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Automotive Polycarbonate Glazing Market Indicates Notable CAGR growth by 2027

The global automotive polycarbonate glazing market is anticipated to expand at a CAGR of ~9% between 2019 and 2027

The sun control glazing segment currently holds a prominent share of the global automotive polycarbonate glazing market, and it is likely to gain share, owing to rising preference for cabin comfort among consumers.

Based on application, the backlite segment holds a leading share of the automotive polycarbonate glazing market, owing to the preferred use of polycarbonate in rear windshields for weight saving.

The switchable glazing segment is anticipated expand significantly in the global automotive polycarbonate glazing market during the forecast period, owing to a rise in sales of luxury vehicles. Switchable glazing allows the driver to control the amount of tint, and can also automatically control the light penetrating the cabin depending upon the weather outside.

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Drivers of Automotive Polycarbonate Glazing Market

The automotive polycarbonate glazing market is expanding rapidly due to its advantages of being lightweight, and possessing superior thermal and molding characteristics.

The rising demand for fuel efficiency and enhanced esthetic appearance among consumers is anticipated to drive the adoption of polycarbonate glazing. Polycarbonate materials possess superior moldability as compared to that offered by glass, offers designing freedom, and enables the integration of parts that were previously not possible.

Governments across the globe are enacting stringent regulations to lower vehicle pollution. Countries such as China, India, Brazil, and Mexico are expected to adopt the Euro VI equivalent norms. Automakers are compelled to adopt lightweight materials, such as polycarbonate, in order to comply with the emission standards.

These factors are expected to act as drivers for the growth of the global automotive polycarbonate glazing market.

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Challenges for Automotive Polycarbonate Glazing Market

Polycarbonates are highly susceptible to scratches. Polycarbonates need to be coated with coating material to enhance their scratch resistance, which drives up the cost of polycarbonate glazing.

Polycarbonates expand and contract more than glass, which hampers the production of larger weather-seal polycarbonate glazed applications such as front windshields.

Polycarbonates turn yellow and foggy long before the life expectancy of the vehicle, leading to discomfort to the driver.

These factors are capable of impeding the growth of the global automotive polycarbonate glazing during the forecast period.

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Automotive Polycarbonate Glazing Market: Segment Analysis

The global automotive polycarbonate glazing market has been segmented based on technology, application, sales channel, vehicle, and region.

Based on technology, the sun control glazing segment is expected to hold a major share of the global automotive polycarbonate glazing market, owing to the rising consumer demand for fuel-efficient vehicles. Sun control glazing minimizes the load on the heating, ventilation, and air-conditioner unit, and consequently minimizes the load on the engine. The increased demand for comfortable cabin space and rise in stringency of emission norms are anticipated to boost the adoption of sun control glazing.

In terms of application, the backlit segment dominated the automotive polycarbonate glazing market, due to the high usage of polycarbonate in rear windshield applications, which is the largest glass panel, as manufacturers shift toward lightweighting, and the use of polycarbonate helps reduce weight.

In terms of sales channel, the OEMs segment is estimated to hold a notable share of the global automotive polycarbonate glazing market, as the polycarbonates supplied for automotive glazing are primarily OEM-fitted. The aftermarket segment is expected to expand in the global automotive polycarbonate glazing market, due to the rising demand for replacements, owing to damages from accidents and vehicle maintenance.

Based on vehicle, the passenger vehicles segment is expected to hold a dominant share of the global automotive polycarbonate glazing market. The high rate of adoption of advanced technology and consumer demand for fuel-efficiency are estimated to further drive the passenger vehicles segment in the global automotive polycarbonate glazing market.

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