Glazing for Automotive Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023. —
The global gazing for automotive market is projected to grow at a massive pace over the forecast period. The market is expected to rise due to an expanding automotive industry. The expansion of the automotive sector leads to the increasing demand for safety, security, and comfort while driving the vehicle and offers opportunity to fulfill the same. Additionally, the growing popularity of cars with sunroof systems is anticipated to positively influence the global market.
On the other side of the coin, factors like the high cost associated with the process and several regulations imposed by the government and other institutions prohibiting the use of polycarbonate are expected to be a major constrain to the global market over the forecast period.
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The global glazing for automotive market is regionally distributed among the following regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The glazing for automotive market, as mentioned above, is expected to grow at rapid pace over the forecast period. Much of the growth of the global market can be attributed to Asia Pacific. The region heads the global charts with the largest share of the market and is expected to maintain its stronghold over the market in the coming years as well. This is due to the high production rate of vehicles therein and the growing demand for sunroof.
Another key region in the global glazing for automotive market landscape is North America. The region holds the second largest position globally in terms of market share and is anticipated to grow at a significant pace over the forecast period. This is due to the fast-paced adoption of new technologies and the rapid scale usage of advanced automotive requirements.
The global glazing for automotive market segmentation is broken down in terms of vehicle type, application, and advanced application.
By application, the market segments into sunroof, backlight, sidelite, and lightening.
By vehicle type, the market divides into off-highway vehicles and on-highway vehicles.
By advanced application, the market includes sun control, large wide-screen, HUD, and hydrophobic glazing.
A considerable number of players operate in the global glazing for automotive sector. Some of the identified names by MRFR are as follows: Guardian Industries Corporation, Pilkington Group Limited, Asahi Glass Co Ltd., Research Frontiers, Central Glass Co. Ltd., American Glass Products, NordGlass, Fuyao Glass Industry Group Co. Ltd, Nippon Sheet Glass Company Ltd., Pittsburgh Glass Works, LLC, and others. The players bring forward new developments and innovation to edge past their competitors and establish their name in the global landscape.
May 31st, June, Sabic made an announcement concerning the introduction of a new polycarbonate sheet material to its ever-expanding automotive glazing portfolio. Named as Lexan Margard FHC10, it is engineered to go in accordance to the strict requirements of ECE R43.
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