Consistently, rising energy costs and the need for reducing power consumption, is swelling the demand for sun control films. To reduce heat transfer from outside, sun control films are used which are prepared from plastic films and can be applied to glasses on the window. The use of sun control films is not new as it give comforts and save energy along with protecting home, offices among others. Sun control films provide solution to many problems such as glare, fading and amount spent on air conditioning and enhances the life of furnishings and protects the skin from harmful ultraviolet rays of the sun. Normally it cut down 78% of heat coming through the windows and hence can control the number of units consumed by air conditioner. Conversely in winters, sun control films helps in reducing heat loss by reflecting up to 35 percentage of heat back in to the room. Overall, it saves approximately 5 to 10 percentage on electricity costs. Increasing awareness about the advantages of the sun control films over normal sun reflective glass is making global sun control films market progressively desirable.
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Sun Control Films Market: Drivers & Restraints
In the past few years, without doubt there is an increase in demand for sun control films. As per manufacturers, they are receiving large number of orders for sun control window films as there is enough demand from residential and commercial sector which in turn is further fueling the sun control films market to grow. Upsurge in real estate development is one of the major reason driving the growth in the global sun control films. Increased infrastructural development in developing countries such as coming of malls has positively affected the demand for sun control films. The trend identified in the sun control film market is present buildings construction have more glass area than ever before which has further added to the increase in demand for sun control films. Other major factor leading to the market’s growth is increasing emphasis on energy security and government regulation. However, warranty issues and traditional window films tend to act like mirrors, it’s difficult to see outside, especially at night when interior lights are on and among others are the major constraints for the global sun control films market.
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Sun Control Films Market: Segmentation
The global sun control films market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. It can be further segmented on the basis of applications, into commercial, residential and others (buses, subways).
Sun Control Films Market: Region-wise Outlook
The global sun control films market is anticipated to record a significant CAGR for the forecast period. On the basis of geographic regions, the global sun control films market is segmented in the following key regions: North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East & Africa and Asia Pacific. Currently, the Chinese players dominates the sun control films market. Japan and Asia Pacific are anticipated to increase at a considerable growth rate and is expected to contribute to the global sun control films market value exhibiting a substantial CAGR during the forecast period, 2015?2025.
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Sun Control Films Market: Key Players
Some of the key players identified in the global sun control films are as Garware Suncontrol, 3M, Jupiter International, Recon Blinds, Guangdong New Vision Film Technology Co., Ltd, Madico, Solar Gard, among many others. With the technological advancements and increasing degree of ‘know-how’ more market players are expected to join the competition.