Laminated Glass Market Projected to Reach $27.8 Billion by 2026
The global laminated glass market size is expected to grow from USD 20.8 billion in 2021 to USD 27.8 billion by 2026, at a CAGR of 6.0% during the forecast period. Laminated glass is majorly used in the construction industry. The increasing adoption of glass from the construction industry especially from corporate offices, schools and other public buildings is driving the market. Due to the outbreak of COVID-19, the construction industry was heavily affected and saw a great fall but is eying an upward turn with the passing of 2021. The construction industry is recovering with relaxation in lockdowns and production halts. The global construction market is projected to grow at a rate of 6.02% from 2020 to 2024. In APAC, it is expected that 120 million square feet of office space will be built each year till 2024. This will entail huge demand for laminated glass in the region
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142187288
Laminated glass majorly use polyvinyl butyral, ionoplast polymer and a few other interlayers to hold together the two panes of glass together. The interlayer provides additional strength to the glass. Polyvinyl butyral is the most commonly used interlayer due to its capability to be used in both construction and automobile industry. Ionoplast polymer is amongst the strongest interlayers available in the market. It is majorly used as security glass in commercial establishments and as front window in shops and homes. It is very effective in preventing forced entry and does not break under continued load.
These glass have the ability to keep their shape even after breaking. This ability has increased the usage of these glass in regions that are prone to natural disasters like hurricane, cyclone or earthquake. Laminated glass is also used as security glass as it is very difficult to penetrate and in multiple layers it is even able to stop a bullet. Laminated glass is also gaining wide acceptance in multiple applications in interiors of home for stairs, canopy, partitions, garden window and others.
Laminated glass is also used in the automobile industry majorly to make windshields. As the regulations regarding the safety of the passengers is increasing, the laminated glass has become the primary choice amongst the vehicle manufacturers. Laminated glass prevents any debris from breaking into the cabin and also in case of accidents it does not shatter preventing any injury from broken glass pieces.
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) are some of the major players in the energy efficient windows landscape. The companies are involved in mergers and acquisitions along with new product development and capacity expansions to make their dominance in the laminated glass market.
Saint-Gobain S.A. offers a broad product portfolio in laminated glass, available in various glass combinations, interlayers, and thicknesses. The laminated glass units manufactured by the company are employed in applications requiring benefits such as sound control, impact, bullet, hurricane, and blast resistance. Saint-Gobain S.A. manages its business through five reporting units, out of which four units are regional businesses, and one is the global high-performance solutions (HPS) unit.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=142187288
AGC Inc. offers functional glass, which includes glass used for energy conservation, noise reduction, crime prevention, insulation, and disaster prevention. The company aims at providing value to its customers by utilizing its technology and expertise. AGC Inc. has subsidiaries and affiliates across Asia, the Americas, and Europe. The company operates globally through its subsidiaries in 30 countries. It has around 37 float lines for the production of flat glass. The companys glass business has captured a major market share for different glass products such as decoration, glazing, and glass used for special purposes.
Nippon Sheet Glass Co., Ltd. (NSG) is one of the worlds biggest producers of glass products. The glass products offered by NSG are used in architecture, automotive, and technical glass applications. The company operates and markets its European operations through its subsidiary, Pilkington plc, headquartered in the UK. It offers laminated glass products through its architectural glass business. The architectural glass business segment offers a wide product portfolio in glass solutions, including glass for solar panels, laminated glass, thermal insulation glass, vacuum glass, solar control glass, high light transmission glass, and fire protection glazing. This business segment mainly caters to the construction and solar energy sectors.
Read Our Trending Press Release Below:
Cyclopentane Market – Global Forecast to 2026
Terpene Resins Market – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/laminated-glass-market-142187288.html
