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Automotive Glazing Market: Outlook, Opportunity and Demand Analysis, Forecast 2019-2025

\“Automotive Glazing Market by Polycarbonate-Application (Windscreen, Sidelite, Backlite, Sunroof, Quarter Glass, Front & Rear Lighting), Advanced Applications, Vehicle Type (On-Highway, Off-Highway, Electric & Hybrid), and Region – Global Forecast to 2025\“, The automotive glazing market, by polycarbonate, is estimated to be USD 1.4 billion in 2018 and is projected to reach USD 2.7 billion by 2025, at a CAGR of 10.13%.

The market will be driven primarily because of the increase in demand for vehicle weight reduction owing to stringent emission norms. Polycarbonate weighs 50% less than glass and provides 20 times more strength which is estimated to drive the automotive glazing market for polycarbonate.

The key players in the automotive glazing market are SABIC (Suadi Arabia), Covestro (Germany), Teijin (Japan)  Webasto (Germany) Freeglass (Germany), and Idemitsu (Japan).

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Recent Developments

In December 2018, Covestro started to build a new manufacturing line for polycarbonate films at Map Ta Phut Industrial Estate, Thailand. With this new capacity, the company will serve the fast-growing demand in Asia Pacific and strengthen its own position as a market leader. The project is the first step in a global capacity increase for Covestro´s polycarbonate film production. The total investment of more than USD 115 million also includes an expansion of the associated infrastructure and logistics.

In September 2017, SABIC announced that it is introducing new materials for its customers manufacturing LED automotive lighting parts. LEXAN™ HF4010SR resin is one of the new offerings. This polycarbonate material can help customers develop complex headlight bezels with enhanced aesthetics. SABIC has also added new grades to its existing LEXAN XHT resin line, which can offer improved flow at high temperatures compared to other high-heat polycarbonate materials.

In August 2018, Covestro announced that it would be launching flame-retardant battery housings for electric mobility or transparent and/or light-diffusing polycarbonates for energy-efficient LED lighting technology for automotive.
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Front lighting application is anticipated to be the largest segment of the automotive glazing market

All vehicles are equipped with front lighting; the average size of front lighting depends on the type of vehicle. Additionally, polycarbonate has 100% penetration in front lighting application from the last few years. Thus, increasing vehicle production has a direct impact on the polycarbonate glazing market. Moreover, average lighting size has been increased owing to the DRL mandates. Increased average size coupled with the highest penetration of polycarbonate in lighting applications is estimated to drive the front lighting application segment.

Key Questions Addressed by the Report:
Which type of glazing in on-highway vehicles is expected to dominate in the future?

How are the industry players addressing the challenge of maintaining a balance between performance and cost of a polycarbonate glazing?

When is the polycarbonate windscreen expected to get mass adoption in the automotive glazing market?

What is the market size of the automotive glazing market, by polycarbonate, for off-highway vehicles?

What are the key trends observed in the polycarbonate glazing market?
Browse Related Report:

Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region – Global Forecast to 2025

Posted by on 24. April 2019.

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Categories: Vermischtes

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