Automotive Glass Market

Market Leaders – Automotive Glass Market

Automotive glass demand is increasing due to increasing vehicle production, especially SUV/MPV segment, and the growing demand for smart glass technologies to improve the safety as well as fuel efficiency. The automotive glass market is projected to grow at a CAGR of 4.80% during the forecast period and is estimated to grow from USD 16.21 Billion in 2017 to reach USD 23.59 Billion by 2025.

The key strategy adopted by major players to gain traction in the market is expansion. Fuyao Glass (China) invested USD 700 Million to set up the world’s largest glass production facility in Moraine, US. Xinyi Glass (China) invested USD 358 Million to establish a new facility in Ontario, Canada. The second key strategy followed by key players is joint venture and collaboration. For instance, AGC Automotive Europe, a subsidiary of Asahi Glass (Japan), established a joint venture with Induver Holdings (Morocco) to establish its first automotive glass plant in Africa. This provides Asahi Glass with access to the African automotive glass market.

The automotive glass market is dominated by a few global players and comprises several regional players. Saint Gobain (France) is a dominant player in the automotive glass market. The company, under its Innovative Materials segment, manufactures and distributes flat glass products, including float glass, as well as laminated, silvered, lacquered, and coated glass, which are mainly used in automobiles. The key strategy followed by the company is expansion. For instance, in June 2017, the company decided to establish a facility at Saltillo (Mexico) to cater to the North American automotive industry.

Asahi Glass (Japan) manufactures and markets architectural & automotive glass, chemicals, electronic components, and ceramics. The company has a few subsidiaries and affiliates, such as AGC Electronics America, AGC Chemicals Americas, and AGC Chemicals Europe. The key strategy followed by the company is expansion. For instance, in March 2016, 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 the current level.

Related Reports:

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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Report Code
AT 3709
RI Published ON
4/2/2018
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