Laminated Glass Market Size (2024 - 2029)

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).