13-Mar-2018 | Zion Market Research
The new report by Zion Market Research on the “Laminated Glass Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025" has a vast information about the market and its potential.
The global laminated glass market was valued at around USD 16 billion in the year 2016 and is expected to reach over USD 27 billion by 2025 with the expected CAGR of more than 6% between the years 2017 and 2025.
Increasing adoption of laminated glass and its growing usage in sectors such as telecom, healthcare, aerospace, and electronics contributes to the growth of the laminated glass market. Another factor that contributes to the growth of the laminated glass market is the rapid development in the construction activities across the regions, in which, the conventional materials such as brick, cement, and granite building exteriors are being replaced by the laminated glass. Using laminated glass provides benefits such as safety and security, solar energy control, design versatility, UV control, and much more.
Browse the full “Laminated Glass Market by Interlayer Type (Polyvinyl Butyral (PVB), Ethyl Vinyl Acetate (EVA), Ionoplast Polymers, Thermoplastic Polyurethane (TPU), and Cast in Place (CIP) Liquid Resin), by End User (Residential and Non-Residential), for Application (Windows, Doors, and Skylights; Open-Edged Railings; Facades and Canopies; Structural Glass Flooring; Stairs, Walkways, and Pedestrian Bridges; and Overhead Glazing), and by Vertical (Building & Construction, Automotive, Healthcare, Telecom, Electronics, and Aerospace): Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2025” report at https://www.zionmarketresearch.com/report/laminated-glass-market
According to our research analyst, the polyvinyl butyral segment is expected to retain its dominant position in the market due to its exceptional characteristics such as excellent binding power, adhesion, and transparency. Increasing applications of polyvinyl butyral interlayer in several types of glasses used in the automobiles, building and constructions, electronics, and aerospace anticipates driving the demand for polyvinyl butyral interlayer in the coming years.
Global Laminated Glass Market: Interlayer Type Segment Analysis
Global Laminated Glass Market: End User Type Segment Analysis
Global Laminated Glass Market: Application Type Segment Analysis
Global Laminated Glass Market: Vertical Type Segment Analysis
Global Laminated Glass Market: Regional Segment Analysis
Polyvinyl butyral (PVB) is projected to lead the growth of laminated glass market. One of the crucial properties of the polyvinyl butyral interlayer laminated glass is the non-dispersal of the glass particles upon damaging the glass thus eliminating the risk of injuries. Another benefit is that it has good tenacity performance which helps in absorbing the large amount force. Owing to the benefits that are offered by the polyvinyl butyral the demand for the product is increasing in the global market.
Non-residential segment held the largest market share in 2016. Increased use of the laminated glass in the offices, hotels, and various other organizations has increased the demand for the laminated glass in the global market. Laminated glass is being used in overhead glazing, windows, doors, and skylights. Using laminated glass not only provides a stylish and trendy appearance to the construction but also provides other benefits such as being soundproof, safety, and security. The office building, a sub-segment of the non-residential segment, contributed the highest market share in 2016.
By application, windows, doors, and skylights segment contributed the maximum market share in 2016. This segment is expected to grow with highest CAGR of over 6.5% over the forecasted period. The growing construction activities across the regions play a major role in the dominance of this segment. Apart from windows, doors, and skylights, open-edged railings, and structural glass flooring is also expected to gain traction over the forecast period.
Among the verticals, building & construction segment dominated the laminated glass market in 2016. It is anticipated that the automotive segment will grow at the highest CAGR of around 6.5% over the forecasted period. As laminated glass provides a high grade of protection when compared to normal glass, thus the application of laminated glass in automotive sectors is gaining more traction.
North America dominates the laminated glass market owing to the well-developed infrastructure and technological advancement in several sectors. But, it is anticipated that the Asia Pacific will grow with the highest CAGR of around 6.8% owing to the rapid increase in the construction activities and growing demand for automobiles in the region.
The major market players in the global laminated glass market are Aeon Industries Corporation Ltd., AJJ Glass Ltd., Asahi Glass Co. Ltd., Cardinal Glass Industries Inc., Central Glass Co. Ltd., China Luoyang Float Glass Group Co. Ltd., China Specialty Glass AG, CSG Holding Co., Ltd., Flat Glass Group Co. Ltd., Fuso Glass India Pvt. Ltd., and Fuyao Glass Industry Group Co. Ltd., among others.
Browse New Press Release: https://www.zionmarketresearch.com/news/laminated-glass-industry
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