Electric and Hybrid Vehicles to Spur Growth Opportunities for Automotive Polycarbonate Glazing Market

The growing demand for fuel-efficient automobiles on account of escalating prices of fuel and shortage of fuel will is creating a favorable environment for the growth of the global automotive polycarbonate glazing market. The demand for automotive polycarbonate glazing is growing as its use helps in reducing weight of the vehicle, which in turn helps reduce the emission of vehicles. Polycarbonate is used for glazing or window installation in the automotive sector as this material can be cooled and re-heated without degradation of material. This in turn helps automobile windows to have better design, shape, and styling. The style, design, and functional integration offered by polycarbonate glazing is much better than glass glazing. Thus, the future prospects for the growth of the global automotive polycarbonate glazing market is bright 

According to a recent report published by Transparency Market Research (TMR), the global automotive polycarbonate glazing market which stood at US$816.1 mn in 2016 will be worth US$1,770.5 mn by 2025, expanding at a 9% CAGR between 2017 and 2025. 

Q. What are the growth opportunities within the global automotive polycarbonate glazing market?

The growing acceptance or rather the ongoing trend of electric and hybrid vehicles will become a rage if not less, in the years to come. This is expected to push the demand for automotive polycarbonate glazing. The leading players within the automobile industry such as BMW AG, Volvo Car Corp., and Daimler AG are planning to further their production of electric vehicles, realizing that the future will be marked by the urgent need to control greenhouse emissions and thus, electric cars will be used, driven by government and environmental regulates. Another opportunity for growth for polycarbonate glazing is its use for automotive lighting.


Q. What are the factors impacting the growth of this market negatively?

The regulatory impact of polycarbonate is one of the biggest challenges. The high cost and material properties of polycarbonates are also problems for the global automotive polycarbonate glazing. The U.S. Federal Motor Vehicle Safety Standards have specified glazing standards and this includes laminated glass, glass-plastic, and tempered glass for automotive glazing. This has caused a major restriction in one of the largest markets, which is the U.S. Other key markets, Europe and Japan, specify laminated, toughened, and tempered glass for automotive glazing. This once again restricts the use of plastics, including polycarbonates and shall act as a growth impeder. Another issue with polycarbonates display is that it is not scratch-proof. Thus, there is a need for polycarbonates to be coated with a scratch-resistant coating material, which in turn increases the cost of automotive polycarbonates glazing. This is resulting in limited adoption of polycarbonates glazing in the automotive sector.

Q. Which region will be the most attractive market for automotive polycarbonate glazing market?

The Asia Pacific automotive polycarbonate glazing market is witnessing high growth and in 2016, this region accounted for 40% of the total market share. China, South Korea, India, Australia are key markets for automotive polycarbonate glazing in Asia Pacific. Automotive polycarbonate glazing is used in India in high-end vehicles such as bulletproof cars. Europe and North America trailed in terms of leading in the market in 2016. Germany held leading shares in Europe. Other key contributors in Europe include the U.K., Italy, France, and Spain. 

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