The global gazing for automotive market is projected to grow at a massive pace over the forecast period. The market is expected to rise due to an expanding automotive industry. The expansion of the automotive sector leads to the increasing demand for safety, security, and comfort while driving the vehicle and offers opportunity to fulfill the same. Additionally, the growing popularity of cars with sunroof systems is anticipated to positively influence the global market.
Aside from these, the global market is also expected to grow due to numerous other reasons. Market Research Future (MRFR) reports some of them in its recently released statement. Technological advancements in regard to the use od new raw materials like polycarbonate and the replacement of traditional glass are anticipated to strongly ignite the growth of the market. The advanced glazing for automotive even offers significant results like high performance and superior appearance for the customers. The advantages offered by these advanced glazing process also strikingly contributes to the overall growth of the market. It helps in curbing down carbon dioxide emissions and keeps the environment safe, clean, and healthy unlike other alternatives. Add to this, an influx of new trends in automobiles has propelled the global market forward and opened new opportunities for the future. It is stated by MRFR that the global glazing for automotive market will garner a notable CAGR percentage over the forecast period between 2017 and 2023.
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Market Segmentation
The global glazing for automotive market segmentation is broken down in terms of vehicle type, application, and advanced application.
By application, the market segments into sunroof, backlight, sidelite, and lightening.
By vehicle type, the market divides into off-highway vehicles and on-highway vehicles.
By advanced application, the market includes sun control, large wide-screen, HUD, and hydrophobic glazing.
Competitive Landscape
A considerable number of players operate in the global glazing for automotive sector. Some of the identified names by MRFR are as follows: Guardian Industries Corporation, Pilkington Group Limited, Asahi Glass Co Ltd., Research Frontiers, Central Glass Co. Ltd., American Glass Products, NordGlass, Fuyao Glass Industry Group Co. Ltd, Nippon Sheet Glass Company Ltd., Pittsburgh Glass Works, LLC, and others. The players bring forward new developments and innovation to edge past their competitors and establish their name in the global landscape.
May 31st, June, Sabic made an announcement concerning the introduction of a new polycarbonate sheet material to its ever-expanding automotive glazing portfolio. Named as Lexan Margard FHC10, it is engineered to go in accordance to the strict requirements of ECE R43.
Regional Analysis
The global glazing for automotive market is regionally distributed among the following regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The glazing for automotive market, as mentioned above, is expected to grow at rapid pace over the forecast period. Much of the growth of the global market can be attributed to Asia Pacific. The region heads the global charts with the largest share of the market and is expected to maintain its stronghold over the market in the coming years as well. This is due to the high production rate of vehicles therein and the growing demand for sunroof.
Another key region in the global glazing for automotive market landscape is North America. The region holds the second largest position globally in terms of market share and is anticipated to grow at a significant pace over the forecast period. This is due to the fast-paced adoption of new technologies and the rapid scale usage of advanced automotive requirements.
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LIST OF TABLES
TABLE 1 GLOBAL GLAZING FOR AUTOMOTIVE MARKET, BY APPLICATION
TABLE 2 GLOBAL GLAZING FOR AUTOMOTIVE MARKET, BY ADVANCED APPLICATION
TABLE 3 GLOBAL GLAZING FOR AUTOMOTIVE MARKET, BY VEHICLE TYPE
TABLE 4 GLOBAL GLAZING FOR AUTOMOTIVE MARKET, BY REGIONS
TABLE 5 NORTH AMERICA GLAZING FOR AUTOMOTIVE MARKET, BY COUNTRY
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LIST OF FIGURES
FIGURE 1 RESEARCH APPLICATION
FIGURE 2 GLOBAL GLAZING FOR AUTOMOTIVE MARKET: BY APPLICATION (%)
FIGURE 3 GLOBAL GLAZING FOR AUTOMOTIVE MARKET: BY ADVANCED APPLICATION (%)
FIGURE 4 GLOBAL GLAZING FOR AUTOMOTIVE MARKET: BY REGION
FIGURE 5 NORTH AMERICA GLAZING FOR AUTOMOTIVE MARKET, BY APPLICATION (%)
Continued…….
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