DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d335hb/global_automotive) has announced the addition of the "Global Automotive Glass Market 2012-2016" report to their offering.
The Global Automotive Glass Market to Grow At A CAGR Of 3.60 Percent over the Period 2012-2016. One of the key factors contributing to this market growth is the growing demand for high-quality automotive glass. The Global Automotive Glass market has also been witnessing an increasing demand for head-up display. However, intense competition and the increasing shift toward small cars could pose a challenge to the growth of this market.
The key vendors dominating this market space include Asahi Glass Co. Ltd., FUYAO Glass Industry Group Co. Ltd, Nippon Sheet Glass Co. Ltd., and Saint-Gobain S.A.
The other vendors mentioned in the report are Guardian Industries, Pilkington plc, and Xinyi Auto Glass.
Commenting on the report, an analyst from the Automotive team said: The increasing demand for smart glass is one of the major trends in the Global Automotive Glass market. Smart glass is being used increasingly by high-end automotive manufacturers such as Mercedes Benz, BMW, and Audi. Smart glass is replacing normal glass in the Automotive industry for items such as windshields, sun visors, sunroofs, side windows, rear-view mirrors, and dashboard displays. Smart glass windshields, sunroofs, and side windows help save energy by maintaining the interior temperature of the car in extreme weather conditions. Smart glass windshields also provide the best vision to the driver around the clock. Furthermore, electrochromic rear-view mirrors are being adopted to facilitate automatic dimming in automobiles. Thus, the Global Smart Glass market in the Automotive industry is expected to reach around US$3.47 billion by 2018 because all major automotive manufacturers are planning to adopt various types of technically advanced smart glass in their upcoming high-end cars.
For more information visit http://www.researchandmarkets.com/research/d335hb/global_automotiv
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