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Construction Sector's Rising Demand For Laminated Glass Fuels Market Growth: An Emerging Driver Transforming The Laminated Glass Market Landscape
Laminated Glass
What Is the Projected Growth of the Laminated Glass Market?
There has been a solid escalation in the size of the laminated glass market over the past few years. The market is set to expand from $23.41 billion in 2024 to $25.03 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.9%. The substantial growth in the historic period is due to factors such as an increased preference for value-added glass products, a surge in demand for lightweight glass to minimize vehicle weight, growth in the construction sector, strict safety regulations in the automotive and building sectors, and the rising implementation of strategic approaches by leading market players.
Within the next few years, we anticipate a substantial surge in the laminated glass market size, with forecasts predicting it to reach $34.24 billion by 2029. This indicates a compound annual growth rate (CAGR) of 8.1%. Several factors are contributing to this increase during the forecast period such as, heightened activity in research and development, advancements in the development of automotive glass towards enhancing comfort, safety, and visibility, as well as the integration of smart glass technology. Furthermore, this growth can also be attributed to an escalating demand from emerging markets, fast-paced urbanization, and infrastructure development. Other significant trends to observe over the forecast period consist of digital glass printing, the push for energy-efficient glazing, the use of biophilic design, technological progression, and the increasing demands for lightweight materials.
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What Are the Different Laminated Glass Market 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
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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What Are the Primary Drivers Shaping the Laminated Glass Market?
The laminated glass market's expansion is anticipated to be driven by high demand from the construction industry. The increasing trend of substituting cement, brick, and granite exteriors in buildings with glass is leading to a significant boost in demand for laminated glass in the construction sector. Due to its strength, sound reduction, and impact resistance properties, laminated glass is increasingly being adopted in buildings and residential homes. For instance, Oxford Economics, a UK-based provider of economic information, forecasts that the value of construction work will increase from $9.7 trillion in 2022 to $13.9 trillion by 2037, driven by the major construction markets in China, the U.S., and India. Therefore, the prominent growth in the construction industry, combined with the high demand for laminated glass, is anticipated to accelerate the laminated glass market's growth during the predicted period.
Which Companies Are Leading in the Laminated Glass Market?
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.
What Are the Major Trends Shaping the Laminated Glass Market?
Advancements in technology are becoming increasingly noticeable in the laminated glass market. A range of companies that manufacture laminated glass are either developing or adopting fresh innovations to generate new application possibilities in the sectors of aerospace and automotive. For example, OLMAR S.A., a Spanish company that specializes in the design and manufacturing of autoclaves, ovens, and steam generators, produced autoclave laminated glass in May 2023. This product offers advantages such as high safety, strength, improved sound insulation, UV protection, and temperature control, all while maintaining structural integrity upon impact, which amplifies its injury prevention capacity. It excels in versatility, with uses in the automobile and building sectors, providing visual appeal along with energy efficiency, adherence to safety measures, and contributing to the creation of safer, more pleasant surroundings.
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What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Laminated Glass Market?
2. What is the CAGR expected in the Laminated Glass Market?
3. What Are the Key Innovations Transforming the Laminated Glass Industry?
4. Which Region Is Leading the Laminated Glass Market?
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