Automotive Glazing Market 2023 Opportunities, Segmentation, Assessment and Competitive Strategies by 2032

The global automotive glazing market size was USD 20.0 billion in 2022 and is expected to reach USD 47.16 billion in 2032, and register a revenue CAGR of 10% during the forecast period. Increased consumer safety concerns, advances in glazing technology, and rising demand for lightweight and fuel-efficient automobiles are major factors driving market revenue growth.

Revenue growth of the market for automotive glazing has been significantly driven by the move toward lighter automobiles. Automotive glass is a crucial part of a car's body, thus lightening it up can improve fuel economy and cut carbon emissions. Manufacturers are adopting lightweight glazing solutions since polycarbonate glazing is both lighter and more durable than conventional glass. Polycarbonate glazing is a great option for vehicle glazing because it offers superior sound insulation, Ultraviolet (UV) protection, and impact resistance compared to conventional glass.

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Demand for lightweight glazing solutions is driven by considerable shift toward electric and hybrid vehicles that the automotive industry is currently experiencing. Since larger batteries are needed for electric and hybrid vehicles, lowering the weight of other parts, such as glass, can help to increase the vehicle's range. These vehicles also need sophisticated glazing technology to protect the occupants from electric shock in the case of an accident caused by high voltage of the battery.

Revenue growth of the market is expected to be driven by improvements in glazing technology. The performance of vehicle glass has improved with the development of sophisticated glazing materials such as self-healing coatings, anti-fogging coatings, and anti-glare coatings. These innovations not only increase the visibility and safety of drivers, but they also improve the appearance of the car.

Demand for sophisticated automobile glazing has also been driven by consumers' rising safety concerns. Vehicle manufacturers have been pushed to include safety measures such as laminated glass and tempered glass as a result of increase in traffic accidents. Laminated glass is made to lower the danger of injury in the event of an accident since it keeps the glass intact even when it is broken. The danger of damage to passengers in an accident is lower when using tempered glass since it is made to shatter into little pieces.

Competitive Landscape:

• Asahi Glass Co., Ltd.
• Covestro AG
• Fuyao Glass Industry Group Co., Ltd.
• Guardian Industries
• Nippon Sheet Glass Co., Ltd.
• Pilkington Group Limited
• Saint-Gobain S.A.
• Sekisui Chemical Co., Ltd.
• Solvay SA
• Webasto SE

The global market is further segmented into type and application:

By Product Type Outlook

• Tempered Glass
• Laminated Glass
• Polycarbonate
• Others

By Application Type Outlook

• Windscreen
• Sidelites
• Backlites
• Sunroof
• Lighting
• Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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