New York, US, March 13, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Research Report by Market Research Future (MRFR), “Glazing for Automotive Market Information Report by Application, by Advanced Application, by Vehicle Type and Region - Forecast to 2030”, During the forecast period, the automotive glazing market is anticipated to increase by USD 1020 million at a CAGR of 9.90%.
Glazing Automotive Market Overview
The technique of glazing for automotive applications involves rapidly blast cooling glass that is used in these vehicles. From 600 to 300° C can be cooled in a matter of seconds. Laminated glass for use in automobiles is created through glazing. The rise in demand for meeting consumer demands for safety, comfort, and security while operating an automobile is anticipated to fuel the expansion of the glazing for automotive market. The rapidly expanding automobile industry is predicted to have a direct effect on the market for automotive glazing. Automotive consumers can choose from high performance and premium appearance glazing.
Along with having a fashionable appearance, it also guarantees client security. Automotive glazing's capacity to lower carbon dioxide emissions and vehicle weight also adds to the market's expansion. The development of the market has also been aided by new trends in the production of automobiles.
The key players of Glazing for automotive market are
- Pilkington Group Limited,
- Research Frontiers,
- American Glass Products,
- Fuyao Glass Industry Group Co. Ltd,
- Asahi Glass Co Ltd.,
- Central Glass Co. Ltd.,
- Guardian Industries Corporation,
- Pittsburgh Glass Works, LLC,
- Nippon Sheet Glass Company Ltd.
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Due to its high vehicle production and rising demand for sunroofs, the Asia-Pacific region is anticipated to have the greatest market for automotive glazing. The glazing for the automobile market is likewise expanding most quickly in the Asia-Pacific area. Due to the region's rising acceptance of innovative technology, North America is anticipated to be the second-largest market for automotive glazing.
According to estimates, the automotive industry's ancillary industries will grow, which will help the automotive market's growth by 2020. Market Research Future creates the industry reports for the automotive components sector and identifies opportunities for market growth. Throughout the forecast period, the market is expected to experience extraordinary growth.
June 2020 In order to promote the use of sustainable raw materials in the production of plastics, Neste and Covestro have announced that they are initiating a tactical partnership in Europe. Materials from renewable sources will be made available to Covestro to replace a sizeable portion of the fossil raw materials now used in the production of polycarbonates. Examples of applications for this type of high-performance plastic include automobile glazing, car headlamps, LED lighting, electrical and medical instruments.
Glazing Automotive Market Report Scope:
|Market Size by 2030||2030: USD 1,020 million|
|CAGR during 2022-2030||9.9% CAGR|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Key Market Opportunities||Increase in demand for fulfilling consumer needs related to automobile performance|
|Key Market Drivers||Increase in demand for fulfilling consumer needs of safety, comfort and security|
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According to predictions, the future growth of the automotive glazing industry would be influenced by the rise in consumer demand for meeting performance-related needs. Also, it is thought that consumers' focus on an automobile's exterior design will encourage manufacturers to compete for market share.
Glazing Automotive Market Segmentation:
Based on application, vehicle type, advanced application, and geography, a segmentation analysis of the glazing for automotive market is carried out.
The automotive market for glazing is operated on the basis of sidelite, backlight, sunroof, and lighting, depending on the mode of applications.
The automotive glazing market has been divided into off-highway vehicles and on-highway vehicles based on the kind of vehicle.
The automobile glazing industry has been divided into sun control, large wide-screen, hydrophobic glazing, and HUD based on advanced applications.
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Glazing Automotive Market Regional Analysis
Asia Pacific, Europe, North America, and other regions make up the glazing for the automobile market, according to regions.
The glazing for automobiles market has been studied regionally in places like Asia Pacific, Europe, North America, and other countries. Due to its increased vehicle production and widespread demand for sunroofs, the Asia Pacific region is predicted to be the leading market for glazing in the automotive industry. The glazing for automotive market is expanding most quickly in the Asia-Pacific region.
Due to the increased usage of cutting-edge technology in the region, the regional market of North America is anticipated to become the following key market for the glazing for automotive market.
There will likely be a significant expansion in the market as a result of the need for careful study of market cues and demand estimates. Restitution and everyday operations are expected to take some time, which will pave the path for focused development of the delivery backlogs produced. In the upcoming years, it is projected that the financial support offered by the administrations and trade organisations will take control of the issue. To fairly account for the current pandemic, the worldwide market's conundrum over the essential assets of the firms is being resolved.
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The market's growth restrictions are projected to be significant and will need to be removed to allow for positive market expansion. Throughout the projection period, it is anticipated that the unpredictability of demand and supply would have a favourable impact on the market as a whole. According to the magnitude of the influence on the global market, it is projected that the declining impacts already seen in the market would continue for the foreseeable future.
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