[October 25, 2016] |
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Global $849 Million Solar Control Window Film Market Analysis By Product (Clear, Dyed, Vacuum Coated), By Application (Construction, Automotive, Others) And Segment Forecasts To 2024 - Research and Markets
Research and Markets has announced the addition of the "Solar
Control Window Film Market Analysis By Product (Clear, Dyed, Vacuum
Coated), By Application (Construction, Automotive, Others) And Segment
Forecasts To 2024" report to their offering.
The global solar control window film market is projected to reach USD
849.2 million by 2024
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 wndow films.
Further key findings from the report suggest:
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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.
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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.
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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.
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The market is dominated by key players such as Saint-Gobain SA
(France), 3M (News - Alert) 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.
For more information about this report visit http://www.researchandmarkets.com/research/w4h2t2/solar_control
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025005835/en/
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