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Solar Control Window Films Market Report Key Players: Otsuka Pharmaceutical Co., Ltd., Eli Lilly and Company, Pfizer Inc., AstraZeneca, Allergan USA, Inc., Novartis AG, GlaxoSmithKline, Takeda Pharmaceutical Company Ltd, Sebela Pharmaceutical Inc., Johnso

03-20-2020 04:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global market Insights

Solar Control Window Films Market

Solar Control Window Films Market

The main application areas of solar control window films market 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.

In 2015, solar control window films market from the construction application segment generated a revenue of USD 370 million and is poised to grow lucratively over the coming timeframe. The growth can be credited to the growing usage of glass to reduce the need of artificial light source and enhance appearance.

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Based on the absorbers, solar control window film market is bifurcated into inorganic, organic, and metallic absorbers. Metallic absorber market is anticipated to exhibit a CAGR of more than 11% over the coming seven years, owing to its extensive use across the various end-use sectors to address the dcor requirements of the infrastructures. Organic solar control window films market will collect a revenue of around USD 240 million by 2024.

Considering the product segmentation, solar control window films market is mainly divided into vacuum coated, dyed, high performance films, and clear window films. Vacuum coated solar control window films industry will record an annual growth rate of more than 11% over the coming years of 2016 to 2024, primarily driven by its key properties such as consistent coating and high reflectivity.

Global solar control window films market is segmented into key geographical regions like North America, Latin America, APAC, MEA and Europe. North America, led by U.S. solar control window films market share, contributed more than $155 to total industry share for 2015. Growing health consciousness along with increasing requirement for power savings is predicted to promote regional industry expansion.

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APAC, led by China and India, is predicted to touch $541 million mark by end of forecast timeline. Expanding automotive and construction industries along with large scale modernization in the region is predicted to propel industry development by end of 2024. Europe solar control window films market share is predicted to witness steady gains in next few years.

Key industry players profiled in the solar control window films market report include Vista Windows Films, CPF Films, Solar Control Films Incorporation, Llumar Window Films, Thermolite, Solar Gard - Saint Gobain, 3M, Johnson Window Films, Deposition Technology Innovations, Eastman Chemical Company, Decorative Films LLC, Polytronix Incorporation, Madico Incorporation, Solamatrix Incorporation, CHB Industries, Garware Suncontrol and Pleotint LLC.

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