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 –
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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