Home » Automotive Glazing Market Set to Reach USD 19.2 Billion by 2031, Driven by Innovations in Lightweight Materials and Premium Vehicle Features

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Automotive Glazing Market Set to Reach USD 19.2 Billion by 2031, Driven by Innovations in Lightweight Materials and Premium Vehicle Features

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August 9, 2024

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The global Automotive Glazing Market is projected to experience substantial growth, with the market value expected to reach USD 19.2 billion by 2031, up from USD 9.7 billion in 2021. This growth, forecasted at a compound annual growth rate (CAGR) of 7% over the period from 2021 to 2031, is fueled by advancements in materials and the rising popularity of premium vehicles equipped with advanced glazing features.
Automotive glazing, commonly referred to as automotive glass, is an essential element in modern vehicles, used in a variety of applications, including front and rear windshields, side windows, and sunroofs. The materials commonly used in automotive glazing include tempered and laminated glass as well as polycarbonate, which are designed to enhance vehicle safety and security while also contributing to the vehicle’s aesthetic appeal.
In response to the increasing focus on reducing car emissions and improving fuel efficiency, manufacturers in the automotive glazing market are innovating to produce lighter and more efficient products. This trend aligns with the broader industry push towards lightweight automotive designs, which are crucial for meeting stringent emission standards and improving overall vehicle performance.
The market is further propelled by the growing use of polycarbonate in headlights and the increasing acceptance of sunroof and rear quarter glass in premium vehicles such as sedans and SUVs. The demand for complex glazing designs and lightweight materials is driving the expansion of the automotive glazing industry, particularly in the polycarbonate segment.