Press release
Automotive Polycarbonate Glazing Market Will Reach USD 5.81 Billion by 2025 | Covestro AG, Webasto SE, SABIC, KRD Sicherheitstechnik GmbH
Global Automotive Polycarbonate Glazing Market
Plastics that consist of the chemical carbonate group are called Polycarbonates. These are transparent like glass, flexible and having high heat resistance which can withstand at extreme temperatures. Polycarbonates are utilized in plastic contact lenses, spectacles, CDs, DVDs, exterior lighting fixtures, and medical devices, among others.
In the 2016, Global Automotive Polycarbonate Glazing Market was valued around USD 1.49 Billion. By the year 2025, it is estimated to reach USD 5.87 Million at growing CAGR of 16.5%
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Drivers and Restraints:
Global Automotive Polycarbonate Glazing Market is estimated to grow in forecasted period owing to factors such as increasing demand for less weight glazing materials, and increased usage of windscreen. Introduction of innovative designs such as sunroof and others are supporting the market growth globally. Increasing adaption of hybrid and electric vehicles, and plans of key players of market such as BMW AG, Volvo Car Corp and other companies to increase the manufacturing of electric vehicles in near future are few other market driving factors. However, there are also some restraints of the market such as transport regulations in emerged regions, increased costs of coating such as plasma coating or wet coating to make scratch resistant are slightly restraining the market.
Geographic Segmentation
Based on geography, the Asia Pacific region is accounted for highest share of the market with 40% of overall share due to the major domestic markets such as China, India, Japan, Australia, and South Korea. Europe region is trailing behind with 29% of market share and North America region contributed over 24% to the global market share.
Key Players in Global Automotive Polycarbonate Glazing Market:
The major industries competing in Global Automotive Polycarbonate Glazing Market 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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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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