2021-2030 Analysis and Review Automotive Polycarbonate Glazing Market
Automotive Polycarbonate Glazing Market By Application (Side Window, Front Windshield, Sunroof, Rear Windshield, Large Windshield, Hydrophobic glazing, Head-up Display, Switchable glazing) By Vehicle (Passenger Vehicle, Commercial Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030
Global automotive polycarbonate glazing market is estimated to grow at a CAGR of 12.1% during forecast period (2022-2030). The global automotive polycarbonate glazing market is primarily driven by rising automobile sales. Growing automobile production and sales coupled with regulations and standards regarding reducing vehicle weight, increase fuel economy and greenhouse gas emission is expected to boost the adoption of materials such as polycarbonates that offers compatible properties. The Global Automotive polycarbonate glazing market has been segmented on the basis of type and application. The type segment is further sub segmented into commercial and passenger.
Passenger Segment Accounts to The Largest Revenues by Vehicle Type
Passenger accounts the largest share in type segment in terms of revenue in the global automotive polycarbonate glazing market with around 76.52% market share in 2020. Adoption of polycarbonate glazing is rising in the passenger segment is driven by increasing sales of passenger cars and adoption of polycarbonate glazing by automobile manufacturers. Moreover, various manufacturers such as Toyota (Japan), Fiat Automobiles (Italy), GLM Co. (Japan), Buick (U.S.), etc. have adopted polycarbonate glazing owing its offered properties such as lightweight and higher strength. Lightweight properties help the manufacturer to achieve the defined weight standards by regulatory organizations of different countries and fuel economy goal. Moreover, passenger segment is also expected to grow at fastest pace CAGR of 12.2% over the forecast period.
Front Windshield Segment Tops the Application Segment
Front windshield accounts the largest share in application segment in polycarbonate glazing market and is projected to grow with a CAGR of 12.0% during the forecast period. Front windshield segment in polycarbonate glazing market is primarily driven by increasing adoption by automobile manufacturers owing to offered benefits. Polycarbonates glazing have superior properties such as shatter resistant, lightweight and also provides high optical clarity making them a better substitute for front windshield.
Asia Dominates in terms of Market Revenues
Geographically, the global automotive polycarbonate glazing market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). Asia Pacific leads the global automotive polycarbonate glazing market by capturing largest market share in terms of revenue of around 40.42% in 2020. The automotive polycarbonate glazing market in Asia Pacific is primarily driven by growing vehicles production in the region and stringent regulation pertaining to vehicle weight and greenhouse gas emission. China accounts the largest share in polycarbonate glazing market and is projected to grow with CAGR of 12.8% during the forecast period.
Innovation is the Key to Enhance Market Share of the Industry Players
Product launch is the primary strategy adopted by companies in global polycarbonate glazing market. Product launch helps the company to increase its market share by giving them a competitive and increasing product portfolio.Collaboration, joint venture & partnership is the secondary strategy adopted by companies in global polycarbonate glazing market. Collaboration, Joint venture & partnership helps the companies to share technology and expenses by giving them a competitive and increasing product portfolio. Top companies in this market include Teijin Ltd, Trinseo S.A, SABIC, Mitsubishi Chemical Corporation, and Covestro AG
Historical &Forecast Period
This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.
Report Methodology
Market revenues andCAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.
By Application (2020-2030; US$ Mn)
By Vehicle Type(2020-2030; US$ Mn)
By Region (2020-2030; US$ Mn)
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)
Key questions answered in this report
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