However, on a positive note, decreased growth of automotive industry is slightly offset by concentrated high demand for large vehicles such as minivans and pickup trucks and by increased usage of automotive glass per vehicle.In addition, there is slow but growing demand for safety and bulletproof specialty auto glass. Emerging automotive markets are expected to register higher growth rates, as against mature markets. Further, need for enhanced energy efficiency, increased security, safety and comfort have led to increased demand for value added auto glass. High enduring and high quality automotive glass continue to challenge the replacement market sales. However, aftermarket use of automotive glass is shrinking and is being replaced to a large extent by demand in Original Equipment Manufacturer (OEM) segment. This is mainly due to increase in glass durability that has led to reduced need for replacement.
Emergence of large array of glass including smart glass, automatic darkening glass, low-emissivity glass, solar control glass, and bullet-resistant glass has increased market value of the product. Particularly after the terror attack in US, demand for bulletproof glass has drastically increased. An upbeat trend in energy conservation awareness and implementation of the same through strict regulations has enhanced demand for energy conserving auto glass.
These and other market data and trends are presented in "Automotive Glass: A Global Market Perspective" by BizAcumen, Inc. Our reports are designed to be most comprehensive in geographic coverage and vertical market analyses. "