The Low Emissivity Film Market is expected to reach US$ 335.8 Million in 2023, with further growth anticipated to exceed US$ 536.6 Million by 2033, registering a steady CAGR of 4.8% throughout the forecast period.
In an era marked by heightened apprehensions about escalating energy usage and the imminent specter of climate change, the imperative to employ such films gains paramount importance. This imperative drives the market forward, fostering its sustained growth.
As outdoor temperatures continue to soar beyond our control, the installation of low emissivity films emerges as a game-changer. These films effectively curtail indoor heat by blocking an impressive 99% of UV rays, consequently leading to a surge in product adoption.
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2018 to 2022 Low Emissivity Film Demand Outlook Compared to 2023 to 2033 Forecast
Between 2018 and 2022, the global Low Emissivity Film market exhibited a steady growth, with a compounded annual growth rate (CAGR) of 3.6%, culminating in a market size of US$ 320.4 million in 2022.
Low-emissivity (low-E) films have emerged as pivotal components in high-heat-absorbing multiple glass units, contributing to substantial energy savings in building environments. This remarkable advancement stands as one of the most noteworthy milestones in the flat glass industry throughout the past century. The origins of low-E films trace back to the 1960s, their commercialization in the 1970s, and, most significantly, subsequent stages of development, often in collaboration with and sometimes actively steered by industry pioneers, are highlighted.
Future Forecast for Low Emissivity Film Market
Looking into the future, the global Low Emissivity Film Market is poised for robust growth, with a projected compound annual growth rate (CAGR) of 4.8% from 2023 to 2033. Over this forecast period, the market’s size is anticipated to expand to US$ 536.6 million.
As per ENERGY.GOV, buildings constitute over 40% of the total energy consumption in the United States, with a substantial 40% allocated to the operation of heating, ventilation, and air-conditioning systems. Implementing energy-saving measures in building heating and cooling can significantly contribute to sustainability. Low-emissivity films designed for building walls serve as a linchpin of the thermal envelope. With their high reflectance in the infrared wavelength range (90%) and selectable reflectance in the visible light spectrum, tailored to specific colors, these films effectively reduce radiative heat exchange between indoor and outdoor environments. This translates to year-round energy savings for cooling and heating, all while achieving desired visual aesthetics. According to simulations, these coatings can lead to a remarkable reduction in heat intake and loss, up to 257.6 MJ per installed wall area annually.
Drivers:
- Energy Efficiency Regulations: Stringent energy efficiency regulations and standards implemented by governments worldwide drive the adoption of Low-E films. These regulations often require buildings to meet specific energy efficiency criteria, promoting the use of energy-saving technologies like Low-E films.
- Rising Energy Costs: As the cost of energy continues to increase, businesses and homeowners seek cost-effective ways to reduce energy consumption. Low-E films help to insulate buildings, reducing the need for heating and cooling, thus saving on energy bills.
- Environmental Concerns: Growing awareness of environmental issues, such as climate change and greenhouse gas emissions, encourages the use of energy-efficient solutions like Low-E films to reduce carbon footprints.
- Advancements in Film Technology: Ongoing research and development efforts lead to the creation of more effective and versatile Low-E films, expanding their applications and improving their performance.
- Increased Construction Activity: A rise in construction and renovation projects, particularly in residential and commercial sectors, boosts the demand for energy-efficient building materials, including Low-E films.
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Market Players:
- Eastman Performance Films, LLC.
- Guardian Bastille
- Madico, Inc.
- TintFX
- All American Window Tinting, Inc.
- Tenco Construction Company
- 3M
- Campbell Window Film
- Epic Solar Control
- Manchester Window Film Company
- Epner Technology, Inc.
- Shandong Senhong Glass Co.,Ltd
Market Segmentation:
By Film Type:
- Passive Low E-Film
- Solar Control Low E-Film
- Spectrally Selective Low E-Film
- Conductive Low E-Film
By Application:
- Windows
- Automotive Glass
- Display Panels
By End Use:
- Food
- Automotive
- Building & Construction
- Electrical & Electronics
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East and Africa (MEA)
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