Global Laminated Glass Market Size, Trends, By Interlayer (Polyvinyl Butyral (PVB), Ethylene-Vinyl Acetate (EVA), Ionoplast Polymer, and Others), By End-use (Automotive, Electronics, Construction, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Laminated Glass Market
The Global Laminated Glass Market was valued at US$ 21.92 Bn in 2022, estimated to reach US$ 33.71 Bn by 2030, with a CAGR of 5.48% from 2023-2030.
Laminated glass is a specialized type of safety glass that consists of two or more layers of glass with an interlayer of polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), or any other layer sandwiched between them. This interlayer provides remarkable strength and durability to the glass, making it highly resistant to breakage and fragmentation upon impact. Laminated glass offers various benefits, including enhanced safety, security, noise reduction, and protection against UV radiation.
Market Drivers
The global market for laminated glass is being driven by several factors, such as the growing emphasis on safety and security in various industries, and the increasing awareness about its benefits. Laminated glass offers superior strength and resistance to impact, making it an ideal choice for applications where safety is paramount. It can protect against UV radiation, noise reduction, and enhance energy efficiency, further driving its demand.
The rise in construction activities, particularly in emerging economies, is also contributing to market growth as laminated glass finds extensive use in modern building designs.
Market Restraints
The growth of the global laminated glass market may be restrained by the complex manufacturing techniques and specialized equipment required for laminated glass production which can pose challenges for manufacturers, especially small-scale players.
Additionally, high production and installation costs associated with laminated glass compared to traditional glass options can limit its adoption in price-sensitive markets. The availability of alternative materials with similar properties, such as tempered glass or polycarbonate, may provide cost-effective options for certain applications, thereby restraining the growth of laminated glass.
Market Segmentation
The scope of the global laminated glass market covers segmentation based on interlayer, end-use, and region.
Based on the interlayer, the market is segmented into Polyvinyl Butyral (PVB), Ethylene-Vinyl Acetate (EVA), Ionoplast Polymer, and others. Further, the market is segmented into end-uses, such as automotive, electronics, construction, and others.
Regional Analysis
The global laminated glass market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America, followed by Europe, holds the dominant market share for laminated glass due to its well-established construction industries, stringent safety regulations, and increased adoption of laminated glass in automotive applications. These regions have a high demand for laminated glass products in various sectors, including construction, automotive, and infrastructure development.
However, the Asia-Pacific region is expected to witness significant expansion in the laminated glass market. Factors driving this growth include rapid urbanization, infrastructure development, increasing construction activities, and rising automotive production in countries such as China, India, and some Southeast Asian nations.
Key Players
Saint-Gobain, AGC Inc, Nippon Sheet Glass Co Ltd, Central Glass Co Ltd, Guardian Glass, Sisecam Group, Fuyao Glass Industry Group Co Ltd, Xinyi Glass Holdings Ltd, Taiwan Glass Ind Corp, GSC Glass Ltd, Schott AG, etc.
Market Taxonomy
By Interlayer
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