The global Solar Control Window Film market size is projected to reach USD 959.0 million by 2026, exhibiting a CAGR of 6.1% during the forecast period. Escalating carbon emission levels around the world will be a key factor driving the growth of this market, According to the US Environment Protection Agency (EPA), carbon dioxide has the largest share of 65% in the total greenhouse gases (GHGs) emitted around the world. Majority of these carbon emissions come from transportation activities, wherein vehicles primarily depend on fossil fuel energy. To address this issue, there is a dire need to develop technologies and tools to relieve the pressure on the fast-depleting fossil fuel sources. In this context, solar window films can play a decisive role as these plastic layers efficiently absorb sunrays and prevent them from entering wholesale into a car or house, thus keeping the place cool and reducing energy consumption.
Extensive Benefits of Window Films for Residential Spaces to Boost Their Uptake
Solar window films offer a host of advantages for residences, especially in those regions where climates are extreme. For example, regular windows in homes lead to huge amounts of energy wastage due to their poor absorption properties. Tinted windows, on the hand, with their superior absorption and filtration qualities, can make homes energy-efficient by reducing energy consumption between 30% and 50%.
Asia-Pacific to Register Fastest Growth; Europe to Grow at a Moderate Pace
Among regions, Asia-Pacific is anticipated to dominate the Solar Control Window Film market share in the forthcoming years owing to rapid growth in the construction sector in India and China, fueled by speedy urbanization in these countries. Moreover, governments in the region have made ambitious commitments to reduce their carbon footprint and are, therefore, taking required steps to achieve their targets, thereby generating lucrative opportunities for market players.
In North America, the market is expected to grow relatively slowly and will be mainly driven by the strong presence of solar film manufacturers such as Avery Dennison. The market in Europe, on the other hand, will display steady growth owing to high demand solar window films from the automotive industry.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/industry-reports/solar-control-films-market-101558
List of Players Covered in the Solar Control Window Film Market Report:
- HAVERKAMP GmbH
- Nexfil USA
- Recon Blinds
- Madico Inc.
- LLumar Films (Pty) Ltd.
- LINTEC Corporation
- E&B Co., Ltd.
- Garware Suncontrol
- Dexerials Corporation
- Eastman Performance Films LLC.
- Solar Control Window Film Inc.
- Avery Dennison Corporation
View Press Release from Fortune Business Insights: https://www.fortunebusinessinsights.com/press-release/automotive-plastics-market-9543