Automotive Polycarbonate Glazing Market Trend, Size, Industry Survey Report, Forecast Up To 2027
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Global automotive polycarbonate glazing market is estimated to grow with approx. 14.71% CAGR during the year 2019-2027 and is expected to gain $ 6366 million until the year 2027. With rapid developments in automobile technologies, conventional glass materials were replaced by high-performance materials including polycarbonates which possess the property of less weight compared to glass materials. The impact of using polycarbonates for automotive component manufacturing was observable as it decreased the overall weight of automobiles to a great extent.
Automotive Polycarbonate Glazing Market Top Key Player Analysis: The major market players of the global automotive polycarbonate glazing market areWebasto SE, Chi Mei Corporation, Covestro AG, Idemitsu Kosan Co., Ltd., Mitsubishi Chemical Corporation, Renias Co., Ltd., Sabic, Sumitomo Chemical Co. Ltd., KRD Sicherheitstechnik GmbH, Teijin Ltd., Trinseo S.A. and Engel Austria GmbH.
Automotive Polycarbonate Glazing Market Insight Analysis:
The automotive polycarbonate glazing market is segmented on the basis of vehicle type where they are further classified into passenger vehicle and commercial vehicle. A passenger vehicle is the highest contributing segment with 76.58% share. The high cost of polycarbonate glazing and strict regulations pertaining to the use of polycarbonate for windscreen are the major factors hindering the automotive polycarbonate glazing market. The side window is expected to be the fastest growing application segment over the forecast period.
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Automotive Polycarbonate Glazing Market Regional Analysis:
Geographically, the global automotive polycarbonate glazing market has been segmented by four major regions, namely, Asia Pacific, North America, Europe and the Rest of the World. The Asia Pacific region was the highest contributor to the global market. The countries considered in the Asia Pacific region are China, India, Japan, Australia, South Korea and RoAPAC. Asia-Pacific automotive polycarbonate glazing market is expected to be on up surging trend owing to strict government standards on carbon emission, fuel efficiency and vehicle weight.
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