Custom home interior with large windows, solid walnut hardwood floor and a large fireplace.
Overview and Scope
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.
Sizing and Forecast
The laminated glass market size has grown strongly in recent years. It will grow from $22.1 billion in 2023 to $23.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growing demand for value-added glass products, increased demand for lightweight glass to reduce the 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 $31.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. 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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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the laminated glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in thelaminated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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, the global construction market is expected to reach $15.2 trillion by 2030, according to Future of Construction, a forecast produced by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter. 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.
Key Industry Players
Major companies operating in the laminated glass market report are 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.
The laminated glass market report table of contents includes:
1. Executive Summary
2. Laminated Glass Market Characteristics
3. Laminated Glass Market Trends And Strategies
4. Laminated Glass Market – Macro Economic Scenario
5. Global Laminated Glass Market Size and Growth
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26. South America Laminated Glass Market
27. Brazil Laminated Glass Market
28. Middle East Laminated Glass Market
29. Africa Laminated Glass Market
30. Laminated Glass Market Competitive Landscape And Company Profiles
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