The global laminated glass market was valued at $19.3 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.
Laminated glass, also known as safety glass, is made by bonding layers of glass to the back and front of durable plastic sheets. There is a thin polymer interlayer between its two or more layers of glass, and it is typically formed of polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), tonoplast polymers, cast in place (CIP) liquid resin, or thermoplastic polyurethane (TPU). The interlayer's tremendous strength prevents the glass from shattering into large, sharp fragments and keeps the glass layers together even when it is fractured. Glass fractures in a distinctive spider web pattern when an impact is not strong enough to completely shatter it.
The rise in demand for renewable and clean energy has increased tremendously over the few decades. Given the growing concern about climate change, the fact that solar power generation offers a clean alternative to electricity produced from fossil fuels, with no risk of electricity price spikes, no air or water pollution, and no risks to public health, is essential. In solar panels, laminated glass is primarily used to shield the photoelectric semiconductor from external factors like dampness. Researchers, scientists, and engineers are constantly producing new ways to develop technology to harness solar energy in the simplest and most efficient way possible.
The growth of new solar technologies will result in an increase in the market for laminated glass in the coming years. Homeowners and business owners are already looking for creative ways to cut costs and improve the environment. Laminated glass installation cuts down on energy wastage. Once deployed, it reduces future costs and money. For instance, Bent Glass Design offers laminated glass for solar panels which consists of several panes of glass linked by an interlayer and is strong, especially in situations when the glass is broken. To improve solar performance for systems with laminated glass, the XIR solar control film is laminated. This form of glass is appropriate for both residential and commercial settings. Greater energy efficiency, UV protection, and better sound absorption are all advantages of laminated safety glass from Bent Glass Design.
Additionally, Eastman Chemical Company has experience designing glazing for sun control using several interlayer materials. To provide solar control, coated glass can be laminated using most Eastman architectural PVB interlayers. Many manufacturers are using laminated glass for their convenience. For instance, Onyx Solar Group LLC manufactures photovoltaic laminated glass available in varying thickness such as 3, 6, 10, 12 and 19 mm. Its photovoltaic laminated glass has earned the UL Listed Mark and has been tested according to IEC standards successfully. The global market for laminated glass has grown enormously due to rising use of solar energy.
The availability of substitutes is one of the restraining factors affecting the growth of laminated glass market. Laminated glass can be replaced with acrylic glass. Acrylic is an organic substance that exists in one continuous form. Both acrylic and laminated glass are transparent building materials with great pressure resistance that are appropriate for applications like aquariums in marine museums and boat windows. Thermal conductivity of acrylic is lower than that of laminated glass. In contrast to laminated glass, acrylic offers more heat insulation.
Additionally, acrylic is the optimum material because of its superior impact resistance, durability, and adaptability. Acrylic is therefore used in deep sea underwater windows. Many manufacturers have marketed their acrylic products in the market. For instance, Plexiglas and Perspex are brands of acrylic glass produced by Hydrosight GmbH. The growth of laminated glass market is hindered to some extent owing to the easy availability of acrylic and its excellent features.
Urbanization has created wonderful opportunities for the expansion of the laminated glass market. According to the United Nations, 70% of the world’s population is expected to live in urban areas by 2050. Many rural residents find urbanization appealing because of the numerous opportunities it gives to raise their quality of life. Employment is one factor that encourages individuals from rural areas to urban places. The reduced employment opportunities in rural areas have contributed to this trend. In addition, urban areas are better able to address the needs of the people in terms of health and education, which stimulates migration there. The demand for laminated glass has increased due to increase in urbanization because it is necessary for construction. Therefore, urbanization offers fantastic opportunity for the growth of laminated glass market.
The laminated glass market is segmented into material type, application, end-use industry, and region. By material type, the market is divided into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer and others (aliphatic TPU). By application, the market is divided into automobile windshields, bank security and ATM booths, jewelry shops, residential buildings, and others (gas stations). By end-use industry, the laminated glass market is classified into building and construction, automotive, solar panels, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global laminated glass market are AGC Inc., Asahi India Glass Limited., Central Glass Co., Ltd., CSG HOLDING CO., LTD., FUSO, Guardian Industries, PRESS GLASS Holding SA, Saint-Gobain S.A., Sisecam and Xinyi Glass Holdings Limited.
Laminated glass, also known as safety glass, is made by bonding layers of glass to the back and front of durable plastic sheets. There is a thin polymer interlayer between its two or more layers of glass, and it is typically formed of polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), tonoplast polymers, cast in place (CIP) liquid resin, or thermoplastic polyurethane (TPU). The interlayer's tremendous strength prevents the glass from shattering into large, sharp fragments and keeps the glass layers together even when it is fractured. Glass fractures in a distinctive spider web pattern when an impact is not strong enough to completely shatter it.
The rise in demand for renewable and clean energy has increased tremendously over the few decades. Given the growing concern about climate change, the fact that solar power generation offers a clean alternative to electricity produced from fossil fuels, with no risk of electricity price spikes, no air or water pollution, and no risks to public health, is essential. In solar panels, laminated glass is primarily used to shield the photoelectric semiconductor from external factors like dampness. Researchers, scientists, and engineers are constantly producing new ways to develop technology to harness solar energy in the simplest and most efficient way possible.
The growth of new solar technologies will result in an increase in the market for laminated glass in the coming years. Homeowners and business owners are already looking for creative ways to cut costs and improve the environment. Laminated glass installation cuts down on energy wastage. Once deployed, it reduces future costs and money. For instance, Bent Glass Design offers laminated glass for solar panels which consists of several panes of glass linked by an interlayer and is strong, especially in situations when the glass is broken. To improve solar performance for systems with laminated glass, the XIR solar control film is laminated. This form of glass is appropriate for both residential and commercial settings. Greater energy efficiency, UV protection, and better sound absorption are all advantages of laminated safety glass from Bent Glass Design.
Additionally, Eastman Chemical Company has experience designing glazing for sun control using several interlayer materials. To provide solar control, coated glass can be laminated using most Eastman architectural PVB interlayers. Many manufacturers are using laminated glass for their convenience. For instance, Onyx Solar Group LLC manufactures photovoltaic laminated glass available in varying thickness such as 3, 6, 10, 12 and 19 mm. Its photovoltaic laminated glass has earned the UL Listed Mark and has been tested according to IEC standards successfully. The global market for laminated glass has grown enormously due to rising use of solar energy.
The availability of substitutes is one of the restraining factors affecting the growth of laminated glass market. Laminated glass can be replaced with acrylic glass. Acrylic is an organic substance that exists in one continuous form. Both acrylic and laminated glass are transparent building materials with great pressure resistance that are appropriate for applications like aquariums in marine museums and boat windows. Thermal conductivity of acrylic is lower than that of laminated glass. In contrast to laminated glass, acrylic offers more heat insulation.
Additionally, acrylic is the optimum material because of its superior impact resistance, durability, and adaptability. Acrylic is therefore used in deep sea underwater windows. Many manufacturers have marketed their acrylic products in the market. For instance, Plexiglas and Perspex are brands of acrylic glass produced by Hydrosight GmbH. The growth of laminated glass market is hindered to some extent owing to the easy availability of acrylic and its excellent features.
Urbanization has created wonderful opportunities for the expansion of the laminated glass market. According to the United Nations, 70% of the world’s population is expected to live in urban areas by 2050. Many rural residents find urbanization appealing because of the numerous opportunities it gives to raise their quality of life. Employment is one factor that encourages individuals from rural areas to urban places. The reduced employment opportunities in rural areas have contributed to this trend. In addition, urban areas are better able to address the needs of the people in terms of health and education, which stimulates migration there. The demand for laminated glass has increased due to increase in urbanization because it is necessary for construction. Therefore, urbanization offers fantastic opportunity for the growth of laminated glass market.
The laminated glass market is segmented into material type, application, end-use industry, and region. By material type, the market is divided into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer and others (aliphatic TPU). By application, the market is divided into automobile windshields, bank security and ATM booths, jewelry shops, residential buildings, and others (gas stations). By end-use industry, the laminated glass market is classified into building and construction, automotive, solar panels, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global laminated glass market are AGC Inc., Asahi India Glass Limited., Central Glass Co., Ltd., CSG HOLDING CO., LTD., FUSO, Guardian Industries, PRESS GLASS Holding SA, Saint-Gobain S.A., Sisecam and Xinyi Glass Holdings Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laminated glass market analysis from 2021 to 2031 to identify the prevailing laminated glass market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the laminated glass market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global laminated glass market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Material Type
- Polyvinyl Butyral
- Ethyl Vinyl Acetate
- Ionoplast Polymer
By Application
- Automobile Windshields
- Bank Security and ATM Booths
- Jewellery Shops
- Residential Buildings
By End Use Industry
- Building and Construction
- Automotive
- Solar Panels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- FUSO
- Central Glass Co., Ltd.
- CSG HOLDING CO.,LTD.
- Sisecam
- Xinyi Glass Holdings Limited.
- Saint-Gobain S.A.
- Guardian Industries
- AGC INC.
- Asahi India Glass Limited.
- PRESS GLASS Holding SA
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LAMINATED GLASS MARKET, BY MATERIAL TYPE
CHAPTER 5: LAMINATED GLASS MARKET, BY APPLICATION
CHAPTER 6: LAMINATED GLASS MARKET, BY END USE INDUSTRY
CHAPTER 7: LAMINATED GLASS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'Laminated Glass Market,' the laminated glass market was valued at $19.3 billion in 2021, and is estimated to reach $34.4 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.Laminated glass, also called safety glass is favored due to its strength and safety attributes, such as hurricane and impact resistance, protection against forced entry, sound reduction, bullet resistance, and earthquake resistance. The most popular applications for these glasses are for creative expression, photovoltaic, UV protection, and auto safety.
The utilization of laminated glass in various end-use industries such as electronic, healthcare, automotive, construction and others have increased the demand for laminated glass worldwide. The healthcare industry makes wide use of laminated glass due to its noise insulating property. Laminated glass is frequently preferred as a medical environment needs to be calm and healthy. These are employed in the construction of doors, windows, and facades, all important architectural elements. Laminated glass has many benefits, including the ability to reduce outside noise and preserve the hospital's environment. Additionally, it offers protection from harmful UV rays.
Many manufacturers across the globe are providing laminated glass that can be employed in healthcare sectors. For instance, Asahi India Glass Ltd., India’s leading glass manufacturing company, is a leader in manufacturing several types of glass solutions. Its AIS AcousticglasTM is a laminated glass product that dampens sound 50-60% more effectively than standard 5mm glass. Windows, walls, doors, and the façade all have these solutions implemented. These noise-cancelling systems enable the doctors and patients to speak in solitude. Owing to these associated advantages, it is used tremendously in the healthcare sector.
Moreover, the electronic industry uses laminated glass for its display purpose. Laminated glass is widely utilized in mobiles as it is shatterproof and offers good protection. Furthermore, glass with laminate is much stronger and less likely to put people in danger if it breaks. In addition to meeting the unique design requirements of mobile electronic devices, a thin laminate can offer a suitable blend of acceptable strength, safety, and colors. Due to these factors, the electronic industry is expected to boost the growth of the laminated glass market.
Further, laminated glass is used extensively in construction industries. It is employed in residential and commercial buildings owing to its strength and shatterproof quality. The safety characteristic of laminated glass is very helpful in places that require high security, such as banks, money exchange facilities, jewelry stores, museums, and art galleries. They can also be used in prisons to help protect the premises as well as the prisoners. Laminated glass can be used to create bulletproof glass because of its high resistance capacity. The use of bulletproof glass can save lives in metropolitan areas where crime and terrorism are on the rise.
Laminated glass can be added to improve security in areas of residential and business buildings that are vulnerable to theft, robbery, and criminal activity. The installation of laminated glass will have a significant positive impact on these locations that are more vulnerable to break-ins. Additionally, it is the greatest material to utilize for building in disaster-prone regions, particularly where hurricanes and tornadoes are frequent. It is employed in the manufacturing of glass railings, glass floors, skylights, roofs, sunspaces, curtain walls and glass facades. Due to their noise-insulation properties, laminated glass can also be used at hotels, airport terminals, recording studios and others.
For instance, laminated glass was used in the façade, several balustrades, and five pier structures of the new Istanbul Grand Airport, which opened in 2018. By 2027, the airport construction is anticipated to be finished. Furthermore, demand for laminated glass is increasing as a result of the growing trend in the construction industry to replace the exteriors of buildings made of granite, cement, and brick with glass. It is aesthetically pleasing for homes and buildings, in addition to being safe and saving energy.
Laminated glass has been a common safety measure for automobiles in recent years to prevent accidents. Due to its improved strength and breakage resistance as well as its capacity to maintain clarity even after breaking, laminated glass has become more and more popular for use in automobile windows. It is frequently used in car sunroofs as it provides extra car clarity, safety, and tinting options. For instance, all of the door glass and rear windscreen in high-end vehicles, such the Mercedes Benz S350, are laminated. Laminated glass also finds its use in aerospace industry.
For instance, in 2020, Gentex purchased Air-Craftglass, a Belgian business established to develop glass solutions for private and commercial airplanes and included the novel laminating process and associated patents. The company eventually developed a thin glass laminate that is chemically reinforced, lightweight, and outperforms polycarbonate structures in terms of durability, noise reduction, UV resistance, antibacterial performance, and flame/smoke resistance. The market witnessed a considerable amount of growth globally owing to this increased usage of laminated glass in residential & commercial sectors, automotive and aerospace industries.
The laminated glass market is divided on the basis of material type, application, end-use industry, and region. On the basis of material type, the market is divided into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer, aliphatic TPU and others (Sentryglas Plus (SGP)). Depending on the application, the market is classified into automobile windshields, bank security and ATM booths, jewelry shops, residential buildings and others (gas stations). On the basis of end-use industry, the laminated glass market is classified into building and construction, automotive, electronics, solar panels and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the study include AGC Inc., Asahi India Glass Limited., Central Glass Co., Ltd., CSG HOLDING CO.,LTD., FUSO, Guardian Industries, PRESS GLASS Holding SA, Saint-Gobain S.A., Sisecam and Xinyi Glass Holdings Limited. The players in the market have been actively engaged in the adoption various Strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market.
Key Market Insights:
By material type, polyvinyl butyral (PVB) accounted for the maximum market share of the global market in 2021.Based on application, residential buildings held the largest share of the laminated glass market in 2021.
By end-use industry, building and construction dominated the global market in 2021.
Region wise, Asia-Pacific held the largest share of the market in 2021.
Companies Mentioned
- FUSO
- Central Glass Co., Ltd.
- CSG HOLDING CO.,LTD.
- Sisecam
- Xinyi Glass Holdings Limited.
- Saint-Gobain S.A.
- Guardian Industries
- AGC INC.
- Asahi India Glass Limited.
- PRESS GLASS Holding SA
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 19.3 billion |
| Forecasted Market Value ( USD | $ 34.4 billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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