The market for North America's solar control window films is expected to expand at a CAGR of more than 11% during the forecast period. Major factors driving the market studied are growing emphasis on reducing carbon footprint. The growing smart glass market is expected to hinder the growth of the market studied.
Key Highlights
- The construction industry dominated the market and is expected to grow during the forecast period.
- Growing concerns regarding UV protection is expected to act as an opportunity in the future.
Key Market Trends
Increasing Demand from Construction Industry
- Solar control window films are majorly used in the construction sector due to their ability to reflect the heat coming from solar radiation and maintain a comfortable ambiance in terms of the temperature inside the structure or building.
- Due to their transparent nature, these films or tints can be laminated on the glass surfaces present on the buildings. The other function of these films will be to hold the glass pieces together even after the occurrence of some cracks.
- Under the construction sector, solar control window films are mostly used in commercial and residential buildings.
- Moreover, in North America, especially the United States, the construction market has grown during the past years and has increased the solar control window film demand in the region.
United States to Dominate the Market of North America Region
- The health awareness factors play a major role in the United States solar control window film market.
- As per the figures of skin cancer organization, each year, an average of about 5.4 million instances of skin cancer come for treatment from about 3.3 million Americans. The figure represents the extent of damage that harmful UV-A and UV-B rays can cause, to the health of American citizens.
- Owing to a change in ozone layers, the population in the United States is increasingly getting vulnerable to skin cancer ailments.
- The awareness that exposure to UV rays causes cancer is driving the consumer sentiments to consider solar control products, including windows.
- The aforementioned factors are contributing to the increasing demand for solar control window films' consumption in the region, during the forecast period.
Competitive Landscape
The North America solar control window film market is semi consolidated. The major companies include 3M, Saint-Gobain Performance Plastics Corporation, Eastman Chemical Company, Polytronix Inc., and Purlfrost, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support