Solar Control Window Films Market 2019: Global Remuneration to Hit USD 1.71 Billion by 2024

The growth curve of solar control window films market is expected to cross new horizons over the next few years, pertaining to the escalated product use in the construction activities carried out across the regions of Latin America and Asia Pacific. As per estimates, the expenditure on construction activities in China was more than USD 1.7 trillion in 2015 and is expected to rise further, which will boost the product demand across the construction sector in the region. Global Market Insights, Inc., claims solar control window films market revenue to hit USD 1.71 billion by 2024, having held USD 640 million in 2015.

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Solar control window films find wide range of applications across the graphics, marine, construction, and automotive sectors. Solar control window films market size in the automotive sector is expected to record a CAGR of 11% over the period of 2016-2024, owing to the product’s ability to maintain the vehicle cabin temperature through UV ray reflection. Construction applications, worth more than USD 370 million in 2015, are predicted to dominate the application landscape over the coming years. The rapid surge in the industry revenue can be attributed to the rise in the product demand across commercial as well as residential constructions.

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.

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.

Vacuum coated films, clear films, high performance films, and dyed films are the major solar control window film products. Vacuum coated solar control window films market, which led the product landscape in 2015, is projected to display a CAGR of more than 11% over the coming timeline. The product’s ability to provide excellent reflectivity and symmetrical coating will spur the industry revenue.

Solar control window films make use of metallic, organic, and inorganic absorbers to absorb the UV rays of the sun. Organic absorbers, which contributed over 35% toward global solar control window films market revenue in 2015, are forecast to grow at a rate of over 10% during 2016 to 2024. They are rampantly used in safety films to protect glass from cracking due to excessive heat. Metallic absorbers, worth USD 640 million in 2015, are set to expand at a rate of more than 11% over the next few years with its enhanced use across various decorative structures.

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The noteworthy participants in solar control window films market are Solar Control Films Inc., Thermolite, LLumar Window Films, Vista Windows Films, CPF Films, Johnson Window Films, Eastman Chemical Company, Polytronix, Inc., CHB Industries Inc., Madico Inc., Pleotint LLC, and Solamatrix, Inc.

Major Key Points from Table of Content:

Chapter 6. Solar control window films Industry Application Insights

6.1. Global Solar control window films market share by application, 2016 & 2024

6.2. Construction

6.2.1. Market estimates and forecast, 2013 – 2024

6.2.2. Market estimates and forecast, by region, 2013 – 2024

6.3. Automotive

6.3.1. Market estimates and forecast, 2013 – 2024

6.3.2. Market estimates and forecast, by region, 2013 – 2024

6.4. Marine

6.4.1. Market estimates and forecast, 2013 – 2024

6.4.2. Market estimates and forecast, by region, 2013 – 2024

6.5. Graphics or decorative

6.5.1. Market estimates and forecast, 2013 – 2024

6.5.2. Market estimates and forecast, by region, 2013 – 2024

6.6. Others

6.6.1. Market estimates and forecast, 2013 – 2024

6.6.2. Market estimates and forecast, by region, 2013 – 2024

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