DUBLIN--(BUSINESS WIRE)--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
