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Lighting To Be The Largest Application Segment Of The Glazing By Polycarbonate Material Market
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The report "Glazing Market by Polycarbonate Material, Application (Sidelite, Backlite, Sunroof, Lighting), Advanced Application (HUD, Large Windscreen, Switchable & Hydrophobic Glazing, SunControl), On-Highway & Off-Highway Vehicles, and by Region - Forecast to 2021", The automotive polycarbonate glazing market is projected to grow at a CAGR of 17.53% from 2016 to 2021, to reach a market size of USD 3.94 Billion by 2021. The growing trend of vehicle weight reduction, increasing focus on passenger safety, and rising demand for complex automotive designs are expected to drive the market for automotive polycarbonate glazing.
Browse 73 market data tables with 57 figures spread through 135 pages and in-depth TOC on "Glazing Market by Polycarbonate Material, Application (Sidelite, Backlite, Sunroof, Lighting), Advanced Application (HUD, Large Windscreen, Switchable & Hydrophobic Glazing, SunControl), On-Highway & Off-Highway Vehicles, and by Region - Forecast to 2021"
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Sidelite: To be the largest application market for polycarbonate glazing by 2021
The study analyzes four key automotive applications of polycarbonate glazing namely, sidelite, backlite, sunroof, and lighting. Given the introduction of stringent emission reduction and fuel efficiency norms, vehicle weight reduction is a key concern for OEMs. One of the easiest ways to achieve vehicle weight reduction is to use polycarbonate glazing in sidelite applications. Owing to the lightweight nature and molding ability of polycarbonate glazing, the polycarbonate sidelite market (by value) is projected to surpass the lighting market by 2021, and is expected to grow at the highest CAGR during the forecast period.
Passenger cars to constitute the largest vehicle segment for polycarbonate glazing
Polycarbonate glazing helps reduce the overall weight of a vehicle. Given the stringent emission norms imposed on passenger vehicles, OEMs are likely to switch to lightweight polycarbonate glazing materials. As the production of passenger cars is increasing at a global level, these vehicles are estimated to constitute the largest segment for polycarbonate glazing.
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The global automotive polycarbonate glazing market is estimated to be USD 1.75 Billion in 2016, and is projected to grow to USD 3.94 Billion by 2021, at a CAGR of 17.53%. The increasing demand for lightweight materials and growing market for automotive sunroofs have fueled the growth of the global automotive polycarbonate glazing market.
The report segments the automotive polycarbonate glazing market by application (sidelite, backlite, sunroof, and lighting), by vehicle type (passenger car and light commercial vehicle), by region (North America, Europe, Asia-Oceania, and Rest of the Word), by off-highway application (window glazing and lighting) and by advanced application (head-up display, large windscreen, switchable glazing, hydrophobic glazing, and sun control glazing). Sidelites are estimated to be the fastest-growing application market for polycarbonate glazing. Owing to their lightweight nature and ability to be molded into complex shapes, polycarbonate sidelites are gaining momentum in the automotive glazing market. Passenger cars are estimated to constitute the largest vehicle segment for polycarbonate glazing, due to the increasing adoption of sunroofs and panoramic roofs in mid-segment to premium cars. Sun control glazing is expected to be the largest advanced polycarbonate glazing application market. The market for advanced applications such as head-up displays and large windscreens is dependent on regulations permitting the use of polycarbonate in these applications.
Asia-Oceania: Increasing production & sales of electric vehicles to drive the market
Asia-Oceania is the largest producer of vehicles in the world, with China being the largest market for electric vehicles (in terms of sales) in 2015. Owing to its lightweight nature, polycarbonate can be used as a glazing material in electric vehicles to enhance their efficiency. Considering the recent trend of growing vehicle production in this region, Asia-Oceania is projected to be the largest market for automotive polycarbonate glazing, followed by North America and Europe.
The report covers all the major players in the global automotive polycarbonate glazing market, including companies such as Freeglass GmbH & Co. KG (Germany), Webasto SE (Germany), Covestro AG (Germany), Saudi Basic Industries Corporation (Saudi Arabia), Teijin Limited (Japan), and Trinseo S.A. (U.S.).
The report covers the global automotive polycarbonate glazing market, in terms of volume (million square meters) and value (USD million). It explains the qualitative and quantitative aspects of the market on the basis of region, application, and vehicle type from 2016 to 2021. It also provides an overview of technical factors and other important aspects of the automotive polycarbonate glazing market.
Sidelites are estimated to be the fastest-growing application market for polycarbonate glazing. Owing to their lightweight nature and ability to be molded into complex shapes, polycarbonate sidelites are gaining momentum in the automotive glazing market. Passenger cars are estimated to constitute the largest vehicle segment for polycarbonate glazing, due to the increasing adoption of sunroofs and panoramic roofs in mid-segment to premium cars. Sun control glazing is expected to be the largest advanced polycarbonate glazing application market. The market for advanced applications such as head-up displays and large windscreens is dependent on regulations permitting the use of polycarbonate in these applications.
The automotive polycarbonate glazing ecosystem includes resin manufacturers such as SABIC (Saudi Arabia), Covestro AG (Germany), Teijin Limited (Japan), and Trinseo S.A. (U.S.), glazing manufacturers such as Freeglass GmbH & Co. KG (Germany), Webasto SE (Germany), and KRD Sicherheitstechnik GmbH (Germany), automotive original equipment manufacturers (OEMs) such as Toyota Motor Corporation (Japan), Volkswagen AG (Germany), and Ford Motor Company (U.S.), and institutes such as the Auto Glass Safety Council (AGSC), National Glass Association (NGA), Auto Glass Association (AGA), Australian Glass & Glazing Association (AGGA), European Glass and Glazing Association, and Independent Glass Association (IGA).
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• Manufacturers of automotive polycarbonate glazing
• Dealers and distributors of automotive polycarbonate glazing
• Industry associations
• Investment firms
• Equity research firms
• Private equity firms
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