Asia-Pacific, led by China and India, solar control window films market size will witness robust growth during the forecast period. 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 industry share is predicted to witness steady gains in next few years.
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 industry 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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Global solar control window films market is segmented into various absorbers like metallic, organic and inorganic. Metallic absorber segment is predicted to register CAGR of more than 11.1% during forecast timeline. They substantially reflect rays of sun helping in minimizing power expenditure owing to ingress of low heat. Organic absorber segment is predicted to touch $241 million mark by end of forecast period.
The solar control window films market is segmented into different applications like automotive application, marine application, graphics and construction application. Automotive application is predicted to register more than 11.1% CAGR in terms of revenue. Automobiles during day are tremendously exposed to sun light and this raises interior temperature causing additional burden on air conditioning system which impacts fuel consumption later. Solar films maintain the inside temperature by reflecting ultraviolet rays of sun. This application can favorably affect industry growth.
Solar control window films market in marine application is predicted to cross $111 million mark by end of 2024 and register CAGR of more than 11.1%. Ships are exposed to harmful sun rays during sail and these films can help in preventing passenger headache problems. Further, they also help in protecting maritime electronics, mobiles and audio devices from harmful effects of ultra violet rays of sun.
Global Solar Control Window Films Market size was evaluated at more than $641 million for 2015 and is predicted to register CAGR of more than 11.1% during forecast timeframe. Increasing global efforts to minimize carbon foot print is anticipated to favorably affect product demand in commercial as well as residential constructions.
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