The Business Research Company’s report on the Laminated Glass Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the laminated glass market in recent years?
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, in March 2023, according to Oxford Economics, a UK-based economic information services company, the value of construction work is projected to rise from $9.7 trillion in 2022 to $13.9 trillion by 2037, fueled by the major construction markets of China, the U.S., and India. 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.
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What is the projected market size of the laminated glass industry, and how is it expected to grow?
The laminated glass market size has grown strongly in recent years. It will grow from $23.41 billion in 2024 to $25.03 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing demand for value-added glass products, increased demand for lightweight glass to reduceThe overall weight of vehicles, growing construction industry, stringent automotive and building safety regulations, rising adoption of strategies by key players.
The laminated glass market size is expected to see strong growth in the next few years. It will grow to $34.24 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing research and development activities, manufacturers developing automotive glass comfort, safety, and visibility, smart glass integration, rising demand in emerging markets, urbanization and infrastructure development. Major trends in the forecast period include digital printing on glass, energy-efficient glazing, biophilic design, technological advancements, lightweight materials.
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Who are the key players driving competition 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 key trends are expected to drive the lactose-free infant formula market during the forecast period?
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 May 2023, OLMAR S.A., a Spain-based design and manufacture of autoclaves, ovens, and steam generators, developed autoclave laminated glass that is essential to the automobile and construction sectors. This features advanced safety and durability, providing enhanced sound insulation, UV protection, and thermal regulation while remaining intact upon impact, which minimizes injury risks. Its significance lies in its versatility for applications in both the automotive and construction industries, offering aesthetic appeal, energy efficiency, and compliance with safety regulations, ultimately contributing to a safer, more comfortable environment.
Which key geographies are driving the growth of 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
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What are the key segments driving growth in 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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How is the laminated glass market defined, and what are its core characteristics?
Laminated glass refers to a type of safety gas that is obtained by combining two or more sheets of float or tempered glass with one or more interlayers and is processed by autoclaving at 1400 °C and pressures up to 14 bars. Polyvinyl butyral (PVB) is the most common interlayer used in laminated glass and makes it stronger and tensile safe for further use in various industries such as construction and building, automotive, electronics, and solar panels.
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