North America is expected to experience consistent growth due to the presence of renowned manufacturers like Avery Dennison Corporation and 3M in the United States, who are continuously innovating to meet the rising demand from various industries. Additionally, the demand for residential and commercial buildings in Asia Pacific is expected to thrive, which is a significant factor for the region's growth. Notably, in India, the real estate industry is the second-largest employment generator after the agriculture sector, according to the India Brand Equity Foundation (IBEF)..

NEWARK, Del, June 20, 2023 (GLOBE NEWSWIRE) -- The overall size of the global sun control films market was assessed by Future Market Insights at US$ 6,187.4 million in the year 2022. As per the FMI market analysis report, from 2023 to 2033, the market is anticipated to expand at of 5.6%. By following this growth rate, the overall market is poised to grow from US$ 6,509.1 million in 2023 to US$ 11,224.4 million by 2033.

Rising consumer demand for energy-efficient windows is anticipated to drive the sales of control films during this projected period. Sun control films are now getting frequently used in windows to increase energy efficiency for heating and cooling in both commercial and home settings.

Sun control films can reduce heat loss through windows and doors in houses by an average of 30%, according to the United States Department of Energy. So, rising global concern for reducing the proportion of toxic gases in the atmosphere is anticipated to encourage the sales of sun control films.

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Key Takeaways from this Market Study:

• The United States is known to be making high use of sun control films for its windows in buildings and vehicles. In comparison to other countries, the regional market garnered almost US$ 1,528.3 million in 2022 which was almost 24.7% of the overall revenue.

• In the Asia Pacific region, Japan has remained a well-known producer and user of sun control films. In the year 2022, the overall valuation of the market was US$ 290 million translating into 4.7% of the global revenue.

• In recent years, China is witnessed to be progressing notably in the production and export of sun control films from its widely established industries. As per the FMI market analysis report, this regional market is projected to register a CAGR of 6.5% during the period from 2023 to 2033.

• India is another remarkably growing market in the Asia Pacific region that is poised to witness an even high growth rate during this period. With recent developments by domestic industries and support from foreign investors, this regional market is anticipated to witness a CAGR of 6.9% through 2033.

• Australia is another notable market for developing world-class sun control films with a high demand for such items for domestic purposes. Through the sales of sun control films in Australia and abroad, it generated a revenue of nearly 1.3% of the global market share.

• In the Europe region, Germany is the leading market for sun control films with a robust production capacity for such items. The sun control film manufacturing industries in Germany garnered a revenue of US$ 235.1 million in 2022 equating to 3.8% of the global revenue.

• The United Kingdom is poised to experience a high growth rate of 4.4% in demand for sun control films over the forecasted years.
  

Competitive Landscape for these Market Players:

A few key companies along with a handful of medium- and small-sized regional competitors, dominate the overall market. Both regional competitors and other firms with extensive distribution networks and a constantly improving approach have increased the competition.

Leading players compete based on the sun control film production method employed and the product quality given. While new entrants are competing based on unique technological capabilities and application development skills.

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Key Companies involved:

• Avery Dennison Corporation

• 3M

• Garware Suncontrol

• Saint-Gobain

• LLumar Films (Pty) Ltd.

• LINTEC Corporation

• Nexfil USA

• Solar Control Window Film Inc.

• Dexerials Corporation

• Eastman Performance Films LLC

• HAVERKAMP GmbH

• Recon Blinds E&B Co., Ltd.

• Madico Inc.
  

Key Segments Profiled:

By Film Type:

• High-performance Films

• Vacuum Coated (Reflective)

• Dyed (Non-reflective)

• Clear (Non-reflective)

• Other Film Types
  
  

By Absorber Type:

• Inorganic/Ceramic

• Organic

• Metallic
  

By End User:

• Design

• Marine

• Automotive

• Construction

• Others
  

By Region:

• North America

• Latin America

• Western Europe

• Eastern Europe

• Asia Pacific Excluding Japan

• Japan

• The Middle East and Africa
  

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Table of Content (ToC):

1. Executive Summary

2. Market Overview

3. Market Background

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Film Type

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Absorber Type

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

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Breathable Films Market Volume: The flourishing building & construction vertical coupled with the growing demand for food packaging is likely to accelerate the breathable films market in the forecast period. A few other advantages of breathable films include enhanced processability, a wide spectrum of breathability levels, extended shelf life, UV stability, exceptional dispersion, and likewise.

Dual Ovenable Lidding Films Market Types: Key players in the market are consistently working to improve their product appeal and brand visibility through marketing and promotion techniques. These activities will boost sales and increase consumer preference for these products.

Tube Laminating Films Market Outlook: The demand for tube laminating films is likely to rise as it is used for packaging food, pharmaceuticals, personal care, and industrial applications. The adoption of tube laminating films is a cost-effective packaging solution and extends the shelf life of the product.

USA Stretch Hood Films Market Analysis: The USA stretch hood films market revenue totaled US$ 214.3 million in 2022. Rising demand for packaging films in the USA is set to propel the use of stretch hood films. The market is hence likely to experience a lucrative growth outlook from 2023 to 2033.

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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