October 07, 2020
According to the research report titled ‘GLOBAL AUTOMOTIVE POLYCARBONATE GLAZING MARKET 2019-2027’ available with Market Study Report, global automotive polycarbonate glazing market is projected to register a robust CAGR of 7.82% during 2019-2027.
Growing popularity of lightweight glazing techniques, increasing adoption of sunroofs in cars, and favorable regulations pertaining to carbon emissions are bolstering the growth of global automotive polycarbonate glazing market size.
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For the uninitiated, the process of installing windows in vehicles is known as automotive glazing. Although the method primarily uses glass, polycarbonates, have gained popularity over the years as an alternative material. They are mainly utilized for the production and installation of side and rear windows, windscreens, and panoramic sunroofs in cars.
Additionally, rising adoption of electric vehicles coupled with advancement in automotive design are further stimulating the global automotive polycarbonate glazing market outlook. However, high costs associated with the glazing process, unstable territorial & political situations, and stringent regulations germane to the application of polycarbonate are expected to hinder the industry expansion throughout the analysis timeframe.
Based on vehicle type, global automotive polycarbonate glazing market is split into commercial vehicle and passenger vehicle. With regards to application, the industry is bifurcated into switchable glazing, heads-up display, hydrophobic glazing, large windscreen, rear windshield, sunroof, front windshield, and side window.
As per the regional analysis of the report, Asia-Pacific is anticipated to emerge as a major revenue generator for global automotive polycarbonate glazing industry through 2027. Factors such as escalating vehicle production, increasing adoption of lightweight materials in the automotive vertical, and favorable government initiatives towards environment protection, fuel efficiency as well as vehicular weight are propelling the expansion of the regional market.
Leading organizations that define the global automotive polycarbonate glazing industry trends are KRD Sicherheitstechnik GmbH, Covestro AG, Mitsubishi Chemical Corporation, Trinseo SA, Sumitomo Chemical Co., Ltd., Renias Co., Ltd., Webasto SE, Teijin Limited, ENGEL Austria GmbH, SABIC (Saudi Basic Industries Corporation), Idemitsu Kosan Co., Ltd., and Chi Mei Corporation.