Automotive Glass Offer Lower Visual Distortion

14-May-2019: The global automotive glass market size is anticipated to reach USD 21.72 billion by 2025 expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Increasing automobile production across the globe on account of technological advancements and rising disposable income levels, especially in emerging countries like China, India, and Japan, will augment the product demand over the forecast period.

China, in particular, is the largest market due to its significant vehicle production, which was estimated at approximately 29 million units in 2017. As a result, Asia Pacific region is anticipated to hold the largest share of the global automotive glassmarket over the forecast period. Moreover, rising investments by international OEMs in the region due to factors like land and raw material availability, high domestic demand, and cheap labor cost will drive the regional market further. The passenger car segment is likely to have a high growth on account of development of advanced automotive glass products with high-end features.

In addition, consumers’ willingness to pay extra for premium passenger cars to get better quality and durability are likely to have a positive impact on the product demand. Laminated glasses are widely used in vehicle backlites as they offer lower visual distortion than other products, resulting in enhanced road safety. Furthermore, they can be easily repaired after damage unlike the tempered glass, which needs to be replaced completely.

In depth research report on Automotive Glass Market

https://www.grandviewresearch.com/industry-analysis/automotive-glass-market

Further key findings from the study suggest:

·       Laminated glass segment held the highest revenue share of 55.1% in 2018 owing to various safety and value added features provided by the product

·       Sunroof is anticipated to be the fastest-growing application segment over the forecast period due to increasing integration of sunroof systems in mid-segment cars

·       OEM was the largest end-use segment in 2018 and is projected to maintain the dominance throughout the forecast years due to rising demand for passenger cars

·       Central & South America is forecasted to register the fastest CAGR of 7.4% from 2019 to 2025 due to increasing vehicle production in the region. Passenger car production in CSA grew by 21.4% in 2017 in comparison to 2016

·       Compagnie de Saint-Gobain S.A.; Asahi Glass Co. Ltd.; Fuyao Glass Industry Group Co., Ltd.; Nippon Sheet Glass Company, Ltd. (NSG); and Corning Inc. are some of the key companies in the market

Grand View Research has segmented the global automotive glass market on the basis of product, application, end use, vehicle type, and region:

Automotive Glass Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

·       Tempered

·       Laminated

·       Others

Automotive Glass Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

·       Windscreen

·       Backlite

·       Sidelite

·       Sunroof

Automotive Glass End Use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

·       Original Equipment Manufacturer (OEM)

·       Aftermarket Replacement (ARG)

Automotive Glass Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

·       Passenger Car

·       Light Commercial Vehicles (LCVs)

·       Heavy Commercial Vehicles (HCVs)

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Roofing Materials Market Shows Rapid Growth in Future

9-May-2019: The global roofing materials market size is expected to reach USD 154.20 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.2% during the forecast period. Thriving construction industry owing to consistent economic growth, coupled with low interest rates leading to increase in approval of building projects, is expected to aid market expansion.

Growing trend of development of reflective coatings for dark-colored roofing materials, which enable better heat reflection and reduce overall energy requirements, is presumed to fuel market expansion. In addition, evolving technology to improve the weatherability, installation, and aesthetics of the membrane roofing material is projected boost product demand.

The market exhibits the presence of a large number of substitutes, including living roofs, restoration coatings, and solar and SPF roofs. These materials have better performance characteristics as compared to common roofing materials available in the market. However, high maintenance and installation cost are expected to limit their growth, resulting in moderate threat of substitutes.

The industry is characterized by high brand loyalty, coupled with established long-term relationships between customers and manufacturers. Major market players are focusing on enhancing their brand reputation by offering a wide range of products with better quality standards as compared to competitors.

In depth research report on Roofing Materials Market

https://www.grandviewresearch.com/industry-analysis/roofing-materials-market

Further key findings from the study suggest:

·       On the basis of product, concrete and clay tile dominated the roofing materials market in 2018 and accounted for 35.6% share in the overall revenue, which can be attributed to their ease of installation, availability, durability, energy efficiency, and low cost

·       In terms of revenue, the residential application segment is expected to register a CAGR of 4.4% over the forecast period. This could be attributed to rising residential construction in emerging economies due to increasing population and stable economic growth

·       Asia Pacific emerged as the largest regional market in 2018 and is expected to reach USD 51.81 billion by 2025 owing to increasing infrastructure development activities, including renovation of airports, setting up of SEZs, and establishment of IT parks

·       In terms of revenue, China is estimated to exhibit a CAGR of 5.8% over the forecast period owing to government initiatives to encourage sustainable construction practices and increase energy efficiency

·       Industry players are focusing on inorganic growth by expanding their product portfolio to provide next generation solutions to their customers. In addition, they are aiming to integrate their manufacturing and distribution operations to increase their profit margins.

Grand View Research has segmented the global roofing materials market on the basis of product, application, and region:

Roofing Materials Product Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

·       Asphalt Shingles

·       Concrete & Clay Tile

·       Metal Roofs

·       Elastomers & Plastic

·       Others

Roofing Materials Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

·       Residential

·       Non-Residential

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/green-building-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/