Post Time:May 21,2020Classify:Industry NewsView:293
Automotive glass market Growing popularity of new-gen electric vehicles featuring advanced glass is likely to drive outlook. Surging preference for lightweight vehicle components offering potential weight savings and associated improvements in fuel efficiency of the vehicle is likely to propel product demand.
Automobile OEMs are shifting their focus towards offering advanced features in vehicles, such as acoustic windshields that offer noiseless travel experiences. Smart automotive glasses with electronically tinted properties to provide heat insulation have also gained popularity. Increasing quality control measures is also likely to have a positive impact on industry growth.
Speaking of regional contribution, Asia Pacific is poised to make a notable contribution to the global share. Abundance of resources for manufacturing and assembling of automotive in APAC countries, such as China, Thailand, and India may also contribute towards expansion of automotive industry, hence fueling the product demand. Automotive glass industry size is forecast to surpass USD 14.9 billion by 2026.
Rising demand for premium feature vehicles
Increasing trend of long-distance road journeys has fueled the deployment of advanced features in vehicles. Demand for premium cars is also gaining traction due to driver-friendly controls and features offered by them. OEMs in the automotive industry have not only shifted their focus towards adoption of laminated side glazing, but also towards standardization of the side glazing in vehicle production. Impact resistance, scratch resistance, UV resistance, and high durability are some of the major advantages associated with glazed laminated automotive glass. Apart from laminated glass, various other types of glasses are also used in vehicles.
Other value-added glasses include insulating glass, defogger glass, basic float glass, and encapsulated glass. Acoustic glass aids in reduction of traffic noise due to its sound insulating properties, hence offering a pleasant and comfortable journey experience. Defogger glass is helpful in removal of ice and condensation from the backlite electrically, enabling clear visibility in all weather conditions.
Expanding automotive sector in APAC
With the fastest growing population base and abundance of automotive production facilities in the Asia Pacific region, majorly in China, Japan, Indonesia, India, Taiwan, and Malaysia, the regional automotive industry is likely to make notable profits. In addition, growing concerns for driver-passenger safety along with safety regulations enacted by governments across the region will increase the implementation of safety features in vehicles, which may also propel the demand for automotive glass in the region.
Quality control measures in the U.S.
Due to rising safety concerns, the U.S. government has imposed strict regulations for vehicle safety. The government has restricted the usage of substandard glass for vehicle components, such as rear windows, side windows, windshields in SUVs, vans, and cars.
Utilization of lightweight automotive glass
Light weighting has become a globally accepted parameter in vehicle design. Light-weight component assembly in vehicles potentially reduces weight, CO2 emission, and increases performance efficiency of the vehicle. Utilization of thinner glass in automotive helps in weight reduction and positively impacts fuel efficiency. Manufacturers in the automotive glass industry are increasingly focusing on providing lightweight and safe glasses to automotive OEMs, to increase fuel efficiency and support the cause for environment.
Source: https://coleofduty.com/Author: shangyi
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