The SNS Insider report indicates that the Laminated Glass Market Size was valued at USD 22.59 billion in 2022, and is expected to reach USD 36.84 billion by 2030 and grow at a CAGR of 6.3% over the forecast period 2023-2030. is primarily driven by the ever-increasing emphasis on safety regulations within the construction industry. Laminated glass offers superior security and protection compared to traditional glass, making it a compelling choice for architects, builders, and property owners alike. The Laminated Glass market is experiencing significant growth driven by its multifaceted benefits and increasing adoption across diverse industries. Laminated glass, composed of two or more layers of glass bonded together with an interlayer of polyvinyl butyral (PVB) or ethylene-vinyl acetate (EVA), offers enhanced safety, security, and durability compared to traditional glass. This construction allows laminated glass to withstand impacts, resist penetration, and maintain structural integrity even when shattered, making it an ideal choice for applications requiring heightened safety and protection. From automotive windshields and architectural facades to hurricane-resistant windows and bulletproof barriers, laminated glass finds extensive use in various sectors where safety, security, and performance are paramount.
Moreover, the Laminated Glass market is driven by evolving regulatory standards, stringent building codes, and growing awareness of the benefits of laminated glass in mitigating risks and enhancing occupant safety. Government regulations and industry standards mandate the use of laminated glass in certain applications, such as building envelopes, transportation, and high-traffic areas, to reduce the risk of injury from glass breakage and improve resilience against natural disasters, vandalism, and forced entry. Additionally, advancements in glass manufacturing technologies, such as heat strengthening, chemical toughening, and ion exchange, enable the production of high-quality laminated glass with customizable properties, including thickness, clarity, and performance characteristics, to meet specific project requirements and design aesthetics.
Get Sample Report of Laminated Glass Market@ https://www.snsinsider.com/sample-request/2001
Some of the Key Players Included are:
l Hitachi Chemical Co.
l Magna International Inc.
l SAINT-GOBAIN
l Webasto Group
l Asahi India Glass Limited
l GENTEX CORPORATION
l Xinyi Glass
l Fuyao Glass America
l Motherson Group
l Corning Incorporated
Laminated Glass Scope:
Laminated glass is created by bonding two or more glass layers with a polyvinyl butyral (PVB) interlayer. This interlayer holds the glass fragments in place even if it break, significantly reducing the risk of injury and property damage. Laminated glass offers a multitude of benefits beyond safety, including improved sound insulation, superior heat resistance, and enhanced UV protection.
Market Growth Factors:
The laminated glass market thrives on a combination of factors beyond safety regulations. Laminated glass offers superior resistance to impact, making it ideal for applications like hurricane-proof windows and architectural facades. The laminated glass allows for the incorporation of colored or patterned interlayers, enabling architects to achieve unique design elements. Laminated glass finds application in a wide range of sectors, including construction (windows, doors, skylights), automotive (windshields, sunroofs), and security (bulletproof glass). The rapid pace of urbanization, particularly in developing economies, is fuelling demand for high-rise buildings and modern infrastructure projects, all of which require safe and durable building materials like laminated glass.
Segment Analysis:
The laminated glass market can be segmented by the interlayer material used. Polyvinyl Butyral (PVB) is the dominant player, accounting for a significant revenue share. PVB offers exceptional optical clarity, strong mechanical strength, good UV protection, and sound insulation properties – making it perfect for various building and construction applications. Ethylene-vinyl acetate (EVA) is another option, offering advantages like adhesion to non-polar materials and cost-effectiveness. However, its opacity and lower mechanical strength limit its use compared to PVB.
By Application
l Front windshield
l Rear windshield
l Sidelites
l Sunroof
BY Vehicle type
l Passenger cars
l Commercial vehicles
By Sales channel
l OEM
l Aftermarket
Make an Enquiry About the Laminated Glass Market @ https://www.snsinsider.com/enquiry/2001
The Impact of the Russia-Ukraine War:
The ongoing conflict between Russia and Ukraine casts a shadow over the global economy, with the laminated glass market not immune to its impact. Disruptions in supply chains, particularly those reliant on raw materials sourced from the region, are a major concern. Furthermore, rising energy prices and potential shortages could disrupt manufacturing processes and inflate production costs. The war's impact will likely be felt most acutely in Europe, where the reliance on Russian energy supplies is higher. However, the long-term consequences for the global market remain to be seen, with the situation evolving rapidly.
Economic Slowdown:
While the laminated glass market exhibits promising growth prospects, an economic slowdown could pose a challenge. Reduced consumer spending and business investment can dampen demand for laminated glass in various sectors, impacting the market's overall growth. One key example could be a slowdown in the construction industry, a significant consumer of laminated glass. Such a scenario would have a ripple effect through the supply chain, impacting manufacturers of both laminated glass and the raw materials used in its production.
Regional Analysis:
The Asia-Pacific region reigns supreme in the laminated glass market, holding the largest revenue share globally. This dominance can be attributed to the region's booming construction industry and the increasing demand for laminated glass in the automobile sector. China and India, in particular, are experiencing rapid urbanization and industrialization, further fuelling the demand for laminated glass. Government spending on infrastructure projects also contributes to the region's growing laminated glass market.
North America is another significant player in the global laminated glass market, expected to exhibit substantial growth in the coming years. The increasing utilization of laminated glass in construction and automotive industries, coupled with stringent government safety regulations for building development and car safety, propels the market forward. The United States and Canada are key contributors to the North American laminated glass market's growth.
Key Takeaways:
- The laminated glass market is poised for significant growth driven by the increasing emphasis on safety regulations in the construction industry.
Recent Developments:
February 2023: A collaboration has been announced between Saint Gobain and AGC on the development of a pilot breakthrough flat glass line to significantly reduce direct CO2 emissions. In the framework of this research and development project, AGC's patterned glass production line in Barevka, Czech Republic, will be completely transformed into a high performing, cutting edge production line, which will be 50% electrified and 50% fuelled by a combination of oxygen and gas.
January 2023: AGC Inc. commenced a trial of cloud-based data linking of glass types and quantities between supply chains utilizing "R7," a unique glass quoting system developed by AGC Group company AGC Amenitech Co., Ltd. Full-scale operations are expected to begin in the first half of 2023. AGC will promote the transformation of working styles in the architectural glass sector by means of its DX activities throughout the supply chain.
Related Reports:
Lubricating Oil Additives Market Trends
Flavors & Fragrances Market Trends
Aerospace Materials Market Trends
Electric Vehicle Adhesives Market Share
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.