San Francisco, Sep 26 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:
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: 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
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-solar-control-window-film-market
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.
For more information:
www.grandviewresearch.com
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