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[197+ Pages Report] Current study titled “Laminated Glass Market” encompasses the spectacle of the market in an analytical and comprehensive manner. We at Facts & Factors estimate that the global Laminated Glass Market will be valued at USD 26.54 Billion in the year 2026 from an initial value of USD 16.70 Billion in the year 2020 at a CAGR value of 7.9%.
Laminated glass is a type of safety glass that has the ability to hold its structure together even after it is being heavily impacted. In the event of breaking, the laminated glass has the ability to hold its structure together in its place by an interlayer mechanism of the filler material of polyvinyl butyral (PVB), ethylene-vinlyacetate (EVA), or thermoplastic polyurethane between its two or more layers of glass. This interlayer keeps the glass together even in the event of a breaking event.
The global laminated glass market is expected to grow at a significant growth rate due to factors attributing to the rising automobile demand coupled with increasing demands from commercial and residential projects to name a few. Additionally, the global laminated glass market is expected to be driven by an ongoing trend of replacing bricks in the construction sector coupled with increasing demands in the form of rising safety and strong adhesive material to name a few. Moreover, increasing consumer awareness about the usage of laminated glass increasing the thermal and isolation properties of the standing structure is expected to increase the footprint of the global laminated glass market during the forecast period.
Increasing demand from the healthcare sector coupled with the rising demand from the telecom industry is expected to open new revenue opportunities for the global laminated glass market during the forecast period. Factors pertaining to increased safety and security measures, energy savings, rising durability solutions, and soundproof abilities is expected to further boost the global laminated glass market during the forecast period. However, the rising production cost of laminated glass when compared to its counterpart is expected to hinder the growth of the global laminated glass market during the forecast period.
The global laminated glass market can be segmented into types of interlayers, end-user, and regions.
The global laminated glass market is divided into polyvinyl butyral, tonoplast polymer, and others on the basis of types of interlayers. The polyvinyl butyral interlayer segment exhibits the highest market share owing to increased functionality in terms of strong adhesive properties, strong binding power, and excellent transparency due to polyvinyl butyral to name a few. On the other hand, the segment pertaining to ionoplast polymer is expected to witness the fastest growing CAGR during the forecast period owing to the rising demand from the building & construction sectors for increased strength, safety, and durability measures to name a few. Based on the end-user, the global laminated glass market is segmented into building & construction, and automotive. The building & construction category is expected to witness the largest market share during the advent of the forecast owing to growing projects in the latter sector in rural areas coupled with increasing investments by governments of various countries in terms of airports, and public transit systems to name a few.
|Market Size in 2020||USD 16.70 Billion|
|Projected Market Size in 2026||USD 26.54 Billion|
|CAGR Growth Rate||7.9% CAGR|
|Key Market Players||AGC, Nippon Sheet Glass, Central Glass, Saint-Gobain, GUARDIAN GLASS LLC, Fuyao Glass Industry Group, and Others|
|Key Segments||Type of Interlayers, End-Users, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
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Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to rising population of the general public which leads to a surge of living place coupled with increasing urbanization measures to name a few. Additionally, increasing disposable income of consumers in emerging economies such as China and India coupled with favorable government policies is expected to increase the footprint of the laminated glass market during the advent of the forecast period. Moreover, the rising number of key players in the region coupled with the rising construction sector is expected to boost the growth of the laminated glass market during the forecast period. An increasing number of automotive companies in the region is further expected to increase the consumer base for the laminated glass market during the forecast period.
The key market participants for the global laminated glass market are AGC, Nippon Sheet Glass, Central Glass, Saint-Gobain, GUARDIAN GLASS LLC, Fuyao Glass Industry Group, Asahi India Glass Limited, Sisecam Group, Taiwan Glass Ind. Group, Xinyi Glass Holdings Co. Ltd, Motherson Group, Webasto Group, GENTEX Corporation, and Hitachi Chemical Co., among others.
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