How is booming construction sector favoring solar control window films market outlook?

Augmenting temperature gradient as a result of global warming has enhanced the growth of solar control window films market size. Major application areas of solar control window films include construction, graphics, and automotive sectors. They are used in buildings as a protective shield from harmful UV rays and have witnessed exponential growth in deployment, which has fueled solar control window films industry growth.

According to the latest research report published by Global Market Insights Inc., solar control window films market share is likely to surpass a valuation of $1.71 billion by 2024at a CAGR of 11.5% over 2016-2024.

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How will  construction applications influence solar control window films industry trends over the coming years?

Construction sector is likely to be the largest revenue contributor to solar control window films market share. In 2015, construction applications accounted for more than $370 million of the total market share. The growth can be attributed to escalating adoption of solar control window films in commercial and residential building construction. Application of glass for aesthetic appearance and indoor lighting in retail stores has propelled solar control window films industry growth.

What will be the impact of automotive applications on solar control window films market outlook?

Solar control window films industry forecast report estimates that automotive applications will register the highest gains due to advancing automotive sector. In 2015, automotive applications contributed to around 25% share of overall solar control window films market. The segmental growth can be accredited to the rising demand for high efficiency in vehicles for reducing cabin temperature raised by solar rays.

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How is the metallic and organic absorbers segment anticipated to drive the growth of solar control window films market share?

In 2015, metallic absorbers accounted for more than $640 million revenue of total solar control window films industry share and is expected to showcase similar growth trends in the future. The growth can be attributed to the shifting interest of people towards improved style and decorations.

In 2015, organic coatings segment accounted for 35% revenue in overall solar control window films market size and is likely to grow at 10% CAGR over 2016-2024. Organic absorbers have found huge applications in safety films as they provide protection against glass shards.

How will Asia Pacific emerge as a major revenue pocket for solar control window films industry?

Asia Pacific solar control window films market share recorded more than 30% revenue of global share in 2015. The regional growth is driven by advancing construction and automotive sectors in the region. Countries, such as India, Japan, and China, have been witnessing rapid industrialization and increased investments in infrastructural projects. For instance, in 2015, China recorded spending of around $1.7 trillion in construction. The region has witnessed intensification in awareness regarding safety and security in commercial, automotive, and residential sectors.  

Which are the prominent solar control window films market participants?

Some of the notable solar control window films industry players are 3M, Solar Control Films Inc., Thermolite, Llumar Window Films, CPF Films, Johnson Window Films, and Vista Windows Films. Other major contributors include Eastman Chemical Company, CHB Industries, Madico Inc., Solamatrix, and Pleotint LLC.