GLOBAL AUTOMOTIVE GLASS MARKET ANALYSIS
Fluctuating prices of raw materials is one of the major challenges for growth of the automotive glass market
Fluctuation in the prices of glass raw material is one of the factors affecting demand for glasses in the automotive sector. As the changes in the pricing of material directly affects the expense of the automakers, which proportionally affects the profit margins of the automakers. For instance, in May 2018, according to a press release of Producer Price Index (PPI), the PPI for specialty glass, which includes auto glass, witnessed a rise by 1.4 % year-over-year basis in terms of price.
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