Asia-Pacific Solar Control Window Films Market - Segmented by Film Type, Absorber Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Asia-Pacific solar control window films market is expected to grow at a significant rate during the forecast period (2018 - 2023). The market is expected to increase rapidly in the emerging economies due to the increase in demand from the real estate sector.
Solar control window films are manufactured mainly from polyethylene terephthalate (PET), a common thermoplastic resin belonging to the polyester family. They are used because of their excellent optical properties and strength. The raw material, PET, is in the form of pellets which are melted and stretched biaxially into polyester sheets to be processed according to its applications.
Rising Demand in the Construction Sector
The construction industry, which includes commercial and residential buildings construction, accounts for the major share in the solar control films market. These window films have been extensively used in commercial and residential buildings, as a protective sheet installed on the windows. These window films serve a wide variety of purposes, like providing protection against damaging ultraviolet radiations that can cause fading of fabrics, furnishings, or display articles, blocking glare, reducing heat within a building, lowering energy costs by reducing air conditioning needs, and providing privacy while making buildings look attractive. Varied levels of insulation are also available that assists in keeping the energy usage under control in any kind of climate. They also play a major role in enhancing the home exterior and appearance. Due to their advanced benefits, they are preferred more as compared to other types of films.
Asia-Pacific to expand at a Fastest Rate
The demand of the Asia-Pacific market is expected to show the fastest growth from the South Korea and China region. The growing popularity of the passive house concept in Asia-Pacific creates a huge demand from the construction industry, followed by the automobile industry. The energy efficiency objectives set by countries, like South Korea, account for a significant use, thereby, increasing the market demand in the region. However, there are many local players, who offer competitive products at lower prices, in direct competition to the established players.
Key Developments in the Market:
Feb 2018: Vacuum Depositing Inc., a fully owned subsidiary of Lintec Corporation and a leader in the roll-to-roll deposition of evaporative, sputtered, and dielectric coatings on flexible substrates, announced an expansion of its manufacturing capabilities under the leadership of a new management.
Major Players: 3M, Saint Gobain, Eastman Chemical Company, Polytronix Inc., and Purlfrost, among others.
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To identify the countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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