Glazing for Automotive Market To Reflect Impressive Growth Rate

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Glazing for Automotive Market is expected to be valued at USD 1,020 million with a CAGR of 9.9% Forecast by 2030

Glazing for Automotive Market is expected to be valued at USD 1,020 million with a CAGR of 9.9% Forecast by 2030

The global glazing for automotive market is growing continually. The market growth attributes to the consistent demand for safety and automotive glazing. Automotive glazing offers high performance and superior appearance to automotive consumers. Currently, there is high global demand for optimizing optical and mechanical properties for durable and scratch abrasion-resistant glass in the automotive industries. 

Augmenting demand for fulfilling consumer needs of safety, comfort, and security while driving escalate market growth. According to Market Research Future (MRFR), the global glazing for automotive market is expected to garner exponential traction by 2022, growing at a steady CAGR over the assessment period (2022-2030). Rising vehicle production and the booming automotive sector impact the growth of glazing for automotive market. 

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Additionally, increasing technology upgrades such as proprietary AI models, influence market growth, providing experimental data for the development of iteratively testing technologies, and newly suggested materials. Moreover, the identification of the best process conditions to reach high-performance glass materials impacts the market growth positively. New trends in vehicle manufacturing contribute to the growth of the market.

New product development, such as high gloss, lamination, and glazed aesthetic glass is a significant growth driver of the market. The ability of automotive glazing to reduce the carbon dioxide emissions and weight in vehicles boost the growth of the market. Besides, the benefits of automotive glazing with functional properties such as stain resistance and UV reflection are leading to a higher application spectrum. 

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Global Glazing for Automotive Market – Segments

The report is segmented into four dynamics;

By Application                     : Sidelite, Sunroof, Backlite, Lighting, and others.

By Advanced Application: Large Windscreen, SunControl, Hydrophobic Glazing, HUD, and others.

By Vehicle Type                   : On-Highway Vehicles, Off-Highway Vehicles, and others.

By Regions                : Europe, Americas, Asia Pacific, and Rest-of-the-World.

Glazing for Automotive Market – Regional Analysis

The Asia Pacific region dominates the global glazing for automotive market. The largest market share attributes to the rapid increase in demand and production of automobiles. Besides, the increasing vehicle applications of glazing glasses and the development of automotive manufacturing industries in Japan and South Korea drive the regional market growth. Moreover, the continued strong support for solar sunroofs boosts the regional market growth.

The burgeoning automotive industries in the region foster the development of commercial and business infrastructure, driving the consumption of safety glasses. The development of the region as an automotive manufacturing hub is another market opportunity for market growth. The APAC glazing for automotive market is projected to retain its dominance throughout the estimated period.

North America stands second in the global glazing for automotive market. The market growth is propelled by the proliferation of electric and hybrid vehicles in the region. Additionally, the presence of several notable players drives the market in the region. Furthermore, new safety glass standards regulated by the government foster the development of the regional market. 

The government's support for solar renewable energy and the development of large industrial-scale automotive solar panels escalates the growth of the market. The US accounts for a significant share in the regional market, followed by Canada and Brazil, owing to its leading automakers and smart technologies. The North American glazing for automotive market is expected to be the fastest-growing region during the forecast period.

Glazing for Automotive Market – Competitive Landscape

The glazing for automotive market appears highly competitive and fragmented due to the presence of several well-established players. To gain a significantly larger competitive share, notable players incorporate strategic initiatives such as collaboration, mergers acquisitions, expansion, and product/technology launch. The industry is highly commoditized; however, there is limited product differentiation. Also, the high cost of transport is another barrier to the market due to the high-volume, low-value nature of these products. 

Also, the bulky nature of raw material used in manufacturing restricts the development of sizeable manufacturing regions. Manufacturers use a variety of distributions channels and appropriate modifications to ensure high quality customized products. 

Major Players:

Players leading the global glazing for automotive market include Research Frontiers, Pilkington Group Limited, American Glass Products, Asahi Glass Co Ltd., Fuyao Glass Industry Group Co. Ltd, Central Glass Co. Ltd., NordGlass, Guardian Industries Corporation, Pittsburgh Glass Works, LLC, and Nippon Sheet Glass Company Ltd., among others.

Industry/ Innovation/ Related News:

July 22, 2020 ---- The Indian Government notified regulations for tyres, safety glass under central motor vehicles rules (CMVR). The Road Transport Highways Ministry has made amendments to CMVR. According to new regulations, safety glazing standards have been prescribed as an option to safety glass. The visual transmission of light for the rear and front windows is 70%; for side windows, it is 50% and shall be the same for the safety glass on the glass with safety glazing. 

February 03, 2020 --- Two European automotive component companies AGC Glass, a leader in flat glass, and Citrine Informatics announced their collaboration to use artificial intelligence (AI), accelerating the development of next-generation glass. Citrine Informatics is a technology platform harnessing the power of AI to bring new materials to market faster and capture materials-enabled product value. The collaboration aims to develop innovative solutions to meet this ever-higher glass performance demand quickly than ever before.

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