Automotive Polycarbonate Glazing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
The advent of automotive technologies has been leading to a paradigm shift from traditional glass components that contribute to vehicular weight, to high-performance thermoplastics that underpin a massive cut down in vehicular weight. Increasing consideration of using automotive polycarbonate glazing technology solutions for a lightweight, fuel efficient automotive system is the key demand determinant pushing automotive polycarbonate glazing market growth.
Increasing Trials of Automotive Polycarbonate Glazing
Probably the only among engineered thermoplastics that have the capability to deliver the desired clarity in transparency within the widest range of temperature and time, polycarbonate (polycarbonate of bisphenol A) has been in use across multiple applications areas over the past decade, one of the most prominent verticals is automotive industry. With polycarbonate discovering a myriad functionality-driven opportunities in the automotive glazing landscape, it is more likely that the automotive polycarbonate glazing market would observe impressive expansion over the years to come.
Currently traversing only a few of concept cars and production models in terms of application, polycarbonate is set to ride over attractive inroads to automotive industry in the near future. Covestro LLC, the global leader in innovative polymers production, presented a novel concept of automotive polycarbonate glazing at the VDI Congress 2017. While polycarbonate is being trialed for shatterproof windows and similar applications, this concept is providing a much needed impetus to automotive polycarbonate glazing market.
Higher Application Potential Resides in Car Interiors
Superior haptic and optical material properties that polycarbonates possess impart them the ideal candidature for seamless injection-molded glazing, thereby improving scope of growth for automotive polycarbonate glazing market. A novel concept that uses automotive polycarbonate glazing for front elements and LED lighting concepts that allow infrared radiation coming from the LiDAR sensors is being perceived as an important factor contributing to the growth of automotive polycarbonate glazing market.
Automotive interiors are on the brink of attaining the status of a connected living space rather than just interiors, equally significant as exteriors of vehicles. Excellent thermal insulation attributes of polycarbonates are elevating their applicability in efficient thermal management in vehicle interiors. Research has proven that automotive polycarbonate glazing used in car interiors can effectively aid in reducing energy consumption by HVAC systems, which is likely to gain significance in future mobility technologies.
Recent Developments in the Automotive Polycarbonate Glazing Market Space -
In line with the escalating acceptance and thereby the demand for EVs and hybrid EVs, leading automakers including BMW AG, Volvo Car Corp., and Daimler AG are planning to strategize on expanding their EV production capacities. This is cited as another strong factor pushing the prospects of automotive polycarbonate glazing market.
As European glazing regulations have already legalized the use of automotive polycarbonate glazing materials post 2015, Europe remains the earliest adopter in automotive polycarbonate glazing market. Evolving regulatory framework in the US is also likely to create a favorable scenario for the penetration of automotive polycarbonate glazing market in the years to come.
Some of the most prominent competitors operating in the competitive landscape of global automotive polycarbonate glazing market include –
Automotive Polycarbonate Glazing Market Segmentation
By vehicle type, the global automotive polycarbonate glazing market is classified into
Based on the application, the global automotive polycarbonate glazing market is categorized into –
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