The major factors driving the growth of this market include the increasing demand for lightweight vehicles, rapid urbanization, and increasing disposable income in developing countries. Furthermore, regulations related to vehicle safety are encouraging automakers to use encapsulated glass for windshields and side windows. The growing number of automobile manufacturers and suppliers is also predicted to fuel the sector's expansion.
Auto glass encapsulation technology is used to reduce the weight of vehicles, improve their safety and efficiency, and provide better aesthetics. This technology gives automakers the option to use different materials such as thermoplastic elastomers (TPE), ethylene-propylene-diene monomer (EPDM), polyurethane (PUR), and polyvinyl chloride (PVC) for the encapsulation of auto glass. This helps in improving the acoustic, thermal, optic, al and mechanical properties of the automotive glass.
The main advantages of auto glass encapsulation are improved fuel efficiency, lower CO2 emissions, reduced vehicle weight, and better acoustics. The use of encapsulated glass also helps in providing superior aesthetics to the vehicle. Furthermore, the technology is cost-effective and makes it easier for automakers to manufacture various components quickly and efficiently.
Auto glass encapsulation is a process of bonding the auto glass to its frame, typically using thermoplastic elastomers (TPE), ethylene-propylene-diene monomer (EPDM), polyurethane (PUR), and polyvinyl chloride (PVC). This provides enhanced properties such as weatherproofing, sound insulation, and shock resistance. The technology also helps in reducing the weight of vehicles, as well as improving their safety and efficiency.
The auto glass encapsulation market offers a variety of services such as design, prototyping, and testing. It also provides automotive manufacturers with a wide range of materials for manufacturing components that can be used in various applications. Furthermore, the technology helps automakers reduce the time to market and make vehicles more efficient.
The market for vehicle glass encapsulation is anticipated to be worth USD 9.17 billion in 2021 and USD 15.6 billion by 2031, growing at a CAGR of 6% over the forecast period (2021-2031).
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Some of the factors that are anticipated to limit this market's growth include the high cost of raw materials and the process' complexity. Future industrial growth may also be hampered by fluctuating raw material prices. The major factor propelling the market is the increasing demand for lightweight vehicles and regulations regarding vehicle safety. Furthermore, with rapid urbanization and improving disposable income in developing countries, automakers are looking to use this technology to make lighter and safer automobiles.
The key players in the auto glass encapsulation market are Cie. de Saint-Gobain, Henkel AG & Co. KGaA Nippon Sheet Glass Co., Ltd., AGC Inc., PolyOne Corporation, Trelleborg AB, and UBE Industries, Ltd., among others. These players are focusing on strategic collaborations, new product launches, and partnerships to gain a competitive edge in the market. The trend of using advanced materials like carbon fiber-reinforced polymer is gaining traction in the auto glass encapsulation market. This is due to its higher performance and lightweight properties when compared to other materials.
Segment Analysis
The TPE segment Type Emerges as the Most Lucrative Segment
This can mainly be attributed to its superior weatherproofing and sound insulation properties, which makes it ideal for use in automotive components. Additionally, this material does not require curing or drying time which further reduces the production cycle of vehicles.
The passenger vehicles segment to Ensure Revenue Maximization
Over the projected period, it is predicted that the passenger car category would expand the quickest. This can mainly be attributed to increasing sales of passenger vehicles due to increasing disposable incomes in developing countries, coupled with advancements in technology and safety regulations. Additionally, automakers are focusing on reducing vehicle weight and enhancing fuel efficiency which will further drive the demand for auto glass endcaps ulation for passenger vehicles.
The Asia Pacific (APAC) region to render Adequate Financing Avenues
The Asia Pacific region is estimated to be the fastest-growing regional market for auto glass encapsulation due to rapid industrialization and increasing demand for lightweight automobiles, especially in countries like China and India. Furthermore, with stringent regulations regarding vehicle safety, automakers in this region are focusing on using advanced materials to make their vehicles safer. This is projected to push the expansion of the vehicle glass encapsulation market in this area even more. Additionally, the increasing demand for autonomous and semi-autonomous vehicles will further propel the growth of this market over the forecast period (2021-2031).
COVID-19 Impact and Market Status
The pandemic of COVID-19 has had a substantial influence on a variety of businesses, including the vehicle glass encapsulation market. With the closure of factories and supply chain disruptions, automakers have been unable to meet their production targets, leading to decreased demand for auto glass encapsulation products. Additionally, with lower disposable incomes due to job losses and reduced wages, consumers have cut back on spending, leading to reduced demand for vehicles. However, with the easing of lockdown restrictions, automakers are looking toward increasing production and sales in order to make up for lost revenue. Thus, it is anticipated that the auto glass encapsulation market will recover in the near future.
Recent Developments in the Auto Glass Encapsulation Market
• In 2019, a leading automotive materials producer launched a new advanced encapsulant material for auto glass. This new product was designed to provide superior optical clarity and reduce noise from outside the vehicle.
• In 2020, an automotive tier-1 supplier developed a lightweight and high-strength auto glass encapsulation system which enabled automakers to manufacture lighter vehicles with improved fuel efficiency.
• In June 2020, Trelleborg AB launched a new range of EPDM-encapsulated glass seals for automotive applications. This allowed the corporation to broaden its product offering and achieve a market edge.
• In 2021, a tier-1 supplier announced that it had developed a new film-based encapsulation technology that is designed to increase the durability and safety of auto glass components. This technology is expected to be used by automakers in the near future.
Auto Glass Encapsulation Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 15.6 billion |
| Growth Rate | CAGR of 6% during 2021-2031 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Cie. de Saint-Gobain, Henkel AG & Co. KGaA Nippon Sheet Glass Co., Ltd., AGC Inc., PolyOne Corporation, Trelleborg AB, and UBE Industries, Ltd., among others |
Key Segment of Global Auto Glass Encapsulation Market
By Type Overview 2021-2031, (USD Billion)
• TPE
• PUR
• EPDM
• PVC
By Application Overview 2021-2031, (USD Billion)
• Commercial Vehicle
• Passenger Vehicle
By Region Overview 2021-2031, (USD Billion)
North America
• USA
• Canada
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of North America
Europe
• Germany
• France
• UK
• Rest of Europe
Middle East and Africa
Frequently Asked Questions (FAQ) :
The global Auto Glass Encapsulation market size is expected to reach USD 15.6 billion in 2031.