The global laminated glass market size is expected to grow from $18.83 billion in 2021 to $20.55 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The global laminated glass market size is expected to grow to $27.35 billion in 2026 at a CAGR of 7.4%.
What is the Global Laminated Glass Market?
The laminated glass market consists of sales of laminated glass by entities (organizations, partnerships, and sole proprietors) that are manufactured by adhering two or more layers of glass together with a flexible interlayer. Laminated glass is obtained by combining two or more sheets of float/tempered glass with one or more interlayers and is processed by autoclaving at 1400°C and pressure up to 14 bars. Polyvinyl butyral (PVB) is the most common interlayer used in laminated glass and makes it stronger, tensile safe for further use in various industries such as construction and building, automotive, electronics, and solar panels.
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What drives the Global Laminated Glass Market?
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 market during the forecast period.
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Global Laminated Glass Market Segments
The global laminated glass market is segmented:
By Type: Polyvinyl Butyral (PVB), Sentryglas Plus (SGP), Ethylene-Vinyl Acetate (EVA), Others
By Interlayer: Polyvinyl Butyral, Ionoplast Polymer, Others
By Application: Building and Construction, Automotive, Electronics, Solar Panels, Others
By Geography: The regions covered in the laminated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Laminated Glass Global Market Report 2022provides market size and growth forecasts for the global laminated glass market, global laminated glass market share, laminated glass market segments and geographies, laminated glass market competitive landscape including leading competitors’ revenues, profiles and market shares. The laminated glass market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Laminated Glass Industry Playersinclude Saint-Gobain S.A., Fuyao Glass Industry Group Co. Ltd., Asahi India Glass Ltd., Guardian Industries, Taiwan Glass Group, Xinyi Glass Holdings Limited, Nippon Sheet Glass Co. Ltd, Sisecam Group, CSG Holding Co. Ltd., Cardinal Glass Industries Inc, Central Glass Co. Ltd., Schott AG, Flair International, Euroverre Inc, and Gentex Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
