Press release
Leading Element Driving Change in the Laminated Glass Market in 2025: Construction Sector's Rising Demand For Laminated Glass Fuels Market Growth Driver
Laminated Glass Market
The laminated glass market is poised for growth, bolstered by high demand from the construction industry. A rising trend within this sector is the move away from cement, brick, and granite exteriors towards glass, triggering a surge in demand for laminated glass. The strength, sound reduction, and impact resistance offered by laminated glass make it a popular choice for buildings and residential homes. As per Oxford Economics, a UK-based economic data provider, the value of construction work is set to increase from $9.7 trillion in 2022 to $13.9 trillion by 2037. This growth is largely driven by major construction markets in China, the U.S. and India. Thus, the boom in the construction sector paired with elevated demand for laminated glass is anticipated to drive the growth of the laminated glass market in the forthcoming period.
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What Is the projected market size and growth rate for the laminated glass market?
The market size for laminated glass has been experiencing robust growth in the past few years. Predictions suggest a rise from $23.41 billion in 2024 to $25.03 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 6.9%. This surge during the historic period can be attributed to various factors such as a heightened demand for high-value glass products, the increasing need for lightweight glass aimed at decreasing the total weight of vehicles, an expanding construction industry, rigid safety regulations within both automotive and building sectors, and the implementation of strategic initiatives by prominent market players.
Anticipated robust expansion is expected to characterize the laminated glass market in the coming years, with a forecasted growth up to $34.24 billion by 2029, presenting a compound annual growth rate (CAGR) of 8.1%. The surge predicted during this period is due to an increase in research and development activities, enhanced automotive glass comfort, safety and visibility through product development by manufacturers, smart glass integration, and a blooming demand in emerging markets. The escalations can also be attributed to the boom in urbanization and infrastructure development. The dominant trends during this period are likely to be the advent of digital printing on glass, energy-efficient glazing, introduction to biophilic design and technological advancements, along with lightweight materials making headway.
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What new trends are reshaping the laminated glass market and its opportunities?
The rise in technological advancements is becoming a noteworthy trend within the laminated glass market. Manufacturers of laminated glass are either incorporating or procuring new technology to create features suitable for newer applications in the aerospace and automotive industries. For instance, OLMAR S.A., a Spain-based company specializing in the production of autoclaves, ovens, and steam generators, introduced autoclave laminated glass in May 2023. This is an essential product for the auto industry and construction sector, providing enhanced safety, longevity alongside improved sound insulation, UV protection and thermal regulation. In addition, it remains intact upon impact, thereby reducing risk of injuries. The product stands out due to its versatility in application within both automotive and construction sectors, adding a visual appeal, increased energy efficiency, and adherence to safety regulations. This eventually leads to a safer, more conducive environment.
What major market segments define the scope and growth of the laminated glass market?
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
Subsegments:
1) By Polyvinyl Butyral (PVB): Standard PVB, High-Performance PVB
2) By Sentryglas Plus (SGP): Standard SGP, Customized SGP Solutions
3) By Ethylene-Vinyl Acetate (EVA): Standard EVA, High-Temperature EVA
4) By Other Types: Thermoplastic Polyurethane (TPU), Acrylic Laminates, Other Specialty Laminates
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Which region dominates the laminated glass market?
Asia-Pacific was the largest region in the laminated glass market in 2024.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
Which key market leaders are driving the laminated glass industry growth?
Major companies operating in the laminated glass market include 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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What Is Covered In The Laminated Glass Global Market Report?
•Market Size Forecast: Examine the laminated glass market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the laminated glass market for a structured understanding.
•Key Players Overview: Analyze major players in the laminated glass market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laminated glass market.
•Segment Contributions: Evaluate how different segments drive overall growth in the laminated glass market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laminated glass market.
•Industry Challenges: Identify potential risks and obstacles affecting the laminated glass market.
•Competitive Landscape: Review strategic developments in the laminated glass market, including expansions, agreements, and new product launches.
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