Laminated Glass Market 2024: Growth Drivers and Insights In New Report

The laminated glass market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

The Business Research Company a report, titled, 'Laminated Glass Global Market Report 2024 – By Type (Polyvinyl Butyral (PVB), Sentryglas Plus (SGP), Ethylene-Vinyl Acetate (EVA), Other Types), By Interlayer (Polyvinyl Butyral, Ionoplast Polymer, Other Interlayer Types), By Applications (Building and Construction, Automotive, Electronics, Solar Panels, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The laminated glass market size is expected to see strong growth in the next few years.

It will grow to $31.61 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

Report Coverage & Details:

• Forecast Period: 2024-2033

• Base Year: 2023

• Market Size In 2024: $23.74 billion

• Revenue Forecast In 2033: $31.61 billion

• CAGR: 7.4%

Global Laminated Glass Market: Segmentation

The laminated glass market covered in this report is segmented –

1) By Type: Polyvinyl Butyral (PVB), Sentryglas Plus (SGP), Ethylene-Vinyl Acetate (EVA), Other Types

2) By Interlayer: Polyvinyl Butyral, Ionoplast Polymer, Other Interlayer Types

3) By Applications: Building and Construction, Automotive, Electronics, Solar Panels, Other Applications

Browse Full Report With TOC & List Of Figure

www.thebusinessresearchcompany.com/report/…ket-report

Laminated Glass Market Report: Growth Drivers

The laminated glass market is set to grow, fueled by its high demand in the construction sector. This rise is a result of the ongoing trend where conventional construction materials such as cement, bricks, and granite are being replaced by glass on building exteriors, thus increasing the need for laminated glass.

The beneficial characteristics of laminated glass including strength, sound reduction, and resistance to impact are leading towards its increased usage in buildings and residential homes. For instance, Future of Construction, a forecast by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter, predicts the global construction market to be worth $15.2 trillion by 2030.

Therefore, the robust growth in the construction sector couple with the high demand for laminated glass will steer the expansion of the laminated glass market in the predicted period.

Key Developments:

M3 Glass Technologies Acquired Thermotec Glass

In May 2022, M3 Glass Technologies, a US-based glass manufacturing company, acquired Thermotec Glass for an undisclosed amount. This acquisition represents a vital move towards establishing a comprehensive range of glass products, aimed at offering M3's customers an all-encompassing solution for both interior and exterior glass needs.

In tandem with this acquisition, M3 is preparing to initiate the construction of an advanced commercial insulated glass line at their Georgetown facility. Thermotec Glass is a US-based manufacturer of laminated glass.

Top Market Leader Included:

Saint-Gobain S. A., Fuyao Glass Industry Group Co. Ltd., Asahi India Glass Ltd., Guardian Industries Corp., Taiwan Glass China Holding Ltd., Xinyi Glass Holdings Limited, Nippon Sheet Glass Co.

Ltd., Turkiye Sise ve Cam Fabrikalari AS, China Southern Glass Holding Limited, Cardinal Glass Industries Inc., Central Glass Co. Ltd., Schott AG, Flair International Ltd., Euroverre Inc., Gentex Corporation, Press Glass Sa, Asahi Glass Co.

Ltd., Pilkington Group Limited, Vitro, S. A. B. de C. V., China Luoyang Float Glass Group Co.

Ltd., Euroglas GmbH, Sangalli Servomotori S. r. l., Shanghai Yaohua Pilkington Glass Group Co.

Ltd., Tyneside Safety Glass Co. Ltd., AJJ Glass Products Co. Ltd., Emerge Glass India Pvt.

Ltd., Fuso Glass India Pvt. Ltd., GSC Glass Ltd., Hindusthan National Glass & Ind. Ltd, PPG Industries Inc.

Laminated Glass Industry: Regional Landscape

Asia-Pacific was the largest region in the laminated glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the laminated glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the laminated glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.