The report "Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region - Global Forecast to 2025", is projected to grow at a CAGR of 4.80%, to reach a market size of USD 23.6 billion by 2025 from an estimated USD 16.2 billion in 2017. The market is driven by increasing vehicle production & sales, demand for advanced glass technologies such as smart glass device & embedded glass, and government regulations for vehicle safety.
Browse 232 market data Tables and 67 Figures spread through 205 Pages and in-depth TOC on "Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region - Global Forecast to 2025"
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The rising demand for premium passenger cars and hybrid & plug-in hybrid vehicles has increased the demand for smart glass in the automotive industry. Among the smart glass technologies, SPD technology is projected to capture the largest market. SPD regulates the amount of heat and light entering a vehicle, provides 99% protection from harmful UV radiations, controls the cabin temperature and reduces the air conditioning unit’s consumption, and enhances safety. SPD technology is widely used in sunroofs in passenger cars. Leading OEMs such as Mercedes and BMW have introduced innovations such as Magic Sky Control and panoramic roofs in high-end luxury models.
Laminated glass is projected to be the fastest growing market during the forecast period. Laminated glass in the windshield has a PVB layer sandwiched between the glass. It protects passengers from broken glass fragments and provides increased safety compared with tempered glass. The increasing use of laminated glass in sidelites (in addition to windshield) is expected to drive the growth of laminated glass market. While European vehicle manufacturers have started using side glazing, automotive manufacturers in the US and Japan are also following suit. Laminated side glazing improves safety and NVH (Noise, Vibration & Harshness) of the vehicle.
Asia Oceania is estimated to be the largest automotive glass market and is also projected to grow at the highest CAGR from 2017 to 2025. The market growth in the region can be attributed to the rising GDP, increasing per capita income, and growing demand for passenger vehicles and compact SUVs. Additionally, increasing consumer preference for SUVs, especially in India and China, is expected to drive the automotive glass market. The average volume of glass used in an SUV is significantly more than other passenger cars. Saint-Gobain has expanded its facility in Chennai, India, with an investment of USD 300 million to develop high-end glass for the automotive market. Asahi Glass has also expanded its facility in Indonesia to manufacture float glass for the automotive industry. These expansions have helped companies increase their market share in the automotive glass market in the region.
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