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Laminated Glass: Core Growth Enabler in the Construction Sector's Rising Demand For Laminated Glass Fuels Market Growth Market, 2025
Laminated Glass
What Will the Laminated Glass Industry Market Size Be by 2025?
There has been a significant expansion in the laminated glass market in the past years. The market, which was worth $23.41 billion in 2024, is projected to increase to $25.03 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors such as rising demand for high-value glass products, the growing need for lighter glass to lessen vehicle weight, expansion in the construction sector, rigorous car and building safety norms, and an uptick in strategy adoption by leading participants have all contributed to the growth observed in the historic period.
What's the Long-Term Growth Forecast for the Laminated Glass Market Size Through 2029?
Anticipations indicate a robust growth trend for the laminated glass market in the subsequent years, set to reach $34.24 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 8.1%. Factors propelling this growth over the predicted period include increased R&D activities, developments in automotive glass comfort, safety and visibility by manufacturers, the integration of smart glass, rising demand in emerging markets, as well as urbanization and infrastructural development. The forecast period will also witness major trends such as digital printing on glass, energy-efficient glazing, biophilic design, advancements in technology, and the use of lightweight materials.
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What Are the Key Growth Drivers Fueling the Laminated Glass Market Expansion?
The laminated glass market's expansion is primarily driven by the high demand from the construction industry. Increasing trends of substituting traditional building exteriors made with cement, brick, and granite with glass is fueling a surge in laminated glass' consumption. The increasing usage of laminated glass in large buildings and residential properties due to its strength, noise reduction, and impact resistance qualities also boost its demand. For instance, Oxford Economics, a UK-based provider of economic information, predicted in March 2023 that the value of construction work would jump from $9.7 trillion in 2022 to $13.9 trillion by 2037, with China, the U.S., and India leading the growth. Therefore, the robust growth in the construction industry combined with the rising demand for laminated glass is expected to stimulate the laminated glass market's growth during the predicted timeframe.
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What Are the Key Trends Driving Laminated Glass Market Growth?
The rise in technological advancements is emerging as a pivotal trend in the laminated glass marketplace. Firms dedicated to the production of laminated glass are either integrating or obtaining novel technologies to engineer features for new uses in the automotive and aerospace sectors. For example, in May 2023, OLMAR S.A., a Spain-originated company specializing in autoclaves, ovens, and steam generators design and production, fashioned an autoclave laminated glass crucial for the automotive and construction industries. The product offers advanced durability and safety while offering improved soundproofing, UV defense, and temperature control while staying intact on impact, thereby reducing injury hazards. The product stands out due to its versatility in both the automotive and construction sectors, while bringing in aesthetic charm, energy conservation, and compliance with safety norms, ultimately creating a safer and more enjoyable environment.
How Is the Laminated Glass Market Segmented?
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 Companies Are Leading the Charge in Laminated Glass Market Innovation?
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.
Which Regions Are Leading the Global Laminated Glass Market in Revenue?
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
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