Glazing for Automotive Market
Overview:
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.
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.
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.
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.
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