Market Research Report
Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||930490|
|Published||Content info||109 Pages
Delivery time: 2-3 business days
|Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: March 12, 2020||Content info: 109 Pages||
The global automotive glass market is currently witnessing a healthy growth. Automotive glass refers to tempered or laminated glass that is used for manufacturing of windscreens and windows of a vehicle. Laminated glass is fabricated using two glass sheets with a layer of polyvinyl butyral (PB) in between to endure extreme heat and impacts without shattering. On the other hand, tempered glass is manufactured as a one-ply product that turns into non-sharp pieces upon breaking, for enhanced safety of the passengers. Apart from this, automotive glass offers water-resistance, superior aerodynamic features and protection against ultraviolet (UV) radiation, rain, fog, dust, sun and external noises.
Significant growth in the automotive industry across the globe is one of the key factors driving the market. Increasing consumer inclination toward luxury and premium cars that are equipped with advanced utility and safety features, such as glass sunroofs, are significantly contributing to the market growth. Furthermore, various technological innovations, including the development of smart automotive glass and its integration with the in-vehicle entertainment systems, are also providing a boost to the market growth. Smart glass can modify light intensity, voltage fluctuations and heat variations of the vehicle, which aid in improving the overall driving efficiency, passenger comfort and safety. The glass is used as a digital interactive surface for advertising, entertainment and panoramic experiences. Other factors positively influencing the market growth include the increasing purchasing power of consumers, rapid urbanization in emerging nations and widespread adoption of electric and hybrid vehicles across the globe. Looking forward, IMARC Group expects the market to reach a value of US$ 22.7 Billion by 2025, registering a CAGR of 4.2 % during 2020-2025.
The competitive landscape of the industry has also been examined with some of the key players being Asahi Glass, Corning, Fuyao Glass, Gentex, Hitachi Chemical, Magna, Nippon Sheet Glass, PGW, Polytronix, Saint-Gobain, Samvardhana Motherson, Webasto, Xinyi Glass, Ltd. etc.