A window film comprises of a polyester laminate sheet that is treated with reflective coatings in order to enhance the look of existing windows after its application, with one side of the film containing a scratch-resistant coating, while the other side contains an adhesive for bonding of the film to the glass surface. It is a highly thin film that is made up of polyester, plastic or any other material that permits the light to move across the other side. The primary aim of installing solar window film is to help save costs for the user as well as to protect the interior works or fabrics and furnishings from harmful ultraviolet radiations. Window films are normally applied to the interior surface of a glass window either at home or commercial building or in a car. These films are also formulated to withstand any scratches. Currently, as per the report of WHO, it is estimated that about 2 to 3 million individuals are reportedly suffering from non-melanoma skin cancers globally every year. Hence, solar control window films are now being considered as the next best alternative to mitigate the impact of environment on human-beings.
Market Size and Forecast
Solar control window films are estimated to generate high demand globally, owing to various factors performed by them such as reducing and controlling heat, saving energy, protection from fading and sun glaring and blocking ultraviolet radiations that can cause harm and damage to all human-beings. By installing solar window films, the interior of the rooms of homes or other buildings can be protected from the ultra-violet radiations of the sun that can cause fading. According to a report published by World Health Organization (WHO) on its website, it states that the number of cases of individuals reported with non-melanoma (skin cancer) was pegged at 1.04 million worldwide in 2018.
The global solar control window film market is anticipated to grow at a significant CAGR over the forecast period i.e. 2020-2027. The market is segmented by component type, product type and by application, out of which, the application segment is anticipated to occupy the highest market share on account of heavy demand generated from increasing number of residential and commercial buildings globally, as this technology is being seen as a sustainable environment friendly alternative that can protect the lives of individuals globally. DOWNLOAD FREE SAMPLE REPORT HERE
Laying Stress On Reduction Of Co2 Emissions
There are a growing number of medical cases related to skin related diseases that are being reported across the world. In the light of that, there is a growing number of measures being taken up by governments across the globe to find out various ways to reduce Co2 emissions in order to mitigate the effects of climate change on human-beings. While on the search for alternative ways, many market players are coming up with new products that are technologically environment friendly and would sustain for a longer period of time. Solar control window films which is having several advantages to its credit such as preventing excess heat from causing any damage to the humans or environment whether at homes, offices or any other place. The Environmental Protection Agency, being an independent agency of the US federal government has laid out in its report the figures pertaining to global Co2 emissions from fossil fuels and some industrial processes that states that China and the USA contribute to a larger share of Co2 emissions at 30% and 15% respectively.
Conservation of Energy & Safety & Security
Solar control window film has the potential to save energy by reducing the demand for the same during the peak energy demand period. As the consumption of energy reduces, it could lead to drop in demand for new power production facilities containing Co2, which leads to reduction in emissions globally. The global investments in renewable technologies had risen 600 percent from USD 47 billion in 2004 to USD 286 billion in 2015 which suggests the growing interest among the global population to adopt renewable technologies such as solar power that is helping individuals globally to save money as well as being able to optimally meet their energy requirements.
Poor Vision and Faster Stripping of External Covering of Window
There may be some issues that may require attention in the case of solar control window films which is the dark tint in the film that could affect the vision for people at their homes. In addition to it, window films might begin to peel off in a few years, although these solar control window films are being marketed with the idea that their life span ranges anywhere between 12 to 15 years. Moreover, absence of awareness among the major global population coupled with some misconceptions may hinder the growth of the market over the forecast period.
Our-in depth analysis of the global solar control window film market includes the following segments:
By Component Type
By Product Type
On the basis of regional analysis, the global solar control window film market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to occupy the leading market share, owing to the presence of a number of market players, especially in the region of United States of America that are engaged in manufacture of solar control window films, as well as increasing concerns over the number of individuals diagnosed with skin cancer ailments and rising awareness about the health problems associated with it that can affect the health and well-being of individuals in the region. The market in Europe is also anticipated to register a high growth rate, owing to the increasing prevalence of medical ailments such as skin cancer that has affected the population in the region. The number of new cases of individuals in Europe suffering from skin melanoma were pegged at 1,44,209 as of 2018 as per the report of Global Cancer Observatory, an international agency for research on cancer. The market players are being encouraged by the governments in the region to adopt environment friendly alternative solutions by choosing solar control window films that can mitigate and help reduce the effects of Co2 emissions on individuals.
The global solar control window film market is further classified on the basis of region as follows:
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