Global $1.7 Billion Automotive Glazing Market to 2025 - Increased Adoption of Polycarbonate Glazing Applications & Polycarbonate Usage to Remove Blind Spot Area-A-Pillar

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Nov 09, 2020, 06:00 ET

DUBLIN, Nov. 9, 2020 /PRNewswire/ -- The "Automotive Glazing Market by Application (Sidelite, Backlite, Sunroof, Lighting, Rear Quarter Glass), Vehicle Type (Passenger Car, Light and Heavy Commercial, Off-Highway, Electric), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global automotive glazing market size is estimated to be USD 1.0 billion in 2020 and is projected to reach USD 1.7 billion by 2025, at a CAGR of 9.9%.

The demand for automotive glazing is driven by the increasing production of passenger cars and SUVs. This can be attributed to the high penetration of sunroof and rear quarter glass in premium vehicles. However, the high pricing of polycarbonate is hindering the growth of the automotive glazing market.

The outbreak of COVID-19 has severely impacted the overall supply chain of the automotive industry. Halt in production and logistics due to the pandemic has affected raw material suppliers in the automotive industry. The pandemic has affected the overall growth of the sector, as major automotive players such as Fiat, Volkswagen, PSA Group, General Motors, BMW, and others have suspended production due to COVID- 19. This is expected to affect the automotive glazing market, as the growth of this market is directly related to the production of vehicles. The analysis in the following section provides a detailed overview of the impact of COVID-19 on the market.

Construction equipment is estimated to have the largest share in the off-highway glazing market.

The construction equipment segment holds the largest market, in terms of value, for off-highway glazing in 2020. This can be attributed to the largest sales of construction equipment as compared to agricultural tractors. Moreover, construction equipment has a higher penetration of polycarbonate glazing due to the ROPS and FOPS mandates. These mandates provide the required protection to equipment operators. Increasing sales of construction equipment coupled with the strict ROPS and FOPS mandates are estimated to drive the glazing market for construction equipment.

Sidelite is estimated to be the fastest-growing application segment of the automotive glazing market.

The sidelite segment is estimated to grow at the fastest rate, by application, during the forecast period. The major factor driving the demand for automotive glazing, by polycarbonate, is the growing focus on weight reduction by OEMs. The polycarbonate usage in sidelite will reduce the weight significantly, especially in buses, as it covers the largest surface area.

As per Arrow Global, an approximately 300-pound weight reduction per 40-feet can be achieved for buses by using polycarbonate instead of glass in sidelite and other glazing applications. Apart from buses, passenger car is also estimated to witness a high adoption rate of polycarbonate sidelite. Such weight reduction may lead to fuel savings, which will drive the growth of polycarbonate in sidelite applications.

The key players in the automotive glazing market are SABIC (Suadi Arabia), Covestro AG (Germany), Teijin (Japan) Webasto SE (Germany), and Trinseo (U.S).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Pre- & Post-Covid-19 Scenario
3.2 Automotive Glazing Market: Market Outlook

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Use of Polycarbonate Glazing as It is Lighter in Weight Than Glass
5.2.1.2 Flexibility of Polycarbonate Enables Advanced Designing in Automotive Applications
5.2.1.3 Adoption of Polycarbonate Glazing in Sunroofs
5.2.1.4 Higher Use of Impact-Resistant Polycarbonate Over Glass in Off Highway Vehicles
5.2.2 Restraints
5.2.2.1 Low Familiarity of Engineers in Advanced Plastic Glazing
5.2.2.2 Volatile Market and High Cost of Polycarbonate
5.2.3 Opportunities
5.2.3.1 Increased Adoption of Polycarbonate Glazing Applications Such as Windshields
5.2.3.2 Polycarbonate Usage to Remove Blind Spot Area-A-Pillar
5.2.4 Challenges
5.2.4.1 Scratch-Prone Property and Low Visibility of Polycarbonate Material Over Automotive Glass
5.2.4.2 Consumer Preference for Glass Over Polycarbonate Which Has Higher Tensile Strength and is Lighter
5.2.5 Impact of Market Dynamics
5.3 Porter's Five Forces
5.4 Revenue Impact
5.5 Ecosystem
5.6 Average Selling Price Analysis
5.7 Use Cases
5.7.1 Sabic: Lexan Resin for Automotive Applications
5.7.2 Covestro: Markolon Resin for Automotive Lighting
5.8 Technological Analysis
5.8.1 Overview
5.8.2 Prospects for Material Suppliers
5.8.3 Oem Initiatives
5.9 Government Regulations
5.10 Patent Analysis
5.10.1 Methodology
5.10.2 Patent Registration

6 Industry Trends in Automotive Glazing Market
6.1 Introduction
6.2 Advanced Applications
6.2.1 Head-Up Display
6.2.2 Large Windscreen
6.2.3 Switchable Glazing
6.2.4 Hydrophobic Glazing
6.2.5 Sun Control Glazing
6.3 Scenario
6.3.1 Normal Scenario
6.3.2 Pessimistic Scenario
6.3.3 Optimistic Scenario
6.4 Value Chain Analysis

7 Covid-19 Impact Analysis
7.1 Covid-19 Impact Analysis on the Automotive Market
7.2 Covid-19 Impact Analysis on the Automotive Glazing Market
7.2.1 Automotive Glazing Market by Polycarbonate Scenario Analysis
7.2.1.1 Realistic Scenario
7.2.1.2 Low Impact Scenario
7.2.1.3 High Impact Scenario

8 Automotive Glazing Market, by Off Highway Vehicle
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions
8.1.3 Industry Insights
8.2 Construction Equipment
8.2.1 Sops and Fops Safety Regulations to Drive the Demand for Polycarbonate Glazing in Construction Equipment on Construction Equipment Glazing Market
8.3 Agricultural Tractors
8.3.1 Europe is Expected to Be the Largest Glazing Market for Agricultural Tractors

9 Automotive Glazing Market, by Application
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions Considered for the Chapter
9.1.3 Industry Insights
9.2 Windscreen
9.2.1 Windscreen Market is Estimated to Grow at a Significant Growth Rate Owing to Updated Mandates Regarding Polycarbonate in Windscreen
9.3 Sidelite
9.3.1 Asia Oceania is Expected to Be the Largest Sidelite Automotive Glazing Market
9.4 Backlite
9.4.1 Strength Provided by Polycarbonate in Backlite is Estimated to Drive Market for Backlite Polycarbonate
9.5 Rear Quarter Glass
9.5.1 Increasing Demand for Premium Suv in Asia Oceania Region is Estimated to Drive the Polycarbonate Rear Quarter Glass Market
9.6 Sunroof
9.6.1 Increasing Demand for Convenience and Lightweighting in Premium Vehicle Has Positive Influence on Sunroof Polycarbonate Market
9.7 Front Lighting
9.7.1 Regulation on Drl Has Increased Demand for Lighting Covers Which Has Positive Impact on Front Lighting Segment of Polycarbonate Glazing Market
9.8 Rear Lighting
9.8.1 the Installation of Polycarbonate in Lighting Application Has Increased Globally Due to the Ability of Polycarbonate to Adapt to Any Complex Design Using Injection Molding

10 Automotive Glazing Market, by Vehicle Type
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumptions Considered for the Chapter
10.1.3 Industry Insights
10.2 Passenger Car
10.2.1 Rising Demand for Aesthetic Features and Advanced Safety Systems is Expected to Have Major Influence on the Passenger Car Segment of the Automotive Glazing Market
10.3 Light Commercial Vehicle (LCV)
10.3.1 North America is Expected to Be the Largest Market for Automotive Glazing in LCVs
10.4 Truck
10.4.1 Weight Reduction Will Have Low Impact on Automotive Glazing Market for Trucks
10.5 Bus
10.5.1 Polycarbonate Glazing Results in An Approximate 300 Lb Weight Reduction Per 40 Ft. Bus

11 Automotive Glazing Market, by Electric Vehicle
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions Considered for the Chapter
11.1.3 Industry Insights
11.2 Battery Electric Vehicle (Bev)
11.2.1 Owing to High Sales of Bev's in China, Asia Oceania to Be the Largest Glazing Market for Bev's
11.3 Plug-In Hybrid Electric Vehicle (PHEV)
11.3.1 Increasing Demand for Sunroof and Rear Quarter Glass is Estimated to Drive the Market for Automotive Glazing
11.4 Fuel Cell Electric Vehicle (FCEV)
11.4.1 Increase in the Usage of Polycarbonate Due to Moldable Property Expected to Influence the FCEV Glazing Market

12 Automotive Glazing Market, by Region

13 Adjacent Markets
13.1 Adjacent & Related Markets
13.2 Limitations
13.3 Automotive Glazing Market by Polycarbonate Ecosystem & Interconnected Markets
13.4 Automotive Differential Market
13.5 Automotive Lighting Market
13.6 Automotive Windshield Market
13.7 Power Sunroof Market

14 Competitive Landscape
14.1 Market Evaluation Framework
14.2 Overview
14.3 Market Share, 2019
14.4 Market Ranking Analysis
14.5 Market Evaluation Framework: Revenue Analysis of Top Five Players
14.6 Competitive Scenario
14.6.1 New Product Developments
14.6.2 Supply Contract
14.6.3 Expansions
14.6.4 Joint Venture
14.7 Competitive Leadership Mapping
14.7.1 Stars
14.7.2 Emerging Leaders
14.7.3 Pervasives
14.7.4 Emerging Companies
14.8 Strength of Product Portfolio: Glazing and Polycarbonate Manufacturers
14.9 Business Strategy Excellence: Glazing and Polycarbonate Manufacturers

15 Company Profiles

A. Schulman
Additional Company Profiles
AGC
Arkema Sa
Business Overview
Celanese Corporation
Central Glass
Chi Mei Corporation
Corning Incorporated
Covestro AG
Dott.Gallina S.R.L
Evonik
Freeglass
Fuyao Glass Industry
Guardian Industries
Huate Bonding Material
Huntsman
Idemitsu Kosan
KRD Sicherheitstechnik
LG Chem
Long List of Companies (Annexure)
Mitsubishi Engineering Plastics
Mitsui Chemicals America
Nanotech Coatings
Nippon Sheet Glass
Pearl Nano
Peerless Plastics & Coatings
Pittsburgh Plate Glass Industries
Product Portfolio
RTP Company
Sabic
Saint-Gobain
Shenzhen Benson Automobile Glass Co. Ltd
Sinograce Chemical Co. Ltd
Sisecam Group
Spartech
Sumitomo Bakelite
Sumitomo Corporation
Techmer Pm
Teijin
Trinseo
Webasto Group
Xinyi Glass

For more information about this report visit https://www.researchandmarkets.com/r/b2k05i

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