Asia Pacific held a dominant position in the global automotive glass market in 2017 and expected
to retain its dominance during the forecasted period (2018–2026). This growth is attributed to
presence of emerging economies in this region such as India, China, and Japan positioned as the
growth engines in the automotive sector. According to Organisation Internationale des
Constructeurs d'Automobiles (OICA) in 2016, 39.4 million units of passenger cars were sold in
this region, up from 36.1 million units in 2015. It also stated that in 2016, China held 61.8% share
of the total Asia Pacific passenger cars sales and 35.1% of the global passenger cars sales.
Hence, China was the largest market in the region in 2016. Thus, growing sales of passenger
vehicles will inadvertently increase demand for automotive glass for passenger vehicles. Hence,
this factor will help in boosting growth of the automotive glass in this particular region.
Global Automotive Glass Market: Competitive Landscape
Key players operating in the global automotive glass market are Fuyao Group Automobile Glass
Co., Ltd., Asahi Glass Company Ltd, Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Magna
International, Inc., Xinyi Glass Holdings Ltd, and Gentex Corporation.
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The players in the market are focusing on acquisitions and expansion of manufacturing
capability, in order to remain competitive in the market. For example, in April 2015, Asahi Glass
Company Ltd. acquired the Nordglass Group, which is known for producing windshields for the
automotive industry. This acquisition helped the Asahi Glass Company Ltd. to strengthen its
market position in the automotive glass business.
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