What Does the Historical and Current Laminated Glass Market Size Trend Indicate?
The laminated glass market has seen considerable growth due to a variety of factors.
• The market size for laminated glass has experienced a robust growth in the past few years. The market is projected to increase from $23.41 billion in 2024 to $25.03 billion in 2025, registering a compound annual growth rate (CAGR) of 6.9%.
The sustained growth during the historic period can be credited to the escalating demand for high-value glass products, the surge in demand for light-weight glass to decrease the overall weight of vehicles, the expanding construction sector, rigorous auto and building safety laws, and the growing implementation of strategic maneuvers by leading players.
How Will the Laminated Glass Market Size Evolve over the Forecast Period?
The laminated glass market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for laminated glass is projected to witness significant expansion in the coming years, reaching $34.24 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.1%.
This surge during the projected period can be credited to enhancing research and development initiatives, manufacturers' focus on improving comfort, safety, and visibility in automotive glass, the integration of smart glass, increasing demand in developing markets, and advancements in urbanization and infrastructure. The forecast period is anticipated to see key trends like digital glass printing, energy-efficient glazing, the biophilic design approach, technological progressions, and the use of lightweight materials.
Which Factors Are Boosting Growth In The Laminated Glass Market?
The surge in the laminated glass market can be attributed to the increasing demand from the construction industry. The evolving trend of replacing traditional building materials such as cement, granite, and bricks with glass for building exteriors is triggering a rise in the demand for laminated glass in this sector. The utilization of laminated glass in buildings and residential homes is growing due to its qualities of durability, sound insulation, and impact resistance. For instance, Oxford Economics, a UK-based provider of economic information, predicted a surge in the value of construction work, escalating from $9.7 trillion in 2022 to an impressive $13.9 trillion by 2037. This forecast is fueled by the leading construction markets of China, the U.S., and India. Therefore, the expanding construction sector along with the growing demand for laminated glass will expedite the growth of the laminated glass market throughout the forecast period.
What Key Areas Define The Segmentation Of The Global 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 Are Emerging Trends Reshaping The Dynamics Of The Laminated Glass Market?
The laminated glass market is seeing a surge in popularity driven by technological advancements. Laminated glass manufacturers are adopting or acquiring cutting-edge technologies in order to create innovative features for use in industries like aerospace and automotive. To exemplify, OLMAR S.A., a Spain-based company specializing in the design and manufacturing of autoclaves, ovens, and steam generators, in May 2023, crafted an autoclave laminated glass - a vital product for both the automobile and construction sectors. It scores high on safety and durability, ensuring improved sound insulation, UV shielding, and thermal control while resisting impact damage, hence lowering the risk of injuries. Its versatility is noteworthy, finding applications in both the automotive and construction sectors combining design appeal, energy-conservation, and adherence to safety regulations. Thus, it contributes towards creating safer and more comfortable surroundings.
Who Are the Key Players 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 Is The Most Dominant Region In 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
