The global Laminated Glass market was worth approximately USD 20,692.10 million in 2021 and is expected to grow to approximately USD 29,021.41 million by 2028, at a compound annual growth rate (CAGR) of approximately 5.80% during the forecast period.
The global laminated glass market is gaining traction due to the widespread use of these products in a variety of industries such as automotive construction, electronics, and so on, because it provides enhanced protection from external conditions.
In automobile windscreens, laminated glass is used to provide the best possible protection in the event of an accident. Einsteineruploading to meet up with.
Laminated Glass Market: Overview
Laminated glass, a type of glass held together by a polymer and which does not shatter even when broken, is a far safer option than conventional glass, which shatters and the flying fragments are hazardous, if not lethal. The increased emphasis on safety in the construction industry has increased demand for laminated glass, and this trend is expected to continue throughout the forecast period.
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Some of the factors driving laminated glass market growth through 2028 include rising demand from the construction and automotive industries, rising popularity among builders, and an expanding range of applications for exterior and interior applications. However, the high costs of laminated glass are expected to be a major barrier to laminated glass market growth, particularly in emerging economies with lower spending potential.
Laminated Glass Market: Growth Drivers
Increasing its use in construction and building applications to spur growth
Infrastructure development has become increasingly important in recent years, and this trend is expected to continue. Glass has become an essential component of the construction industry, with laminated glass sales expected to rise through 2028. The widespread use of glass in interior and exterior construction and building applications is also expected to boost laminated glass market potential over the forecast period. The incorporation of safety features into modern laminated glass designs is also expected to drive the laminated glass market through 2028.
Global Laminated Glass Market: Segmentation
The global Laminated Glass market is classified into three sections: interlayer, end use, and region.
In the market, there are two end uses: construction and automobile. The construction industry accounts for the vast majority of laminated glass sales and is expected to be the most profitable for the duration of the forecast period. The increasing use of laminated glass in the automotive industry will also contribute to the market’s growth through 2028. Rising global construction activity will also contribute to an increase in demand for laminated glass.
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
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