Glazing Market Worth USD 3.94 Billion by 2021
06 Jun, 2016, 16:30 BST
PUNE, India, June 6, 2016 /PRNewswire/ --
The report "Glazing Market by Polycarbonate Material by Application (Sidelite, Backlite, Sunroof, Lighting), Advanced Application (HUD, Large Windscreen, Switchable & Hydrophobic Glazing, SunControl), On-Highway & Off-Highway Vehicles, and by Region - Forecast to 2021", The Automotive Polycarbonate Glazing Market is projected to grow at a CAGR of 17.53% from 2016 to 2021, to reach a market size of USD 3.94 Billion by 2021.
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Browse 71 market data Tables with 58 Figures spread through 170 Pages and in-depth TOC on "Glazing Market"
http://www.marketsandmarkets.com/Market-Reports/auto-glazing-market-133207870.html
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The growing trend of vehicle weight reduction, increasing focus on passenger safety, and rising demand for complex automotive designs are expected to drive the market for automotive polycarbonate glazing.
Sidelite: To be the largest application market for polycarbonate glazing by 2021
The study analyzes four key automotive applications of polycarbonate glazing namely, sidelite, backlite, sunroof, and lighting. Given the introduction of stringent emission reduction and fuel efficiency norms, vehicle weight reduction is a key concern for OEMs. One of the easiest ways to achieve vehicle weight reduction is to use polycarbonate glazing in sidelite applications. Owing to the lightweight nature and molding ability of polycarbonate glazing, the polycarbonate sidelite market (by value) is projected to surpass the lighting market by 2021, and is expected to grow at the highest CAGR during the forecast period.
Passenger cars to constitute the largest vehicle segment for polycarbonate glazing
Polycarbonate glazing helps reduce the overall weight of a vehicle. Given the stringent emission norms imposed on passenger vehicles, OEMs are likely to switch to lightweight polycarbonate glazing materials. As the production of passenger cars is increasing at a global level, these vehicles are estimated to constitute the largest segment for polycarbonate glazing.
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Asia-Oceania: Increasing production & sales of electric vehicles to drive the market
Asia-Oceania is the largest producer of vehicles in the world, with China being the largest market for electric vehicles (in terms of sales) in 2015. Owing to its lightweight nature, polycarbonate can be used as a glazing material in electric vehicles to enhance their efficiency. Considering the recent trend of growing vehicle production in this region, Asia-Oceania is projected to be the largest market for automotive polycarbonate glazing, followed by North America and Europe.
The report covers all the major players in the global automotive polycarbonate Glazing Market, including companies such as Freeglass GmbH & Co. KG (Germany), Webasto SE (Germany), Covestro AG (Germany), Saudi Basic Industries Corporation (Saudi Arabia), Teijin Limited (Japan), and Trinseo S.A. (U.S.).
The report covers the global automotive polycarbonate Glazing Market, in terms of volume (million square meters) and value (USD million). It explains the qualitative and quantitative aspects of the market on the basis of region, application, and vehicle type from 2016 to 2021. It also provides an overview of technical factors and other important aspects of the automotive polycarbonate glazing market.
The report also analyzes the polycarbonate Glazing Market for off-highway vehicles based on window glazing and lighting applications. Additionally, it studies the advanced applications of polycarbonate glazing, such as head-up display, large windscreen, switchable and hydrophobic glazing, and sun control. Presently, the market for advanced applications of polycarbonate glazing is very limited, owing to regulations related to the use of polycarbonate in windscreen applications and the high cost of polycarbonate glazing. However, assuming that these regulations will be lifted in the near future, and taking technological advancements into consideration, the report offers a scenario-based market sizing approach for the next five years.
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