HOME › Research Insight › Strategic Collaborations and new Product Launches are the Two Ttrategies most Widely Tdopted by Leading Players to gain Traction in the Glazing Market by Polycarbonate Materials
Strategic Collaborations and new Product Launches are the Two Ttrategies most Widely Tdopted by Leading Players to gain Traction in the Glazing Market by Polycarbonate Materials
The market for automotive polycarbonate glazing is projected to grow at a CAGR of 17.53% from 2016 to 2021. The increasing demand for lightweight automotive materials and growing focus on passenger safety are the key factors driving the market for polycarbonate as a glazing material in the automotive industry. Automotive applications of polycarbonate glazing range from sidelite and backlite to sunroof and lighting. Glazing is one of the most important features of an automobile, as it protects passengers from the external environment and enables a clear view of oncoming traffic. Glazing also helps lessen the effects of heating to a certain extent by reflecting most of the heat from the sun rays and keeping the passenger cabin cool. This eventually decreases the use of air conditioning, thereby increasing fuel efficiency.
Strategic collaborations and new product launches are the two strategies most widely adopted by leading players to gain traction in the glazing market by polycarbonate materials. Companies such as SABIC (Saudi Arabia) and Covestro AG (Germany) have entered into agreements with component manufacturers and OEMs to provide polycarbonate for automotive glazing applications. SABIC has developed a polycarbonate car window with integrated lighting features. Covestro AG has developed a new grade of polycarbonate resin that can be used for lighting applications. Additionally, Webasto SE (Germany) has expanded its Japanese plant to manufacture sunroofs and thermos systems.
SABIC is a leading provider of polycarbonate resin for glazing applications in the automotive industry. The company forms collaborations with component manufacturers and OEMs to provide polycarbonate glazing for automotive applications. SABIC caters to the polycarbonate glazing market through its SABIC Innovative Plastics business unit. The company has a wide geographical presence. It focuses on new product development and strategic collaborations to increase its market share. SABICís subsidiary Exatec LLC has developed a polycarbonate side window for automotive applications.
Webasto SE is a leading manufacturer of sunroof systems. The company specializes in producing various types and sizes of roof systems composed of glass and polycarbonate. It provides sunroofs to major OEMs, and has supply contracts with key suppliers of polycarbonate resin. The company operates at a global level, but the majority of its revenue is generated from the European region. Webasto SE recently entered into a supply contract with Smart Automotive Company (Germany) to provide fixed panorama roofs.
Glazing Market by Polycarbonate Material, Application (Sidelite, Backlite, Sunroof, Lighting), Advanced Application (HUD, Large Windscreen, Switchable & Hydrophobic Glazing, SunControl), On-Highway & Off-Highway Vehicles, and by Region - Forecast to 2021
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