Glazing for Automotive Market Potential Growth, Attractive Valuation Make It Is A Long-Term Investment
The technique of glazing for automotive applications involves rapidly blast cooling glass that is utilized in these vehicles. From 600 to 300° C may be cooled in a matter of seconds. Laminated glass for use in automobiles is created by glazing.
The rise in demand for meeting customer demands for safety, comfort, and security while operating an automobile is anticipated to fuel the expansion of the glazing for automotive market.
According to MRFR analysis, the global Glazing for Automotive Market is expected to register a CAGR of ~9.9% from 2022 to 2030 and hold a value of over USD 1.02 Billion by 2030.
The rapidly expanding automobile industry is predicted to have a direct effect on the market for automotive glazing. Automotive users can choose between high-performance and premium aesthetic glazing. Along with having a fashionable appearance, it also guarantees client security. Automotive glazing’s capacity to lower carbon dioxide emissions and vehicle weight also adds to the market’s growth.
Regional Analysis
Due to its high vehicle production and rising demand for sunroofs, the Asia-Pacific region is anticipated to have the greatest market for automotive glazing. The glazing for the automobile industry is likewise expanding most quickly in the Asia-Pacific area.
Due to the region’s rising acceptance of innovative technology, North America is anticipated to be the second-largest market for automotive glazing.
Market Segmentation
The Global Glazing for Automotive market has been segmented into Vehicle Type, Advanced Application, and Application.
Based on the Vehicle Type, the market has been segmented into On-Highway Vehicles and Off-Highway Vehicles.
Based on the Advanced Application, the market has been segmented into Large Windscreens, SunControl, Hydrophobic Glazing, and HUD.
Based on the Application, the market has been segmented into Sidelite, Sunroof, Backlite, Lighting, and others.
Key Players
Some of the key market players are Pilkington Group Limited, Research Frontiers, American Glass Products, Fuyao Glass Industry Group Co Ltd, Asahi Glass Co Ltd, Central Glass Co Ltd, Guardian Industries Corporation, NordGlass, Pittsburgh Glass Works, Nippon Sheet Glass Company Ltd.
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