The Asia-Pacific solar control window films market is expected to grow at a significant rate during the forecast period (2018 - 2023). The market is expected to increase rapidly in the emerging economies due to the increase in demand from the real estate sector.
Solar control window films are manufactured mainly from polyethylene terephthalate (PET), a common thermoplastic resin belonging to the polyester family. They are used because of their excellent optical properties and strength. The raw material, PET, is in the form of pellets which are melted and stretched biaxially into polyester sheets to be processed according to its applications.
Rising Demand in the Construction Sector
The construction industry, which includes commercial and residential buildings construction, accounts for the major share in the solar control films market. These window films have been extensively used in commercial and residential buildings, as a protective sheet installed on the windows. These window films serve a wide variety of purposes, like providing protection against damaging ultraviolet radiations that can cause fading of fabrics, furnishings, or display articles, blocking glare, reducing heat within a building, lowering energy costs by reducing air conditioning needs, and providing privacy while making buildings look attractive. Varied levels of insulation are also available that assists in keeping the energy usage under control in any kind of climate. They also play a major role in enhancing the home exterior and appearance. Due to their advanced benefits, they are preferred more as compared to other types of films.
Asia-Pacific to expand at a Fastest Rate
The demand of the Asia-Pacific market is expected to show the fastest growth from the South Korea and China region. The growing popularity of the passive house concept in Asia-Pacific creates a huge demand from the construction industry, followed by the automobile industry. The energy efficiency objectives set by countries, like South Korea, account for a significant use, thereby, increasing the market demand in the region. However, there are many local players, who offer competitive products at lower prices, in direct competition to the established players.
Key Developments in the Market:
Feb 2018: Vacuum Depositing Inc., a fully owned subsidiary of Lintec Corporation and a leader in the roll-to-roll deposition of evaporative, sputtered, and dielectric coatings on flexible substrates, announced an expansion of its manufacturing capabilities under the leadership of a new management.
Major Players: 3M, Saint Gobain, Eastman Chemical Company, Polytronix Inc., and Purlfrost, among others.
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of PorterŐs five forces analysis
To identify the countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Emphasis on Reducing Carbon Footprint
4.1.2 Upsurge in the Asia-Pacific Construction Industry
4.1.3 Rising demand as an alternative to Natural Gas
4.2.1 Growing Smart Glass Market
4.2.2 Technical, Warranty and Installation Issues
4.3.1 Growing Concerns Regarding UV Protection
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Application
5.2 By Film Type
5.2.1 Vacuum Coated
5.2.4 High Performance and Others
5.3 By Absorber Type
5.3.2 Inorganic/ Ceramic
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.4 South Korea
6.5 ASEAN Countries
6.6 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.2 Decorative Films, LLC.
8.3 Eastman Chemical Company
8.4 Garware Suncontrol
8.5 Hanita Coatings
8.6 Johnson Window Films
8.10 Solar Control Films Inc.
8.11 Solar Gard - Saint Gobain
*List Not Exhaustive
**Subject to availability on public domain
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.