Global Automotive Polycarbonate Glazing Market: Snapshot
The global market for automotive polycarbonate glazing displays high growth potential with the increasing demand for fuel-efficient vehicles across the world. With rising pollution levels and exhaustion of conventional fuel resources, the demand for energy efficiency and reduced fuel consumption is driving adoption of polycarbonates for automotive glazing. This is because use of polycarbonates reduces vehicle weight, which in turn, improves fuel efficiency and reduces vehicular emission.
Polycarbonates are plastics that at contain the chemical carbonate group. They are transparent like glass and are flexible having high thermal resistance. Polycarbonates are used in plastic lens in eyewear, CDs, DVDs, medical devices, and exterior lighting fixtures among others.
Polycarbonate material are used in glazing or window installation in the automotive sector. Polycarbonates display the property to be cooled and re-heated without material degradation. They help in better shape, design, and styling of automobile windows and provide better design and functional integration than glass glazing.
A major opportunity in the market for automotive polycarbonate glazing is the rising acceptance of electric and hybrid vehicles. Automobile giants such as Volvo Car Corp. BMW AG, and Daimler AG have plans to increase production of electric vehicles in the forthcoming years. Polycarbonate glazing is useful in reducing weight of electric vehicles, which in turn, helps improve fuel efficiency and reduce vehicular emission. Another major opportunity for automotive polycarbonate glazing is for automotive lighting.
Transport regulations in developed regions is a major restraint to the automotive polycarbonate glazing market. For example, the transport regulation in the U.S. under the Federal Motor Vehicle Safety Standards (FMVSS) 205 specify only laminated and tempered glass in automotive glazing. Polycarbonate materials are not scratch resistant and need to be coated with special coating chemicals through plasma coating or wet coating technology. This increases the cost of glazing in automobiles when polycarbonate materials are used.
Passenger Vehicle Expected to Hold Increased Market Share by 2025
In terms of application, the market is segmented into front windshield, rear windshield, side window, and sunroof. Amongst these, side window segment contributed the dominating revenue of 43.7% to the overall market in 2016. This was followed by front windshield segment contributing 21.1% revenue to the market in 2016.
On the basis of vehicle type, the market is classified into passenger vehicles and commercial vehicles. Of the two, passenger vehicles contributed a phenomenal 73.8% revenue to the automotive polycarbonate glazing market in 2016. The revenue contribution of this segment is poised to reach 74.4% by 2025.
Asia Pacific to Continue Contributing Significant Revenue to Market
The global market for automotive polycarbonate glazing is divided into the regional segments of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific, amongst these, held the leading share of 40.0% in the market in 2016. Major domestic markets for automotive polycarbonate glazing in the region are China, Japan, South Korea, Australia, and India. Polycarbonate glazing in the automotive sector is used in India in high-end vehicles including bulletproof cars.
Europe stood as the second-leading regional segment in 2016 holding 29.0% of the market. This was followed by North America accounting for 24.0% of revenue of the overall market in the same year. In 2016, Germany held the leading share of 30.0% in the market followed by the U.K., France, Italy, Spain, and the rest of Europe.
Key vendors in the market for automotive polycarbonate glazing profiled in this report include Covestro AG, Webasto SE, SABIC, KRD Sicherheitstechnik GmbH, Freeglass GmbH & Co. KG, Teijin Ltd, Engle Machinery Inc.,, Exatec LLC, and Gallina.
Global Automotive Polycarbonate Glazing Market: Overview
Glazing means installing windows. Automotive glazing means installing windows in a vehicle. Glazing is an important function in manufacturing of vehicles by original equipment manufacturers (OEMs). Glass is the most common material used in automotive glazing.
Recently plastics more specifically polycarbonates are being used instead of glass in automotive glazing. The main reason for use of polycarbonates instead of glass are due to the material properties of polycarbonates. It is easier shape glazing components made of polycarbonates than glass. Polycarbonates have better thermal stability than glass. It is a well-known fact that fuel efficiency of a vehicle is inversely proportional to its weight. Polycarbonate materials weight substantially less than glass which increases vehicle fuel efficiency and reduce emission. Sunroofs let light inside a vehicle. When the vehicle roof is covered by a transparent material which allows more light to enter are known as panoramic sunroofs. When polycarbonate materials are used instead of glass in panoramic sunroofs, vehicle weight decreases by half.
The report provides analysis of different drivers that are impacting the global automotive polycarbonate glazing market along with restrains and opportunities as per the scope of the report. For each segment (such as glazing application and vehicle type) market analysis is provided. Additionally taking into consideration all the drivers an extensive geographical growth analysis is provided for the forecasted period has been provided in the report.
Global Automotive Polycarbonate Glazing Market: Market Dynamics
Governments across the world especially in developed economies such as the U.S and Europe are making more stringent regulations to improve vehicle fuel efficiency and reduce vehicle emission. The U.S government in 2011 announced plans to reduce vehicles emission to approx. 55 miles per gallon for cars and light duty trucks by model year 2025. The U.S automotive manufacturers present during the announcement were Volvo, Toyota, Nissan, Mitsubishi, Mazda, Kia, Jaguar/ Land Rover, Hyundai, Honda, BMW, Chrysler, GM and Ford which represent ~90% of all automobiles sold in the U.S. European Union has also implement laws to control vehicle emissions. Polycarbonates weight less than glass and using polycarbonate material in automotive glazing reduces weight of vehicle and improves fuel efficiency and reduce vehicle emission. Thus there is rising demand to use polycarbonates in automotive glazing.
Global Automotive Polycarbonate Glazing Market: Market Segmentation
By application the automotive polycarbonate glazing market is segmented into front windshield, side window, rear windshield and sunroof. Front windshield helps to protect the driver and passenger and shields the wind flow. It is known as windshield in North America and windscreen in Europe. Laminated glass is generally used to manufacture front windshield. The cost of windshields are more than other glazing components due to the curved nature of windshields. There are four side windows in a car. Just adjacent to the side windows are quarter windows which may be moveable or fixed. Rear windshield are also known as rear window or backlight. As front windshield they also helps to protect the vehicle and shield wind flow. The dimension of rear windshield is smaller than front windshield. Tempered or toughened glass are generally used in rear windshield. Sunroofs let air inside the vehicle and panoramic polycarbonate sunroofs helps to reduce vehicle weight and improve vehicle fuel efficiency and reduce vehicle emissions. The market size for automotive polycarbonate glazing is provided in terms of both revenue and volume. Revenue are mentioned in US$ million and volume in ‘000 sq. meters. Compound annual growth rate (CAGR) is forecasted for the period of 2017 till 2025.
The major players in the market has been profiled across five broad geographical regions. The profile include business strategies adopted these players in the automotive polycarbonate glazing market. Further, the report includes market attractiveness analysis of four different automotive glazing application and insights into the market.
Global Automotive Polycarbonate Glazing Market: Competitive Outlook
The report highlights the various competitive strategies adopted by key players to gain market share. Company profiles include company details, market presence by segment and geography, strategic overview, SWOT analysis and historical revenue. The report includes profiles of major polycarbonate or resin manufacturers Teijin Limited (Japan), Covestro AG (Germany), Saudi Basic Industries Corporation (SABIC, Saudi Arabia), Trinseo S.A. (the U.S), Idemitsu Kosan Co., Ltd.(Japan), Mitsubishi Chemical Corporation (MCC, Japan), Chi Mei Corp. (CMC, Taiwan). Major automotive glazing component manufacturers’ Webasto Group (Germany), KRD Sicherheitstechnik GmbH (Germany) and freeglass GmbH & Co. KG (Germany).
Automotive polycarbonate glazing market has been segmented as follows:
Global Automotive Polycarbonate Glazing Market by Application
- Front Windshield
- Side Window
- Rear Windshield
Global Automotive Polycarbonate Glazing Market by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global Automotive Polycarbonate Glazing Market by Region
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America