the forecast period, owing to rapid expansion in smart cities, urbanization, and skyscraper projects throughout the country, which are significant driving factors for market revenue growth during the forecast period.

The People's Republic of China (PRC) government has pledged to make renewable energy 20% of the energy mix by 2030 and to reduce carbon intensity by 17%.

The Rising Demand for Thermal Insulation Technologies to Propel the USA Market Growth

Country	USA
Market Size (USD million) by End of Forecast Period (2033)	USD 48.2 million
CAGR % 2023 to End of Forecast (2033)	3.0%

The low emissivity film industry in the USA is expected to reach a market share of USD 48.2 million, expanding at a CAGR of 3.0% during the forecast period.

Over the forecast period, the United States is anticipated consistent revenue growth. The growing use of UV filters and sophisticated thermal insulation technologies in green building regulations in the United States is driving revenue growth in the business.

Furthermore, the California Air Resources Board (CARB) legislation requiring the installation of low-E glass film on all new cars in order to improve fuel efficiency and reduce carbon emissions is propelling revenue growth in the country.

Category-Wise Insights

How the Solar Control Low E-Film Segment to Dominate Low Emissivity Film Industry

The solar control low E-Film segment is expected to dominate the low emissivity film industry with a CAGR of 4.4% from 2022 to 2033. Solar low e-film is an excellent choice for homes in any kind of weather.

They help keep heat outside on hot days and inside on cold days. This improves comfort by stabilizing temperature, reducing the cooling and heating system demands, and lowering energy expenses.

How the Automotive Glass is Driving the Low Emissivity Film Market?

The automotive glass segment is expected to dominate the low emissivity film industry with a CAGR of 3.8% from 2022 to 2033. This film significantly enhances the energy efficiency of glass by lowering the quantity of solar radiation admitted into a structure through window apertures.

The goal of low-e films is to lower the quantity of solar radiation that enters a building from the infrared section of the solar spectrum while yet letting a high level of light in.

How Key Players Stay Competitive in the Low Emissivity Film Industry?

With the new entrants the low emissivity film industry is highly competitive, trying to gain market share. Key players in the low emissivity film market remain competitive by inventing and producing new solutions that satisfy changing client needs. The market players are focusing on research and development which can help to keep them updated with latest technologies and trends.

Key Strategies Adopted by the Players

Strategic Partnerships and Collaborations

For the development of companies, the market players are adopting partnership and collaboration, which can help them gain competitive advantage and get access to latest technologies and trends in the market.

Increasing Product Efficiency and Accuracy

The market players are adopting new strategies, which can help them in product innovation, increased efficiency and accuracy of these films. These market players are investing heavily in research and development for better growth in market.

Expansion into Emerging Markets

The major key players in market are expanding their operations in new emerging markets to increase customer base. In addition, they are collaborating with other companies for entering the market.

Key Players in the Low Emissivity Film Industry

• Eastman Performance Films, LLC.
• Guardian Bastille
• Madico, Inc.
• TintFX
• All American Window Tinting, Inc.
• Tenco Construction Company
• 3M
• Campbell Window Film
• Epic Solar Control
• Manchester Window Film Company
• Epner Technology, Inc.
• Shandong Senhong Glass Co.,Ltd

Segmentation Analysis of the Low Emissivity Film Market

By Film Type:

• Passive Low E-Film
• Solar Control Low E-Film
• Spectrally Selective Low E-Film
• Conductive Low E-Film

By Application:

• Windows
• Automotive Glass
• Display Panels

By End Use:

• Food
• Automotive
• Building & Construction
• Electrical & Electronics

By Region:

• North America
• Latin America
• East Asia
• South Asia & Pacific
• Western Europe
• Eastern Europe
• Central Asia
• Russia & Belarus
• Balkan & Baltic Countries
• Middle East and Africa (MEA)

Frequently Asked Questions

What is the Low Emissivity Film market CAGR for 2033?

The low emissivity film market CAGR for 2033 is 4.8%.

How Big Will the Low Emissivity Film Market by 2033?

The market is estimated to reach USD 536.6 million by 2033.

Who are the Key Low Emissivity Film Market Players?

Saint-Gobain, 3M, and Nitto Denko are key market players.

What is the Current Market Valuation of the Low Emissivity Film Market?

The market is estimated to secure a valuation of USD 335.8 million in 2023.

Which Region Holds a Significant Share of the Low Emissivity Film Market?

Asia Pacific holds a significant share of the market.