The Global Automotive Polycarbonate Glazing Market to Yield $3252.36 Million by 2027

As per a Triton Market Research report, the global automotive polycarbonate glazing market, that generated $1666.68 million in 2018, is predicted to grow at a CAGR of 7.82% by the year 2027.

A study by Triton Market Research with the title 'Global Automotive Polycarbonate Glazing Market,' covers the Global Analysis and Forecast for 2019-2027 by Vehicle Type (Commercial Vehicle, Passenger Vehicle), by Application (Front Windshield, Rear Windshield, Hydrophobic Glazing, Switchable Glazing, Side Window, Sunroof, Large Windscreen, Head-up Display) and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Automotive polycarbonate glazing refers to the polycarbonate materials which have glazing application in the automotive industry. This material finds its applications in panoramic roofs, windscreens, rear and side windows of the automobiles including passenger vehicles and commercial vehicles.

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According to the report, the global automotive polycarbonate glazing market is likely to reach $3252.36 million by 2027, showing growth at a CAGR of 7.82% in the forecasted years between 2019 and 2027. The growing popularity of lightweight glazing, increasing application of sunroofs in car and the stringent rules & regulations regarding carbon emission control are some of the primary factors driving the growth of the automotive polycarbonate glazing market. However, different rules and regulations regarding the usage of polycarbonate in the vehicles and the rising cost are restraining the growth of the automotive polycarbonate glazing market.

Based on the vehicle type, the automotive polycarbonate glazing market is divided into commercial vehicle and passenger vehicle. According to the application, the market is segmented into front windshield, rear windshield, hydrophobic glazing, switchable glazing, side window, sunroof, large windscreen and head-up display.

Considering the regional landscape, Asia-Pacific is anticipated to be the fastest-growing region for the automotive polycarbonate glazing market over the forthcoming years. It is also likely to be the largest automotive polycarbonate glazing market contributing the highest revenue. Due to strict government regulations on carbon emission, vehicle weight and fuel efficiency, an increased in the demand is witnessed. Besides, the rising production of vehicles along with the increasing preference of light-weight materials is also set to accelerate the regional market growth.

Chi Mei Corporation, Idemitsu Kosan Co Ltd, SABIC, ENGEL, TEIJIN, Webasto, Renias Co Ltd, Sumitomo Chemical Group, Trinseo, MITSUBISHI CHEMICAL CORPORATION, Covestro, KRD Sicherheitstechnik GmbH are some of the companies engaged in the automotive polycarbonate glazing market.

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Question & Answer: Automotive Polycarbonate Glazing Market

Question 1: What are the main factors driving the automotive polycarbonate glazing market?
Answer: The growing popularity of lightweight glazing, increasing application of sunroofs in car and the stringent rules & regulations regarding carbon emission control are some of the primary factors driving the growth of the automotive polycarbonate glazing market.

Question 2: Which factors are hampering the automotive polycarbonate glazing market?
Answer: Different regulations regarding the usage of polycarbonate in the vehicles and the rising cost are restraining the global market growth.

Question 3: In which way is the Asia-Pacific impacting the automotive polycarbonate glazing market outlook?
Answer: Considering the regional landscape, Asia-Pacific is anticipated to be the fastest-growing region for the automotive polycarbonate glazing market over the forthcoming years. It is also likely to be the largest automotive polycarbonate glazing market contributing the highest revenue. Due to strict government regulations on carbon emission, vehicle weight and fuel efficiency, an increased in the demand is witnessed. Besides, the rising production of vehicles along with the increasing preference of light-weight materials is also set to accelerate the regional market growth.

Question 4: Which firms are prominent in the automotive polycarbonate glazing market?
Answer: Chi Mei Corporation, Idemitsu Kosan Co Ltd, SABIC, ENGEL, TEIJIN, Webasto, Renias Co Ltd, Sumitomo Chemical Group, Trinseo, MITSUBISHI CHEMICAL CORPORATION, Covestro, KRD Sicherheitstechnik GmbH are some of the companies engaged in the automotive polycarbonate glazing market.

Related Report:
Global Electronic Vehicle Market

The global electronic market is expected to reap a revenue growth of $747.18 million by 2027, with a CAGR of 20.95% over the estimated period 2019-2027

The increasing proactive policies by local and national governments in the form of incentives or subsidies to encourage the use of electric vehicles is the major driver in the growth of electric vehicle market. Moreover, these vehicles are most cost-efficient as compared to the conventional petroleum vehicles. The increasing environmental problems like greenhouse gas emissions and air pollution in the growing transport sector is yet another factor aiding the market growth. With the increasing income of people, consumers can afford them easily.

The increasing capacity of the lithium-ion battery production is very crucial in increasing the demand for electric vehicles. As governments have increasingly become concerned about the greenhouse gases emission, different initiatives are undertaken regarding it, which will be beneficial to the growth of electric vehicle market. The rising research & development activities towards the development of electric vehicles will open new horizons for the market. By increasing investments towards this sector, more business opportunities can be created in the market over the coming years.

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