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Laminated Glass Market Growth Statistics, Huge Opportunities, Future Demand, Top Key Players And Industry Forecast 2032 || Saint-Gobain S.A., Fuyao Glass Industry Group Co. Ltd
Laminated Glass Market
Laminated Glass Market Size, Growth Rate, And Forecast
The global laminated glass market size grew from $20.85 billion in 2022 to $22.99 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The laminated glass market size is expected to grow to $32.13 billion in 2027 at a CAGR of 8.7%.
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Laminated Glass Market Drivers
The high demand for laminated glass from the construction sector will contribute to the growth of the laminated glass market. In the construction sector, the growing trend of replacing cement, brick, and granite building exteriors with glass is resulting in a spurt in demand for laminated glass. Laminated glass is gradually finding use in edifices and residential homes owing to its attributes of strength, sound reduction, and impact resistance. For instance, the global construction market is expected to reach $15.2 trillion by 2030, according to Future of Construction, a forecast produced by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter. Hence, the significant growth in the construction sector coupled with the high demand for laminated glass will propel the growth of the market during the forecast period.
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Laminated Glass Market Segments
• By Type: Polyvinyl Butyral (PVB), Sentryglas Plus (SGP), Ethylene-Vinyl Acetate (EVA), Other Types
• By Interlayer: Polyvinyl Butyral, Ionoplast Polymer, Other Interlayer Types
• By Applications: Building and Construction, Automotive, Electronics, Solar Panels, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the laminated glass market.
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Laminated Glass Market Key Players
Major competitors in the laminated glass market are Saint-Gobain S.A., Fuyao Glass Industry Group Co. Ltd., Asahi India Glass Ltd., Guardian Industries, Taiwan Glass Group, Xinyi Glass Holdings Limited, Nippon Sheet Glass Co. Ltd.
The Business Research Company's "Global Laminated Glass Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Laminated Glass Market Include:
1. Executive Summary
2. Laminated Glass Market Characteristics
3. Laminated Glass Market Trends And Strategies
4. Laminated Glass Market - Macro Economic Scenario
5. Laminated Glass Market Size And Growth
………………
27. Laminated Glass Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Laminated Glass Market
29. Laminated Glass Market Future Outlook and Potential Analysis
30. Appendix
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