Global Electrochromic Materials Market Size, Share & Trends Analysis Report, By Material:(Metal Oxides, Viologens, Conducting Polymers, Prussian Blue, and Others) By Application:(Automotive Rear View Mirrors, Smart Glass Windows, Displays, and Others) By End Use:(Automotive and Transportation, Electrical and Electronics, Building and Construction, Aerospace and Defense, and Others), By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2024 – 2032
  • Published Date: Jan, 2024
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  • Pages: 200
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  • Report Summary
  • Table of Contents
  • Segmentation
  • Methodology
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Global Electrochromic Materials Market was valued at US $ 4.02 billion in 2023 and is expected to reach US $ 8.10 billion by 2032 growing at a CAGR of 20.11 % during the forecast period 2024 – 2032. With the use of glass and film growing in all areas, there is a consequent rise in demand for electrochromic materials. Raising public awareness of UV-light radiation resistant coating products and glass will also lead to growing demand for the industry's electrochromic materials over the near term. In addition, strict carbon dioxide (CO2) emissions standards in many countries are putting tremendous stress on auto companies to produce lightweight vehicles with better energy efficiency. This trend is also driving demand in the market for electrochromic materials, and will help boost overall growth of the industry during forecasted years.

The Electrochromic Materials Market Trend Analysis

The world market for electrochromic materials today is dominated by nanoparticles which offer superior functional range, chromatic contrast and switching speed as well an ever-growing number of variations in colour adjustment. In addition, manufacturers are incorporating nano-quality attributes into electrochromic materials to make smart windows prettier and more practical. Samples include nanowire array structures that take violin and crystalline WO3 (tungstic anhydride, Zn0) as the main Materials such as tungsten oxide wood Pure titanium dioxide Ti02 does not change colour when exposed to sunlight or light per coming year

Segmentation Analysis of the Electrochromic Materials Market

By Material Type

The most common materials used in 2019's electrochromic devices were metal oxides. Science books relies on thin films made mostly of metal oxides, because the materials are highly stable photochemically. Cerium, chromium and cobalt Cu Ir Mn Mo Ni Nb Pd Pr Rh Ru Ta Ti T W V EC transition metal oxide thin films that change their optical transissions due to charge injection or extraction. These substances can also be embedded between the layers of a multilayer device with low levels of electricity being sent through them to modulate their optical properties. Thus, research and development is continuing into how these “ smart ” windows featuring electrochromic films at the leading edge of energy conservation for buildings can be put to use. Therefore, demand for electrochromic materials will be dependent on developing sales of metal oxide products over the forecast period.

BY APPLICATION

The largest market segment within the electrochromic materials field in 2019 was automotive rearview mirrors. As such, it has been used widely in automotive rear-view mirrors. They often use EC materials because of various attributes they offer over traditional (nonworm) rear-view mirror systems, including enhanced visibility, no need to be manually adjusted by the driver and more). An electrochromic rearview mirror darkens itself when light shines from behind. Consequently, electrochromic rearview mirrors that block out the sun in a moving vehicle are popular with automakers. In many countries, increasing population density and growing urbanization are leading to rapid expansion of automotive activity. These factors have created a very healthy economic environment for such business in the Asia Pacific region today as well. According to OICA, the production of light commercial vehicles in the APAC region grew 10.2 % last year. Therefore, along with the rise in automotive production will come a demand for various parts; this will have an impact on Electrochromic Materials Market growth as well.

BY END-USER

In 2019, electrochromic materials were mainly applied to products in the automotive and transportation industry; revenue from this segment is expected at a CAGR of 4.7 % over five years (2020 2025). Automotive EC windows contain electrochromic materials, which darken and brighten when an extremely low electrical potential is applied to it. The rise of intelligent automotive glass will be assisted by safety, comfort and energy savings. While these factors are by no means new to the auto industry, constant technological advances enable smart glass makers to create additional demand for their products. Because of their variable propagation, they are capable of producing a certain quantity of visible light and solar energy. Improvements in indoor comfort and energy efficiency are also promises that these windows can deliver. EC windows are a high-technology product that can be used in the automotive industry. Therefore, the predicted forecast period's growth of this market is attributed to growing demand from automotive and transportation industries.

Regional Analysis of the Electrochromic Materials Market

According to market projections, Europe is expected to continue commanding 33 % of the electrochromic materials market from now until 2025. He predicts that the use of electrochromic materials in Europe will be maintained by demand from the automotive and transportation, building and construction, aerospace and defense industries. Germany, France and the United Kingdom currently lead Europe's market for electrochromic materials. According to figures released by the Office for National Statistics, in June 2020 Great Britain's construction production expanded at a record pace of 23.5 %. That was a big jump over the previous record monthly growth of 7.6 percent, in May of last year (2020). Total 2019 sales volume in the French aerospace industry reached EUR 74.3 billion, up by eleven percent from last year. We got this information from the International Trade Administration. Consolidated details showed that 84 percent of revenues came from the aerospace and defence sector, while 73 per cent was accounted for by the civil sector. In 2019, orders reached a high of EUR 6l.9 billion--a slight rise on the previous years 'totals. Therefore, fueled by the growth of various downstream industries in this region the demand for electrochromic materials will be driven during forecast period.

Top Key Players

  • GENTEX CORPORATION
  • Saint-Gobain
  • View, Inc.
  • ChromoGenics
  • EControl-Glas GmbH & Co. KG

Key Industry Developments in the Electrochromic Materials Market

  • The 'WONDERLITETM Dx' light control glass, developed by AGC, Inc. for the panoramic sunroof of the Toyota Harrier, was introduced in June 2020.

Report Components Details
Base Year 2022
Forecast Period 2021-2029
Quantitative Units Revenue in US $
Segments Covered By Material: Metal Oxides, Viologens, Conducting Polymers, Prussian Blue, Others; By Application: Automotive Rear View Mirrors, Smart Glass Windows, Displays, Others; By End Use: Automotive and Transportation, Electrical and Electronics, Building and Construction, Aerospace and Defense, Others
Countries Covered U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America
Market Players Covered GENTEX CORPORATION, Saint-Gobain, View, Inc., ChromoGenics, EControl-Glas GmbH & Co. KG

Table of Contents

  1. Introduction Of Global Electrochromic Materials Market
    1. Overview of the Market
    2. Scope of Report
    3. Assumptions
  2. Executive Summary
  3. Research Methodology
    1. Data Mining
    2. Validation
    3. Primary Interviews
    4. List of Data Sources
  4. Global Electrochromic Materials Market Outlook
    1. Overview
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    3. Porters Five Force Model
      1. Bargaining Power of Suppliers
      2. Threat of New Entrants
      3. Threat of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power among Buyers
    4. Value Chain Analysis
  5. Global Electrochromic Materials Market, By Material
    1. Overview
    2. Metal Oxides
    3. Viologens
    4. Conducting Polymers
    5. Prussian Blue
    6. Others
  6. Global Electrochromic Materials Market, By Application
    1. Overview
    2. Automotive Rear-View Mirrors
    3. Smart Glass Windows
    4. Displays
    5. Others
  7. Global Electrochromic Materials Market, By End Use
    1. Overview
    2. Automotive and Transportation
    3. Electrical and Electronics
    4. Building and Construction
    5. Aerospace and Defense
    6. Others
  8. Global Electrochromic Materials Market, By Region
    1. North America
      1. U.S.
      2. Canada
    2. Europe
      1. Germany
      2. U.K.
      3. France
      4. Rest of Europe
    3. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Singapore
      6. Malaysia
      7. Australia
      8. Thailand
      9. Indonesia
      10. Philippines
      11. Rest of Asia Pacific
    4. Others
      1. Saudi Arabia
      2. U.A.E.
      3. South Africa
      4. Egypt
      5. Israel
      6. Rest of Middle East and Africa (MEA)
      7. Brazil
      8. Argentina
      9. Mexico
      10. Rest of South America
  9. Company Profiles
    1. GENTEX CORPORATION
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    2. Saint-Gobain
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    3. View, Inc.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    4. ChromoGenics
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    5. EControl-Glas GmbH & Co. KG
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News

Global Electrochromic Materials Market Segmentation

Electrochromic Materials by Material: Market Size & Forecast 2024-2032

  • Metal Oxides
  • Viologens
  • Conducting Polymers
  • Prussian Blue
  • Others

Electrochromic Materials by Application: Market Size & Forecast 2024-2032

  • Automotive Rear-View Mirrors
  • Smart Glass Windows
  • Displays
  • Others

Electrochromic Materials by End Use: Market Size & Forecast 2024-2032

  • Automotive and Transportation
  • Electrical and Electronics
  • Building and Construction
  • Aerospace and Defense
  • Others

Electrochromic Materials by Geography: Market Size & Forecast 2024-2032

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • GENTEX CORPORATION
  • Saint-Gobain
  • View, Inc.
  • ChromoGenics
  • EControl-Glas GmbH & Co. KG

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