The global sun control films market size is anticipated to be valued at USD 6,509.1 million in 2023 and estimated to value at USD 11,224.4 million by 2033. It is set to expand at a CAGR of 5.6% by 2033. The high demand for smart glasses in developed countries is anticipated to drive the sales of sun control films in the assessment period.
Sun control films are plastic films that are applied on glasses of windows to reduce heat transfer from outside. These are extensively utilized in vehicles to prevent excessive heat from entering the inside. These can reduce the load on air conditioners at homes by blocking heat from the outside.
Increasing concerns associated with the harmful effects of UV rays are estimated to augment the global sun control film market share in the future years. According to the World Health Organization (WHO), UV rays can often lead to non-melanoma skin cancers and photo-conjunctivitis. Hence, the need to prevent these serious health issues related to UV exposure is a significant factor that is set to propel the market.
The booming construction industry worldwide is likely to boost the demand for sun control films as these can create a comfortable ambiance inside buildings. These can also hold the glass together even after the appearance of cracks.
| Attribute | Details |
|---|---|
| Estimated Base Year Value (2022) | USD 6,187.4 million |
| Expected Market Value (2023) | USD 6,509.1 million |
| Anticipated Forecast Value (2033) | USD 11,224.4 million |
| Projected Growth Rate (2023 to 2033) | 5.6% CAGR |
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According to the previous market survey reports obtained by FMI, the demand for sun control films remained more or less constant in the last decade. The net worth of the total sun control films sold in the year 2017 globally stood at around USD 4,941.4 million.
Following the year 2017, sun control films experienced a heightened market demand with the rising global concern for sustainable methods of energy utilization. However, the overall market experienced a brief period of downturn between the years 2020 and 2021.
Based on the market survey report obtained in 2022, continuous two-year restrictions on the construction industry reduced the requirement for construction goods. The negative implications of pandemic restrictions on the building and construction industry brought down the overall market growth rate to 4.6% during this period. Ultimately, by the end of the year 2022, the net valuation of the market achieved a net valuation of USD 6,187.4 million.
The rising number of several energy-conservation initiatives by government and private agencies, such as environment-friendly structures and green buildings across the globe is expected to boost the demand for smart glass. Consequently, increasing demand for smart glass is propelling the adoption of sun control films.
Governments of numerous developed countries are also offering incentives and mortgage schemes for encouraging people to buy green homes and adopt eco-friendly products, including smart glass. These glasses have excellent 3D design proposition and high acoustic, as well as thermal insulation.
Smart glasses are often fitted in place of the usual glasses into skylights, windows, partitions, and doors. These deliver better sunlight control and are capable of preventing high indoor temperatures throughout the summer season, thereby reducing the building’s overall energy cost. These factors are anticipated to push the sales of sun control films in the evaluation period.
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In emerging economies, many homeowners are skeptical of the various benefits that sun control films provide. Thus, the lack of awareness about these products may hamper growth in the future. These films are sometimes difficult to install in case of varied frames, latches, and window liters.
Wrong installation can leave the glass looking uneven and bubbly. Spurred by the aforementioned factors, the demand for sun control films may get obstructed in the coming years.
Building and Construction Sector of Emerging Economies in Asia Pacific to Drive the Sales of Sun Control Films in the Coming Decade
Asia Pacific is anticipated to dominate by procuring the large sun control films market share in the upcoming years. This growth is attributable to the significant expansion of the construction sector in China and India.
The high demand for residential and commercial buildings in these countries is expected to augur well for Asia Pacific. As per the India Brand Equity Foundation (IBEF), after the agriculture sector, the real estate industry is the second leading employment generator in India. The industry is projected to exceed USD 9.30 billion in 2040 from USD 1.72 billion in 2019. This trend is set to continue throughout the forthcoming years, thereby bolstering the market in Asia Pacific.
| Regional Markets | The United Kingdom |
|---|---|
| CAGR (2023 to 2033) | 4.4% |
| Regional Markets | China |
|---|---|
| CAGR (2023 to 2033) | 6.5% |
| Regional Markets | India |
|---|---|
| CAGR (2023 to 2033) | 6.9% |
Expansion of Automotive Industries to Further Drive the Market for Sun Control Films in the United States
North America is anticipated to showcase a steady growth rate in the forthcoming years owing to the presence of numerous renowned manufacturers, such as Avery Dennison Corporation and 3M in the United States. These companies are likely to come up with state-of-the-art products in the market to cater to the ever-increasing demand from end-use industries.
The ongoing expansion of the automotive industry in the United States is another key factor that is set to bode well for North America’s sun control films market growth. In February 2022, for instance,
| Regional Markets | The United States |
|---|---|
| Global Market Share in Percentage | 24.7% |
| Regional Markets | Germany |
|---|---|
| Global Market Share in Percentage | 3.8% |
| Regional Markets | Japan |
|---|---|
| Global Market Share in Percentage | 4.7% |
| Regional Markets | Australia |
|---|---|
| Global Market Share in Percentage | 1.3% |
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Based on the market survey report by FMI, high-performance sun control films are the dominant category in this market. Back in 2022, this segment contributed revenue of around USD 2,437.8 million from its worldwide sales.
Besides high-performance films, vacuum-coated sun control films are gaining high traction in recent years because of their high reflective abilities. Over the projected years, this market segment is poised to experience a high adoption rate rendering a high CAGR through 2033.
| Category | By Film Type |
|---|---|
| Top Segment | High-performance Film |
| Market Share in Percentage | 39.4% |
| Category | By End User |
|---|---|
| Top Segment | Design |
| Market Share in Percentage | 34% |
Based on different end uses of the sun control films, the design is figured out to remain the dominant market segment through 2033 as well. According to market survey numbers, this segment held a market share of around USD 2,103.7 million in 2022.
As the use of sun protection films in buildings has increased considerably so the importance of design glasses has also increased. Further growth of the building and construction sector in emerging economies is poised to keep the design end-user segment profitable through 2033.
The global market is highly competitive with the presence of several regional and international players. Some of the renowned players operating in the global sun control films market are Avery Dennison Corporation, 3M, Garware Sun Control, Saint-Gobain, LLumar Films (Pty) Ltd., LINTEC Corporation, Nexfil USA, Solar Control Window Film Inc., Dexerials Corporation, Eastman Performance Films LLC, HAVERKAMP GmbH, Recon Blinds E&B Co., Ltd., and Madico Inc. among others.
Most of the leading companies are striving to broaden their businesses in various parts of the globe by forming alliances, such as joint ventures, acquisitions, and partnerships with local and well-established players. Meanwhile, a few others are increasingly focusing on new product launches and capacity expansions to meet the high unmet demand for sun control films worldwide.
Recent Developments by the Sun Control Films Industries
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million or billion, Volume in Kilotons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Film Type, Absorber Type, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC, South Africa |
| Key Companies Profiled | Avery Dennison Corporation; 3M; Garware Suncontrol; Saint-Gobain; LLumar Films (Pty) Ltd.; LINTEC Corporation; Nexfil USA; Solar Control Window Film Inc.; Dexerials Corporation; Eastman Performance Films LLC; HAVERKAMP GmbH; Recon Blinds E&B Co., Ltd.; Madico Inc. |
| Customization | Available Upon Request |
By 2033, the sun control films market will expand at a 5.6% CAGR.
The 2023 market value is US$ 6,509.1 million.
From 2017 to 2022, the market expanded at a 4.6% CAGR.
The United Kingdom will expand at a 4.4% CAGR by 2033.
High-performance film is expected to be highly preferred.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Film Type 5.1. High-performance Films 5.2. Vacuum Coated (Reflective) 5.3. Dyed (Non-reflective) 5.4. Clear (Non-reflective) 5.5. Other Film Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Absorber Type 6.1. Inorganic/Ceramic 6.2. Organic 6.3. Metallic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Design 7.2. Marine 7.3. Automotive 7.4. Construction 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Avery Dennison Corporation 16.2. 3M 16.3. Garware Suncontrol 16.4. Saint-Gobain 16.5. LLumar Films (Pty) Ltd. 16.6. LINTEC Corporation 16.7. Nexfil USA 16.8. Solar Control Window Film Inc. 16.9. Dexerials Corporation 16.10. Eastman Performance Films LLC 16.11. HAVERKAMP GmbH 16.12. Recon Blinds E&B Co., Ltd. 16.13. Madico Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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Sun Control Films Market
