The size of the solar control films market was over $728 million in 2021, which will reach about $1,284 million by 2030, growing at a rate of around 7% in the near future.
This is because of the rising consciousness of the compensations of solar control films as compared to sun-reflective glass, snowballing rate of real- estate development, and surging emphasis on lessening of energy costs and carbon footprint.
Vacuum variants had the largest share of revenue, of over 40%, in the recent past, and they will grow at a significant rate in the near future. This development has a lot to do with the rise in the construction and advance in the use in automobiles, as these films reflect the solar radiation and keep the interiors much cooler than other films.
Construction sector dominated the industry of solar control films with over 52%, in the recent past, because of the growing use of these materials in residential and commercial buildings. The rapid infra growth in China, Brazil, Malaysia, India and South Africa, has affected the requirement for solar control films.
The solar control films market of the APAC had a share of over 38% in the past, and it will grow significantly in the future. This is chiefly credited to the increasing investment on construction and warm weather all over the year in most of the region. Additionally, the region is the fastest-growing, because of the presence of India and China.
North America follows the APAC region because of the budding automotive industry. Moreover, the construction industry in the region is booming because of the advantageous policies for lenders and the economic recovery, which have led to a resurgence in the requirement for residential vicinities.
It is because of the growing construction industries and increasing environmental concerns, the demand for solar control films is on the rise around the world.
