As per the report published by Fior Markets, the global laminated glass market is expected to grow from USD 20.82 billion in 2021 and to reach USD 33.94 billion by 2029, growing at a CAGR of 6.3% during the forecast period 2021-2029.
The laminated glass market is witnessing significant growth in the past years. This growth is attributed to the rising demand from the automotive industry, the growing trend of replacing the cement, brick, and granite building exteriors globally, and increasing awareness regarding the advantages of utilizing glasses in construction. Additionally, the growing demand for laminated glass across the automotive enterprise for manufacturing light commercial vehicles, buses & coaches, heavy trucks, and passenger cars is another propelling factor of the market growth.
Laminated glass is created of two plies of glass that are interconnected among interlayers to form an abiding bond. Laminated glass is an excellent alternative to normal glass, providing a robust and tough structure that is difficult to break. Low-emissivity glass can aid in decreasing heat gain from the sun that permits air conditioning to be utilized less often & emissions to be reduced. The most typical usage of laminated glass is automobile windshields and skylight glazing. Laminated glass offers high-performance, multi-functional, and durability advantages and simultaneously sustains the aesthetic impression of glass. Laminated glass aids provide security from injury & property damage generated by glass breaking because of natural disasters like earthquakes and hurricanes.
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The global laminated glass market is expected to witness significant growth due to the increasing government industries in infrastructure projects, particularly in the Middle East. Additionally, the rising demand for laminated glass from end-use initiatives like telecom, healthcare, aerospace, and electronics, among others, is also expected to drive market growth during the projection period. Moreover, the rising awareness regarding the benefits of glasses and their use in construction & building and advantages like energy savings, security, and safety also help propel the market growth during the forecast period. The volatile costs of the raw materials are expected to hinder the market growth. The laminated glass is vastly utilized in windshield covers in the automotive enterprise is anticipated to opportunities for market growth. The high amount of emissions in the production of glass is expected to challenge market growth.
Key players operating in the global laminated glass market include AGC Inc., Saint-Gobain S.A., Central Glass Co. Ltd., Taiwan Glass Industry, Xinyi Glass Holdings Ltd., Sisecam Group, Nippon Sheet Glass Co. Ltd., CGS Holdings Co. Ltd., Guardian Industries Corporation, Schott AG, and Fuyao Glass Industry Group Co. Ltd., and among others. To gain a significant market share in the laminated glass market, the key players are now focusing on adopting product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. Saint-Gobain S.A. and Asahi Glass are a vital manufacturers operating in the laminated glass market.
- For example, Saint-Gobain S.A. Company announced the acquisition of Continental Building Products in Jan 2020. This acquisition assisted the business in extending its geographical reach in Southeast, East, and North America.
- For example, Asahi Glass Company concluded an accord with NOMURA, September 2019 to accelerate and develop the company expansion of different glass products, particularly in the interior market.
The doors, windows, & skylights segment dominated the market and held the largest market share of 25.18% in the year 2021
On the basis of application, the global laminated glass market is segmented into doors, windows, & skylights, overhead glazing, facades & canopies, structural glass flooring, and stairs, walkways, & pedestrian bridges. The doors, windows, & skylights segment dominated the market and held the largest market share of 25.18% in the year 2021. This growth is attributed to the raised demand for laminated glasses.
Polyvinyl butyral segment dominated the market and held the largest market share of 35.21% in the year 2021
On the basis of interlayer, the global laminated glass market is segmented ionoplast polymer, polyvinyl butyral, and others. Polyvinyl butyral segment dominated the market and held the largest market share of 35.21% in the year 2021. This growth is attributed to different laminated glass properties like exceptional adhesion, binding power, and transparency. Further, the polyvinyl butyral is a broadly accepted choice for laminated glass utilized in windshields.
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Construction segment dominated the market and held the largest market share of 38.27% in the year 2021
On the basis of end-use, the global laminated glass market is segmented automobile, construction, and others. Construction segment dominated the market and held the largest market share of 38.27% in the year 2021. This growth is attributed to the rising trend of the sunroofs and large windshields in the automobiles energies. Also, the growing government investments in airports, building & construction projects, other facilities, etc., contribute to the segment’s growth. Furthermore, the laminated glass is dust-proof, sound-proof, and ideal for UV rays security also helps boost the segment’s growth.
Regional Segment of Laminated Glass Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Based on geography, the laminated glass market has been classified into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The North America region holds the largest market share of 39.16% in the year 2021. This growth is attributed to the presence of some long-established automobile corporations. The market in the Asia Pacific is expected to witness significant growth due to the increasing demand from countries like China, Japan, & India and the growing investments by multiple automobile businesses. Also, increasing awareness & concern about UV & noise security and forced entry contributes to the region’s growth.
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About the report:
The global laminated glass market is analysed on the basis of value (USD Billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insights of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitors’ position grid analysis.
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