Automotive Glazing Market in the Asia Pacific to witness a robust growth during forecast period
Category: #business  By Partha Ray  Date: 2019-08-13
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Automotive Glazing Market in the Asia Pacific to witness a robust growth during forecast period

Asia Pacific will account for a significant share in the automotive glazing market share. This can be attributed to the presence of multiple automobile manufacturers across the region focusing on lunching a wide range of vehicles across multiple segments including hatchbacks, SUVs, sedans, crossovers, and MUVs among others. Moreover, countries including China, Japan, and India account for a significant share in vehicle sales annually. For instance, according to the OICA, the countries combined accounted for new passenger vehicle sales of more than 32 million in 2019.

Technological advancements in glass including advanced unbreakable properties along with superior scratch resistance are expanding the automotive glazing market over the projected timeframe. Moreover, automobile manufacturers are incorporating UV protection features in glass used for car windows. For instance, in 2015, Maruti Suzuki launched its Baleno premium hatchback with UV resistant glass windows.

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Glass manufacturers are incorporating multiple standard features in their products for improving glass properties for catering to a wide customer base. Most automobile manufacturers are continuously investing in R&D for developing premium in-car experience to boost their vehicle demand. Moreover, superior thermal and noise insulation coupled with lower glass weight and enhanced life span compared to the traditional glass further expands the automotive glazing market share globally.

Based on type, the automotive glazing market share is divided into single glazing, double glazing and triple low-E glazing. Double glazed windows are manufactured by two panes of glasses with vacuum filling. The rising demand for such windows can be attributed to the superior efficiency and UV ray protection compared to the traditional single glazed glass. The presence of a transparent microlayer, felicitating the infrared reflection along with superior penetration of light are expanding the triple low-e glass market size.

Based on material, the automotive glazing market size is segmented into laminated, tempered, and polycarbonate (PB). The growth in the demand for laminated glass can be credited to the innovative manufacturing process using sandwich polyvinyl butyral (PVB) interlayer. Moreover, the ability of the glass to stay intact in the event of a crash further expands the segment share.

Based on application, the market share can be categorized into windscreen, sidelight, and Bakelite. The rising preference for manufacturers to adopt superior glass technologies in their vehicles with enhanced UV resistance and heat resistance capabilities are further expanding the market size over the study timeframe.

Few of the major players operating in the automotive glazing market share include Pilkington, SABIC, Saint Gobain, AGC, Guardian Industries Corp., Corning, and Xinyi Glass. Investments in R&D and launching of new products are some of the prominent strategies adopted by industry players to expand their revenue share. For instance, in 2018, Covestro AG launched its Makrolon TC8030, a thermally conductive polycarbonate, that is ideal for automotive lighting purposes.

Methodology used in this report: -

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Automotive Glazing Market Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

Market research reports: Key analytical components

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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