Automotive Polycarbonate Glazing Market – Worldwide Growth Analysis 2016-2022
The report “Global Automotive Polycarbonate Glazing Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” is the latest addition to the DecisionDatabases.com’s vast repository of market research reports across 10 industry domains. The market is foreseen to show a double digit growth over the study period.
The global automotive polycarbonate glazing market
is expected to witness a significant growth over the forecast period owing to the growing demand for light-weight glazing material along with the rapid growth in automotive sunroof market across the globe. Moreover the robust growth in the advanced automotive designing technology is anticipated to further aid to the growth of this market in the near future. The growing preference for using a low-weight vehicle and increasing focus on the safety of passengers are also some of the factors driving the market uphill. However, the high cost of these material and stringent regulations which prohibits the usage of this material for manufacturing of windscreen are major restraints, which can negatively impact the market growth in the next years.
Due to increasing stringent regulations regarding emission reduction and fuel efficiency standards, the original equipment manufacturers (OEMs) are forced to switch to the use of this material in order to reduce vehicle weight, which in turn will propel the demand for automotive polycarbonate glazing market in the stipulated period. With the rising production of light-weight passenger vehicles at a global level, this market is projected to represent the largest materials segment for automotive production in the near future. Growing trends of electric vehicles and rising usage of polycarbonate glazing materials to make it a light-weight vehicle will have a positive impact on the market growth for automotive polycarbonate glazing in the forthcoming years.
The report segments the market on the basis of types into the passenger car, and light commercial vehicle. The report has been further segmented based on applications into sidelite, backlite, sunroof, and lighting. The automotive polycarbonate glazing market has been segmented based on off – highway application and advanced application. The sidelite is a leading application segment and is projected to continue its dominance over the forecast period on account of to its growing demand in the automobile sector due to its application as light-weight and molding nature across the globe.
Asia Pacific is a fastest growing market for automotive polycarbonate glazing materials and is anticipated to witness a double-digit growth within the stipulated period owing to the rising production volume of vehicle and surging preference for sunroofs in the region. North America is a growing market for polycarbonate glazing and is projected to grow at a considerable rate in the near future due to rapid technological advancement
The key industry players include Covestro AG, Saudi Basic Industries Corp, Webasto SE, Freeglass GmbH & Co. Kg, Idemitsu Kosan Co., Ltd., Mitsubishi Engineering - Plastics Corporation, Trinseo S.A., Teijin Limited, CHI MEI Corporation, and Krd Sicherheitstechnik GmbH. Major players are focusing on the launch of new products and forming an alliance with major OEMs to expand their market.
In Dec 2012, SABIC’s Innovative Plastics business has launched Fiat’s 500L MPV by using polycarbonate (PC) glazing materials for automotive rear fixed side window applications
In June 2016, Covestro LLC has launched a new polycarbonate Makrolon® AX , designed for high-gloss automotive exterior applications to meets the emerging needs of the automotive industry and to satisfy surface quality and color homogeneity requirements.
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