Press release
Laminated Glass Market Expected to Reach $31.61 Billion by 2028, Fueled by Construction Sector
Laminated Glass Market Report
rising adoption of strategies by key players.
The laminated glass market size is expected to see strong growth in the next few years. It will grow to $31.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing research and development activities, manufacturers developing automotive glass comfort, safety, and visibility, smart glass integration, rising demand in emerging markets, urbanization and infrastructure development. Major trends in the forecast period include digital printing on glass, energy-efficient glazing, biophilic design, technological advancements, lightweight materials.
Market Overview -
Laminated glass refers to a type of safety gas that is obtained by combining two or more sheets of float or tempered glass with one or more interlayers and is processed by autoclaving at 1400 °C and pressures up to 14 bars. Polyvinyl butyral (PVB) is the most common interlayer used in laminated glass and makes it stronger and tensile safe for further use in various industries such as construction and building, automotive, electronics, and solar panels.
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Construction Sector's Rising Demand For Laminated Glass Fuels Market Growth
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 laminated glass market during the forecast period.
Competitive Landscape -
Major companies operating in the laminated glass market report are Saint-Gobain S. A., Fuyao Glass Industry Group Co. Ltd., Asahi India Glass Ltd., Guardian Industries Corp., Taiwan Glass China Holding Ltd., Xinyi Glass Holdings Limited, Nippon Sheet Glass Co. Ltd., Turkiye Sise ve Cam Fabrikalari AS, China Southern Glass Holding Limited, Cardinal Glass Industries Inc., Central Glass Co. Ltd., Schott AG, Flair International Ltd., Euroverre Inc., Gentex Corporation, Press Glass Sa, Asahi Glass Co. Ltd., Pilkington Group Limited, Vitro, S. A. B. de C. V., China Luoyang Float Glass Group Co. Ltd., Euroglas GmbH, Sangalli Servomotori S. r. l., Shanghai Yaohua Pilkington Glass Group Co. Ltd., Tyneside Safety Glass Co. Ltd., AJJ Glass Products Co. Ltd., Emerge Glass India Pvt. Ltd., Fuso Glass India Pvt. Ltd., GSC Glass Ltd., Hindusthan National Glass & Ind. Ltd, PPG Industries Inc.
Laminated Glass Market Embraces Technological Advancements For Aerospace And Automotive Innovations
Technological advancement is a key trend gaining popularity in the laminated glass market. Companies manufacturing laminated glass are introducing or acquiring new technologies to develop features for new applications in the aerospace and automotive sector. For instance, in October 2021, Gentex Corporation, a US-based provider of high-tech electronic products for the automotive, aerospace, and commercial fire protection industries, announced the acquisition of a novel laminating technology that produces long-lasting, lightweight, ultra-thin glass for aircraft cabin partitions, mirrors, and wood veneer applications. Gentex acquired Air-Craftglass, a Belgian startup founded to develop glass solutions for private and commercial aircraft and included the new laminating technology and related patents. The company eventually created a lightweight, chemically strengthened, thin-glass laminate that outperforms polycarbonate structures in terms of noise reduction, durability, UV resistance, antibacterial performance, and flame/smoke resistance.
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Key Segments -
The laminated glass market covered in this report is segmented -
1) By Type: Polyvinyl Butyral (PVB), Sentryglas Plus (SGP), Ethylene-Vinyl Acetate (EVA), Other Types
2) By Interlayer: Polyvinyl Butyral, Ionoplast Polymer, Other Interlayer Types
3) By Applications: Building and Construction, Automotive, Electronics, Solar Panels, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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