Fior Markets launched a study titled“Global Automotive Glazing Market by Product (Tempered Glass, Laminated Glass, Polycarbonate Glass), Application, End Use, Regions”,and Global Forecast 2018-2025.
The global automotive glazing market is expected to grow from USD 23.69 Billion in 2017 to USD 34.13 Billion by 2025, at a CAGR of 4.67% during the forecast period from 2018-2025.Increasing demand for lightweight automobile components with improved impact resistance and mechanical strength are expected to drive the market growth.
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Laminated glass segment had a market value of USD 11.08 billion 2017
Product segment is divided into laminated glass, polycarbonate glass and tempered glass. Owing to its widespread use in the production of the windshields due to its high impact resistance and improved safetyproperties, laminated glass segment emerged as the leader in global automotive glazing market with USD 11.08 billion revenue in 2017.Polycarbonate segment is projected to progress at the highest CAGR of 6.89% over the forecast period. Properties of polycarbonate glass such as high impact resistance, heat resistance are anticipated to be the propelling factors for this increased growth rate.
Sunroof segment is anticipated to grow at a CAGR of 8.97% in 2018-2025
Application is segmented into front windshield, rear windshield, sidelites and sunroof. Growing demand for animproved protection against the forces of nature and frontal impact in case accident arethe driving factors for the demand of the front windshields. Thus front windshield segment emerged the dominating segment with USD 8.12 billion revenue in 2017. Rising consumer preference for the cars with preinstalled sunroofs is anticipated to drive sunroof segment to grow at a CAGR of 8.97% over the forecast period.
Passenger segment had a market value of USD 17.20 billion in 2017
End use is categorized into passenger cars, light commercial vehicle and heavy commercial vehicle. Increasingglobal demand for the passenger cars with advanced safety features led passenger car segment to emerge as the leader with USD 17.20 billion revenue in 2017. Owing to growingutilization of polycarbonate glass in for the reducing the overall weight of the vehicle, Heavy commercial vehicle segment is projected to grow at a steady paceover the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa.There has been increasing demand for the passenger as well as light and heavy commercial vehicles from the Asia Pacific region. This increase in demand can be attributed to rising per capita disposable income as well as rapid industrial and commercial development in the region. Thus Asia Pacific region emerged as the dominant market for automotive glazing with USD 7.64 billion revenue in 2017.
Major players in the global automotive glazingmarket are Nippon Sheet Glass Company Limited (NSG), Saint Gobain S.A.,Fuyao Glass Industry Group Co., Ltd., AGC Glass, Asahi India Glass Ltd., Pilkington, Covestro, Corning Inc., The Gurdian Company, Shatterprufe, SABIC, Teijin, Webasto, Freeglass, Mitsubuishi, Trinseo, Chi Mei Corporation, KRD Sicherheitstechnik, Idemitsu, among others.
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