Global Laminated Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Laminated Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Laminated glass is produced by laminating one or more layers of organic resin interlayer between two or more sheets of glass at high temperature and pressure. PVB interlayer is generally used in the middle, and SGP interlayer with better safety performance, soundproof interlayer with better sound insulation performance, heat-insulating interlayer with better energy-saving effect or colored. Laminated glass is a type of safety glass that holds together when shattered. In the event of breaking, it is held in place by an interlayer, typically of polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), or Thermoplastic Polyurethane (TPU), between its two or more layers of glass. The interlayer keeps the layers of glass bonded even when broken, and its high strength prevents the glass from breaking up into large sharp pieces. This produces a characteristic spider web cracking pattern when the impact is not enough to completely pierce the glass.

Market Overview:

The latest research study on the global Laminated Glass market finds that the global Laminated Glass market reached a value of USD 8851.49 million in 2022. It’s expected that the market will achieve USD 11278.53 million by 2028, exhibiting a CAGR of 4.12% during the forecast period.

First of all, marketing channel sales will be affected differently, the COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Laminated Glass enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

In addition, upstream and downstream interactions will lead to disruption of business. The epidemic will have a short-term impact on Laminated Glass industry, but it is relatively limited. The transportation of raw materials and products is restricted, resulting in an increase in product inventory and a decrease in equipment operating rate. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Laminated Glass industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Moreover, the COVID-19 virus outbreak has affected the normal operation of the industry. The impact of COVID-19 on the Laminated Glass industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Outstanding advantages of the product itself

Increasing awareness about various benefits of offered by laminated glasses such as security, safety and energy savings in the construction industry has triggered the demand for laminated glass. The bonding of materials to glass provides a variety of performance benefits in architectural applications. The most important characteristic is the ability of the interlayer(s) to support and hold the glass when broken. This provides increased protection against glass fall-out and penetration through the opening. Most building codes, for example, require the use of laminated glass for overhead glazing. Other applications include safety glazing, acoustical insulation, resistance to smash-and-grab burglaries, windborne debris, bullets, and blast hazard mitigation.

Meanwhile, over the forecast period, the PVB laminated glass has good tenacity performance due to which the PVB absorbs a large amount of force and disperses it evenly. Thus, breaking a laminated glass is a difficult task. The PVB laminated glass also has the property of viscoelasticity thus reducing the sound acoustic insulation. The laminated glasses are used widely owing to its strength, impact resistance, sound reduction, hurricane and earthquake resistance, bullet resistance, etc. In a word, the powerful functions and benefits of laminated glasses drive consumption, which is beneficial to the development of the industry.

Development of substitutes

As a kind of safety glass, laminated glass is threatened by substitutes such as tempered glass. Safety glass is essential for all kinds of projects from patio furniture and shower doors to business storefronts. There are two different break-resistant solutions: laminated glass and tempered glass. Both can be excellent options for home, business and auto owners looking to increase the safety and security of their glass – but it depends on the application. Tempered glass is a type of safety glass manufactured with the aid of heat or chemicals used to strengthen the glass. This process is sometimes referred to as “tempering.” Tempered glass can be up to four times stronger than typical annealed glass of the same size and thickness. Tempered glass is commonly used in big windows, skyscrapers, automotive glass, monitor screens (on computers or phones) and in-home appliances. Tempered glass is a perfect glass application for inside home. Applications include glass for tub and shower doors. It’s easy to clean and often cheaper than laminated glass.

Thus, the availability of substitutes like the tempered glass is a major restraint for the global laminated glass market. The continuous development of these alternatives has seized the market share of laminated glass and brought challenges to the development of laminated glass industry

Region Overview:

Asia-Pacific dominated the Laminated Glass market in 2022, with a market share of 56.48%.

Company Overview:

AGC Inc. is one of the major players operating in the Laminated Glass market, holding a share of 23.86% in 2023.

AGC Inc.

AGC Inc. manufactures and sells glass products. The Company produces architectural glass, automotive glass, applied glass materials, and other products. AGC also produces electronics, chemicals, and other products. AGC's business extends into over 30 countries and regions with regional pillars in Japan/Asia, Europe and North & South America.

Fuyao Group

Fuyao Group Co., Ltd. manufactures and distributes automobile glass. The Company produces and sells automotive grade float glass, automotive glass, locomotive glass, and other products. Fuyao Group markets its products worldwide. Fuyao Group is the dominant market leader in China and the only company that specializes in automotive glass production among the world’s leading automotive glass manufacturers.

Segmentation Overview:

As for product types, the Ionoplast Polymers segment held the largest market share in 2022.

Application Overview:

By application, the Non-Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Laminated Glass market covered in Chapter 3:

CSG Holding
Schott AG
China Luoyang Float Glass Group Co., Ltd.
NSG Group
AGC Inc.
Cardinal Glass Industries, Inc.
Saint-Gobain
Flat Glass Group
Fuyao Group
Vitro, S.A.B. de C.V.
Shanghai Yaohua Pilkington Glass
Xinyi Glass
Central Glass Co., Ltd.
Arnold Glas Corporation
Guardian Industries
Fuso Glass India Pvt. Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Laminated Glass market from 2018 to 2029 is primarily split into:

Poly Vinyl Butyral (PVB)
Ethyl Vinyl Acetate (EVA)
Ionoplast Polymers
Thermoplastic Polyurethane (TPU)
Cast in Place (CIP) Liquid Resin

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Laminated Glass market from 2018 to 2029 covers:

Residential
Non-Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)