Laminated Glass Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 20.62 Billion |
| Market Size (2029) | USD 26.83 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Laminated Glass Market Analysis
The Laminated Glass Market size is estimated at USD 20.62 billion in 2024, and is expected to reach USD 26.83 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
COVID-19 had a detrimental effect on the laminated glass market. Like many industries, the laminated glass market experienced a slowdown in the early stages of the pandemic. This occurred due to disruptions in supply chains, labor shortages, and decreased construction activity. As lockdown measures eased and construction activities resumed, the demand for laminated glass picked up. Construction projects that were delayed or put on hold due to the pandemic restarted, driving demand for glass products, including laminated glass, for use in residential, commercial, and infrastructure projects.
- The increasing application of laminated glass in replacing bricks with structural glass in the construction sector and the advancement in technology are the key factors that are driving the laminated glass market.
- Laminated glass is more expensive than other regular windows because of the number of steps taken to produce it, which is likely to hamper market growth.
- Also, the rapid urbanization in developing countries and the rising demand for laminated glasses from the automotive sector are expected to provide various opportunities to market players.
- Due to the fact that countries like China, India, and Japan are critical consumers of laminated glass, Asia-Pacific has a high growth rate.
Laminated Glass Market Trends
Automotive Segment to Dominate the Market
- Laminated glass helps reduce noise transmission into the vehicle cabin, enhancing comfort for passengers. As consumers increasingly prioritize comfort and a quieter driving experience, automakers utilize laminated glass to improve acoustic insulation.
- Laminated glass can incorporate interlayers that provide UV protection, reducing the fading of interior materials and protecting occupants from harmful UV radiation. This feature is essential for regions with intense sunlight exposure.
- The increasing popularity of electric vehicles (EVs) offers opportunities for laminated glass manufacturers. EV manufacturers often prioritize advanced features and technologies to differentiate their products, including the use of laminated glass for safety, comfort, and energy efficiency.
- According to the estimate released by the International Energy Agency (IEA), in 2022, sales of battery electric vehicles reached 7.3 million, up from around 4.6 million in 2021. Factors such as increased consumer interest in sustainable transport and governmental legislation that aims to reduce direct air pollution have led to a rise in the sale of BEVs.
- Further, according to the estimate released by the IEA, in 2022, around 84.76% of global electric vehicles were sold, resulting from the domestic production of these vehicles. This represented nearly 9 million sales, compared to 1.6 million units sold from international trade that year.
- According to the latest estimate published by the Bureau of Economic Analysis (BEA), the annual passenger car sales in the United States were 3.12 million units in 2023, which increased from 2.86 million units in 2022.
- Consequently, the market is expected to register growth during the forecast period due to the abovementioned factors.
Asia-Pacific to Dominate the Market
- Asia-Pacific has experienced rapid population growth and urbanization, driving demand for construction and infrastructure development. Laminated glass is widely used in building facades, windows, doors, and skylights in commercial, residential, and institutional buildings across the region.
- It is home to some of the world's fastest-growing economies, leading to significant investments in construction projects. Laminated glass is a preferred choice for architects and builders due to its safety, security, and aesthetic properties. The construction of skyscrapers, shopping malls, hotels, and residential complexes in cities like Shanghai, Beijing, Singapore, and Mumbai fuels the demand for laminated glass.
- Furthermore, according to the latest estimate published by the National Bureau of Statistics of China, in 2022, the construction industry in China generated an output of over CNY 31 trillion.
- Asia-Pacific is the largest automotive market globally, leading in automobile production and sales. Laminated glass is majorly used in automotive windshields for safety and noise reduction. The region's automotive industry's growth further contributes to the demand for laminated glass.
- According to the latest estimate published by the China Association of Automobile Manufacturers (CAAM), China produced approximately 210,000 commercial vehicles and 996,000 passenger cars as of April 2022. The industry produced a total of 1.2 million vehicles during the month.
- According to the estimate released by the Ministry for Economy, Trade, and Industry (Meti), Japan, in 2022, the production value of motor vehicles by the automotive industry in Japan was approximately JPY 19.29 trillion (USD 0.13 trillion), increasing from around JPY 17.65 trillion (USD 0.12 trillion) in the previous year.
- In the coming years, all of this is expected to have a significant impact on the growth of the region's market.
Laminated Glass Industry Overview
The laminated glass market is partially consolidated in nature. Some of the major players in the market (not in any particular order) include Saint-Gobain, AGC Glass Europe, Guardian Industries Holdings, Nippon Sheet Glass Co. Ltd, and Fuyao Glass Industry Group Co. Ltd.
Laminated Glass Market Leaders
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Saint-Gobain
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Nippon Sheet Glass Co., Ltd
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Guardian Industries Holdings
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Fuyao Glass Industry Group Co., Ltd.
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AGC Glass Europe
*Disclaimer: Major Players sorted in no particular order
Laminated Glass Market News
- February 2023: Saint-Gobain and AGC collaborated on the development of a pilot breakthrough flat glass line that is intended to cut direct CO2 emissions significantly. In the framework of this research and development project, AGC's patterned glass production line in Barevka, Czech Republic, will be completely transformed into a high-performing, cutting-edge production line, which will be 50% electrified and 50% fueled by a combination of oxygen and gas.
- January 2023: AGC Inc. commenced a trial of cloud-based data linking of glass types and quantities between supply chains utilizing "R7," a unique glass quoting system developed by AGC Group company AGC Amenitech Co. Ltd. Full-scale operations were expected to begin in the first half of 2023. Through DX activities across the supply chain, AGC will encourage work style transformation in the architectural glass industry.
Laminated Glass Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Application in Replacement of Bricks with Structural Glass
- 4.1.2 Advancements in Technology
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4.2 Restraints
- 4.2.1 High Cost of Manufacturing
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 By Type
- 5.1.1 Polyvinyl Butyral (PVB)
- 5.1.2 Sentryglas Plus (SGP)
- 5.1.3 Ethylene-vinyl Acetate (EVA)
- 5.1.4 Other Types (Ionoplast, Fire-Rated Laminated Glass)
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5.2 By End-user Industry
- 5.2.1 Automotive
- 5.2.2 Building and Construction
- 5.2.3 Electronics
- 5.2.4 Other End-user Industries (Security and Defense)
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5.3 By Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Thailand
- 5.3.1.6 Malaysia
- 5.3.1.7 Indonesia
- 5.3.1.8 Vietnam
- 5.3.1.9 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Spain
- 5.3.3.6 Turkey
- 5.3.3.7 Russia
- 5.3.3.8 NORDIC Countries
- 5.3.3.9 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Colombia
- 5.3.4.4 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Nigeria
- 5.3.5.4 Egypt
- 5.3.5.5 Qatar
- 5.3.5.6 United Arab Emirates
- 5.3.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/ Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 AGC Inc.
- 6.4.2 Asahi India Glass Limited
- 6.4.3 CARDINAL GLASS INDUSTRIES INC.
- 6.4.4 Central Glass Co. Ltd
- 6.4.5 Fuyao Group
- 6.4.6 GSC GLASS LTD
- 6.4.7 Guardian Industries Holdings
- 6.4.8 Nippon Sheet Glass Co. Ltd
- 6.4.9 Saint-Gobain
- 6.4.10 Stevenage Glass Company Ltd
- 6.4.11 Taiwan Glass Ind. Corp.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Urbanization in Developing Countries
- 7.2 Rising Demand from the Automotive Sector
Laminated Glass Industry Segmentation
Laminated glass is a type of safety glass. It is composed of more than one layer of glass bonded together by an interlayer. The layers of glass are permanently bonded using heat and pressure, resulting in a single solid unit. The primary feature of laminated glass is its ability to remain intact when shattered. In the case of breakage, the interlayer of glass holds the glass fragments together, thus preventing them from scattering and reducing the risk of injury. This property makes laminated glass suitable for applications where safety and security are paramount.
The laminated glass market is segmented by type, end-user industry, and geography. By type, the market is segmented into polyvinyl butyral (PVB), sentryglas plus (SGP), ethylene-vinyl acetate (EVA), and other types (ionoplast and fire-rated laminated glass). By end-user industry, the market is segmented into automotive, building and construction, electronics, and other end-user industries (security and defense). The report also covers the market size and forecasts for the market in 27 countries across the globe. For each segment, the market sizing and forecasts were made on the basis of value (USD).
| By Type | Polyvinyl Butyral (PVB) | |
| Sentryglas Plus (SGP) | ||
| Ethylene-vinyl Acetate (EVA) | ||
| Other Types (Ionoplast, Fire-Rated Laminated Glass) | ||
| By End-user Industry | Automotive | |
| Building and Construction | ||
| Electronics | ||
| Other End-user Industries (Security and Defense) | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Thailand | ||
| Malaysia | ||
| Indonesia | ||
| Vietnam | ||
| Rest of Asia-Pacific | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Turkey | ||
| Russia | ||
| NORDIC Countries | ||
| Rest of Europe | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Colombia | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| Nigeria | ||
| Egypt | ||
| Qatar | ||
| United Arab Emirates | ||
| Rest of Middle East and Africa |
Laminated Glass Market Research FAQs
How big is the Laminated Glass Market?
The Laminated Glass Market size is expected to reach USD 20.62 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 26.83 billion by 2029.
What is the current Laminated Glass Market size?
In 2024, the Laminated Glass Market size is expected to reach USD 20.62 billion.
Who are the key players in Laminated Glass Market?
Saint-Gobain, Nippon Sheet Glass Co., Ltd, Guardian Industries Holdings, Fuyao Glass Industry Group Co., Ltd. and AGC Glass Europe are the major companies operating in the Laminated Glass Market.
Which is the fastest growing region in Laminated Glass Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Laminated Glass Market?
In 2024, the Asia-Pacific accounts for the largest market share in Laminated Glass Market.
What years does this Laminated Glass Market cover, and what was the market size in 2023?
In 2023, the Laminated Glass Market size was estimated at USD 19.59 billion. The report covers the Laminated Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Laminated Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Laminated Glass Industry Report
Statistics for the 2024 Laminated Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Laminated Glass analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
