Increase in Automobile Demand to Drive the Global Automotive Polycarbonate Glazing Market : Ken Research

According to study, “Global Automotive Polycarbonate Glazing Market- Technologies, Market share and Industry Forecast to 2024” some of the major companies that are currently working in the global automotive polycarbonate glazing market are Chi Mei Corp., Covestro AG, Engle Machinery Inc., Freeglass GMBH & CO. Ltd, Idemitsu Kosan Co. Ltd, KRD Sicherheitstechnik GMBH, Mitsubishi Chemical Corporation, SABIC, Sumtomo Chemical Asia, Teijin Ltd., Trinseo S.A., Webasto SE.

Polycarbonates are plastics that contain the chemical carbonate group. They are used in plastic lens in eyewear, CDs, DVDs, medical devices, and exterior lighting fixtures among others. Polycarbonate materials are also used in glazing or window installation in the automotive sector. They have the property to cool and re-heat without material degradation. They help in good design, better shape and styling of automobile windows. Polycarbonate glazing is useful in reducing weight of electric vehicles, which helps in improving the fuel efficiency and reduce vehicular emission. Some of the major features are include transparency, flexibility and high thermal resistance.

On the basis of vehicle, the global automotive polycarbonate glazing market is segmented into passenger car, high commercial vehicles and light commercial vehicles. On the basis of application, the market is segmented into sidelite, backlite, front windshield, rear windshield, large windscreen, hydrophobic glazing, head-up display, switchable glazing, sunroof and lighting. On the basis of advanced application, the market is segmented into head-up display, large windscreen switchable glazing, sun control glazing and global hydrophobic glazing. In addition, on the basis of product type, the market is segmented into laminated glass, tempered glass and polycarbonate etc.

The primary driver for the wide adoption of polycarbonate in the automotive glazing is the need to comply with strict carbon emissions regulations pertaining to automotive industry coupled with increased design freedom rendered by the polycarbonate materials. Some of the other driving factors are rise in the automotive sales, demand for lightweight glazing materials, growing demand for sunroofs in cars and advancement in automotive designs. Highcost of polycarbonate glazing and strict government regulations has led increase in the usage of polycarbonate in the windshields which have impeded the growth of the automotive polycarbonate glazing market.

The various regulations pertaining to the product include Federal Motor Vehicle Safety Standards (FMVSS) 11, UN Regulation R43, FMVSS 219, FMVSS 212 and FMVSS 214: which specify flatness, thickness, size, curvature, and fabrication details to be covered during automobile glazing.

Some of the other benefits are better thermal strength, easy to shape property and high impact resistance than glass irrespective of its weight. Additionally, some of the major disadvantages are lower rigidity, scratch, high thermal expansion, abrasion and weathering resistance etc.

Asia Pacific is the leading region of the global automotive polycarbonate glazing market followed by Europe, which is primarily driven by increasing interest of the original equipment manufacturers and high vehicle production. In addition, As per to International Organization of Motor Vehicle Manufacturers (OICA), Asia Pacific accounted for over 54% share in the global vehicle production that heavily influences the automotive polycarbonate glazing market in the Asia Pacific.

In the upcoming years, automobile giants such as BMW AG, Volvo Car Corp.and Daimler AG have plans to boost production of electric vehicles.It is estimated that global automotive polycarbonate glazing market will be reached around US$ 1,770.5 million by 2025.

To know more, click on the link below:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/global-automotive-polycarbonate/171801-100.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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