Automotive glass Market, Key Vendors, Segment, Growth Opportunities by 2016 to 2030

Automotive glass Market

Laminated glass or tampered glass are frequent terms used to describe auto glass. A thin layer of polyvinyl butyral is fused with two layers of solid glass to create laminated glass. Glass is heated, then quickly cooled to normal temperature to create tempered glass, which has an increased tensile and compressive strength. The most typical applications for tempered glass are automotive windows, sunroofs, backs, and others.

Due to manufacturers' ongoing upgrades in response to consumer demand and governments' active participation in accelerating auto production, the automotive sector is booming globally. One of the main aspects driving this market is the increasing demand for smart glass. Fuel level, speed, temperature, and other cautions can be displayed on smart glass like HUD. The Indian passenger automobile industry was estimated to be worth US$ 32.70 billion in 2021, and according to the Indian Brand Equity Foundation (IBEF), a semi-government trust established by the department of commerce, it is anticipated to grow to US$ 54.84 billion by 2027. The demand for the automotive glass market is projected to increase as vehicle production rises.

The automotive glass market is constrained by the high initial setup costs of glass manufacturing facilities as well as additional repair and maintenance expenditures. Major participants in this market, including Saint-Gobain, Fuyao Glass, and others, decided to expand their current facility over investing in a newer one. These tactics prevent players from increasing their geographic reach.

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The market for automotive glass has slowed down since COVID-19 was implemented. Assembly lines have temporarily been shut down, the supply chain has been disrupted, production and construction operations are restricted, and the sale of autos has decreased. However, it is anticipated that the automotive glass industry would return within the predicted time frame as a result of the market's recovery and the lifting of limitations.

The Automotive glass Market – Market Trends
• SUV sales growth and the global domination of the automobile industry are both predicted to drive up the cost of automotive glass. Additionally, associative approaches embedded products and smart glass will be developed.
• In the upcoming years, it is anticipated that sales and production of electric vehicles would drive the market forward. Modern battery and display technologies are employed in these cars.
• Automotive glass producers are switching from conventional soda-lime glass to chemically tempered glass to achieve maximum durability and performance. Automotive glass with a high strength level increases safety while significantly lowering vehicle weight.
• The consistency of prices for components including soda ash, lime, magnesium, potassium, and aluminium oxides as well as the rising cost of gasoline.

The Automotive glass Market – Segmentation
The Automotive glass Market fragrance concentrates market has been sub-classified into product, application, end-user, vehicle.

On the basis of product, the Automotive glass Market is bifurcated into:
• Laminated
• Tempered
• others

On the basis of application, the market is segmented into:
• sidelite
• backlite
• windscreen
• others

On the basis of end-user, the market segmented into:
• OEM
• Aftermarket
• Others

On the basis of vehicle, the market segmented into:
• Passenger cars
• Light commercial vehicle
• Heavy commercial vehicle
• Others

The Automotive glass Market – Key Market players
Global key players of Automotive glass Market include Saint-Gobain, Asahi Glass, Shatterprufe Windscreens, LKQ Corporation, Independent Glass, China Glass Holding Ltd., Euroglas GmbH. Central Glass America, Inc, Nippon Sheet Glass Co., Ltd., Vitro, Xinyi Glass Holdings, Corning, Inc., Guardian Glass, Gentex Corporation, Webasto, Magna International Inc. and Fuyao Group, and others.

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