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Global Automotive Glazing Markets, 2020-2024 by Application & Vehicle Type - Key Players are SABIC, Covestro, Teijin, Webasto, and Trinseo

Research and Markets
·5-min read

Dublin, Oct. 28, 2020 (GLOBE NEWSWIRE) -- 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.

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.

Asia Oceania is estimated to be the largest automotive glazing market during the forecast period.

The Asia Oceania is projected to lead the automotive glazing market owing to high vehicle production as China and India are the production hub for passenger cars such as SUVs and premium cars. Moreover, Asia Oceania is estimated to be the largest market because of highly populated countries such as China and India, coupled with high-income economies such as Japan and South Korea.

These factors have increased the production of premium vehicles in the region, which are estimated to have high polycarbonate usage in their glazing applications. Furthermore, the increasing disposable income in the region has led to increased demand for premium passenger cars, which is estimated to drive the overall demand for automotive glazing.

The recent COVID-19 pandemic is expected to impact the global automotive industry. The entire supply chain is disrupted due to a limited supply of parts. For instance, Hubei province in China accounts for 8 -10% of the Chinese auto production and is impacted severely by pandemic. China suppliers around the globe placed production lines on halt or temporarily shut them down the production facilities. Also, legal and trade restrictions, such as sealed borders, increased the shortage of required parts.

Such disruption in the supply chain is expected to affect the assembly of OEMs in Europe and North America. Thus, growth may have been derailed in 2020 owing to the COVID-19 outbreak. However, as per estimates, the Asia Oceania will witness growth in the forecast period owing to the successful containment of the virus in countries such as China, Japan, and South Korea

The automotive glazing market is dominated by global players and comprises several regional players. The key players in the automotive glazing market are SABIC (Suadi Arabia), Covestro AG (Germany), Teijin (Japan) Webasto SE (Germany), and Trinseo (U.S).

Market Dynamics

Drivers

  • Increased Use of Polycarbonate Glazing as It is Lighter in Weight Than Glass

  • Flexibility of Polycarbonate Enables Advanced Designing in Automotive Applications

  • Adoption of Polycarbonate Glazing in Sunroofs

  • Higher Use of Impact-Resistant Polycarbonate Over Glass in Off Highway Vehicles

Restraints

  • Low Familiarity of Engineers in Advanced Plastic Glazing

  • Volatile Market and High Cost of Polycarbonate

Opportunities

  • Increased Adoption of Polycarbonate Glazing Applications Such as Windshields

  • Polycarbonate Usage to Remove Blind Spot Area-A-Pillar

Challenges

  • Scratch-Prone Property and Low Visibility of Polycarbonate Material Over Automotive Glass

  • Consumer Preference for Glass Over Polycarbonate Which Has Higher Tensile Strength and is Lighter

Revenue Impact

Ecosystem

Average Selling Price Analysis

Use Cases

  • Sabic: Lexan Resin for Automotive Applications

  • Covestro: Markolon Resin for Automotive Lighting

Technological Analysis

  • Prospects for Material Suppliers

  • Oem Initiatives

Government Regulations

Patent Analysis

Companies Mentioned

  • 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/tmi7ld

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