Automotive Glazing Market to Register Substantial CAGR through 2025by David Johnson Top Market Research Company in US
Increasing demand and production of sunroofs and rear quarter glass-equipped premium vehicles across the globe to drive global automotive glazing market
According to TechSci Research report, “Global Automotive Glazing Market By Product (Tempered glass, Laminated glass, Polycarbonate),By Application (Front windshield, Sidelite, Rear windshield, Sunroof), By Vehicle Type (Passenger Cars, Light Passenger Vehicles, Heavy Commercial Vehicles), By Region, Forecast & Opportunities, 2025”, the global automotive glazing market is expected to witness steady growth during the forecast period owing to increasing demand for installation of sunroofs in automobiles and increasing use of polycarbonate glass. Additionally, rising production of automobiles, improving disposable income and availability of a wide range of models at varied price range are further expected to propel the growth of automotive glazing market.
Automotive glazing has the capability to customize vehicles with the use of a wide range of kits and tools. Air pollution and carbon emission issues are now a global issue and have had an indisputable impact on the automotive industry. Many countries have made it mandate for automobile industry to produce fuel-efficient vehicles. Hence, manufacturers are opting for automobile glazing, which also reduces the weight of vehicles, thereby making them more fuel-efficient. Additionally, technological advancements in glass with unbreakable properties along with superior scratch resistance has opened new horizons of growth for the automobile glazing sector. Adding to this, automobile manufacturers are incorporating UV protection, superior thermal and noise insulation features in glasses used for car windows which is a major attraction for car buyers. However, there are certain issues which might hinder the growth of automotive glazing market. High cost of polycarbonate glazing and strict regulations pertaining to the use of polycarbonate in automotive glazing are some major issues expected to restrict the growth of the market. Furthermore, the US and Europe have restricted the use of polycarbonate, and hence limiting the growth of automotive glazing industry in these regions.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on "Global Automotive Glazing Market"
The global automotive glazing market is segmented based on product, application, vehicle type and region. Based on product, the market is segmented into tempered glass, laminated glass and polycarbonate. The laminated glass segment holds major share in the automobile glazing market due to the ability of the glass to stay intact in the event of a crash. Sandwich polyvinyl butyral (PVB) interlayer are being used in innovative manufacturing process which further propels the demand for laminated glass.
Based on vehicle type, the global automotive glazing market is segmented into passenger cars, light passenger vehicles and heavy commercial vehicles. Among them, the passenger cars segment is estimated to hold major revenue share in the market during the forecast years owing to growing demand for passenger vehicles in both developed and developing economies. Moreover, growing demand for glass sunroofs and UV protection windshields in passenger vehicles is expected to further drive the growth of automotive glazing industry, globally.
Major players operating in the global automotive glazing market include Pilkington Group Ltd, Covestro AG,Webasto SE, Fuyao Glass Industry Group Co., Ltd., Saint Gobain S.A., Chimei Corporation, Nippon Sheet Glass Company Limited, Teijin Limited, Saudi Basic Industries Corporation (SABIC), AGC Glass, Corning Inc. and The Guardian Company. Leading market players are investing in research and development and are launching of new products to hold a dominant position in automotive glazing market around the world.
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“Technological advancements in automotive glazing industry is one of the major factors behind the robust growth of this market. Additionally, glass manufacturers are coming up with new kinds of glasses with advanced unbreakable properties. This serves as a lucrative opportunity for automotive glazing manufacturers to incorporate such materials and launch improved products in the global market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Automotive Glazing Market By Product (Tempered glass, Laminated glass, Polycarbonate), By Application (Front windshield, Sidelite, Rear windshield, Sunroof), By Vehicle Type (Passenger Cars, Light Passenger Vehicles, Heavy Commercial Vehicles), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of automotive glazing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive glazing market.
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Created on Apr 13th 2020 07:38. Viewed 139 times.