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Laminated Glass Market Potential and Niche Segments, Geographical regions and Trends to 2028

(, September 23, 2021 )

Market Overview

Laminated glass is composed of two plies of glass, bonded together with interlayers to form a permanent bond. The interlayers work to support and hold the glass to create a robust and uniformed layer even when broken. Moreover, the laminated glass comes in varying thicknesses and can be created using different glass combinations or coatings to provide different qualities, such as low emissions or increased insulation. In addition, laminated glass is a fantastic alternative to ordinary glass, offering a rigid, robust structure that is hard to break and suitable for use in many ways.

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Market Dynamics

The increasing inclination of consumers towards advanced glass product is triggering the demand for laminated glass in recent times. Growing demand for light commercial vehicles creates a strong opportunity for the laminated glass market growth.

Increasing demand of laminated glass from various end-user is expected to drive the market growth

Growing awareness concerning the advantages of glasses and their usage in construction & building and benefits such as security, safety and energy savings will drive the laminated glass market during the forecast period. Moreover, the increasing need for advanced glass products for specialized applications, strong market demand from emerging regions, and surge in demand for laminated glass from end-use markets such as telecom, healthcare, electronics and aerospace, among others, are increasing the demand in the global laminated glass market.

The demand from the construction industry for flat and laminated glasses is growing exponentially. In addition, the increasing trend of replacing the brick, cement and granite building exteriors global, coupled with continuing growth in automotive sales in the different regions, is boosting demand for laminated glass globally and facilitating laminated glass market growth. In addition, the product innovations and differentiation regarding improved features & appearances and the introduction of Low-E and smart glasses are anticipated to boost the demand for the laminated glass market globally.

In the automotive industry, the growing demand for larger-sized windshields and the rising popularity of sunroofs in many vehicles have alluded as reasons for the rising demand for laminated glasses. According to industry analysis, the construction industry has grown to a spending value of close to USD 12 trillion before the coronavirus pandemic and is expected to grow by 3% per annum during the forecast period.

Growing demand for light commercial vehicle, buses, heavy trucks and other vehicles is expected to boost the market growth

The investments in infrastructure projects in the Middle East and Africa, and Asia-Pacific are likely to present growth opportunities for the laminated glass industry. Growing demand for light commercial vehicles, buses, heavy trucks, and other vehicles and tighter safety regulations for automobiles would fuel various opportunities to drive the laminated glass market forward during the forecast period.

High cost and time-consuming production process is expected to hinder the market growth

However, the demand for laminated glass is high, but due to low-cost alternatives, use is reduced. Laminated glass's high cost is due to its capital-intensive and time-consuming production process, which involves several layers of materials, unlike other glass types. As a result, the global laminated glass industry is hindered by the availability of alternatives such as tempered glass. Despite being a stable and reliable source of safety and protection, laminated glass faces some costs, such as manufacturing and energy costs, due to the multiple layers of materials involved in the manufacturing process, which is likely to restrict the global laminated glass market's growth.

Segment Analysis

By Type

• Polyvinyl Butyral (PVB)

• Sentryglas Plus (SGP)

• Ethylene Vinyl Acetate (EVA)

• Ionoplast Polymers

By Application

• Buildings

• Windows

• Display Cabinets

• Aquariums or Animal Enclosures

• Glass Floors

By End-User

• Telecom

• Aerospace

• Automotive

• Healthcare

• Building & Construction

• Electronics

• Others

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Geographical Analysis

Based on the geography, the laminated glass market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for laminated glass in the North American market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S.

Asia-Pacific dominates the laminated glass market during the forecast period

The Asia-Pacific is anticipated to continue to be at the lead in the laminated glass market due to ever-growing demand from developing countries in the region. The exponential growth of the construction sector due to massive infrastructural development and rapid urbanization in developing countries of the region indirectly boost the laminated glass market in the region. Moreover, the increasing investments in the infrastructural developments in the Southeast Asian countries are expected to drive the market growth in the Asia-Pacific during the forecast period. Japan and China are investing in Southeast Asia, and their projects are valued at US$ 254.8 billion and USD 366.95 billion, respectively. Also, numerous automobile companies are expected to boost investments and raise the demand for laminated glass in the Asia-Pacific.

The growing expenditure in other regions like Europe and North America is further expected to increase laminated glass demand. The surge in demand for laminated glass in these regions is driving manufacturers to expand their production capacities. In May 2019, Guardian Glass inaugurated its latest laminated glass production line at its plant in Hungary for providing to its customers in Europe. The group has a monthly production capacity of 150 truckloads of laminated glass, mainly Balkan countries, Romania, and Hungary.

Competitive Landscape

The laminated glass market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Guardian Industries, AGC Inc., Central Glass Co. Ltd., Fuyao Glass Industry Group Co., Ltd, Saint-Gobain India Pvt. Ltd., Şişecam Group, Taiwan Glass Ind. CorpΈ Xinyi Glass Holdings Co., Ltd., CSG Holdings Co., Ltd., Nippon Sheet Glass Co. Ltd. are the major player in the chemical market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the laminated glass market globally.

Related Topic's

Laminated Tubes Market, Insulated Glass Adhesives & Sealants Market, Litho Laminated Packaging Market, Cross Laminated Timber Market, Laminating Adhesives Market

DataM Intelligence

Sai Kiran

+1 877 441 4866

Source: EmailWire.Com

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