Laminated Glass Market Size (2024 - 2029)

The laminated glass market is projected to experience significant growth over the forecast period, driven by its increasing application in construction and advancements in technology. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and construction activities, demand has rebounded as projects resumed. The market's expansion is supported by the shift towards using laminated glass in place of traditional materials and the rising demand from the automotive sector, particularly in rapidly urbanizing regions like Asia-Pacific. However, the higher production costs of laminated glass compared to standard windows may pose challenges to market growth.

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Market Size of Laminated Glass Industry

Laminated Glass Market Summary
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

Laminated Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Turkey
Russia
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Nigeria
Egypt
Qatar
United Arab Emirates
Rest of Middle East and Africa
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Laminated Glass Market Size Summary

The laminated glass market is poised for significant growth over the forecast period, driven by its increasing application in construction and advancements in technology. The market experienced a slowdown due to the COVID-19 pandemic, which disrupted supply chains and reduced construction activities. However, as these activities resumed, demand for laminated glass surged, particularly in residential, commercial, and infrastructure projects. The material's ability to replace traditional bricks with structural glass in construction is a key driver, although its higher cost compared to regular windows may pose challenges. Rapid urbanization in developing countries and rising demand from the automotive sector present further opportunities for market expansion, with Asia-Pacific emerging as a critical region due to its high consumption rates in countries like China, India, and Japan.

In the automotive industry, laminated glass is increasingly used to enhance passenger comfort by reducing noise transmission and providing UV protection, making it a preferred choice for vehicle manufacturers. The growing popularity of electric vehicles (EVs) offers additional opportunities for laminated glass manufacturers, as these vehicles often feature advanced technologies for safety and energy efficiency. The Asia-Pacific region, being the largest automotive market, significantly contributes to the demand for laminated glass, driven by its robust automotive industry and rapid urbanization. The market is partially consolidated, with major players like Saint-Gobain, AGC Glass Europe, and Guardian Industries Holdings leading the way. Recent collaborations and technological advancements, such as those by Saint-Gobain and AGC, aim to reduce CO2 emissions and enhance production efficiency, further shaping the market landscape.

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Laminated Glass Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application in Replacement of Bricks with Structural Glass

      2. 1.1.2 Advancements in Technology

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Manufacturing

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Type

      1. 2.1.1 Polyvinyl Butyral (PVB)

      2. 2.1.2 Sentryglas Plus (SGP)

      3. 2.1.3 Ethylene-vinyl Acetate (EVA)

      4. 2.1.4 Other Types (Ionoplast, Fire-Rated Laminated Glass)

    2. 2.2 By End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Building and Construction

      3. 2.2.3 Electronics

      4. 2.2.4 Other End-user Industries (Security and Defense)

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Thailand

        6. 2.3.1.6 Malaysia

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Turkey

        7. 2.3.3.7 Russia

        8. 2.3.3.8 NORDIC Countries

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Nigeria

        4. 2.3.5.4 Egypt

        5. 2.3.5.5 Qatar

        6. 2.3.5.6 United Arab Emirates

        7. 2.3.5.7 Rest of Middle East and Africa

Laminated Glass Market Size FAQs

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.

In 2024, the Laminated Glass Market size is expected to reach USD 20.62 billion.

Laminated Glass Market Report Snapshots

Laminated Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)