Electrochromic Materials Market, Trends & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Electrochromic
Materials Market. Electrochromic Materials Market
Insights The electrochromic materials market is
expected to grow at a high CAGR during the
forecast period. Technically, it is an
amalgamation of chromogenic materials which
responds to heat and light intensity and alters
its transparency accordingly. In the electronics
industry, it is commonly known as dynamic glass
which offers various benefits such as control,
on-demand privacy and energy efficiency.
Electrochromic materials possess various
properties such as evocation, bleaching of color
and change affected either by sufficient
electrochemical potential or by electron transfer
process. Material or glass can change its
property from transparent to translucent,
blocking some wavelengths of light and heat
intensities. Technological advancement is
expected to boost the demand for electrochromic
material in various applications such as
hospitals, internet of things and others.
Increasing number of manufacturing bases or
plants across the region is expected to boost
the growth of the market over the forecast
period. Other factors expected to boost the
market is increasing automotive production and a
significant increase in building and
construction industry across the region. However,
there are some restraints which are creating
barriers to the growth of markets such as lack of
awareness about the material amongst the
architects and builders, high cost of
electrochromic materials and slower
responsiveness to bigger glass surfaces as
compared to the smaller sized glasses are some of
the key factors restraining the growth of the
market.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Electrochromic Materials Market By
Type The electrochromic materials market can be
segmented based on basis of type into transition
metal oxides, polymers, Nanocrystals, reflective
hydrides, and viologens. Viologens is the recent
development in the electrochromic materials
market. Various big players such as Gentex are
using this material for rearview mirrors and
windows. Growing automotive production
manufacturers have boosted the demand for
viologens in the market. Electrochromic
Materials Market By Application The
electrochromic market can be segmented based on
the application type into windows, mirrors, and
displays. The automobile rearview mirror segment
is anticipated to be the largest contributor to
the market revenue share. Consumption volume for
the segment is contributing more than half of
market share and is expected to hold its
dominance during the forecast period. Some of the
factors which are driving the growth of the
market are increasing demand for automobiles,
growing business and construction
industry. Electrochromic Materials Market By
End User Based on the End User segment the
electrochromic materials market can be divided
into construction, transportation, retail,
hospitality, defense, and other industries.
Presently transportation industry holds the
largest market share in terms of volume and
value. The reason behind such growth is
increased automobile manufacturing plants. In the
transportation industry, electrochromic material
is used in rearview mirror, windows, sunroofs,
and doors. The growing market share of
electrochromic material in the transportation
industry is owed to various properties that
material possesses such as change, evocation, and
bleaching of color. The material is mostly used
for the manufacturing of sunroofs which provides
good control over light and heat emission and
also offer cost saving benefits. The
construction industry is estimated as the second
highest growing sector after transportation. It
is anticipated that growing concerns about energy
savings amongst the people for adopting new
technologies will boost the market for
electrochromic material in the industry during
the forecast period.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Electrochromic Materials Market Regional
Insights North America is dominating the
electrochromic materials market, with the U.S.
contributing its majority share. North America
was accounted as the largest region in terms of
market revenue share for electrochromic
materials market. The region's dominance can be
attributed to the various factors one of them
being the presence of a large number of key
automobile manufacturers in the region. Other
factors boosting the market growth in the region
are growing construction industries, rising
concerns about environmental effects and various
government initiatives to increase the
investments in order to come up with innovative
and high standard products are fueling the growth
in the region. The Asia Pacific market for the
electrochromic material is projected to witness
strong growth during the forecast period.
Factors behind this growth are growing automotive
and construction industry in countries such as
China, Japan, and India with regular investments
by both public and private party to come up with
an innovative product. It is expected that the
region will grow at a high CAGR during the
forecast period. Electrochromic Materials
Market End-Use Landscape The end-use landscape
entails a list of current and prospective
consumers prevailing across the regions. This
section provides company addresses, contact
details, products, and regional presence of
companies who are purchasing or are likely to
purchase electrochromic material over the coming
years. Some companies which are currently using
electrochromic material and are likely to use in
the future are Ford Motors, Hyundai, Jeep,
Toyota, Honda, and others.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Electrochromic Materials Market Vendor Landscape
• The report contains a chapter dedicated to
  vendors operating in the market, covering raw
  material manufactures, equipment developers,
  manufacturers, and distributors. The report
  provides these insights on a regional level.
  This section of the report entails contact
  details, experience, products manufactured/suppli
  ed, and geographical presence of companies.
• Electrochromic Materials Market Share
  Competitor Analysis
• Some of the key players operating in the
  electrochromic materials markets are SAGE
  Electrochromics, RavenBrick LLC, Asahi Glass
  Company, Gentex Corporation, Magna Glass and
  Window, PPG Industries, Guardian Industries,
  ChromoGenics AB, and View, Inc.
• In 2018, ChromoGenics AB a Swedish company has
  signed an agreement with Regal Forvaltning AB to
  deliver converlight dynamic glass.
• In September 2018 Audi e-tron will be the first
  model which will feature vehicle integrated toll
  module technology, which will allow the car to
  communicate and interact with its environment.
  They have already placed an order to the Gentex
  Corporation.
• The report segments the Electrochromic Materials
  Market on the basis of By Type
• Polymers
• Nanocrystals
• Viologens

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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• By End users
• Construction
• Transportation
• Retail
• Hospitality
• Defense
• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa

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Electrochromic Materials Market Forecast to
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