The Global Automotive Glazing Market size is estimated to be USD 1.0 billion in 2020 and is projected to reach USD 1.7 billion by 2025, at a CAGR of 9.9%.
The demand for automotive glazing is driven by the increasing production of passenger cars and SUVs. Passenger cars and SUVs will drive the demand for high potential applications such as sunroof and rear quarter glass.
Opportunity: Polycarbonate usage to remove blind spot area-A-pillar
The A-pillar is the pillar that joins the hood to the bonnet of a vehicle. This pillar affects the vision of the driver as it often creates a blind spot, which creates accident-prone scenarios. Numerous vehicles have a particular vision problem. In sports cars with aggressively raked windshields, A-pillars of various thicknesses can severely block the view. On extreme or tight curves, it’s very common for the pillar to obscure the road ahead critically. This is frustrating for drivers and can be dangerous as well. Many people are at risk of accidents due to the blind spot created by A-pillar. Many OEMs are trying to find solutions using multiple techniques. In this regard, Toyota and Volvo have already registered a patent for a different type of A-pillar. This may provide an opportunity to polycarbonate glazing manufacturers as polycarbonate provides the strength needed for the A-pillar. Additionally, as polycarbonate is transparent, it provides a wide range of visibility to the driver and eradicates the possibility of a blind spot because of A-pillar.
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Increased demand for fuel efficiency has sparked the adoption of lightweight materials such as polycarbonate. Moreover, in 2016, the ECE allowed the usage of plastics in the windscreen, which has had a positive impact on polycarbonate usage in the glazing market. To reduce the weight of glazing, OEMs are expected to start the usage of polycarbonate windscreens in coming years for passenger cars in the initial period, and later for commercial vehicles. Moreover, the increase in demand for better flexibility for advanced designing options is also driving the demand for polycarbonate, as it can adapt to any design and shape through blow molding. The above factors make polycarbonate a better material than glass in the automotive glazing market. However, the growth of polycarbonate in automotive glazing may get hindered due to the scratchy nature and pricing of polycarbonate.
Sidelite is estimated to be the fastest glazing market by application. This high growth can be attributed to the increasing premium vehicle production across the globe. Premium vehicles are estimated to be the early adopters of polycarbonate glazing. Moreover, the average surface area of the sidelite per vehicle is higher than other applications such as sunroof and rear quarter glass. Buses have the highest average surface of the sidelite because of the number of windows and their size.
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Unlike passenger cars, off-road vehicles are mostly used in rough conditions. The main application of glazing in off-highway vehicles is safety. Construction and mining equipment are used in conditions where low visibility issues may result in fatal accidents. These accidents can be caused by many factors, such as moving projectiles, steep grades, overloaded vehicles, or driver error. To avoid this kind of accident, off-highway vehicles require the installation of better safety components. Collision is generally the main cause of accidents with off-highway vehicles. Collisions can cause windshields to break and may affect the safety of the driver. This has raised the demand for a safe cabin for drivers in off-highway vehicles. Also, because of the ROPS and FOPS operator protection mandates, the demand for polycarbonate glazing has increased in the off-highway segment. Off-highway vehicles such as agricultural tractors, construction equipment, and few forestry-related vehicles have high polycarbonate usage potential in their cabins. This can be an opportunity for polycarbonate manufacturers as infrastructure spending is set to increase in the coming future. That, in turn, will drive the demand for construction equipment and subsequently polycarbonate glazing in the future.
Some of the key players in the automotive glazing market are SABIC (Suadi Arabia), Covestro AG (Germany), Teijin (Japan), Webasto SE (Germany), Trinseo (US), Mitsubishi (Japan), Chi Mei Corporation (Taiwan), Freeglass (Germany), KRD Sicherheitstechnik (Germany), and Idemitsu (Japan).
