Audi, BMW and Daimler Adding Smart Glass
The glass market in Europe is reportedly expected to grow at a compound annual growth rate (CAGR) of 3.5% by revenue and 4.1% by volume over the period 2014-2019, according to “Glass Market in Europe 2015-2019,” a recent study available from Research and Markets. According to the report, the automobile and aviation industries are major end-users of advanced glass products, particularly electrochromic glass. The demand for smart glass, due to its unique energy-saving properties, is also growing in this sector, with major car manufacturers such as Audi, BMW, and Daimler replacing traditional glass with smart glass in their products. However, the report states that the glass industry is highly capital intensive, requiring heavy investment for setting up a manufacturing facility, which is detrimental to its growth.
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