Automotive polycarbonate glazing market is projected to reach USD 3.94 billion by 2021, growing at a CAGR of 17.53% from 2016 to 2021.
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Top Companies Analyzed for Glazing Market are –
- FREEGLASS GMBH & CO. KG
- COVESTRO AG (BAYER)
- IDEMITSU KOSAN CO.,LTD.
- TEIJIN LTD.
- MITSUBISHI ENGINEERING-PLASTICS CORPORATION
- KRD SICHERHEITSTECHNIK GMBH
- CHI MEI CORPORATION
- TRINSEO S.A.
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Asia-Oceania is estimated to be the largest and fastest-growing market for automotive polycarbonate glazing, closely followed by North America. North America has one of the highest technology adoption rates, with newer technologies being adopted rapidly in the region.
However, Asia-Oceania is the largest producer of automobiles in the world, and given the region’s low technology penetration rate, the Asia-Oceania automotive polycarbonate glazing market is expected to grow at a faster rate than that of the North American market.
Sidelites are projected to constitute the largest application market for polycarbonate glazing by 2021.
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Other applications of polycarbonate include backlite, sunroof, and lighting. There are currently no restrictions on the use of polycarbonate in sidelites.
Considering the current scenario, the use of polycarbonate sidelites in the automotive sector is bound to increase.
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Polycarbonate has replaced glass in automotive headlamp/tail lamp lens applications. Almost all vehicles manufactured today have headlamp/tail lamp lens made of polycarbonate, as it is lightweight and can be molded into the complex shapes and sizes featured in today’s headlamps.
As every vehicle produced has a pair of headlamps and taillamps, lighting is estimated to be the largest application market for polycarbonate glazing.
- Manufacturers of automotive polycarbonate glazing
- Dealers and distributors of automotive polycarbonate glazing
- Industry associations
- Investment firms
- Equity research firms
- Private equity firms
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Assuming a scenario where polycarbonate is allowed to be used in windscreen applications, advanced applications such as head-up displays and large windscreens would begin penetrating the market. Other advanced applications that are not dependent on market regulations, such as switchable glazing, hydrophobic glazing, and sun control glazing, are expected to slowly penetrate the market during the forecast period.
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