Tinted Laminated Glass Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Tinted Laminated Glass Market
The Tinted Laminated Glass Market size was valued at USD 7.68 billion in 2021. The market is projected to grow from USD 8.02 billion in 2022 to USD 12.33 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period of 2024-2032.
The COVID-19 pandemic negatively affected the tinted laminated glass marketplace as production halted throughout key industries like car and production. Lockdowns disrupted deliver chains, limited workforce availability, and paused many infrastructure projects. Since laminated glass is regularly classified as non-important, manufacturers experienced a steep decline in demand at some point of the pandemic. However, as economies reopened, the recuperation was driven through elevated private vehicle use, reducing reliance on public delivery and boosting car laminated glass sales.
A distinguished trend inside the tinted laminated glass market is the growing use of laminated glass in electric and autonomous motors. This sort of glass gives superior safety, sound insulation, and UV protection, making it rather desired in next-gen automobiles. Moreover, aftermarket set up of laminated glass is turning into famous as purchasers are searching for to update conventional tempered glass for higher visibility and performance.
The number one driver of marketplace growth is the increasing awareness on safety and durability. Laminated glass remains intact all through influences, decreasing the risk of injuries and stopping harm to airbags. In automobiles and homes, its resistance to shattering makes it perfect for defensive passengers and occupants from accidents or external assaults. Additionally, laminated glass's soundproofing properties and power efficiency in addition improve call for, especially in urban infrastructure tasks and luxury motors.
Comprehensive Analysis of Tinted Laminated Glass Market
The Tinted Laminated Glass Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type, by application. By type include handheld, bagpack, vehicular, others. By Application include intelligence organization, government structure, others.
The Asia Pacific location lead the Tinted Laminated Glass Market share percentage via benefitting a marketplace size of USD 4.59 billion The region is also expected to register faster growth during the forecast period on the basis of flourishing construction activities in both developed and developing economies in the region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
April 2021 – Gold Plus Glass Industry, an Indian main producer of flat glass which includes laminated glass, announced manufacturing potential expansion plans with the funding of USD 290 million. This step turned into taken to reinforce the company’s function inside the neighborhood and foreign places glass industry. The enterprise is targeting to install float & sun glass manufacturing ability of 700,000 metric tons in keeping with annum.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Billion)
Segmentation By Application and Geography
By Application Construction
Automotive
Others
By Geography
North America (By Application, By Country)
U.S.
Canada
Europe (By Application, By Country)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific (By Application, By Country)
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
Latin America (By Application, By Country)
Brazil
Mexico
Rest of Latin America
Middle East and Africa (By Application, By Sub-Region)
GCC
Rest of Middle East & Africa
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