Automotive Polycarbonate Glazing Market (By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV); By Application: Windscreen, Sidelite, Backlite, Sunroof, Others; By Sales Channel: OEM, Aftermarket) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global automotive polycarbonate glazing market is poised to hit around US$ 2.9 bn by 2026, growing at a CAGR of 12.4% over the forecast period 2019 to 2026.

Automotive polycarbonate glazing is manufactured or produced from foam material such as polyurethane, polypropylene, nylon, rubber and combination of these materials.The main functions of automotive polycarbonate glazing are to safeguard the vehicle exterior surface from corrosion, dirt, and wear.Automotive polycarbonate glazing offers vehicle exterior clean, easy maintenance, and increases durability. Based on application, glazing is used in various applications which includes windscreen, sidelite, backlite, sunroof, and others.

Market Dynamics

The growth of the automotive polycarbonate glazing market is primarily driven by growing number of vehicle sales,increase in adoption of sunroof in passenger cars,consumer preference towards enhancing aesthetic appeal to vehicle, and technological advancements in automotive polycarbonate glazing. Furthermore, government regulations in automotive industry due to offering lightweight parts and material and aftermarket players to provide safe and economical automotive polycarbonate glazing and consumer focus towards glazing to enhance appearance and glow of the vehicle and advanced designing options in automotive glazing is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing automotive aftermarket industry, increase in demand for electric vehicles, technological advancement and increase in the number of applications are expected to create opportunities for the manufacturers in the global market over the forecast period. However, volatile prices of raw material and low familiarity of the engineers with advanced plastic glazing are expected to hamper the growth of the global automotive polycarbonate glazing market in the coming years.

By application, front lighting segment dominated the automotive polycarbonate glazing market

The front lighting segment accounted for approximately 44% of the share in the global automotive polycarbonate glazing market in 2018.Increase in vehicle production and growing demand for customized glazing of front side of the vehicle, government regulations towards increased lighting size and regular sales of front lights is further expected to raise segment over the forecast period.

By vehicle type, passenger cars segment dominated the automotive polycarbonate glazing market

The passenger cars segment accounted for approximately 32% of the share in the global automotive polycarbonate glazing market in 2018. Growing demand for luxury passenger carand rapid industrialization and increase in production and sales of passenger car in developing countries such as India, China, and Indonesia, and increase in purchasing power of consumers is further expected to raise segment over the forecast period.Owing to its growing consumer focus towards improving aesthetic appeal, rising focus towards safety and life of exterior components, and supportive government initiatives for automotive polycarbonate glazing in research and development centers further grows the demand for passenger carapplications during the forecast period.

By sales channel, after market segment dominated the automotive polycarbonate glazing market

The aftermarket segment accounted for approximately 57% of the share in the global automotive polycarbonate glazing market in 2018. Rising aftermarket industry, rising demands for replacements, increase in number of private level shops are some of the factors expected to increase the demand for aftermarket, and availability of less quality products in aftermarket is further expected to raise segment over the forecast period.

The market research study on “Automotive Polycarbonate glazing market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global automotive polycarbonate glazing market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global automotive polycarbonate glazing market, its application, vehicle type, sales channel, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive polycarbonate glazing market size and volume, and segment markets by application, vehicle type, sales channel, and geography along with the information on companies operating in the market. The automotive polycarbonate glazing market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, Asia-Pacific dominated the regional market with a maximum market share

Asia-Pacific accounted for the high market share of the automotive polycarbonate glazing market and the region is also expected to maintain its dominance over the forecast period. The region is experiencing the maximum growth owing to the rapid consumption of automotive polycarbonate glazing in various applications, presence of automotive polycarbonate glazing companies, rapid growth in the automotive aftermarket industry. Moreover, increasing demand for glazing materials for passenger vehicles from various countries of the region, such as China, India, and Thailand, growing manufacturing facilities due to low manufacturing costs and supportive government incentives, and expanding manufacturing base are also propelling the growth of automotive polycarbonate glazing in the Asia-Pacific region.Europe is followed by the Asia-Pacific region in the automotive polycarbonate glazing market.

North America is expected to hold the highest CAGR in the global market during the forecast period. The growing automobile production in the US and Canada and increase in innovation and development in automotive polycarbonate glazing, and growing automotive industry in Mexico, are expected to enhance the market growth in the global automotive polycarbonate glazing market during the forecast.

The players profiled in the report include Mitsubishi Engineering Plastics, Covestro, Freeglass, SABIC, and Webasto, Engle Machinery Inc., Trinseo, Chi Mei Corporation, Krd Sicherheitstechnik, Guardian Industries, Saint-Gobain, Sumitomo Corporation, and Evonik, among others. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)

Market By Application

• Windscreen
• Sidelite
• Backlite
• Sunroof
• Others

Market By Sales Channel:

• OEM
• Aftermarket

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa