HOME Research Insight Market Leaders – Automotive Glass Market

Market Leaders – Automotive Glass Market

The demand for automotive glass is increasing, owing to growing concerns regarding automotive safety and security. OEMs are compelling automotive glass manufacturers to focus on manufacturing glass with high safety standards. The automotive glass market is projected to grow at a CAGR of 5.46% during the forecast period, to reach USD 25.12 bBillion by 2021. Market growth is driven by factors such as growing consumer concerns regarding safety, increasing usage of glass in passenger cars, and safety regulations.

The key strategy adopted by major players to gain traction in the market is expansion. This strategy accounted for approximately 64% of all the strategies adopted by companies. Fuyao Glass Industry Group Ltd. (China) invested USD 700 million to set up the world’s largest glass production facility in Moraine, U.S. Additionally, Xinyi Glass Holdings Inc. (China) invested USD 197.6 Million to expand its factory at Jasin, Malaysia. The second most widely followed strategy is supply contracts. Gentex Corporation (U.S.) signed a contract with Mazda Motor Corporation (Japan) to supply automatic dimming interior mirrors with an integrated 3.3-inch liquid crystal display for the Mazda CX-5 model sold in Japan. Other companies that adopted this strategy include Webasto SE (Germany), Nippon Sheet Glass (Japan), Gentex Corporation (U.S.), Magna International Inc. (Canada), and Inteva Products (U.S.).

The automotive glass market is dominated by a few global players, and comprises several regional players. Saint-Gobain S.A. (France) is a leading player in the market. The company manufactures and distributes flat glass products such as float glass, as well as laminated, patterned, silvered, lacquered, and coated glass (primarily for use in automobiles), under its innovative materials segment. The key strategy followed by the company is expansion. It invested USD 30 million in developing a world-class R&D facility at IIT Madras Research Park, Chennai (India) in January 2016.

Asahi Glass Co., Ltd (Japan) specializes in manufacturing and marketing architectural and automotive glass, chemicals, electronic components, and ceramics. The company has numerous subsidiaries and affiliates, including AGC Electronics America, AGC Chemicals Americas, and AGC Chemicals Europe. It has adopted the strategy of expansion to increase its presence in the automotive glass market. The company invested approximately USD 160 million in its subsidiary, AGC Glass Brazil, to set up a second float glass production plant in Brazil. The plant is expected to increase the company’s glass production in Brazil by 2.4 times that of the current level.

Related Reports:

Automotive Glass Market by type (Laminated, Tempered), Application (Windscreen, Sidelite, Backlite, Side & Rearview Mirror), Smart Glass by Technology (SPD, EC, LC, Photochromic & Thermochromic), Application & Region - Global Forecast to 2021

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