Report Predicts Materials Sold into Smart Windows Sector will Reach $545 Million by 2019
GLEN ALLEN, VA - Revenues from smart windows in buildings and vehicles are growing, and according to a new report from NanoMarkets, an industry analysis firm, the value of the coatings, glass and other materials used by the smart (i.e., self-tinting) windows sector will be almost $ 545 million by 2019 growing to around $ 770 million by 2021.
In the past five years or so, smart windows have taken off in both the residential and commercial building markets. They are also increasingly used in automobiles and trucks. There are several different technologies for smart windows, but in all of these technologies, materials play an important role in one way or another. NanoMarkets believes that, as a result, there are important opportunities for materials firms that are emerging from the strong growth in this market.