Laminated Glass Market Size, Share Report, Analysis, Trends, Growth 2030

Industry Prospective:

The global Laminated Glass market was worth around USD 20,692.10 million in 2021 and is estimated to grow to about USD 29,021.41 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.80 percent over the forecast period. The report analyzes the Laminated Glass market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Laminated Glass market.

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Laminated Glass Market: Overview

Laminated Glass is a glass that is held together by a polymer and does not shatter even if damaged and this makes it a highly safe option to regular glass which shatters and the shattered shards are dangerous and can even prove to be the cause of major fatal wounds. Increasing focus on safety in the construction industry has bolstered the demand for laminated glass, and this trend will be prevalent over the forecast period.

Increasing demand from construction and automotive industries, rising popularity among constructors, increasing scope of use on exterior and interior applications are some factors that propel laminated glass market growth through 2028.

However, high costs of laminated glass are expected to be a major barrier to laminated glass market growth and this is expected to especially restrain market potential in emerging economies with less spending potential.

COVID-19 Impact:

The COVID-19 pandemic restricted industrial activity on a global scale and had a negative impact on multiple markets and led to a downfall of the laminated glass market as well. Lapses in production and manufacturing led to a shortage of laminated glass which is expected to last till mid-2022 and this trend is expected to diminish as the market returns to normal.  

Demand and supply chain lapses, unavailability of raw materials, closure of multiple sales and distribution channels along with hampered production activity are some major restraints that negatively impacted Laminated Glass market growth through the year 2020.

As industrial activity resumes, the laminated glass market is expected to pick up the pace and a surge in demand is anticipated to promote laminated glass manufacturers to push their production capabilities to meet the high demand and fulfill the shortfalls in supply. Restricted logistic activity will also be back to normal hence bolstering the complete chain of supply and demand in the post-pandemic era and driving the laminated glass market growth.

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Laminated Glass Market: Growth Drivers

Increasing use in construction and building applications to Boost Growth

Demand for infrastructure development is paramount in recent times, and this trend is only expected to grow over the forecast period. Glass has become a crucial element in the construction industry, and this is projected to drive the sales of laminated glass through 2028. Extensive use of glass in interior, as well as exterior construction and building applications alike, is also expected to boost laminated glass market potential over the forecast period. Added safety aspects into modern designs with laminated glass is also expected to help laminated glass market growth through 2028

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Laminated Glass Market: Restraints

High Initial Investment to Restrain Laminated glass Market Growth

Laminated glass is expensive as compared to normal glass and this is a major factor that could constrain the growth of the market over the forecast. The high-cost factor is especially concerning for the economies with lower spending potential where companies and individuals alike cannot afford to invest in this high-quality glass. The aspect of inseparability with glass will also come into play and restrain adoption to a certain and extent and this will further drag down laminated glass market growth through the forecast period.

Global Laminated Glass Market: Segmentation

The global Laminated Glass market is segregated based on inter layer, end use, and region.

By end use, the market is divided into construction and automobile. The construction segment accounts for the majority of laminated glass sales and is projected to remain the most lucrative segment through the forecast period. The increasing adoption of laminated glass in the automotive sector will also aid the laminated glass market growth through 2028. Rising construction activity across the globe will also play a crucial role in driving the demand for laminated glass.  

Recent Developments

• In June 2019 – Asahi Glass Co. Ltd. a leading name in manufacturing industry announced a partnership with the Tokyo Institute of Technology to increase research scope in the fields of glass, ceramics, and other materials

Regional Landscape

The Asia Pacific will emerge as a highly rewarding market for laminated glass manufacturers owing to rising construction activity in this region, which is majorly driven on the back of increasing demand for infrastructure development. Emerging economies of China and India are anticipated to be major markets in this region, owing to rapid industrialization and urbanization that is propelling construction activity. The rising use of laminated glass in residential and commercial construction applications will also fuel laminated glass market potential in this region. Apart from this, supportive government initiatives in infrastructure development will also aid laminated glass market growth over the forecast period.

North American laminated glass market will see high demand for laminated glass from rising residential construction activity and high spending potential in this region will favor laminated glass market growth in the long run.

Global Laminated Glass Market: Report Scope:

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Competitive Landscape

Some of the main competitors dominating the global Laminated Glass market include - Saint-Gobain S.A. (France), AGC Inc., (Japan), Nippon Sheet Glass Co. Ltd. (Japan), Central Glass Co. Ltd. (Japan), Sisecam Group (Turkey), Taiwan Glass Industry Corporation (Taiwan), Guardian Industries Corporation (US), Xinyi Glass Holdings Ltd. (China), CGS Holdings Co. Ltd. (China, Fuyao Glass Industry Group Co. Ltd. (China) and Schott AG (Germany).

Global Laminated Glass market is segmented as follows:

By Interlayer

• Polyviny Butyral
• Ionoplast Polymer
• Others

By End-use

• Construction
• Automobile

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa