The global automotive glazing market size was estimated at USD 23.05 billion in 2016. Growing demand for lightweight automobile components with superior impact resistance and corrosion protection is expected to propel growth. In addition, increasing popularity of cars designed with sunroof systems is anticipated to influence the industry on a positive note.
Product variation in terms of impact resistance, colors, and weight are expected to be the key parameters influencing buyer’s decision. Initiatives taken by the players to modify glazing systems using innovative materials, which improves product stability in extreme weather conditions and imparts excellent mechanical resistance is likely to drive industry growth.
Technological advancements pertaining to the use of new raw materials such as polycarbonate to replace traditional glass is expected to propel industry growth. However, high cost coupled with regulations prohibiting the use of polycarbonate in the U.S. and European countries are expected to affect the growth over the forecast period.
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The major glazing manufacturers have well established long-term contracts with the auto OEMs to sustain their buyer base, which offers them a competitive advantage over the small players. The widespread geographical reach of these giants along with well-built distribution channel is expected to strengthen their footprints in the industry.
Rising demand for lightweight auto-components owing to the surge in demand for high-efficiency passenger cars with superior performance is expected to propel growth. Rising auto- maker’s focus to use polycarbonate owing to their superior corrosion and heat resistance, favorable optic properties is likely to drive glazing manufacturers towards this product.
The various regulations pertaining to the product include UN Regulation R43, Federal Motor Vehicle Safety Standards (FMVSS) 11, FMVSS 212 and FMVSS 219, FMVSS 214. These regulations specify thickness, flatness, curvature, size, and fabrication details to be covered during automobile glazing.
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