The global solar control window film market is projected to
reach USD 849.2 million by 2024, according to a new report by Grand View
Research, Inc. Growing construction and automotive industries are expected to
fuel the growth of the solar control window films industry.
Solar control window films are
installed on windows of buildings and vehicles in order to block harmful IR and
UV rays. Installation of these films helps restrict the use of air conditioners
which, in turn, lowers the emission of harmful gasses from these appliances.
The construction segment
dominated the market in terms of application in 2015. It accounted for 57.4% of
solar control window film market in 2015. Growing construction activities in
the Asia Pacific and MEA are providing the necessary momentum to the growth of
the market. Regulations regarding energy consumption and conservation
particularly in commercial buildings have further increased the demand for
solar control window films.
Browse full research report on Solar Control Window Film
Market: http://www.grandviewresearch.com/industry-analysis/solar-control-window-film-market
Further key findings from
the report suggest:
- Among applications, the construction segment held the
largest share and is projected to grow at the highest CAGR of 6.2% during
the forecast period. Increasing construction spending, especially in
emerging regions such as Asia Pacific and MEA is expected to drive this
segment over the forecast period. The construction industry in the U.S.
has witnessed an upward surge, which has further increased the demand for
the product in this segment.
- Vacuum coated films are projected to grow at the
highest rate of 6.1% from 2016 to 2024, owing to their ability to block
the fatal UV rays effectively. The metal content in these films reflects
the sun rays and keep the interiors of buildings and vehicles cooler and
prevent them from fading, making them more popular than dyed and clear
films.
- Asia Pacific was valued over USD 170 million in 2015
and held the largest share in the global market. It is also projected to
be the fastest growing region from 2016 to 2024, with a CAGR of over 6%
courtesy growing construction and automotive industries. Emerging
countries such as India, South Korea, and Indonesia have witnessed
tremendous growth in both, construction and automotive sectors. Also, as
the weather in this region can get hot and humid, particularly during
summer, it is imperative to shield buildings and vehicles with solar
control films.
- The market is dominated by key players such as
Saint-Gobain SA (France), 3M Company (U.S.), Garware Polyester Limited
(India), and Eastman Chemical Company (U.S.). Apart from these, several
small and medium scale players are present in the market. These companies,
through R&D and strategic developments, aim to increase their market
shares. New product development was the most popular strategy adopted by
these players, which helped them expand their current product portfolio.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global solar control
window film market on the basis of product, application, and region:
Product Outlook (Volume, Million Square Feet; Revenue,
USD Million, 2013 - 2024)
- Dyed
Films
- Clear
Films
- Vacuum
Coated Films
Application Outlook (Volume, Million Square Feet;
Revenue, USD Million, 2013 - 2024)
- Construction
- Automotive
- Others
Regional Outlook (Volume, Million Square Feet;
Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment