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Laminated Glass Global Market Report 2024 - By Share, Size, Demand And Trends, Outlook By 2033
Laminated Glass Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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