Global Laminated Glass Market Overview
The Laminated Glass Market Size was estimated at 18.5 (USD Billion) in 2022.The Laminated Glass Industry is expected to grow from 19.1(USD Billion) in 2023 to 25.5 (USD Billion) by 2032. The Laminated Glass Market CAGR (growth rate) is expected to be around 3.26% during the forecast period (2024 - 2032).
Key Laminated Glass Market Trends Highlighted
The Laminated Glass Market is poised for significant growth, driven by increasing urbanization and demand for safety and energy efficiency in buildings and vehicles. The use of laminated glass in construction and automotive applications is expanding, driven by its superior strength, durability, and soundproofing capabilities.
Key market drivers include the growing emphasis on safety regulations in the construction and automotive industries, the rising demand for energy-efficient solutions in buildings, and the increasing popularity of architectural glazing and automotive glass. Opportunities for growth lie in the development of new applications for laminated glass, such as in wearable technology and smart homes, as well as the expansion into emerging markets.
Recent trends in the laminated glass market include the adoption of advanced technologies for improved performance, such as heat-strengthened and tempered laminated glass, and the use of innovative interlayers for enhanced security, sound insulation, and solar control. Additionally, the growing focus on sustainability is driving the demand for laminated glass manufactured using environmentally friendly processes and materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Laminated Glass Market Drivers
Rising Demand for Safety and Security
Laminated glass is a type of safety glass that is made by sandwiching two or more sheets of glass with a certain type of plastic interlayer. As a consequence, it is much more robust and resistant to breaking compared to otherwise ordinary glass. Specifically, it is used in various applications where preservation of safety and security both factors is essential, such as automotive windshields, bulletproof windows, and skylights. The growing demand for safety and security, both factors in the commercial and residential spheres, is likely to stimulate the expansion of the Laminated Glass Market.
For example, in the automotive industry, laminated glass finds application in windshields and windows of automobiles to protect their drivers and passengers in car managers in case a collision occurs. Also, it is used for similar purposes as bulletproof windows to resist gunfire. Meanwhile, in the residential sector, it is used in skylights and patio doors to protect against harmful UV rays and weather conditions. The growing demand for safety and security, both factors in the commercial and residential spheres, is likely to stimulate the expansion of the Laminated Glass Market.
Increasing Adoption in Architectural Applications
Laminated glass is used more and more in architectural applications due to its aesthetic appeal and increased structural strength. Laminated glass is used to create a variety of architectural features, including curtain walls, storefronts, and skylights. It is also widely used in interior design, for example, in partitions, furniture, and countertops. Because of its widespread use in architectural applications, the increasing adoption of laminated glass is expected to be the main driver of the growth of the Laminated Glass Market in the future.
In addition, laminated glass has many advantages over ordinary glass in architectural applications. First of all, it is much stronger and harder to break than ordinary glass, which makes it suitable to be used in high-rise buildings and other contexts where safety is a concern. Besides, laminated glass provides great UV protection, keeping interior furniture and other furnishings safe from fading. Finally, it can easily be customized to achieve a variety of aesthetic effects, which makes it a great choice for architects and other designers.
Growing Demand for Energy-Efficient Buildings
Laminated glass is capable of increasing the energy efficiency of buildings as it is good for reducing heat loss and gain. Laminated glass has a lower U-value than the ordinary one which means that it allows much less heat to escape from a building in the winter and much less heat to get inside the building in the summer. As a result, it decreases the overall consumption of the energy source to a large extent, particularly in the case of that region where the temperature is highly dependent on the season. For example, the climate is extremely cold in the winter and extremely hot in the summer.
Such a factor is going to contribute to the dynamic growth of the global market of laminated glass since there is currently a growing demand for energy-efficient buildings. Moreover, laminated glass is also beneficial due to a high level of safety functioning. In particular, laminated glass breaks less and in the case of breakage, the pieces stick to the film without shattering. Such a factor makes laminated glass highly advantageous to high-rise buildings and various other constructions.
Laminated Glass Market Segment Insights:
Laminated Glass Market Glass Type Insights
The Laminated Glass Market is segmented by Glass Type into Heat Strengthened Laminated Glass, Tempered Laminated Glass, Triple Laminated Glass, and Custom Laminated Glass. Heat Strengthened Laminated Glass is the most common type of laminated glass, accounting for over 50% of the market share. It is made by heating the glass to a high temperature and then rapidly cooling it, which strengthens the glass and makes it more resistant to breakage. Tempered Laminated Glass is made by heating the glass to an even higher temperature and then cooling it slowly, which makes it even stronger than Heat Strengthened Laminated Glass.
It is often used in applications where safety is a concern, such as in car windows and storefronts. Triple Laminated Glass is made by laminating three layers of glass together, which makes it very strong and resistant to breakage. It is often used in high-security applications, such as in bulletproof glass. Custom Laminated Glass is made to meet the specific requirements of a particular application. It can be made with different types of glass, different thicknesses, and different colors. The growth of the market is being driven by the increasing demand for laminated glass in the automotive, construction, and electronics industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Laminated Glass Market Application Insights
The Laminated Glass Market is segmented into Automotive, Construction, Consumer Electronics, Industrial, and Others based on its application. Among these segments, the Construction segment held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for laminated glass in commercial and residential buildings due to its safety and security features. For instance, laminated glass is widely used in skylights, windows, and facades of buildings to enhance their structural integrity and protect against natural disasters and accidents.
The Automotive segment is expected to witness significant growth over the next ten years due to the rising demand for laminated glass in vehicles for safety and aesthetic purposes. Laminated glass is used in windshields, side windows, and sunroofs of cars to provide better visibility, reduce noise, and enhance the overall driving experience.
Laminated Glass Market Laminate Material Insights
Laminated glass is a type of safety glass that is made by bonding two or more layers of glass together with a layer of plastic interlayer. The growth of the market is attributed to the increasing demand for laminated glass in the automotive, construction, and electronics industries. In terms of laminate material, PVB is the most widely used type of interlayer in laminated glass, accounting for over 60% of the global market share. PVB is a tough and durable material that provides excellent adhesion to glass. It is also resistant to UV radiation and weathering.
EVA is another popular type of interlayer that is used in laminated glass. EVA is a flexible and elastic material that provides good sound insulation and vibration-damping properties. Ionoplast interlayer is a relatively new type of interlayer that is gaining popularity due to its high clarity and low distortion. Polyurethane (PU) is a strong and durable material that is often used in laminated glass for security applications. Silicone is a high-performance material that provides excellent resistance to heat, cold, and UV radiation. The choice of laminate material depends on the specific application of the laminated glass.
For example, PVB is often used in automotive windshields and side windows due to its high strength and durability. EVA is often used in laminated glass for architectural applications due to its good sound insulation and vibration-damping properties. Ionoplast interlayer is often used in laminated glass for display applications due to its high clarity and low distortion. Polyurethane (PU) is often used in laminated glass for security applications due to its high strength and durability. Silicone is often used in laminated glass for high-performance applications due to its excellent resistance to heat, cold, and UV radiation.
Laminated Glass Market Regional Insights
The regional segmentation of the Laminated Glass Market showcases diverse market dynamics and growth trajectories across key regions. North America holds a significant market share, driven by increasing demand for laminated glass in the construction, automotive, and transportation sectors. Europe follows closely, with a strong presence in the automotive and construction industries. The Asia-Pacific (APAC) region is poised for robust growth, fueled by rapid urbanization and rising disposable incomes. South America presents a promising market as governments prioritize infrastructure development and construction projects.
MEA exhibits potential for growth, with increasing investments in infrastructure and commercial buildings. These regional insights provide valuable guidance for businesses seeking to expand their presence in specific markets and tailor their strategies accordingly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Laminated Glass Market Key Players And Competitive Insights:
Key players in Laminated Glass Market are enhancing their positions continually through the launch of new products and global expansion. AGC, Saint-Gobain, and NSG Group are the market leaders that opt for partnership, product development, and facility expansion to take a better position in the industry. The market players in Laminated Glass Market are striving to provide eco-friendly and high-performance products. The laminated Glass Market is a consolidated market with the dominance of established groups. Moreover, the number of overall players is limited in this industry. The major players in the Laminated Glass Market are competitive in the market by diversifying their products. Moreover, the players in the market are combating competition by means of maintaining cost-effective solutions. Laminated Glass Market companies aggressively compete in terms of product offering and developing logistics at various locations around the world. A key trend in the Laminated Glass Market is the development of partnerships, and product expansion to restore product development capabilities and expand market presence. Mergers and acquisitions have been another trend in the Laminated Glass Market.
AGC and Saint-Gobain are among the most notable market players in the Laminated Glass Market. The main reason AGC stands out as a leading market is because it is a comprehensive supplier of Laminated Glass Market products. AWC has a strong market presence with a diverse customer base. The company remains a key market player because of its investments in product performance and sustainability. The company focuses on promoting high-performing Laminated Glass Market solutions in all glass applications. Saint-Gobain also has a well-established market presence, manufacturing vast Laminated Glass Market products, including architectural glasses, automotive glasses, and specialty glasses. The company has been diversifying its product portfolio through investments in expandable production capacity in South Korea. Moreover, the company has also invested in econoplast plants in Europe to increase production.
Key Companies in the Laminated Glass Market Include:
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Cardinal Glass
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Nippon Sheet Glass
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Guardian Glass
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Vitrum
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Pilkington
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PPG Industries
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Interfloat
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SaintGobain
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AGC
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Central Glass
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Asahi Glass
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Vitro
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Xinyi Glass
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Sisecam
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Krosaki Harima
Laminated Glass Market Industry Developments
The Laminated Glass Market is projected to reach USD 25.5 billion by 2032, exhibiting a CAGR of 3.26% from 2024 to 2032. The market is driven by rising demand for safety and security in buildings, automotive, and other applications. Increasing urbanization and infrastructure development in emerging economies are also contributing to market growth.
Recent developments in the market include the launch of new laminated glass products with enhanced properties, such as improved impact resistance, sound insulation, and UV protection. Key players are also focusing on sustainability with the introduction of eco-friendly laminated glass solutions. The market is witnessing strategic partnerships and collaborations to develop innovative products and expand market reach.
Laminated Glass Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
18.5(USD Billion) |
| Market Size 2023 |
19.1(USD Billion) |
| Market Size 2032 |
25.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.26% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Cardinal Glass, Nippon Sheet Glass, Guardian Glass, Vitrum, Pilkington, PPG Industries, Interfloat, SaintGobain, AGC, Central Glass, Asahi Glass, Vitro, Xinyi Glass, Sisecam, Krosaki Harima |
| Segments Covered |
Glass Type, Application, Laminate Material, Regional |
| Key Market Opportunities |
Increased demand for safety glass Growing construction industry Rising popularity in automotive applications Emerging markets Technological advancements |
| Key Market Dynamics |
The growing automotive industry is increasing demand for safety and security, rising construction activities, advancements in technology, and expanding applications in electronics. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Laminated Glass Market was valued at 19.1 billion USD in 2023 and is expected to grow to 25.5 billion USD by 2032, with a CAGR of 3.26% over the forecast period.
Asia-Pacific is the largest consumer of laminated glass, accounting for over 60% of the global market. China is the largest consumer in the region, followed by India and Japan.
Laminated glass is primarily used in the automotive, construction, and electronics industries. In the automotive industry, it is used for windshields, side windows, and sunroofs. In the construction industry, it is used for windows, doors, and curtain walls. In the electronics industry, it is used for display screens.
The key competitors in the Laminated Glass Market include Asahi Glass Co., Ltd., Saint-Gobain, NSG Group, PPG Industries, and Eastman Chemical Company.
The key growth drivers for the Laminated Glass Market include increasing demand from the automotive industry, rising demand for energy-efficient building materials, and growing popularity of laminated glass in electronics applications.
The challenges facing the Laminated Glass Market include high production costs, competition from other glazing materials, and environmental concerns related to the disposal of laminated glass.
The key trends in the Laminated Glass Market include the development of new laminated glass products with improved performance, the increasing adoption of laminated glass in emerging markets, and the growing popularity of smart laminated glass.
The outlook for the Laminated Glass Market is positive. The market is expected to grow steadily over the forecast period, driven by increasing demand from various end-use industries and the development of new and innovative products.
The opportunities for growth in the Laminated Glass Market include the development of new applications for laminated glass, the expansion into new markets, and the development of new technologies to improve the performance of laminated glass.
The risks to growth in the Laminated Glass Market include economic downturns, competition from other glazing materials, and environmental concerns related to the disposal of laminated glass.
