Market Research Report
Global Automotive Polycarbonate Glazing Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||657084|
|Published||Content info||240 Pages
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|Global Automotive Polycarbonate Glazing Market - Technologies, Market share and Industry Forecast to 2024|
|Published: June 20, 2018||Content info: 240 Pages||
Global automotive polycarbonate glazing market is expected to grow with the CAGR of over 17% during the forecast period 2017-2024. The use of polycarbonate in the automotive glazing results in significant reduction in weight which is directly related to the fuel efficiency, further greater designed flexibility offered by the polycarbonates have leveraged its wide adoption in the automotive sector. Escalating demand for lightweight glazing materials, rise in automotive sales, growing demand for sunroofs in cars, advancement in automotive designs are the other major factors driving the global automotive polycarbonate glazing market. However high cost of polycarbonate glazing, strict government regulations on the use of polycarbonate in the windshields are the factors that restrict the growth of the automotive polycarbonate glazing market.
Global automotive market report covers three major segments that are application, vehicle type and advanced application. The vehicle Segment is further segmented into passenger car and light commercial vehicles. The application segment is segmented into Sidelite, Backlite, Sunroof, Lighting and Others and the advanced application segment is sub-segmented intoHead-up Display, Large windscreen, Switchable glazing and Sun Control Glazing. The passenger car segment dominates the vehicle type segment in terms of revenue in 2017. Strict emission norms imposed on the passenger cars have led to the wide adoption of polycarbonate glazing in the passenger car. The sidelite segment dominates the application segment owing to wide adoption of polycarbonates in the sidelite primarily due to high weight reduction.
Geographically, Asia Pacific dominates the global automotive polycarbonate glazing market followed by Europe; moreover, Asia Pacific is expected to grow with the highest CAGR over the forecast period of 2017-2024. The Asia Pacific automotive polycarbonate glazing is primarily driven by high vehicle production in Asia Pacific and coupled with the increasing interest of the Original equipment manufacturers in the polycarbonate glazing material. As per to International Organization of Motor Vehicle Manufacturers (OICA), Asia Pacific accounted for over 54% share in the global vehicle production that heavily influences the automotive polycarbonate glazing market in the Asia Pacific.
The key players in global automotive polycarbonate glazing market are Sabic (Saudi Arabia) Covestro Ag (Germany), Teijin Limited (Japan), Trinseo S.A. (U.S), Idemitsu Kosan Co., Ltd.(Japan) And Mitsubishi Chemical Corporation (Japan). These companies are adopting various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product launch are the key strategies adopted by companies in global automotive polycarbonate glazing market.