Market Size of Impact Resistant Glass Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Impact Resistant Glass Market Analysis
The market for impact-resistant glass is expected to grow at a CAGR of over 6% globally during the forecast period.
Increasing demand from the automotive industry and growing applications in the building and infrastructure sector for maximum safety and protection purposes is driving the market growth.
The high cost of production and limited sources for interlayers are expected to hinder the market growth.
Impact Resistant Glass Industry Segmentation
The Impact Resistant Glass Market report include:
Interlayer | |
Ethylene Vinyl Acetate | |
Ionoplast Polymer | |
Polyvinyl Butyral(PVB) | |
Other Interlayers |
End-user Industry | |
Automotive | |
Construction | |
Other End-user Industries |
Geography | |||||||
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Impact Resistant Glass Market Size Summary
The impact-resistant glass market is poised for significant growth, driven by increasing demand from the automotive industry and expanding applications in the building and infrastructure sectors. This type of glass is essential for ensuring maximum safety and protection, making it a preferred choice for various structures such as office buildings, hotels, shopping malls, and high-security locations like banks and embassies. Additionally, its use in coastal areas to safeguard against hurricanes and tornadoes, along with its ability to reduce noise and block harmful UV rays, further propels its market demand. However, challenges such as high production costs and limited sources for interlayers may impede market expansion. The rising need for enhanced security, asset protection, and technological advancements in glass solutions are key factors contributing to the market's growth trajectory.
Regionally, Asia-Pacific is expected to lead the global market, supported by the robust construction sector in countries like China and Singapore, and ongoing investments in the automotive industry. The demand for impact-resistant glass in automotive applications, particularly for windscreens, is increasing due to its superior safety features during accidents and its ability to withstand manual attacks. The construction industry's growth in Singapore and the steady rise in automobile production across the Asia-Pacific region are significant contributors to this demand. The market is characterized by its fragmented nature, with major players such as Saint-Gobain, Asahi Glass Co., Ltd, Nippon Sheet Glass, Guardian Industries, and Fuyao Glass Industry Group competing for market share. The continuous adoption of impact-resistant glass in advanced construction activities and the automotive sector's focus on security are expected to sustain market growth in the coming years.
Impact Resistant Glass Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Applications for Building and Infrastructure
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1.1.2 Growing Demand from Automotive Sector
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1.2 Restraints
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1.2.1 High Cost of Production
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Interlayer
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2.1.1 Ethylene Vinyl Acetate
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2.1.2 Ionoplast Polymer
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2.1.3 Polyvinyl Butyral(PVB)
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2.1.4 Other Interlayers
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2.2 End-user Industry
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2.2.1 Automotive
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2.2.2 Construction
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2.2.3 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Impact Resistant Glass Market Size FAQs
What is the current Impact Resistant Glass Market size?
The Impact Resistant Glass Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Impact Resistant Glass Market?
Saint-Gobain , Asahi Glass Co., Ltd, Nippon Sheet Glass (NSG), Guardian Industries and Fuyao Glass Industry Group are the major companies operating in the Impact Resistant Glass Market.