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2023

Heat Insulating Films Market

Heat Insulating Films Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2021-2031

MC : Advanced Materials

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Author's: Chidanand Vijaykumar Bilagi | Eswara Prasad
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Heat Insulating Films Market Research, 2031

The global heat insulating films market was valued at $9.8 billion in 2021, and is projected to reach $15.8 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.

Heat insulating films are thin plastic films or coatings that are used in a variety of applications to reduce heat transmission and increase energy efficiency. They are widely utilized for insulation of buildings and automobiles. The films work by reflecting or trapping heat within a space, thereby reducing the amount of heat that escapes. There are various types of heat insulating films, including endothermic films and reflective films. 

Heat Insulating Films Market

Governments all over the world are enforcing strict building codes and regulations in order to encourage the use of energy-efficient insulation systems. The increasing demand for energy-efficient buildings is driving the demand for heat insulating films, as they provide effective insulation which help to reduce energy consumption. The rise in construction activity, particularly in the residential sector, is increasing the demand for heat insulating films. 

The favorable environment in the room, which is maintained by the use of heat insulating films, contributes to a comfortable workplace in a commercial building. In addition to heat insulation, it provides UV protection and clear visibility by reducing glare. The growth of construction activity in commercial as well as residential sector and concerns about the environmental impact of greenhouse gas emissions are driving demand for energy-efficient insulation systems, including heat insulating films. 

The automotive industry is increasingly focused on developing energy-efficient vehicles, and heat insulating films can help to reduce energy consumption by insulating the interior from heat. Electric vehicles require effective insulation to maintain battery performance and extend battery life. The growing demand for premium vehicles demand for advanced insulation systems, including heat insulating films, as these systems provide improved comfort and energy efficiency. All these factor are driving demand for heat insulating films in market. 

However, there are certain limitations associated with the use of the heat insulating films. By application of heat insulating films, it void the warranty of the new window. Some types of heat insulating films have limited durability, they can be prone to damage from UV rays, humidity, and temperature fluctuations, reducing their overall lifespan. Dyed and metallized heat insulating films may not be transparent which affecting the appearance of the building and potentially reducing its aesthetic appeal. The use of metalized heat insulating films in automotive, it can cause obstacle to the radio, satellite and cell phone signals.  

Heat insulating films installation can be challenging and time-consuming; it needs for specialized equipment and skilled labor. Due to this heat insulating films can be more expensive than traditional insulating materials, which limits their appeal to some customers. All these factors allowing consumers to choose alternatives over heat insulating films, which hampers the market growth. 

The increasing use of automobiles and people's transportations drives the development of automotive heat insulating films. Heat insulating films adheres to the surface of the automotive glass without altering the appearance of the vehicle, making it a comfortable choice. Heat insulating films protects against climate change as well as UV ray exposure and used for maintaining the automotive cabin temperature by blocking heat and reflecting UV rays that enter through the window. 

Governments all over the world are enforcing strict emissions regulations, causing the automotive and construction industry to adopt more energy-efficient technologies such as heat insulating films. The heat insulating films market has significant growth opportunity in developing countries, where the construction and building industries are rapidly expanding. The development of new and innovative insulation films, such as low-emissivity films and radiant barrier films, has increased their efficiency and effectiveness, opening up new market opportunities. 

Growing demand for heat insulating films in commercial buildings 

Heat insulating films help to reduce energy consumption in buildings by preventing heat from entering or escaping, resulting in more energy-efficient buildings. Heat insulating films help to improve indoor comfort by reducing temperature fluctuations and controlling the internal temperature of commercial buildings, resulting in increased demand for heat insulating films in commercial buildings. Governments around the world are enforcing strict building codes and regulations to encourage the use of energy-efficient insulation systems, which is driving demand for heat insulating films. 

Heat insulating films help improve indoor comfort by reducing temperature fluctuations and controlling the internal temperature of buildings. Concerns about the environmental impact of greenhouse gas emissions are driving demand for energy-efficient insulation systems, including heat insulating films, in buildings. Heat insulating films used in commercial buildings can result in significant cost savings due to lower energy consumption and maintenance costs of HVAC system. The rise in construction activity, particularly in the construction sector driving demand for the heat insulating films. 

The heat insulating films market is segmented on the basis of type, end-use industry, and region. By type, the market is divided into endothermic films and reflective films. The end-use industries covered in the report include commercial buildings, residential buildings, automotive and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  

Key players in heat insulating films industry include DuPont, UBE Corporation, Toray Industries Inc., Johnson Window Films Inc., Singleton Group, 3M, Saint Gobain, Bleher Folientechnik GmbH, Cosmos Films Ltd., Avery Dennison Corporation. 

Heat Insulating Films Market by Type

On the basis of type, the global heat insulating films is divided into the endothermic films and reflective films. The reflective heat insulating films type accounted for 56% heat insulating films market share in 2021 and is expected to maintain its dominance during the forecast period.  

Reflective heat insulating films can reduce the need for air conditioning by absorbing heat from the environment, resulting in energy savings and improve indoor comfort levels. Reflective heat insulating films are environmentally friendly as they are made from non-toxic materials which are long-lasting and can provide long-term benefits. Reflective heat insulating films are commonly used in buildings to reduce heat gain and improve indoor comfort, particularly in hot climates with that it also used in the automobiles to reduce heat entering the interior and improve passenger comfort. 

Reflective heat insulating films are a type of insulation material that works by reflecting heat away from a space. They are made of highly reflective materials such as aluminum, which reflect sunlight and prevent heat from entering a building. As a result, they are ideal for use in hot climates, where reducing heat entering a building is a priority. Reflective heat insulating films are simple to install on a variety of surfaces, including windows, walls, and roofs, making them a versatile heat insulation solution. Reflective films has wide range of application such as buildings, automotive, agriculture and industrial sector. 

Heat Insulating Films Market by End-Use Industry

By end-use industry, it is divided into commercial buildings, residential buildings, automotive and others. Residential building end-use industry accounted for the largest revenue share in the heat insulating films market in 2021. The demand for heat insulating films has increased in recent years as users become more aware of the value of energy efficiency and indoor comfort. 

As the effects of climate change become more apparent, there is a growing demand for insulation materials that can help to reduce the amount of energy consumed in buildings, thereby lowering carbon emissions and combating climate change. Heat insulating films can help reduce interior temperature fluctuations, improving the overall comfort of vehicle interiors. The automotive industry is increasingly focused on developing energy-efficient vehicles, and heat insulating films can help to reduce energy consumption by insulating the interior from heat. The expansion of the construction industry, particularly in developing countries, has increased the demand for insulation materials, such as heat insulating films, to meet the needs of new and retrofitted buildings. Thus, the demand and use of heat insulating films across residential building application is anticipated to offer new growth opportunities. 

Heat Insulating Films Market by Region

On the basis of region, Asia-Pacific accounted for 44% heat insulating films market share in 2021 and is expected to maintain its dominance during the forecast period. Accumulation of solar heat energy is the prime factor for increasing the surface temperature of objects, which results in inconveniences in industrial production and daily life. To overcome this issue, heat insulating films are widely used in commercial buildings. Sunlight produces unwanted glare that tend to increase the ambient temperature in buildings and automotive, thus increasing the use of HVAC systems.

However, HVAC systems tend to increase energy consumption cost and contribute toward carbon emission. To overcome these issues, reflective window films are used, which reflect a portion of the sun rays that help keep the room cooler. According to the publication by Volza Grow Global, China is the largest exporter of heat insulation film in the world. On March 14, 2022, the Ministry of Public Security of the People's Republic of China issued a notice further specifying fire management requirements on external thermal insulation materials for civil construction, which demanded a grade combustion performance of external thermal insulation materials for civil construction. 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the heat insulating films market analysis from 2021 to 2031 to identify the prevailing heat insulating films market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the heat insulating films market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global heat insulating films market trends, key players, market segments, application areas, and market growth strategies.

Heat Insulating Films Market Report Highlights

Aspects Details
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Market Size By 2031

USD 15.8 billion

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Growth Rate

CAGR of 5%

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Forecast period

2021 - 2031

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Report Pages

457

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By Type
  • Endothermic Films
  • Reflective Films
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By End-Use Industry
  • Commercial Building
  • Residential Building
  • Automotive
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Bleher Folientechnik GmbH, Toray Industries, Inc., Saint Gobain, UBE Corporation, 3M, Singleton Group, AVERY DENNISON CORPORATION, Johnson Window Films, Inc., Cosmo Films Ltd, DuPont

Analyst Review

Climate change is challenging for thermal protection in commercial buildings. To overcome this issue, heat insulating films are used specifically at the windows or any other opening of commercial buildings. Heat insulating films improves cooling efficiency in summer and heating efficiency in winter. The increase in the usage of vehicles for transportation has boosted the automotive heat insulating films industry as these films ensure safety and privacy. Heat insulating films are attached to the window of the automotive, which does not change the appearance of vehicle and makes it more comfortable. Heat insulating film blocks the heat and reflects UV rays, thus allowing comfort inside the automotive cabin. In addition to that, heat insulating films has shatterproof capability that reduces the scattering of shards of glass after a fracture of glass, which not only makes the car interior more comfortable however also provides safety. Temperature imbalance inside commercial buildings is caused due to excessive heat transfer and heat loss that occurs through large windows. However, HVAC systems are used to maintain the temperature inside commercial spaces and buildings. These systems are cost driven thermal insulation products. Commercial window heat insulating films are cost-effective products available in the market. These films are retrofit heat insulating products that are installed on the commercial building windows. Commercial window heat insulating films are capable of reducing heat transfer and heat loss, thus the temperature inside the commercial building spaces can be controlled without using HVAC systems.

Author Name(s) : Chidanand Vijaykumar Bilagi | Eswara Prasad
Frequently Asked Questions?

Natural light and proper airflow is utmost important across buildings for ensuring  proper comfort level. However, large windows allow high amount of heat trapping inside the building. Reflective heat insulating films are applied on the outer surface of windows allowing proper control of natural light and heat transfer. All these factors have escalated the demand for reflective film in the building and construction industry. In addition, these films are capable of reflecting sun’s infra-red rays while allowing absorption of UV rays. These are the upcoming trends of heat insulating films market in the world

Residential building is the leading application of heat insulating films market

Asia-Pacific is the largest regional market for heat insulating films

The global heat insulating films market was valued at $9.8 billion in 2021, and is projected to reach $15.8 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.

DuPont, Toray Industries Inc., 3M, Cosmos Films Ltd., and Avery Dennison Corporation afre the top companies to hold the market share in heat insulating films

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Heat Insulating Films Market

Global Opportunity Analysis and Industry Forecast, 2021-2031