Solar reflective glasses absorb infrared rays and reduces the amount of heat in the car. Passengers experience more comfort inside the car since the glasses reduce the effect of ultraviolet radiation on interior trims.
Technavio Announces the Publication of its Research Report Global Automotive Glass Market 2017-2021Technavio recognizes the following companies as the key players in the global automotive glass market: Saint-Gobain, AGC Group, and NSG Group.Other Prominent Vendors in the market are: Fuyaogroup (Fuyao Group), GUARDIAN INDUSTRIES CORP, Pilkington, and Vitro.Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is rising adoption of solar reflective glasses. Conventional glasses are increasingly being replaced by solar reflective glasses because of their advantages.
Solar reflective glasses also enhance vehicle styling and fulfils the aesthetic aspiration of consumers.
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According to the report, one of the major drivers for this market is increasing sales of passenger cars. The sales of automotive glass is positively correlated with the sales of passenger cars, as all passenger cars are equipped with glass as windshields and windows.
Glasses in the passenger cars segment contribute to the majority of the global automotive glass market. The global car sales increased by around 3% in 2015 with SUVs and crossovers accounting for the majority of the sales in the Chinese and the European passenger cars market.Further, the report states that one of the major factors hindering the growth of this market is growing concern of increased greenhouse gas emissions from automotive industry.
Electricity production from burning of fossil fuels, such as coal and natural gas, is the major contributor for the emission of greenhouse gases. Around 30% of the total greenhouse gas emissions in the US is generated by the electricity production from fossil fuels in 2016.
The second major contributor to greenhouse gases is the automotive industry. Approximately 26% of the total emitted greenhouse gas is from the transportation sector in 2016, which includes burning of fossil fuels from cars, trucks, buses, ships, planes, and trains.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Automotive Glass
The automotive glass market comprises glasses used in windshields and in the side and rear windows of a vehicle. Laminated glass is used for the manufacturing of windshields whereas tempered glass is used for the manufacturing of side and rear windows.Technavios analysts forecast the global automotive glass market to grow at a CAGR of 4.61% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global automotive glass market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales/volumes/values.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global Automotive Glass Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market. Key vendors
Other prominent vendors
Fuyaogroup (Fuyao Group)
GUARDIAN INDUSTRIES CORP Pilkington
Increasing sales of passenger cars For a full, detailed list, view our report Market challenge
Growing concern of increased greenhouse gas emissions from automotive industry For a full, detailed list, view our report Market trend
Rising adoption of solar reflective glasses
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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