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Growing Preference for Luxury Cars is Driving the Automotive Glass Market | Corning, SAINT-GOBAIN, Xinyi Glass
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Key Trends
One of the key trends in automotive glass technology is the development of laminated glass. Laminated glass is made by bonding two or more layers of glass together with a layer of plastic in between. This type of glass is more resistant to breakage and is often used in the windshields of vehicles.
Another trend is the development of tinted glass. Tinted glass is made by adding a dye to the glass during the manufacturing process. This glass is used to reduce the amount of sunlight that enters the vehicle, and can also help to reduce the amount of heat that builds up inside the vehicle.
Finally, there is a trend towards the use of glass that has been treated with a special coating. This coating can help to reduce the amount of glare from the sun, and can also help to keep the glass cleaner for longer periods of time.
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Key Drivers
There are various key drivers of the automotive glass market.
Firstly, the global automotive glass market is primarily driven by the increasing demand for passenger cars and commercial vehicles.
Secondly, the rising concerns over road safety and security are also boosting the demand for automotive glass.
Thirdly, the advancements in glass technology and the introduction of new glass products are also fueling the growth of the automotive glass market.
Fourthly, the stringent government regulations regarding vehicle safety are also propelling the demand for automotive glass.
Finally, the increasing disposable incomes and the growing preference for luxury cars are also expected to drive the automotive glass market in the coming years.
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Market Segments
The Automotive Glass Market is segmented on the basis of application, vehicle type, sales channel and region. Depending on application, the market is classified into front windshield, rear windshield, sidelites, and sunroof. By vehicle type, it is classified into passenger cars and commercial vehicles. Depending on sales channel , the market is classified into OEM and aftermarket. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players
The Automotive Glass Market report includes players such as SAINT-GOBAIN, Asahi India Glass Limited, Fuyao Glass America, Motherson Group, Webasto Group, GENTEX CORPORATION, Magna International Inc., Xinyi Glass, Corning and Hitachi Chemical Co.
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