Automotive GlassCompanies (2024 - 2029)

Automotive Glass Market Companies Summary

The automotive glass market has been affected by the temporary closure of businesses due to the coronavirus crisis, which has impacted the short-term prospects of automotive glass manufacturers. However, the growing demand from the rapidly evolving electric vehicle sector is anticipated to facilitate a quick recovery. Innovations in the automotive glass industry are primarily centered on enhancing the material strength of the product, with chemically tempered glass proving superior to traditional soda-lime glass alternatives. Automotive glass manufacturers are also increasingly focusing on product development and launch strategies in a fragmented global market. In addition to this, they are investing in capacity and geographic expansions to meet the growing international demand in the auto production sector. For instance, one company announced the development of a new float glass plant aimed at glass production for the automotive and construction sectors. Another firm announced an expansion for a new automotive glass plant, which will include equipment purchases and research and development investment.