“Asia-Pacific Solar Control Window Films Market Share – Growth, Trends, And Forecast (2019 – 2024)”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Major Companies Include are:
3M, Saint Gobain, Eastman Chemical Company, Polytronix Inc., Purlfrost and others.
The Asia-Pacific solar control films market is expected to reach USD 164.652 million by the year 2020 from the current market of USD 91.05 million in 2015 with a CAGR of 12.58%.
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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.
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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.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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