Automotive Polycarbonate Glazing Market : Opportunity Analysis and Industry Forecast upto 2025
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. 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. Obtain Report Details @ http://www.transparencymarketresearch.com/automatic-polycarbonate-glazingmarket.html 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. 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. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23351 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. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and
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