06-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Laminated Glass Market By Type of Interlayers (Polyvinyl Butyral, Ionoplast Polymer, & Others), By End-User(Building & Construction & Automotive), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”. According to the report, the global Laminated Glass market is predicted to be valued at approximately USD 16.70 Billion in 2020 and is expected to reach a value of around USD 26.54 Billion by 2026, at a CAGR of around 7.9% between 2021 and 2026.
Laminated glass is a kind of safety glass that can be held together even if it is shattered during its breaking. The product is held in place by an interlayer made up of Ethyl Vinyl Acetate and Polyvinyl Butyral amid two or more than two glass layers. Moreover, the interlayer maintains the bonding of the layers even after it is broken. The high bonding strength of the laminated glass helps it from breaking into big pieces producing the spider web pattern. Moreover, skylight glazing & vehicle windshields often make use of laminated glass.
Browse the full “Laminated Glass Market By Type of Interlayers (Polyvinyl Butyral, Ionoplast Polymer, & Others), By End-User(Building & Construction & Automotive), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” Report at https://www.fnfresearch.com/laminated-glass-market-by-interlayer-type-poly-vinyl-144
Rise in the proportion of construction activities to drive the market trends
The growth of the laminated glass industry during the forecast timeline is owing to an increase in the number of construction activities across the globe. In addition to this, a rise in the population, as well as rapid urbanization, has resulted in the need for more construction of buildings, thereby paving way for the expansion of the laminated glass industry over the forecast period.
Furthermore, the rise in the middle-class population resulting in massive demand for households will boost the expansion of the laminated glass industry over the forecast timeline. Nonetheless, huge raw material costs will impede the progress of the laminated glass industry over the period from 2019 to 2027. However, the escalating demand for vehicles across the globe and the growing use of laminated glass in the emerging economies will offer new growth avenues for the market over the forecast timespan.
Building & construction segment to dominate the vertical landscape in terms of revenue
The segmental growth during the forecast period is credited to a bulge in the demand for households at reasonable costs along with the massive application of laminated glass in the building & construction.
Windows, doors & skylights to lead the applications segment by 2027
The growth of the windows, doors & skylights segment during the forecast timeframe is due to large-scale usage of laminated glass in entrance doors, aquarium, glass floors, and display cases. Moreover, windows & doors made from laminated glass are considered as secured and this is likely result in the massive demand for laminated glass for producing windows, doors & skylights, thereby leading to segmental surge.
North America to account for the major market revenue earnings over the forecast timeframe
The growth of the market in the North America region during the period from 2019 to 2027 is credited to the huge allocation of funds for aerospace & vehicle sectors in the U.S.
Top Market Players
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.
This report segments the Laminated Glass market as follows:
Global Laminated Glass Market: By Type of Interlayers Segment Analysis
- Polyvinyl Butyral
- Ionoplast Polymer
Global Laminated Glass Market: By End-User Segment Analysis
- Building & Construction
- Passenger Cars
- Light Commercial Vehicles
- Heavy Trucks
- Buses & Coaches
Laminated Glass Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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