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Laminated Glass Market Size, Share, Growth, Latest Trends, Industry Analysis By 2033
Laminated Glass Market Size
Laminated Glass Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $31.61 billion In 2028 At A CAGR Of 7.4% :
The laminated glass market size has grown strongly in recent years. It will grow from $22.1 billion in 2023 to $23.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growing demand for value-added glass products, increased demand for lightweight glass to reduce the overall weight of vehicles, growing construction industry, stringent automotive and building safety regulations,
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.
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Laminated Glass Market Major 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 Driver - 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.
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Prominent Trend - 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.
Laminated Glass Market Players
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.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the laminated glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laminated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Laminated Glass Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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