The Global Automotive Glazing Market Analysis- Size, Share, Growth, Trends and Forecasts, 2015 To 2022: Grand View Research
The global automotive glazing market is expected to witness considerable growth over the forecast period due to surging demand for fulfilling manufacturers’ and consumer needs of safety, comfort and security. The automotive industry is continuously evolving and witnessing high growth. Due to this, suppliers are anticipated to perceive glazing applications as a way of fulfilling demand for Original Equipment Manufacturers (OEMs), which may subsequently drive the global automotive glazing market in the near future. Necessity of compliance with various regulations pertaining to automotive industry may further fuel the automotive glazing market demand in future. An amalgamation of products with best possible technological solutions coupled with vital functionalities may radically drive the market over the next few years.
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Automotive glazed panoramic roof comprises polycarbonate which reduces weight significantly as against glass roofs, ensuing in a significant decline in CO2 emissions, which eventually is anticipated to drive the automotive glazing market demand. Further, numerous safety benefits offered by polycarbonate’s high impact resistance may drive the market growth in the next few years. Freedom in designing coupled with huge potential for functional integration may offer new avenues for the automotive glazing market.
Automotive glazing offers high performance, superior appearance and immense value. It tenders protection and comfort along with stylish looks. Further, advancements and innovation in automotive glazing brings about enhancement in security, safety, and consumer comfort. Safety facet aids vehicles in absorbing energy from the impact. Additionally, side airbags performance may be enhanced due to the fact that windows will likely remain in their frame, giving necessary support during inflation. Thus, the automotive glazing market is expected to gain eminence over the forecast period owing to the aforesaid benefits.
An ultraviolet filter glass, if integrated may obstruct harmful UV rays shielding eyes and skin of the passengers and considerably extending the life of upholstery and fabrics, which may further catapult market demand comprehensively. Thus, upholstery preservation, improved balanced climate, increased privacy, comfort, reduced energy demands, increased safety/security, enhanced aesthetics and reduced hot spots & glare are perceived to be few key factors that may drive the automotive glazing market demand.
However, cost and complexity pertaining to glazing may hinder the automotive glazing market demand. Moreover, if it is resilient, it may cause problems for rescue workers to extort occupants after an accident, thus restraining automotive glazing’s widespread application.
Recent trends in automotive glazing comprise large windshields, panoramic roofs, electric vehicle glazing, solar panel roofs, and laminated side glazing. Moreover, different types of automotive glazing including windscreens, rear windows, side windows (movable and fixed), and panoramic roofs are used in diverse applications. The demand for panoramic roofs is anticipated to upsurge owing to consumers’ vehicle preference for larger sunroofs. European and North American markets are apprehended to exhibit significant market growth owing to growing demands and recent technological advancements closely followed by Asia Pacific.
Key automotive glazing market players include Pilkington, NordGlass, Asahi Glass, Central Glass, Nippon Sheet Glass Company, Guardian Industries Corporation, Xinyi Glass, Nippon Sheet Glass, and Saint-Gobain. Development of innovative products and avant-garde technology in injection molding and coating processes are key strategies adopted by the market players.
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