PUBLISHER: The Business Research Company | PRODUCT CODE: 1392745
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392745
“Laminated Glass Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on laminated glass market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for laminated glass? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The laminated glass market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Laminated glass is a form of safety glass achieved by combining two or more sheets of float or tempered glass with one or more interlayers, processed through autoclaving at 1400 °C and pressures reaching up to 14 bars. The most prevalent interlayer in laminated glass is polyvinyl butyral (PVB), imparting strength and tensile safety, making it suitable for diverse industries like construction and building, automotive, electronics, and solar panels.
The primary types of laminated glass include polyvinyl butyral (PVB), sentryglas plus (SGP), ethylene-vinyl acetate (EVA), and others. Polyvinyl butyral (PVB) is a commonly used resin in applications that demand binding, optical clarity, adhesion to glass surfaces, toughness, and flexibility. Predominantly employed as an interlayer in laminated safety glass for architectural and automotive applications, PVB enhances the strength of the glass. Various interlayers, such as polyvinyl butyral, ionoplast polymer, and others, find applications in building and construction, automotive, electronics, solar panels, and various other industries.
The laminated glass market research report is one of a series of new reports from The Business Research Company that provides laminated glass market statistics, including laminated glass industry global market size, regional shares, competitors with a laminated glass market share, detailed laminated glass market segments, market trends and opportunities, and any further data you may need to thrive in the laminated glass industry. This laminated glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The laminated glass market size has grown strongly in recent years. It will grow from $22. 1 billion in 2023 to $23. 74 billion in 2024 at a compound annual growth rate (CAGR) of 7. 4%. The growth observed during the historic period can be ascribed to an increasing demand for value-added glass products, a heightened need for lightweight glass to decrease overall vehicle weight, the expansion of the construction industry, strict safety regulations in the automotive and building sectors, and the escalating adoption of strategies by key industry players.
The laminated glass market size is expected to see strong growth in the next few years. It will grow to $31. 61 billion in 2028 at a compound annual growth rate (CAGR) of 7. 4%. The anticipated growth in the forecast period can be attributed to the increasing focus on research and development activities, manufacturers investing in the development of automotive glass for improved comfort, safety, and visibility, the integration of smart glass, a rising demand in emerging markets, and the ongoing trends of urbanization and infrastructure development. Key trends expected in the forecast period encompass digital printing on glass, the adoption of energy-efficient glazing, the incorporation of biophilic design, technological advancements, and the use of lightweight materials.
The laminated glass market is poised for growth, driven by the high demand for laminated glass in the construction sector. The construction industry is witnessing a shift toward using laminated glass, especially in replacing traditional building materials like cement, brick, and granite with glass exteriors. This trend is contributing to an increased demand for laminated glass in both commercial edifices and residential homes. Laminated glass is preferred for its attributes such as strength, sound reduction, and impact resistance. With the global construction market expected to reach $15. 2 trillion by 2030, as projected by the Future of Construction forecast from Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter, the laminated glass market is set to benefit significantly from this growth in the construction sector during the forecast period.
The laminated glass market is anticipated to experience growth propelled by the expanding automotive industry. In the automotive sector, the demand for laminated glass for windshields is on the rise due to stringent safety regulations. Laminated glass offers safety advantages, including reduced risk of shattering upon impact, which aligns with regulatory requirements in many countries. With the automotive industry witnessing growth, as estimated by Cox Automotive, a provider of automotive services and technology, predicting a 11. 6% annual increase in car sales volume to 7. 65 million units in the first half of 2023, the demand for laminated glass in this sector is expected to escalate. This growth in the automotive industry is a significant driver for the laminated glass market.
Technological advancement is a prominent trend shaping the laminated glass market. Companies involved in laminated glass manufacturing are actively introducing or acquiring new technologies to enhance features for applications in sectors like aerospace and automotive. An example is Gentex Corporation, a provider of high-tech electronic products, which acquired a novel laminating technology designed for producing long-lasting, lightweight, ultra-thin glass for various applications, including aircraft cabin partitions and mirrors. This technology, acquired from the Belgian startup Air-Craftglass, has resulted in a lightweight, chemically strengthened, thin-glass laminate with superior properties such as noise reduction, durability, UV resistance, antibacterial performance, and flame/smoke resistance.
Major companies in the laminated glass market are focusing on innovation, introducing products like ultra-lightweight laminated glass to expand their customer base and increase revenue. Ultra-lightweight laminated glass, as exemplified by PGT Innovations' Diamond Glass, offers exceptional lightweight properties, being up to 45 percent lighter and providing three times the scratch resistance compared to traditional laminated glass. This innovation caters to a broader market and contributes to the overall growth of the laminated glass market.
In May 2022, M3 Glass Technologies, a glass manufacturing company, acquired Thermotec Glass, a laminated glass manufacturer. This strategic move aims to offer customers a comprehensive solution for both interior and exterior glass needs, showcasing the industry's commitment to providing a wide range of glass products. This acquisition is part of M3 Glass Technologies' plan to build an advanced commercial insulated glass line at their Georgetown facility.
Major companies operating in the in the laminated glass market report are 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.
Asia-Pacific was the largest region in the laminated glass market in 2023. 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
The countries covered in the laminated glass market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The laminated glass market consists of sales of thermoset EVA, thermoplastic polyurethane, and polyvinyl chloride. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.