Laminated Glass Market Analysis | 2024-2032

“The Laminated Glass Market was estimated at US$ 23.8 Billion in 2023 and is likely to grow at a robust CAGR of 5.4% in the long run to reach US$ 38.1 Billion by 2032.”

Wish to get a free sample? Register Here

Market Dynamics

Introduction

Sandwiching a layer of polymer between two or more glass sheets is supposed to provide better safety, sound insulation, and UV protection. This type of glass has been applied in construction and the automobile industry because it can enhance impact resistance and provide additional security. Used in architectural designs, it adds to the aesthetic appeal and further allows for energy efficiency; hence, it finds applications in both residential and commercial projects.

Laminated glass has shown strong growth because of its versatile applications and very lucrative performance characteristics. Growth drivers for laminated glass markets include increasing urbanization, stringent safety regulations, and continuous developments in glass technology. As building codes become more rigorous and consumer demand shifts towards sustainable and high-performance materials, the laminated glass market is bound to grow. The latest technological innovations targeting the development of improved interlayer materials and manufacturing technologies further open opportunities for growth and new prospects for market players. All these developments underline the huge role laminated glass has come to play in modern infrastructure and transport and confirm its growing importance in the global markets.

Market Drivers

• Increasing urbanization and infrastructure development: Fast urbanization and the rising number of different infrastructure projects across the globe are the key drivers of the laminated glass market. Modern construction projects require materials that are of high quality, improved safety, durability, and aesthetic properties—these are what laminated glass can offer, be it in residential or commercial applications.

• Stringent Safety and Building Regulations: These regulatory standards, more particularly on safety and energy efficiency, are gradually becoming stricter. Laminated glass easily meets these regulations through its superior impact resistance and security required for the safety standards that pertain to construction and the automotive industry.

Segments Analysis

By Interlayer Type

“PVB is expected to be the largest market and dominating one whereas Ionoplast is likely to grow at the fastest rate in the coming years.”

• The Laminated Glass Market is segmented into Polyvinyl Butyral and Ionoplast Polymer

• PVB is expected to maintain the largest share in the laminated glass market due to its historic use, well-established performance record, and wide application range. The broad and diffuse adoption of PVB by the construction and automobile segments, coupled with its cost-effectiveness, makes it the material of choice in laminated glass. Manufacturing processes are well established, and it is very widely available. The result is that it becomes the solution for a wide array of applications, often in places where reliability and low cost are major considerations.

• In sharp contrast, the category of ionoplast polymers, including SentryGlas™, will represent the fastest-growing segment in the next few years. Superior performance characteristics, such as higher impact resistance and improved durability, make them preferred candidates for high-performance and specialized applications. Continuous urbanization and the thrust in technology are shifting demand towards more advanced and high-strength laminated glass solutions, thus fueling demand for ionoplast polymers. The fact that they can meet strict standards of safety and performance makes them very much in demand for unique and high-budget projects.

By Application Type

“Construction is the more dominating industry, and the Automobile sector stands out to be the fastest growth potential.”

• The market is segmented into Construction and Automobile.

• The construction sector is the largest laminated glass market, as it is broadly applied in architectural features such as facades, skylights, and safety glazing. Laminated glass, in most cases, serves the very important benefit of meeting rigorous building codes and standards, especially in impact resistance, acoustic insulation, and UV protection. The continuous urbanization and large infrastructure projects across the world would add up to act as another major driver for the huge demand for laminated glass in construction.

• The fastest-growing demand for laminated glass will be realized in the automobile industry itself, with improvement in the level of safety standards prevailing in vehicles and innovations in automobile design. Laminated glass forms a very important component in terms of windshields and windows due to the better resistance to impacts and improved safety features in line with changing regulations in automobiles and customers' increasing demand for improved safety and comfort features.

Regional Analysis

“North America is expected to remain the largest market for Laminated Glass Market during the forecast period whereas the Asia-Pacific is likely to grow fastest.”

• In terms of countries, the USA is expected to remain the largest market during the forecast period.

• The laminated glass market is likely to be dominated by the North American market, considering long-established infrastructure and strong demand from the construction and automotive sectors. The region maintains advanced regulatory standards and high investments in both residential and commercial construction in infrastructure projects, which makes the demand for laminated glass continuous and huge. Concerns related to security, energy efficiency, and aesthetics in design and the large quantities of automotive production in the United States and Canada make its share dominate the market.

• The Asian Pacific region is likely to be the fastest-growing area for the laminated glass market. This giant growth in the region is triggered because of booming urbanization, increasing infrastructure developments, and the rapidly growing automobile industry. Countries such as China and India are gaining a fast pace of economic growth and urban development, thereby putting demands for more advanced building materials, hence laminated glass. Further, the rise in vehicle production and innovative technological developments in the region are some of the other factors supporting high growth, thereby making Asia-Pacific the fastest-growing market for laminated glass.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The market is highly fragmented with the presence of over 500 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. 

The following are the key players in the laminated glass market (based on dominance).

• AGC Inc. (Asahi Glass Co., Ltd.)
• Fuyao Glass Industry Group Co., Ltd.
• Guardian Glass
• NSG Group (Nippon Sheet Glass Co., Ltd.)
• Saint-Gobain
• Schott AG
• SentryGlas® (DuPont)

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Laminated Glass Market realities and future market possibilities for the forecast period. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com