North America Solar Control Window Films Market - Segmented by Product Type, Application and Geography - Growth, Trends and Forecasts (2018 - 2023)
The North America solar control window films market is estimated to register a CAGR of 11.72%, during the forecast period, 2018-2023. The United States is expected to dominate the region in terms of revenue owing to the increasing health awareness in the country. Construction to be the major end-user industry in the market.
Growing Emphasis on Reducing Carbon Footprint
In order to improve the energy efficiency of both, residential and commercial buildings, the government and construction industry are taking steps to reduce the overall energy consumption. For instance, in the United States, automotive ACs alone use 7 to 10 billion gallons of gasoline per annum. In the wake of growing awareness regarding reducing the carbon footprint, consumers are opting for energy-efficient ways, which, in turn, will help in reducing the dependence on air-conditioners, such as solar control panels. The usage of solar control window films can efficiently help in reducing the usage of air conditioners, as they help in keeping the interiors cool in buildings and automobiles. These factors are driving the market for solar control window films market in the region.
Construction to be the Largest End-user Segment
Solar control window films are majorly used in the construction sector due to their ability to reflect the heat coming from the solar radiation and maintain a comfortable ambience in terms of temperature inside the structure or building. In North America, especially the United States, the construction market has grown during the past years and has increased the solar control window films demand in the region. Under the construction sector, solar control window films are mostly used in commercial and residential buildings.
United States to be the Major Market in the Region
Owing to a change in ozone layers, population in the United States is increasingly getting vulnerable to skin cancer ailments. The awareness that exposure to UV rays causes cancer is driving the consumer sentiments to consider solar control products, including windows. Moreover, with expenditures reaching over USD 1,162 billion, the United States is one of the largest construction markets, worldwide. Energy efficiency of buildings is a major concern for the developers. Building Energy Codes Program of the United States plays a major role in implementing energy efficient techniques, like use of Solar control window film, for its energy saving advantage.
Major Players: 3M, Saint Gobain, Eastman Chemical Company, Purlfrost, and Plyronix Inc. among others.
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the trend of end-user industries
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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