Automotive Glazing Market

Global Automotive Glazing Market Size (2024 to 2029):

The global automotive glazing market size is expected to reach USD 11.75 billion in 2024 and reach USD 16.37 billion by 2029, growing at a CAGR of 6.87% from 2024 to 2029.

Glass glazing can be characterized as the amassing of an impermeable covering of cutting-edge material to the glass surface. Coating changes the shading and surface of the glass. It is broadly utilized in-vehicle applications for imparting improved properties, for example, improved climate steadiness, effect, and erosion resistance combined with better mechanical quality than glass parts.

The worldwide vehicle glazing market is set to develop at a better-than-average pace over the following years because of the expanding premium being set on driving solace in automobiles by both purchasers and producers. Makers of vehicle coating should concentrate on glazing frameworks that improve permeability through the glass while likewise expanding the eco-friendliness of the vehicle. Players in the vehicle glazing market are concentrating on the R&D of items that are economical and are probably going to boost their benefits during the gauge time frame.

Global Automotive Glazing Market Drivers:

The global automotive glazing market is growing quickly, as this element is lightweight and has unrivaled thermal and embellishment attributes. The accessibility of different money-related choices has supported the deals of vehicles and, thus, is driving the development of the vehicle glazing business. Ascend, in the interest for improved stylish appearance and upgraded permeability and visual solace, is inciting the selection of different glazing innovations, for example, hydrophobic, sun control, and switchable, in this way boosting the automotive glazing market. Ascend in fold-over windshields and increment in coating surface territory are evaluated to drive the vehicle glazing industry. The rising pattern of sunroofs and quarter glass is anticipated to support the interest in vehicle coating in the future.

Global Automotive Glazing Market Restraints:

The cost of polycarbonate gums and the cost of setting up such covering offices add to the general expense of the polycarbonate coating, consequently confining its mass appropriation. Polycarbonates contract and extend more than glass, and turn yellow and foggy, which is hampering their appropriation as windshields, and limiting the development of the global automobile glazing market.

COVID-19 Impact on the Automotive Glazing Market:

The Coronavirus pandemic has resulted in the temporary shutdown of manufacturing units and sales channels, resulting in huge losses in the automotive sector. This had a direct effect on the automotive glazing market, and it registered equal losses during this period. With the relaxation of lockdown conditions, operations have resumed normalcy, and it is predicted that the industry will reach its previous level within a short time.

REPORT COVERAGE:

This research report on the global automotive glazing market is segmented and sub-segmented into the following categories.

Global Automotive Glazing Market - By Application:

• Front Windshield
• Rear Windshield
• Sidelites
• Sunroof

Developing an interest in improved security against the powers of nature and frontal effect in case of mishaps are the driving components for the interest of the front windshields. In this manner, the front windshield section rose as the dominating portion with USD 8.12 billion in income in 2017. Rising customer inclination for vehicles with preinstalled sunroofs is foreseen to drive the sunroof section to develop at a CAGR of 8.97% over the conjecture time frame.

Global Automotive Glazing Market - By Product:

• Laminated Glass
• Tempered Glass
• Polycarbonate

The development in the interest for laminated glass can be credited to the creative assembling process utilizing sandwich polyvinyl butyral (PVB) interlayer. In addition, the capacity of the glass to remain flawless in case of an accident further extends the section share. Attributable to its broad use in the manufacture of windshields because of its high effect opposition and improved security properties, the laminated glass portion rose as the pioneer in the worldwide automotive glazing market with USD 11.08 billion income in 2017. The polycarbonate fragment is anticipated to advance at the most noteworthy CAGR of 6.89% over the estimated time frame. Properties of polycarbonate glass, for example, high impact obstruction and heat opposition, are relied upon to be the driving variables for this expanded development rate.

Global Automotive Glazing Market - By End-Use:

• Passenger Cars
• LCV
• HCV

Expanding worldwide interest in passenger vehicles with cutting-edge security highlights drove the passenger vehicle portion to develop as the pioneer with USD 17.20 billion income in 2017. Inferable from the developing usage of polycarbonate glass for diminishing the general load of the vehicle, the heavy commercial vehicle portion is anticipated to develop at a consistent pace over the estimated time frame.

Global Automotive Glazing Market – By Region: 

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America is relied upon to develop at a moderate rate with LCV going to be the quickest developing section. The locale is the biggest LCV-producing business sector, and this pattern is foreseen to proceed over the estimated time frame, affecting the market pattern on a positive note. Germany was the most critical market in Europe and created more than 5,746,800 vehicles in 2016, which legitimately affected the interest in the coating. The popularity of inventive glazing frameworks by the European makers to deliver stylishly engaging extravagance vehicles is relied upon to force makers to put resources into R&D to improve item structure and quality. Asia Pacific will represent a crucial portion of the automotive glazing industry. This can be credited to the presence of different car producers over the area concentrating on dining a wide scope of vehicles over various sections, including hatchbacks, SUVs, cars, hybrids, and MUVs, among others. Additionally, nations including China, Japan, and India represent a huge offer of in-vehicle deals yearly. For example, as per the OICA, the nations joined represented new passenger vehicle deals of in excess of 32 million in 2019. The business in Brazil was at USD 937.4 million in 2016 and is estimated to develop at a CAGR of 2.3% from 2020 to 2025. Expanding speculations by the universal organizations including Renault-Nissan, Toyota, and Group PSA for manufacture extension in the locale is relied upon to drive the business development.

KEY MARKET PLAYERS:

Pilkington, SABIC, Saint Gobain, AGC, Guardian Industries Corp., Corning, Xinyi Glass. These market players dominate the global automotive glazing market.

RECENT DEVELOPMENTS IN THE MARKET:

• An Ontario-based windshield producer Pilkington Glass is palling to spend $4.3 million on development to expand manufacture by about 50 percent.
• SABIC, a worldwide innovator in the chemical business, presented at NPE 2018, corner S19001, LEXAN™ MARGARD™ FHC10 sheet, the most recent expansion to the organization's extending vehicle glazing portfolio.
• SABIC Innovative Plastics reported new scratch and scraped spot assessment capacities, including new strategies and procedures to separate, measure, test, and forestall surface harm to polycarbonate (PC) coating for elite vehicle coating applications.
• Saint-Gobain Sekurit and Corning Incorporated (NYSE: GLW) reported that they have consented to an arrangement to set up a selective joint endeavor, similarly claimed by Saint-Gobain and Corning, to create, produce and sell lightweight vehicle glazing solutions.