Global Laminated Glass Market: Key Insights and Restraints Overview by VynZ Research


Posted May 6, 2023 by WorldNews24

VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow.

 
The global laminated glass market is expected to grow at a significant rate in the coming years, driven by the increasing demand for safety and security in various industries. According to a report by VynZ Research, the market was valued at USD 20.2 billion in 2020 and is projected to reach USD 28.4 billion by 2027, growing at a CAGR of 6.1% during the forecast period of 2021-2027.

Laminated glass is a type of safety glass that is composed of two or more layers of glass that are bonded together with a layer of polyvinyl butyral (PVB) or ethylene-vinyl acetate (EVA) interlayer. This type of glass provides increased strength and safety, making it ideal for use in various industries such as construction, automotive, and aerospace.

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The increasing demand for laminated glass in the construction industry is one of the major factors driving the growth of the market. With the growing focus on safety and security in buildings, laminated glass is being widely used for windows, doors, skylights, and other applications. Additionally, the increasing demand for energy-efficient buildings is also driving the demand for laminated glass, as it can help reduce energy consumption by providing better insulation.

The chemicals industry is also a major user of laminated glass, as it is used for windshields and other windows in vehicles. The increasing demand for safer and more durable vehicles is driving the demand for laminated glass in this industry. The aerospace industry is also a significant user of laminated glass, as it is used for cockpit windows and other applications.

Geographically, the Asia-Pacific region is expected to dominate the laminated glass market during the forecast period. The increasing demand for laminated glass in the construction industry, as well as the growing automotive industry in countries such as China and India, are driving the growth of the market in this region.

Key players in the global laminated glass market include Saint-Gobain S.A., AGC Inc., Nippon Sheet Glass Co., Ltd, Central Glass Co., Ltd., glassonweb.com (Sisecam Group), Taiwan Glass Industry Corporation, GUARDIAN INDUSTRIES, Xinyi Glass Holdings Limited, Schott AG, and fuyaogroup.com (Fuyao Glass Industry Group).

In conclusion, the global laminated glass market is poised for significant growth in the coming years, driven by the increasing demand for safety and security in various industries. The construction, automotive, and aerospace industries are expected to be major users of laminated glass, and the Asia-Pacific region is expected to dominate the market during the forecast period.

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VynZ Research assists enterprises in take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares, and anticipated new trends & technologies arising across a wide range of industries.
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Last Updated May 6, 2023