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Solar Control Window Films Market to showcase significant growth via automotive sector

Author : Ronak Bora | Published Date : 2019-03-22 

Solar Control Window Films Market growth is driven by increasing infrastructure investment along with rapid industrialization in developing nations will fuel the business landscape by 2024. Rising awareness towards safety and security in commercial, residential, and automotive sector will further stimulate the industry outlook. In July 2017, Government of UK announced to invest USD 1.94 billion in the infrastructure projects of the country.  

Geographically, Asia Pacific solar control window films market will generate a revenue of USD 540 million by 2024. The huge investment in the automotive and construction sector will augment the industry growth. India and China will be the major revenue contributors toward the development of the APAC market.

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North America solar control window films industry was worth more than USD 155 million in 2015 and will register substantial growth rate over the period of 2016 to 2024. High demand for energy conservation coupled with increasing health awareness are estimated to be the prime drivers of the regional growth. U.S. is projected to be the major regional revenue pocket.

The main application areas of solar control window films industry include the automotive, construction, and graphics sectors. Automotive applications will record an annual growth rate of more than 11% over the period of 2016 to 2024. The growth can be attributed to the usage of film coatings on automotive glasses to help reduce fuel consumption by minimizing the load on the vehicle’s air conditioning system. In response to this factor, the enormously expanding automotive industry will create huge growth prospects for the solar control window films market over the years ahead.

Enhanced safety and improved quality are some of the salient features which will positively influence the solar control window films market. The product provides a shield across glass which keeps the broken glass in place if any breakage occurs. Growing demand for alternative products including smart glass to reduce the cost for air conditioning, lighting, curtains, heating or blinding of the room may hinder the solar control window films market growth. However, high price of smart glass may curb the hindrance.

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Construction application in 2015, was valued at over USD 370 million in 2015 owing to its extensive application in the commercial and residential sector. Widespread product application across construction to increase the indoor lighting of the interiors with further propel the solar control window films market. Metallic absorber in 2015, was valued at over USD 640 million owing to increasing demand for improved glass designs coupled with rising decorative application.

Argentina solar control window films market in 2015, was valued over USD 20 million and is estimated to expand over 10% owing to its revised emissions reduction target. In November 2016, Argentina revised its Nationally Determined Contribution (NDC) which includes an emissions reduction target of 483 MtCO2e by 2030.

Vista Windows Films, Johnson Window Films, Solar Control Films, Garware Suncontrol, CHB Industries, Madico, Eastman Chemical Company, Pleotint LLC, Solar Gard - Saint Gobain, Decorative Films, Deposition Technology Innovations, Polytronix and Solamatrix.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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