Global Laminated Glass Market is expected to grow owing to growing demand from end-use industries including construction and automobile throughout the forecast period.
According to TechSci Research report, “Laminated Glass Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Laminated Glass Market is expected to register robust growth during the forecast period. The market for laminated glass is being driven by factors such as increasing demand from the construction and automotive industries, growing popularity among constructors, and its expanding range of applications in both exterior and interior settings.
Ongoing research and development endeavors are driving technological advancements in the manufacturing of laminated glass. Emerging interlayer materials, coatings, and processing techniques are enhancing the performance and aesthetics of laminated glass, expanding its potential applications. Notably, advancements in acoustic laminated glass are effectively addressing concerns related to noise pollution, making it well-suited for urban environments and high-traffic areas. These remarkable developments are opening up new opportunities in various niche markets.
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Based on material type, the Polyvinyl Butyral segment is expected to dominate the market during the forecast period. The PVB segment holds significant importance and serves as a crucial component of the global laminated glass market. The market for PVB interlayer materials is projected to grow in parallel with the overall laminated glass market. The growth of the PVB segment is driven by various factors, including the increased adoption of laminated glass in diverse applications such as construction, automotive, and aerospace. The construction sector stands as the largest consumer of laminated glass with PVB interlayers. The utilization of laminated glass in building facades, windows, skylights, and balustrades has gained popularity due to safety regulations, energy efficiency requirements, and aesthetic considerations. PVB interlayers provide exceptional safety features to laminated glass, rendering it resistant to shattering, which is crucial in construction applications.
The automotive industry also represents a significant consumer of PVB interlayer materials. Safety regulations in many countries mandate the use of laminated glass, particularly in windshields. PVB interlayers are preferred for their ability to maintain the integrity of glass in the event of an accident. With the global automotive industry, especially in the Asia-Pacific region, experiencing growth, the demand for laminated glass with PVB interlayers is also increasing. PVB interlayers play a vital role in safety and security applications such as bullet-resistant glass, blast-resistant glass, and hurricane-resistant windows. These specialized applications require laminated glass with thicker PVB interlayers to provide superior protection. As concerns regarding safety and security continue to rise worldwide, the demand for laminated glass with enhanced PVB interlayers for such applications is expected to rise accordingly.
Based on end use, the Iron & Steel segment is projected to dominate the market throughout the forecast period. The iron and steel segment plays a pivotal role in the global laminated glass market, particularly in the production of steel frames and support structures for architectural applications. Iron and steel are vital materials that provide structural support and framing for the installation of laminated glass in various architectural elements such as windows, doors, facades, curtain walls, and skylights. These steel components ensure the stability, safety, and durability of laminated glass installations. The construction sector is the primary consumer of iron and steel components in the laminated glass market.
The growth of the construction industry worldwide, especially in urban areas and high-rise buildings, has driven the demand for laminated glass and the accompanying iron and steel structures. The use of laminated glass in construction is motivated by safety regulations, energy efficiency requirements, and architectural trends. In addition to their functional properties, iron and steel components can be customized to meet architectural and design preferences. Steel frames and support structures can be tailored to various design styles and aesthetics, enhancing the overall appearance of laminated glass installations. This customization capability aligns with the increasing demand for visually appealing and distinctive architectural designs.
Key market players in the Global Laminated Glass Market are:-
AGC Inc.
Asahi India Glass Limited
Cardinal Glass Industries, Inc
Central Glass Co., Ltd.
Fuyao Group
GSC GLASS LTD
Guardian Industries Holdings
Nippon Sheet Glass Co. Ltd.
Saint-Gobain
Stevenage Glass Company Ltd.
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“The Laminated Glass Market in Asia Pacific is poised to be the dominant force in the industry. Asia-Pacific countries, notably Japan and South Korea, are renowned for their cutting-edge glass manufacturing technologies. These technological advancements enable manufacturers to create premium laminated glass with diverse functionalities, including acoustic insulation, UV protection, and thermal efficiency. As consumer preferences become increasingly sophisticated, innovative laminated glass products are poised to experience heightened demand.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Laminated Glass Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material Type (Polyvinyl Butyral, Ethyl Vinyl Acetate, Ionoplast Polymer and Others), By Application (Automobile Windshields, Bank Security & ATM Booths, Jewellery Shops, Residential Buildings and Others), By End Use Industry (Building & Construction, Automotive, Solar Panels and Others), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Laminated Glass Marketand provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Laminated Glass Market.
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