Automotive Glass Market is being driven by increase in Applications of Glass & Penetration of Smart

According to the market research report Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region - Global Forecast to 2025, Automotive glass demand is increasing due to increasing vehicle production, especially SUV/MPV segment, and the growing demand for smart glass technologies to improve the safety as well as fuel efficiency.

The automotive glass market is projected to grow at a CAGR of 4.80% during the forecast period and is estimated to grow from USD 16.21 billion in 2017 to reach USD 23.59 billion by 2025.

Speak to analyst

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=229009655

Exponentially growing vehicle production and sales around the globe, increasing glass applications in passenger cars, growing popularity of SUV, and the trend of laminated side glazing to improve safety are identified as the key drivers for the automotive glass industry. The study estimates automotive glass market to grow at a CAGR of 4.80% from 2017 to 2025. The automotive glass market is also influenced by government regulations for vehicle safety, advancements in smart glass technologies that help optimize the cabin temperature and increase fuel efficiency.

Request for Customization:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=229009655

The demand for smart glass technologies is growing as they help in reducing heating and cooling load on the AC unit of the vehicle and optimize natural light. Auto dimmable property of smart glass has attracted the automotive industry to smart glass. Dynamic adjustment of transparency is one of the features of smart glass that offer the driver safety and clear view during night. The market for Electrochromic glass and Suspended Particle Device (SPD) glass are expected to see a surge in demand during the forecast period as the technologies are expected to become more economical in the near future owing to technological advancements and growing awareness among end-users.

Browse and in-depth TOC on Automotive Glass Market

149 - Tables

57 - Figures

205 - Pages

Suspended Particle Device (SPD) technology is the fastest growing segment in the automotive smart glass market, in terms of value, from 2017 to 2025. This growth can be attributed to the increasing demand for comfort and safety. SPD-based smart glass maintains the amount of light and heat entering the vehicle through windows. It helps in reducing the fuel consumption by regulating the cabin temperature.

Moreover, increased competition between OEMs regarding product offerings has also led to development of SPD smart glass applications. SPD windows are available with either glass or plastic substrates so it helps to reduce the overall weight of the vehicle.

"Asia Oceania: Fastest growing market for Automotive Glass"

Asia Oceania is estimated to be the largest automotive glass market and is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China and India. The growth in population in these countries has resulted in an increased vehicle production and vehicle parc. This has resulted in increased demand for automotive glass. The consumer preference for SUV in India and China is also driving the automotive glass market as the volume of glass required in SUV is significantly more than that in sedans and other passenger cars.

The major players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Samvardhana Motherson (India), Webasto (Germany), Xinyi Glass (China), Nippon Sheet Glass (Japan), Gentex Corporation(US), Corning (US), and Magna International (Canada).

Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com