Automotive Glazing Market

Market Leader - Automotive Glazing Market

The automotive glazing market, by polycarbonate, is estimated to be USD 1.4 billion in 2018 and is projected to reach USD 2.7 billion by 2025, at a CAGR of 10.13%. The market will be driven primarily because of the increase in vehicle production, particularly lighting applications. The increasing demand for complex glazing design and lightweight vehicles is driving the growth of the automotive glazing market for polycarbonate.

Increased demand for fuel efficiency has sparked the adoption of lightweight materials such as polycarbonate. Moreover, in 2016, the ECE allowed the usage of plastics in windscreen which has had a positive impact on polycarbonate usage in the glazing market. To reduce the weight of glazing, OEMs are expected to start the usage of polycarbonate windscreens in coming years for passenger cars in the initial period, and later for commercial vehicles. Moreover, the increase in demand for better flexibility for advanced designing options is also driving the demand for polycarbonate, as it can adopt to any design and shape through blow molding. The above factors make polycarbonate a better material than glass in the automotive glazing market. However, the growth of polycarbonate in automotive glazing may get hindered due to the scratchy nature and pricing of polycarbonate.

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Sidelite is estimated to be the fastest glazing market by application. This high growth can be attributed to the increasing premium vehicle production across the globe. Premium vehicles are estimated to be the early adopters of polycarbonate glazing. Moreover, the average surface area of the sidelite per vehicle is higher than other applications such as sunroof and rear quarter glass. Buses have the highest average surface of the sidelite because of the number of windows and their size.

Unlike passenger cars, off-road vehicles are mostly used in rough conditions. The main application of glazing in off-highway vehicles is safety. Construction and mining equipment are used in conditions where low visibility issues may result in fatal accidents. These accidents can be caused by many factors such as moving projectiles, steep grades, overloaded vehicle, or driver error. To avoid this kind of accidents, off-highway vehicles require the installation of better safety components. Collision is generally the main cause of accidents with off-highway vehicles. Collisions can cause windshields to break and may affect the safety of the driver. This has raised the demand for a safe cabin for drivers in off-highway vehicles. Also, because of the ROPS and FOPS operator protection mandates, the demand for polycarbonate glazing has increased in the off-highway segment. Off-highway vehicles such as agricultural tractors, construction equipment, and few forestry-related vehicles have high polycarbonate usage potential in their cabins. This can be an opportunity for the polycarbonate manufacturers as infrastructure spending is set to increase in the coming future. That, in turn, will drive the demand for construction equipment and subsequently polycarbonate glazing in the future.

Related Reports:

Automotive Glazing Market by Polycarbonate-Application (Windscreen, Sidelite, Backlite, Sunroof, Quarter Glass, Front & Rear Lighting), Advanced Applications, Vehicle Type (On-Highway, Off-Highway, Electric & Hybrid), and Region - Global Forecast to 2025

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Report Code
AT 4359
Published ON
Jan, 2019
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