Automotive Glass Market Trends 2022, Industry Growth Overview, and Report By 2027
Global Automotive Glass Market Overview:
Automotive glass refers to a processed float glass that is generally used for providing protection to the occupants and the vehicle during accidents. Additionally, it aids in preventing excessive heat inside the car, reduces noise and protects against ultraviolet rays (UV). These glasses are produced via the process of quenching, which comprises mixing sodium carbonate, silica, lime and cullet with water. Due to the growing incidences of accidents and the increasing demand for enhanced safety among individuals, this is providing a boost to the market growth.
According to the latest report by IMARC Group, titled “Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global automotive glass market size reached a value of US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2027, exhibiting at a CAGR of 5.8% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Automotive Glass Market Trends:
The global market is primarily driven by significant growth in the automotive industry. Moreover, continual technological advancements in the sector and the integration of advanced technologies with automotive glass are favorbaly impacting the market. For instance, electrochromic glass composed of solar films that allow blocking the ultraviolet (UV) and infrared rays is gaining prominence across the globe. Also, the widespread adoption of heated windshields that facilitate instant defrosting for improving visibility is also contributing to the market growth.
Additionally, rapid growth in the logistics and transportation sectors have fueled the manufacturing of heavy-duty vehicles, which, in turn, is driving the demand for automotive glass. Moreover, the widespread adoption of electric vehicles (EVs) due to an enhanced focus on sustainable development is favoring the product uptake. Other factors, including the rising production and sales of automobiles, continual upgradation in vehicle design, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.
Global Automotive Glass Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- AGC Inc.
- Corning Incorporated
- Fuyao Glass Industry Group Co., Ltd.
- Gentex Corporation
- Hitachi Chemical Co., Ltd.
- Magna International Inc.
- Nippon Sheet Glass Co., Ltd
- PGW Auto Glass, LLC
- Polytronix, Inc.
- Saint-Gobain Group
- MothersonSumi INfotech & Designs Ltd (MIND)
- Webasto SE
- Xinyi Glass Holdings Limited.
Market Breakup by Glass Type:
- Laminated Glass
- Tempered Glass
Market Breakup by Material Type:
- IR PVB
- Metal Coated Glass
- Tinted Glass
Market Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
Market Breakup by Application:
- Rear Quarter Glass
- Sideview Mirror
- Rearview Mirror
Market Breakup by End-User:
- Aftermarket Suppliers
Market Breakup by Technology:
- Active Smart Glass
- Suspended Particle Glass
- Electrochromic Glass
- Liquid Crystal Glass
- Passive Glass
Market Breakup by Region:
- North America
- Europe Asia Pacific
- Latin America
- Middle East and Africa.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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