Based on type, the automotive glazing market share is divided into single glazing, double glazing and triple low-E glazing. Double glazed windows are manufactured by two panes of glasses with vacuum filling. The rising demand for such windows can be attributed to the superior efficiency and UV ray protection compared to the traditional single glazed glass. The presence of a transparent microlayer, felicitating the infrared reflection along with superior penetration of light are expanding the triple low-e glass market size.
Based on material, the automotive glazing market size is segmented into laminated, tempered, and polycarbonate (PB). The growth in the demand for laminated glass can be credited to the innovative manufacturing process using sandwich polyvinyl butyral (PVB) interlayer. Moreover, the ability of the glass to stay intact in the event of a crash further expands the segment share.
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Based on application, the market share can be categorized into windscreen, sidelight, and Bakelite. The rising preference for manufacturers to adopt superior glass technologies in their vehicles with enhanced UV resistance and heat resistance capabilities are further expanding the market size over the study timeframe.
Glass manufacturers are incorporating multiple standard features in their products for improving glass properties for catering to a wide customer base. Most automobile manufacturers are continuously investing in R&D for developing premium in-car experience to boost their vehicle demand. Moreover, superior thermal and noise insulation coupled with lower glass weight and enhanced life span compared to the traditional glass further expands the automotive glazing market share globally.
The advent of autonomous vehicles is expected to significantly boost the industry share over the projected timeframe. The presence of the advanced 4-5 m2 glazing on vehicles capable of offering connected information and infotainment services are further expanding the automotive glazing market share over the projected timeframe. Moreover, incorporation of wet plasma coating, heads-up displays along with light controlled glass are further expected to expand the market share over the study timeframe.
Asia Pacific will account for a significant share in the automotive glazing market share. This can be attributed to the presence of multiple automobile manufacturers across the region focusing on lunching a wide range of vehicles across multiple segments including hatchbacks, SUVs, sedans, crossovers, and MUVs among others. Moreover, countries including China, Japan, and India account for a significant share in vehicle sales annually. For instance, according to the OICA, the countries combined accounted for new passenger vehicle sales of more than 32 million in 2019.
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Few of the major players operating in the automotive glazing market share include Pilkington, SABIC, Saint Gobain, AGC, Guardian Industries Corp., Corning, and Xinyi Glass.
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