The laminated glass market is anticipated to grow at a 5.80% CAGR from 2021 to 2028, reaching estimated values of USD 20,692.10 million and USD 29,021.41 million, respectively.
The extensive usage of these products in a range of industries, including as vehicle production, electronics, and so forth, is driving the growth of the worldwide laminated glass market since it offers better environmental protection.
Automobile windscreens also use laminated glass to offer the best protection available in the event of an accident. Getting ready for a meeting, Einstein.
Laminated Glass Market: Overview
Regular glass shatters and the flying fragments are hazardous, if not fatal. Laminated glass, which is kept together by a polymer, is far safer. The demand for laminated glass has increased as a result of the construction industry’s increased focus on safety, and this trend is anticipated to continue during the projected period.
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A growing number of exterior and interior applications, increased popularity among builders, and rising demand from the construction and automotive industries are some of the reasons driving the laminated glass market expansion through 2028. On the other hand, the high cost of laminated glass is anticipated to be a significant barrier to the expansion of the laminated glass market, particularly in emerging nations with smaller spending potential.
Laminated Glass Market: Growth Drivers
It should be applied more frequently in building-related applications in order to encourage growth.
The importance of infrastructure development has lately increased and is anticipated to continue to increase. Through 2028, it is anticipated that laminated glass sales would increase since glass has become a significant building material. Due to the increasing usage of glass in interior and exterior building applications, the laminated glass market is anticipated to expand throughout the course of the projected period. The market for laminated glass is anticipated to expand until 2028 as a result of the inclusion of safety features in contemporary designs.
Global Laminated Glass Market: Segmentation
The global Laminated Glass market is segmented into three categories: interlayer, end use, and region.
The market has two end uses: construction and the automotive industry. The vast majority of laminated glass sales are made by the construction industry, which is anticipated to continue being the most lucrative market throughout the projection period. Due to increased use of laminated glass in the automotive industry, the laminated glass market will grow through 2028. As construction activity increases worldwide, demand for laminated glass will increase.
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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Read Also:
https://www.linkedin.com/pulse/global-laminated-glass-market-size-share-growth-demand-rohit-patil/
https://demo.sngine.com/blogs/185808/Global-Dash-Cam-Market-Size-Share-Trend-Growth-Report-2030
