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The Automotive Glazing Market is Estimated to be $1.4 Billion in 2018 and is Projected to Reach $2.7 Billion by 2025, at a CAGR of 10.13% - ResearchAndMarkets.com

May 21, 2019

DUBLIN--(BUSINESS WIRE)--May 21, 2019--

The “Automotive Glazing Market by Polycarbonate-Application , Advanced Applications, Vehicle Type, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The study estimates and projects the automotive glazing market, by application (windscreen, sidelite, backlite, sunroof, rear quarter glass, and lighting application (exterior)), vehicle type (passenger car, bus, truck, and LCV), electric and hybrid vehicle type (BEV, PHEV, and HEV), off-highway vehicle type (agricultural tractors and construction equipment), and region (Asia Oceania, Europe, North America, and RoW).

The regional market for Asia Oceania is further segmented into India, Japan, China, South Korea, and the Rest of Asia Oceania. Europe is segmented into Germany, UK, France, Italy, Spain, Russia, and Rest of Europe. North America is segmented into the US, Mexico, and Canada whereas the RoW is segmented into Brazil and South Africa.

Asia Oceania is projected to hold the largest market share and is projected to grow from USD 656.5 million in 2018 to USD 1,310.7 million by 2025, at a CAGR of 10.38%. Factors such as increasing vehicle production and increased demand for premium vehicles have triggered the demand for the automotive glazing market in the region. China accounts for the largest market share of 27.63% of the global automotive glazing market, which can be attributed to the ever-growing production of passenger cars in the country and the use of polycarbonate in exterior lighting for all vehicle types.

Asia Oceania accounts for nearly 50% of the polycarbonate production in the world. The region is home to key OEMs such as Toyota, GLM, and Honda that have launched vehicles with polycarbonate glazing. For instance, Tommykaira ZZ adopted the first polycarbonate windscreen supplied by Teijin. These developments are expected to help Asia Oceania dominate the automotive glazing market in the near future.

The applications of polycarbonate comprise exterior lighting covers, sidelite, backlite, windscreen, sunroof, and rear quarter glass. The sunroof and rear quarter glass segments have a significant penetration of polycarbonate, while sidelite, backlite, and windscreen have a low penetration of polycarbonate. The front lighting application has 100% penetration of polycarbonate.

It is projected to be the largest segment, by application, in the global automotive glazing market and is projected to grow at a CAGR of 4.31%, by value, during the forecast period. The growth of front lighting is mainly driven by the dominance of polycarbonate in the automotive glazing market. All the vehicle types are equipped with polycarbonate lighting covers.

Market Dynamics

Drivers

  • Increased Focus on Lightweighting of the Vehicle
  • Better Flexibility for Advanced Designing Options in Glazing Technologies
  • Increasing Penetration of Sunroof
  • Increasing Installation Rate in Off-Road Vehicle

Restraints

  • Low Familiarity of the Engineers With Advanced Plastic Glazing
  • Volatile and High Cost of Polycarbonate

Opportunities

  • Potential Usage in Automotive Glazing Such as Windshield
  • Growing Market for Electric Vehicles
  • Clear A-Pillar

Challenges

  • Scratch Reduction
  • Changing Preconceived Notions About Polycarbonate Glazing

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.3 Primary Data

2.4 Market Size Estimation

2.5 Market Breakdown and Data Triangulation

2.6 Assumptions

3 Executive Summary

4 Premium Insights

4.1 Automotive Glazing - Global Market Trends

4.2 Automotive Glazing Market, By Application

4.3 Automotive Glazing Market, By Electric Vehicle

4.4 Automotive Glazing Market, By Off-Highway Vehicle

4.5 Automotive Glazing Market, By Vehicle Type

4.6 Automotive Glazing Market, By Country

4.7 Automotive Glazing Market, By Region

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

6 Industry Trends in Automotive Glazing Market

6.1 Introduction

6.2 The Advanced Applications

6.3 Scenario

6.4 Porter’s Five Forces

6.5 Revenue Impact

7 Automotive Glazing Market, By Off-Highway Vehicle

7.1 Introduction

7.2 Construction Equipment

7.3 Agricultural Tractors

8 Automotive Glazing Market, By Electric Vehicle

8.1 Introduction

8.2 Battery Electric Vehicle (BEV)

8.3 Hybrid Electric Vehicle (HEV)

8.4 Plug-In Hybrid Electric Vehicle (PHEV)

9 Automotive Glazing Market, By Application

9.1 Introduction

9.2 Windscreen

9.3 Sidelite

9.4 Backlite

9.5 Rear Quarter Glass

9.6 Sunroof

9.7 Front Lighting

9.8 Rear Lighting

10 Automotive Glazing Market, By Vehicle Type

10.1 Introduction

10.2 Passenger Car

10.3 Light Commercial Vehicle (Lcv)

10.4 Truck

10.5 Bus

11 Automotive Glazing Market, By Region

11.1 Introduction

11.2 Asia Oceania

11.3 Europe

11.4 North America

11.5 RoW

12 Competitive Landscape

12.1 Overview

12.2 Competitive Leadership Mapping

12.3 Competitive Benchmarking - Glazing and Polycarbonate Manufacturers

12.4 Competitive Benchmarking - Glass Manufacturers

12.5 Market Ranking Analysis

12.6 Competitive Situation & Trends

13 Company Profiles

13.1 Covestro

13.2 Freeglass

13.3 SABIC

13.4 Webasto

13.5 Idemitsu Kosan

13.6 Mitsubishi Engineering Plastics

13.7 Trinseo

13.8 Teijin

13.9 Chi Mei Corporation

13.1 KRD Sicherheitstechnik

13.11 Additional Company Profiles

13.11.1 AGC

13.11.2 Central Glass

13.11.3 Xinyi Glass

13.11.4 Guardian Industries

13.11.5 Nippon Sheet Glass

13.11.6 Fuyao Glass Industry

13.11.7 Saint-Gobain

13.11.8 Sumitomo Corporation

13.11.9 Evonik

13.11.10 Corning Incorporated

13.11.11 Sisecam Group

13.11.12 Shenzhen Benson Automobile Glass Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/xufatm

View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005443/en/

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Related Topics:Engineering Plastics,Automotive Body, Trim and Glass

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/21/2019 06:31 AM/DISC: 05/21/2019 06:31 AM

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