According to the market research report Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region - Global Forecast to 2025, Automotive glass demand is increasing due to increasing vehicle production, especially SUV/MPV segment, and the growing demand for smart glass technologies to improve the safety as well as fuel efficiency.

The automotive glass market is projected to grow at a CAGR of 4.80% during the forecast period and is estimated to grow from USD 16.21 billion in 2017 to reach USD 23.59 billion by 2025.

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Exponentially growing vehicle production and sales around the globe, increasing glass applications in passenger cars, growing popularity of SUV, and the trend of laminated side glazing to improve safety are identified as the key drivers for the automotive glass industry. The study estimates automotive glass market to grow at a CAGR of 4.80% from 2017 to 2025. The automotive glass market is also influenced by government regulations for vehicle safety, advancements in smart glass technologies that help optimize the cabin temperature and increase fuel efficiency.

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The demand for smart glass technologies is growing as they help in reducing heating and cooling load on the AC unit of the vehicle and optimize natural light. Auto dimmable property of smart glass has attracted the automotive industry to smart glass. Dynamic adjustment of transparency is one of the features of smart glass that offer the driver safety and clear view during night. The market for Electrochromic glass and Suspended Particle Device (SPD) glass are expected to see a surge in demand during the forecast period as the technologies are expected to become more economical in the near future owing to technological advancements and growing awareness among end-users.

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The major players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Samvardhana Motherson (India), Webasto (Germany), Xinyi Glass (China), Nippon Sheet Glass (Japan), Gentex Corporation(US), Corning (US), and Magna International (Canada)
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