Global
Automotive Polycarbonate Glazing Market : Snapshot
The
global market for automotive polycarbonate glazing displays high
growth potential with the increasing demand for fuel-efficient
vehicles across the world. With rising pollution levels and
exhaustion of conventional fuel resources, the demand for energy
efficiency and reduced fuel consumption is driving adoption of
polycarbonates for automotive glazing. This is because use of
polycarbonates reduces vehicle weight, which in turn, improves fuel
efficiency and reduces vehicular emission.
Polycarbonates
are plastics that at contain the chemical carbonate group. They are
transparent like glass and are flexible having high thermal
resistance. Polycarbonates are used in plastic lens in eyewear, CDs,
DVDs, medical devices, and exterior lighting fixtures among others.
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Polycarbonate
material are used in glazing or window installation in the automotive
sector. Polycarbonates display the property to be cooled and
re-heated without material degradation. They help in better shape,
design, and styling of automobile windows and provide better design
and functional integration than glass glazing.
A
major opportunity in the market for automotive polycarbonate glazing
is the rising acceptance of electric and hybrid vehicles. Automobile
giants such as Volvo Car Corp. BMW AG, and Daimler AG have plans to
increase production of electric vehicles in the forthcoming years.
Polycarbonate glazing is useful in reducing weight of electric
vehicles, which in turn, helps improve fuel efficiency and reduce
vehicular emission. Another major opportunity for automotive
polycarbonate glazing is for automotive lighting.
Transport
regulations in developed regions is a major restraint to the
automotive polycarbonate glazing market. For example, the transport
regulation in the U.S. under the Federal Motor Vehicle Safety
Standards (FMVSS) 205 specify only laminated and tempered glass in
automotive glazing. Polycarbonate materials are not scratch resistant
and need to be coated with special coating chemicals through plasma
coating or wet coating technology. This increases the cost of glazing
in automobiles when polycarbonate materials are used.
Passenger
Vehicle Expected to Hold Increased Market Share by 2025
In
terms of application, the market is segmented into front windshield,
rear windshield, side window, and sunroof. Amongst these, side window
segment contributed the dominating revenue of 43.7% to the overall
market in 2016. This was followed by front windshield segment
contributing 21.1% revenue to the market in 2016.
On
the basis of vehicle type, the market is classified into passenger
vehicles and commercial vehicles. Of the two, passenger vehicles
contributed a phenomenal 73.8% revenue to the automotive
polycarbonate glazing market in 2016. The revenue contribution of
this segment is poised to reach 74.4% by 2025.
Asia
Pacific to Continue Contributing Significant Revenue to Market
The
global market for automotive polycarbonate glazing is divided into
the regional segments of North America, Europe, Asia Pacific, the
Middle East and Africa, and Latin America. Asia Pacific, amongst
these, held the leading share of 40.0% in the market in 2016. Major
domestic markets for automotive polycarbonate glazing in the region
are China, Japan, South Korea, Australia, and India. Polycarbonate
glazing in the automotive sector is used in India in high-end
vehicles including bulletproof cars.
Europe
stood as the second-leading regional segment in 2016 holding 29.0% of
the market. This was followed by North America accounting for 24.0%
of revenue of the overall market in the same year. In 2016, Germany
held the leading share of 30.0% in the market followed by the U.K.,
France, Italy, Spain, and the rest of Europe.
Key
vendors in the market for automotive polycarbonate glazing profiled
in this report include Covestro AG, Webasto SE, SABIC, KRD
Sicherheitstechnik GmbH, Freeglass GmbH & Co. KG, Teijin Ltd,
Engle Machinery Inc.,, Exatec LLC, and Gallina.
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