The global automotive glass market size was valued at USD 30.3 billion in 2019 and is expected to register a CAGR of 4.5% over the forecast period. Increasing emphasis on lightweight cars on account of rising harmful emissions from vehicles that have an adverse effect on the environment drives the glass penetration in the automotive industry.
The production of automobiles witnessed a decline in the past two years; however, it is expected to register an upward growth trend from the second half of 2020 onward. This growth is attributed to the development of the automotive manufacturing sector, particularly in countries such as China and India owing to increasing government initiatives regarding motor vehicle regulations.
Technological advancements in the automotive sector, along with continuous upgradation in vehicle design, has compelled market players to introduce advanced products for automotive manufacturers. For instance, in FY 2018-2019, AIS offered its products to