Dublin, Feb. 07, 2019 (GLOBE NEWSWIRE) -- 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 automotive glazing market is estimated to be USD 1.4 billion in 2018 and is projected to reach USD 2.7 billion by 2025, at a CAGR of 10.13%.
The demand for automotive glazing is driven by the increasing production of passenger cars and SUVs. This can be attributed to the high penetration of sunroof and rear quarter glass in premium vehicles. However, the high pricing of polycarbonate is hindering the growth of automotive glazing market. Construction equipment is estimated to have the largest share in the off-highway glazing market. The construction equipment segment held the largest market, in terms of value, for off-highway glazing in 2018. This can be attributed to the largest sales of construction equipment as compared to agricultural tractors. Moreover, construction equipment has a higher penetration of polycarbonate glazing due to the ROPS and FOPS mandates. These mandates provide the required protection to equipment operators. Increasing sales of construction equipment coupled with the strict ROPS and FOPS mandates are estimated to drive the glazing market for construction equipment. Sidelite is estimated to be the fastest growing automotive glazing market, by application. The sidelite segment is estimated to grow at the fastest rate, by application, during the forecast period. The major factor driving the demand for automotive glazing, by polycarbonate, is the growing focus on weight reduction by OEMs. The polycarbonate usage in sidelite will reduce the weight significantly, especially in buses, as it covers the largest surface area. As per Arrow Global, an approximate 300-pound weight reduction per 40-feet can be achieved for buses by using polycarbonate instead of glass in sidelite and other glazing applications. Apart from buses, passenger car is also estimated to witness a high adoption rate of polycarbonate sidelite. Such weight reduction may lead to fuel savings, which will drive the growth of polycarbonate in sidelite applications. Asia Oceania is estimated to be the largest automotive glazing market during the forecast period. The Asia Oceania is projected to lead the automotive glazing market owing to high vehicle production as China and India are the production hub for passenger cars such as SUVs and premium cars. Moreover, Asia Oceania is estimated to be the largest market because of highly populated countries such as China and India coupled with high-income economies such as Japan and South Korea. These factors have increased the production of premium vehicles in the region which are estimated to have high polycarbonate usage in their glazing applications. Furthermore, the increasing disposable income in the region has led to increased demand for premium passenger cars, which is estimated to drive the overall demand for automotive glazing.
The key players in the automotive glazing market are SABIC (Suadi Arabia), Covestro (Germany), Teijin (Japan) Webasto (Germany) Freeglass (Germany), and Idemitsu (Japan).
Key Topics Covered:
1 Introduction 2 Research Methodology 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 5.2.1 Drivers 5.2.1 Increased Focus on Lightweighting of the Vehicle 5.2.1.1 Better Flexibility for Advanced Designing Options in Glazing Technologies 5.2.1.2 Increasing Penetration of Sunroof 5.2.1.3 Increasing Installation Rate in Off-Road Vehicle 5.2.2 Restraints 5.2.2 Low Familiarity of the Engineers With Advanced Plastic Glazing 5.2.2.1 Volatile and High Cost of Polycarbonate 5.2.3 Opportunities 5.2.3 Potential Usage in Automotive Glazing Such as Windshield 5.2.3.1 Growing Market for Electric Vehicles 5.2.3.2 Clear A-Pillar 5.2.4 Challenges 5.2.4 Scratch Reduction 5.2.4.1 Changing Preconceived Notions About Polycarbonate Glazing 6 Industry Trends in Automotive Glazing Market 6.1 Introduction 6.2 The Advanced Applications 6.2.1 Head-Up Display 6.2.2 Large Windscreen 6.2.3 Switchable Glazing 6.2.4 Hydrophobic Glazing 6.2.5 Sun Control Glazing 6.3 Scenario 6.3.1 Normal Scenario 6.3.2 Pessimistic Scenario 6.3.3 Optimistic Scenario 6.4 Porter's Five Forces 6.5 Revenue Impact 7 Automotive Glazing Market, By Off-Highway Vehicle 7.1 Introduction 7.1.1 Research Methodology 7.1.2 Assumptions 7.1.3 Industry Insights 7.2 Construction Equipment 7.2.1 Sops and Fops Safety Regulations to Drive The Demand for Polycarbonate Glazing in Construction Equiptment on Construction Equipment Glazing Market 7.3 Agricultural Tractors 7.3.1 Europe is Expected to Be The Largest Glazing Market for Agricultural Tractors 8 Automotive Glazing Market, By Electric Vehicle 8.1 Introduction 8.1.1 Research Methodology 8.1.2 Assumptions Considered for The Chapter 8.1.3 Industry Insights 8.2 Battery Electric Vehicle (BEV) 8.2.1 Owing to High Slaes of BEVs in China, Asia Oceania to Be The Largest Glazing Market for BEVs 8.3 Hybrid Electric Vehicle (HEV) 8.3.1 Rising Demand for Weight Reduction to Increase The Vehicle Range and Fuel System to Have A Major Influence on The HEV Glazing Market 8.4 Plug-In Hybrid Electric Vehicle (PHEV) 8.4.1 Increasing Demnad for Sunroof and Rear Qarter Glass is Estimated to Drive The Market for Automotive Glazing 9 Automotive Glazing Market, By Application 9.1 Introduction 9.1.1 Research Methodology 9.1.2 Assumptions Considered for the Chapter 9.1.3 Industry Insights 9.2 Windscreen 9.2.1 Windscreen Market is Estimated to Grow at A Significant Growth Rate Owing to Updated Mandates Regarding Polycarbonate in Windscreen 9.3 Sidelite 9.3.1 Asia Oceania is Expected to Be the Largest Sidelite Automotive Glazing Market 9.4 Backlite 9.4.1 Strength Provided By Polycarbonate in Backlite is Estimated to Drive Market for Backlite Polycarbonate 9.5 Rear Quarter Glass 9.5.1 Increasing Demand for Premium Suv in Asia Oceania Region is Estimated to Drive the Polycarbonate Rear Quarter Glass Market 9.6 Sunroof 9.6.1 Increasing Demand for Convenience and Lightweighting in Premium Vehicle has Positive Influence on Sunroof Polycarbonate Market 9.7 Front Lighting 9.7.1 Regulation on Drl has Increased Demand for Lighting Covers Which has Positive Impact on Front Lighting Segment of Polycarbonate Glazing Market 9.8 Rear Lighting 9.8.1 The Installation of Polycarbonte in Lighting Application has Increased Globally Due to the Ability of Polycarbonate to Adapt to AUsing Molding 10 Automotive Glazing Market, By Vehicle Type 10.1 Introduction 10.1.1 Research Methodology 10.1.2 Assumptions Considered for the Chapter 10.1.3 Industry Insights 10.2 Passenger Car 10.2.1 Rising Demand for Aesthetic Features and Advanced Safety Systems is Expected to Have Major Influence on the Passenger Car Segment of TGlazing 10.3 Light Commercial Vehicle (Lcv) 10.3.1 North America is Expected to Be the Largest Market for Automotive Glazing in Lcvs 10.4 Truck 10.4.1 Weight Reduction Will Have Low Impact on Automotive Glazing Market for Trucks 10.5 Bus 10.5.1 Polycarbonate Glazing Results in an Approximate 300 Lb Weight Reduction Per 40 Ft. Bus 11 Automotive Glazing Market, By Region 12 Competitive Landscape 12.1 Overview 12.2 Competitive Leadership Mapping 12.2.1 Introduction 12.2.2 Visionary Leaders 12.2.3 Innovators 12.2.4 Dynamic Differentiators 12.2.5 Emerging Companies 12.3 Competitive Benchmarking - Glazing and Polycarbonate Manufacturers 12.3.1 Company-Wise Business Strategy Analysis 12.3.2 Company-Wise Product Offering Analysis 12.4 Competitive Benchmarking - Glass Manufacturers 12.4.1 Company-Wise Business Strategy Analysis 12.5 Market Ranking Analysis 12.6 Competitive Situation & Trends 12.6.1 New Product Developments 12.6.2 Supply Contract 12.6.3 Expansions 12.6.4 Joint Venture 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
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