Electrochromic Materials 2022-2026: Driver and Challenge Analysis
Increased use in the automobile industry is one of the key factors driving the global electrochromic materials market growth. The automotive industry is a big market with great development potential in terms of the demand for electrochromic glass and films. These glasses are being increasingly deployed in doors, windows, sunroofs, and rearview mirrors to offer improved control over light and heat emission. This also lowers the vehicles’ cooling and lighting expenses. In addition, the development on electric cars will also gain traction in the upcoming years, mainly in Europe, China, and the US. Electric cars also deploy smart glasses manufactured from electrochromic materials. Thus, rising development of electric cars will further drive the electrochromic materials market’s growth during the forecast period.
However, drawbacks in conventional materials and their high processing cost will hinder the market’s growth during the forecast period. The benefits of electrochromic windows have yet to be exploited on a…
