Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.93 Billion | USD 36.14 Billion | 5.1% | 2024 |
The global laminated glass market size was worth around USD 21.93 Billion in 2024 and is predicted to grow to around USD 36.14 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.1% between 2025 and 2034.
The report analyzes the global laminated glass market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the laminated glass industry.
Laminated Glass is a glass that is held together by a polymer and does not shatter even if damaged and this makes it a highly safe option to regular glass which shatters and the shattered shards are dangerous and can even prove to be the cause of major fatal wounds. Increasing focus on safety in the construction industry has bolstered the demand for laminated glass, and this trend will be prevalent over the forecast period.
Increasing demand from construction and automotive industries, rising popularity among constructors, increasing scope of use on exterior and interior applications are some factors that propel laminated glass market growth through 2028.
However, high costs of laminated glass are expected to be a major barrier to laminated glass market growth and this is expected to especially restrain market potential in emerging economies with less spending potential.
Increasing use in construction and building applications to Boost Growth
Demand for infrastructure development is paramount in recent times, and this trend is only expected to grow over the forecast period. Glass has become a crucial element in the construction industry, and this is projected to drive the sales of laminated glass through 2028. Extensive use of glass in interior, as well as exterior construction and building applications alike, is also expected to boost laminated glass market potential over the forecast period. Added safety aspects into modern designs with laminated glass is also expected to help laminated glass market growth through 2028
High Initial Investment to Restrain Laminated glass Market Growth
Laminated glass is expensive as compared to normal glass and this is a major factor that could constrain the growth of the market over the forecast. The high-cost factor is especially concerning for the economies with lower spending potential where companies and individuals alike cannot afford to invest in this high-quality glass. The aspect of inseparability with glass will also come into play and restrain adoption to a certain and extent and this will further drag down laminated glass market growth through the forecast period.
The global laminated glass market is segmented based on Interlayer, End-use, and region.
Based on Interlayer, the global laminated glass market is divided into Polyviny Butyral, lonoplast Polymer, Others.
On the basis of End-use, the global laminated glass market is bifurcated into Construction, Automobile.
Report Attributes | Report Details |
---|---|
Report Name | Laminated Glass Market |
Market Size in 2024 | USD 21.93 Billion |
Market Forecast in 2034 | USD 36.14 Billion |
Growth Rate | CAGR of 5.1% |
Number of Pages | 157 |
Key Companies Covered | 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), and others. |
Segments Covered | By Interlayer, By End-use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific will emerge as a highly rewarding market for laminated glass manufacturers owing to rising construction activity in this region, which is majorly driven on the back of increasing demand for infrastructure development. Emerging economies of China and India are anticipated to be major markets in this region, owing to rapid industrialization and urbanization that is propelling construction activity. The rising use of laminated glass in residential and commercial construction applications will also fuel laminated glass market potential in this region. Apart from this, supportive government initiatives in infrastructure development will also aid laminated glass market growth over the forecast period.
North American laminated glass market will see high demand for laminated glass from rising residential construction activity and high spending potential in this region will favor laminated glass market growth in the long run.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the laminated glass market on a global and regional basis.
The global laminated glass market is dominated by players like:
By Interlayer
By End-use
By Region
FrequentlyAsked Questions
Leading players in 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), among others.
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