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The global solar control window film market size is set to touch USD 959.0 million by 2026 as a result of mounting concerns surrounding overexposure to sun’s ultraviolet (UV) rays, according to the new Fortune Business Insights™ report, titled “Solar Control Window Film Market Size, Share & Industry Analysis, By Product Type (Clear, Dyed and Vacuum Coated), By Application (Construction, Automotive and Others) and Regional Forecast, 2019-2026”. The report states that the market value stood at USD 597.5 million in 2018 and is expected to register a CAGR of 6.1% from 2019 to 2026.
Avery Dennison Appoints Decrastrip as Its New Distributor in New Zealand
The American adhesives expert, Avery Dennison Corporation, announced in July 2019 the appointment of Decrastrip as its new distributor in New Zealand. Avery aims at strengthening its presence the down-under by deepening its distribution network in Australia and New Zealand. Along with Glasslines, Decrastrip will now distribute Avery’s premium range of safety and solar control films in the country. The company’s film solutions are known globally for their durability, superior performance, energy efficiency, and excellent comfort. Thus, players in this market are taking solid efforts to establish and consolidate their position in otherwise unexplored markets through development of strong distribution channels.
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Increasing Preference for Ceramic Window Tints to Open New Growth Avenues for the Market
Employing nano-ceramic technology, ceramic window films are known to be highly effective in controlling heat transfer through efficient heat absorption mechanisms. The multiple advantages these films offer over regular tints is spiking their adoption and boosting the solar control window film market growth in the process. For instance, ceramic window films block nearly 99% of the sun’s UV rays and reject infrared light, rejecting 60%-86% of solar energy altogether. Experts have also found that ceramic films can bring down indoor heat by 20 degrees Celsius, creating a comfortable living interior atmosphere. Additionally, these tints have extremely high resistance to cracking, discoloring, and fading and are also known to possess high strength. However, ceramic solar control window film cost 15% more than regular tints, but the energy savings they induce far outweigh their initial costs.
Strategic Investments in Innovation to Remain Central Focus of Market Players
The market for solar control window film offers a wide arena for companies to innovate and explore different vistas of product development and enhancement. Players are responding likewise as majority of them making innovation-centric investments and strategically launching new products in the market to gain an upper hand in the competition. As a result, the competitive landscape of this market is bustling with eager companies looking to cement their position and new entrants attempting to establish their presence in this fledgling market.
List of Key Companies Covered in the Solar Control Window Film Market Report:
Further Report Findings:
Table of Segmentation:
Value (USD Million)
By Product Type