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(Transportation-News.com, November 22, 2019 ) The Automotive Glass Market is projected to grow at a CAGR of 4.80% during the forecast period, to reach a market size of USD 23.59 billion by 2025.
The market is driven by increasing vehicle production & sales, demand for advanced glass technologies such as smart glass device & embedded glass, and government regulations for vehicle safety.
Demand-Side Analysis:
• Increasing Vehicle Parc and Sales Driving the Demand for Automotive Glass Aftermarket
• Increasing Production of SUVs and Luxury Passenger Cars Driving the Automotive Glass Oe Market
• Growing Demand for Advanced Materials for Automotive Glass Manufacturing
The key players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Samvardhana Motherson (India), Webasto (Germany), Xinyi Glass (China), Nippon Sheet Glass (Japan), Gentex Corporation(US), Corning (US), and Magna International (Canada).
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Laminated glass type is estimated to be the fastest-growing segment globally
Laminated glass is projected to be the fastest-growing market during the forecast period. Laminated glass in the windshield has a PVB layer sandwiched between the glass. It protects passengers from broken glass fragments and provides increased safety compared with tempered glass. The increasing use of laminated glass in sidelites (in addition to the windshield) is expected to drive the growth of the laminated glass market. While European vehicle manufacturers have started using side glazing, automotive manufacturers in the US and Japan are also following suit. Laminated side glazing improves safety and NVH (Noise, Vibration & Harshness) of the vehicle.
Asia Oceania: Largest Automotive Glass Market
Asia Oceania is estimated to be the largest automotive glass market and is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to improving socio-economic conditions in emerging economies such as China and India. The growth in population in these countries has resulted in increased vehicle production and vehicle parc. This has resulted in increased demand for automotive glass. The consumer preference for SUV in India and China is also driving the automotive glass market as the volume of glass required in SUV is significantly more than that in sedans and other passenger cars.
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Suspended Particle Device (SPD) is expected to be the largest segment of the automotive glass market by 2025
The rising demand for premium passenger cars and hybrid & plug-in hybrid vehicles has increased the demand for smart glass in the automotive industry. Among the smart glass technologies, SPD technology is projected to capture the largest market. SPD regulates the amount of heat and light entering a vehicle, provides 99% protection from harmful UV radiations, controls the cabin temperature and reduces the air conditioning unit’s consumption, and enhances safety. SPD technology is widely used in sunroofs in passenger cars. Leading OEMs such as Mercedes and BMW have introduced innovations such as Magic Sky Control and panoramic roofs in high-end luxury models.
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Mr. Shelly Singh
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newsletter@marketsandmarkets.com
Source: EmailWire.Com 
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