Market Size of Laminated Glass Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2022 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Laminated Glass Market Analysis
The laminated glass market is projected to register a CAGR of more than 5% during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market.However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The rising application of laminated glass in replacing bricks in the construction sector and the growing need for safety and thermal and isolation properties in buildings are the key factors for the market's growth.
- Production of laminated glass is more expensive than regular windows because a lot of steps are involved in the manufacturing process, which is expected to hinder market growth.
- Also, the trend of people moving to cities is expected to give the laminated glass market more chances to grow.
- Asia-Pacific has the highest growth rate because countries like China, India, and Japan are getting more and more of what they want.