According to a research report titled ‘Global Automotive Polycarbonate Glazing Market 2019-2027’ available with Market Study Report, global automotive polycarbonate glazing market is projected to grow at an annual rate of 7.82% during 2020-2027.
 

As per report findings, preference for lightweight glazing, installation of sunroofs in premium vehicles, and stringent regulations concerning carbon emissions are driving worldwide automotive polycarbonate glazing market growth.
 

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Furthermore, increased eminence of electric vehicles, coupled with advancements in automotive design are likely to add traction to business growth.
 

For the uninitiated, automotive glazing is the process of installing windows in vehicles. Recently, polycarbonates are being used extensively in place of traditional glass materials for the purpose of automotive glazing.
 

In the automotive sector, polycarbonate glazing has applications in front windshields, side windows, large windscreen, sunroof, rear windshield, head-up display, hydrophobic glazing, and switchable glazing, and can be fitted in both passenger and commercial vehicle types.
 

Despite the lucrative returns, escalating costs of automotive polycarbonate glazing as well as strict regulations on the application of polycarbonate for windscreens, are anticipated to hamper market growth in the ensuing years. Additionally, unstable political & territorial situations add to the challenges prevailing in global polycarbonate automotive glazing market.
 

On the regional front, Asia Pacific market is anticipated to exhibit highest CAGR during the forecast period, due to strict regulations regarding carbon emissions, focus on improving fuel efficiency by reducing vehicle weight.
 

Moreover, rise in volume of vehicle production, and widespread preference for lightweight materials in automotive segment will also accelerate APAC market expansion.
 

Key contenders in global automotive polycarbonate glazing industry are Chi Mei Corporation, Saudi Basic Industries Corporation (SABIC), Teijin Limited, The Idemitsu Kosan Company Ltd., Renias Co. Ltd., Mitsubishi Chemical Corporation, ENGEL Austria GmbH, Sumitomo Chemical Co. Ltd., Webasto SE, Covestro AG, and Trinseo S.A.