Status : Published | Published On : Mar, 2024 | Report Code : VRCH2079 | Industry : Chemicals & Materials | Available Format :
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Page : 200 |
Industry Overview
The global laminated glass market is expected to grow from USD 20.2 billion in 2023 to USD 28.4 billion in 2030at a CAGR of 6.1% during the forecast period ranging from 2025 to 2030.
Laminated glass refers to a specially designed glass with different layers. Between these layers are carefully placed sheetsmade of ethylene-vinyl acetate (EVA) or polyvinyl butyral (PVB). This not only reduces the chances of breaking into pieces easily but also protects the interior from the harmful UV rays of the sun. These glasses are extensively used in hurricane-prone areas to build walls that are resistant to hurricanes and are also able to endure shock, prevent intrusion, insulate sound, and reduce damage in automobile windshields as well as in other structures for protective reasons.
The growth of the global laminated glass market is growing because the demand for laminated glass is growing and is very high in regions prone to natural calamities and in buildings having risks of vandalisms. It is also attributed to the growth in the automotive glass market which will propel its demand over the forecast period. In addition, technological innovations such as the display and dimmable glass technology are expected to push the market players to further invest in the glass market of the automotive industry and thereby fuel the growth of the market.
The widespread use of laminated glass is somewhat restricted due to its high cost as the manufacturing process is capital intensive and in-depth requiring multiple layers of materials, thereby posing significant challenge to the market growth.Moreover, its adoption is also limited due to the easy availability of low-cost substitutes. However, opportunities for growth are offered by the major market players who are striving hard to find cost-effective solutions for reducing the consumption of energy and raw materials to reduce the manufacturing cost and impact on the environment.
Market Segmentation
Insight by Type or Interlayer
The global laminated glass market is divided by type or interlayerinto polyvinyl butyral (PVB), Sentryglas Plus (SGP), ethylene-vinyl acetate (EVA), and other segments. Out of these segments, the PVB will dominate the market during the forecast period due to widespread use to manufacture laminated glass due to its high adhesion, optical clarity, stability to sunlight, high tear-resistant, and impact absorbing features. This specific layer also helps to reduce sound and UV transmission and can endure burglary, gunfire, hurricanes, and explosions. Use of multiple PVB and glass interlayersalso makes a glass bulletproof and is extensively used in making windshields.
Insight by Industry Vertical
The global laminated glass market is divided by industry verticals into automotive, building & construction, electronics, and other segments. Out of them, the building and construction segment will contribute to the largest market share due to the growing demand and adoption in the residential and commercial sectors due to the growing demand for soundproofing, dustproofing, and UV protection. It is also attributed to its ability to retain shape even after breaking, making it idea for offices, showrooms, and other creative design structures. On the other hand, the automotive segment is also expected to grow at a significant rate due to the multiple advantages offered and the growing prevalence of sunroofs in vehicles and largerwindshields.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 20.2 Billion |
Revenue Forecast in 2030 |
U.S.D. 28.4 Billion |
Growth Rate |
6.1% |
Segments Covered in the Report |
By Type or Interlayer, By Vertical |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World |
Industry Dynamics
Industry Trends
The rapid technological innovation, application-specific developments, and the growing demand for laminated glass from different industry sectors such as healthcare, telecom, electronics, and aerospace are notable trends of the laminated glass market worldwide. In addition, the strict regulations imposed for automobile safety as well as the growing government initiatives in infrastructure projects are some prevailing trends in the market. There is an increased focus on sustainability by the manufacturers top reduce environmental impacts by using recycled content in glass panes and developing eco-friendly interlayer materials are also noteworthy trends.
Growth Drivers
The primary growth factor of the global laminated glass market is the growing adoption to replace bricks in the construction industry. It is also attributed to the rising demand for specialized applications. In addition, there is a significant rise in the demand for such glasses in emerging economies as well as the requirement for safety in sunroofs and windshields in vehicles to protect from hard hit and external pressure. The useful insulation and thermal properties of these glasses also increases the demand for them to be used in buildings, which promotes the growth of the laminated glass market. Moreover, the anti-shockproperties of laminated glass make it suitable for high-end products such as hurricane-resistant and bullet-resistant glass. In addition, the rising investments in the infrastructural developments in the Southeast Asian countries, the growing expenditure in other regions like Europe, and the presence of established players in the industry are expected to boost the market growth of the global laminated glass market over the forecast period.
Challenges
The high cost of manufacturing laminated glasses hinders large scale production and adoption, thereby preventing rapid market expansion. Add to that, the falling automotive industry hamper the growth of the laminated glass market as does the high amount of emission in the production process of these glasses.
Opportunities
Novel growth opportunities for the laminated glass market are however created by innovations in products with improved features and appearances, introduction of smart glasses, integration with smart technologies due to rise of smart buildings and homes, development of new interlayer technologies to improve the functionality, and growing demand for aesthetics.
Geographic Overview
North America and Europe dominates the global laminated glass market being the early adopters and well-established regions. In addition, the rapid development of the building and construction industryas well as the presence of a large number of several long-established automobile firmsare driving the laminated glass market in these regions.
On the other hand, the Asia-Pacific market is also expected to grow at a high CAGR during the forecast period due to growing demand for laminated glass in developing countries like China, India, and Japan. It is also attributed to the growth of the laminated glass industry, growing awareness and concerns over noise and UV protection, growing need to prevent intrusion or forced entry, the rapidly growing urban population, rising disposable income, need for better appeal, and existence of key industry players will fuel the growth of the laminated glass market in the region.
Competitive Insights
The industry players are changing their business models to the new normal by focusing on digitalization and using emerging technologies such as robotic automation and artificial intelligence. During the forecast period, top businesses in the laminated Glass Market will continue to adopt organic and inorganic strategies like mergers and acquisitions to acquire new technologies, improve portfolios, and leverage capabilities.
The Sisecam Group is a multinational industrial group that specializes in flat glass, glassware, glass packaging, and chemicals. It has made numerous innovations and driven development in the flat glass industry. It offers flat glass operations in 3 core business lines i.e., architectural glass (e.g. flat glass, patterned glass, laminated glass, and coated glass), energy glass, and home appliance glass. Sisecam currently operates in flat glass with 10 manufacturing facilities in six countries, delivering an ever-expanding range of products to the construction, furniture, energy, and home appliance industries.
AGC Inc. is one of the leading manufacturers of glass, chemicals, and high-tech materials. Its architectural glass has aesthetic, technical, and energy properties and is adopted in diverse applications like external glazing, interior decoration, industrial uses, etc. Furthermore, architects and interior designers worldwide will find a material that shapes their creative inspiration and tames light, ensuring comfort for building occupants and actively conserving the environment, owing to the diversity of the ranges offered by AGC Inc. Their product portfolio includes insulating glass, laminated glass, wired glass, toughened glass, sound insulation glass, decorative glass, and others.
Some of the major players in the laminated glass market include Saint-Gobain S.A., AGC Inc., Nippon Sheet Glass Co., Ltd, Central Glass Co., Ltd., glassonweb.com (Sisecam Group), Taiwan Glass Industry Corporation, GUARDIAN INDUSTRIES, Xinyi Glass Holdings Limited, Schott AG, and fuyaogroup.com (Fuyao Glass Industry Group).
Recent Developments by Key Players
Sisecam has finalized its partnership agreement with ICRON, a Turkish technology company that provides decision optimization services at operational and strategic levels.
Ryze Hydrogen has signed a long-term deal with Guardian Glass to provide hydrogen to flat glass manufacturer. Ryze will supply hydrogen to be used in the manufacture of float glass, which is used in everything from car windscreens and windows in buildings to mirrors and furniture.
The Global Laminated Glass Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Region Covered in the Report
• North America
- U.S.
- Canada
- Mexico
• Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
• Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
• Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
Laminated Glass Market