Glazing for Automotive Market Overview:
Glazing for automotive is the process of strengthening the glass used in automotive by very fast blast cooling. The major trend in the glazing for automotive market is for large windshields, laminated side glazing, panoramic roofs, Solar panel roofs and Electric vehicle glazing.
Automotive glazing provides superior appearance, high performance, and great value. It incorporates stylish good looks, with protection and comfort. Automotive glazing innovation aims at enhancing safety, security, and consumer comfort. The safety feature enables vehicle to absorb some of energy from the impact. The manufacturers are investing in R&D also to gain a competitive edge in the market by majorly focusing on system integration and new functionality that provide better features to the consumers.
The increase in sales of new vehicles has been fuelling the growth of Glazing for Automotive Market. The increase in the sales of new vehicles has been due to competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been a rise in the glazing for automotive.
The development in automotive industry has led to the emergence of new and high-tech glazing for automotive, which will attract the interest of the consumers. The increasing concerns for safety among consumers drives them towards the safety and quality of automotive glazing. The standard technology offered by the small automotive installation service provider will be replaced by the specialized automotive glazing so as to meet the market expectation. This will create an opportunity for the specialized automotive market to meet the standard for the glass.
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The Dow Chemical Company (U.S.), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company (U.S.), Hindustan Adhesives Limited (India), Dynea International Oy (Finland), Hexion Specialty Chemicals Inc. (U.S) and Covalence Specialty Adhesives LLC (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Glazing for Automotive Market.
Glazing for Automotive Market– Competitive Analysis:
Characterized by the presence of several well-established and small players, the global glazing for automotive Market appears to be highly competitive and fragmented. The market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. The manufacturers are expected to invest more in production capacity expansion to meet the growing consumer demand and strengthen their position in the industry.
With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The Market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
Industry/ Innovation/ Related News:
September 2017- H.B. Fuller Company has signed an agreement to purchase Royal Adhesives & Sealants, a leading manufacturer of high-value specialty adhesives and sealants.
May 2017- The Dow Chemical Companywas awarded the contract for supply of silicones sealants for the structural glazing façade in KSA. The silicones investment will include constructing a fully integrated, world-scale siloxanes and high performance silicones complex geared towards automotive industry.
April 2016– Henkel has developed adhesive, sealant and functional coatings technologies for the automotive industry. It also includes direct glazing adhesive used to fix the windows to the vehicle structure.
June 2014– Momentive Performance Materials (MPM) announced the opening of its new automotive glazing coating facility in Leverkusen, Germany. The facility will enable original equipment manufacturers (OEMs) to test Momentive’s coating materials in an industrial scale setting. Customers will also be able to coat production-sized automobile parts in realistic climatic conditions, providing a preview of mass production.
Glazing for Automotive Market Segmentation:
The Glazing for Automotive Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Application– Sidelite, Sunroof, Backlite, Lighting and others
Segmentation by Advanced Application– Large Windscreen, SunControl, Hydrophobic Glazing, HUD
Segmentation by Vehicle Type– On-Highway Vehicles, Off-Highway Vehicles
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
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Glazing for Automotive Market– Regional Analysis
Being home to the most populous countries of the world such as China and India among others, the dominance of Asia Pacific becomes evident in the global glazing for automotive market. The market has been experiencing rapid growth in the last two years owing to the rising sales automotives, increasing usage of glass on vehicles, increasing popularity of vehicle sunroof and technological advancements are giving a much needed thrust to the glazing for automotive market.
North America is one of the major region in glazing for automotive due to the presence of big giants in automotive glazing. Moreover, the rising demand for passenger cars have resulted in increasing demand for automotive glazing, which in turn has augmented the North American market.
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