Laminated Glass Market Expected to Reach $34.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Laminated Glass Market," The laminated glass market size was valued at $19.3 billion in 2021, and is estimated to reach $34.4 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

Laminated glass is made by adhering two or more layers of glass together with a flexible PVB interlayer. This is accomplished by a heat-and-pressure process in which the chemical connection established between the glass and PVB interlayer not only unites them but also conjoins them to generate a wholly new substance.

Typically, laminated glass is utilized for security and safety reasons. This is because the glass does not fall out of the window frame even if it is cracked, due to the PVB layers' ability to make the glass layers adhere to them. The PVB layers lessen the amount of UV rays that enter the home, which lowers the risk of skin conditions.

The rise in use of laminated glass in various sectors have driven the growth of the market. It is used in various shop windows, jewelry stores due to its shatter proof quality. When it comes to offering safety against emergencies like a fire or an earthquake, laminated glass is a useful material to employ in structures.

Compared to regular glass, laminated glass is more fire-resistant, therefore it will take longer for it to break, giving the occupants of the building time to flee. People can pass by windows and exit much safer because during an earthquake, the glass does not immediately shatter and fall out of its frames. This application of laminated glass extends to both residential and commercial spaces.

Laminated glass is frequently used in balcony railings due to its impact resistance and aesthetic appeal. These days, infinity swimming pool, or a pool without boundaries that appears to have water flowing over the edge, is a popular choice. Laminated glass, which is very pressure-resistant and shatter-proof, is typically used to build these pools. Since, laminated glass find its usage in almost every field and is typically used in day-to-day activities, the laminated glass market will show a tremendous rise during the forecast period.

There is an increase in the demand for solar energy technology due to environmental concerns. The solar panels make use of laminated glass owing to the growth of laminated glass market. Business and residential property owners are already looking for novel ways to cut costs and improve the environment. Laminated glass installation cuts down on energy waste. Once installed, it reduces additional costs and money.

For instance, Bent Glass Design offers laminated glass for solar panels, which consists of many panes of glass linked by an interlayer and is durable, especially in situations when the glass is fractured. Superior UV protection, improved sound absorption, and increased energy efficiency are all advantages of laminated safety glass from Bent Glass Design. Owing to these factors, the global market for laminated glass has grown enormously as a result of the rising use of solar energy.

The existence of numerous alternatives hinders the expansion of the laminated glass industry. Laminated glass can be replaced with acrylic and tempered glass. A type of safety glass known as tempered glass is manufactured using chemicals or heat to strengthen the material. Tempered glass is best for usage inside of a home. Tempered glass is utilized in many different commodities, including phone screens, cookware, shower doors, refrigerator trays, and architectural features. It typically costs less than laminated alternatives and requires little maintenance.

Moreover, acrylic is an organic substance that exists in one continuous form. Compared to laminated glass, acrylic offers better thermal insulation. Additionally, because of its superior impact resistance, durability, and adaptability, acrylic is the best material. As a result, deep sea underwater windows are made of acrylic. The market for laminated glass is growing slowly because acrylic and tempered glass are both less expensive and have similar qualities.

The laminated glass market is classified on the basis of material type, application, end-use industry and region. Depending on material type, the market is divided into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer, aliphatic TPU and others (Sentryglas Plus (SGP)). On the basis of application, the market is classified into automobile windshields, bank security and ATM booths, jewelry shops, residential buildings and others (gas stations).

Depending on end-use industry, the laminated glass market is segregated into building and construction, automotive, electronics, solar panels and others. Region wise, the laminated glass market share is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The key players operating in the global laminated glass market are AGC Inc., Asahi India Glass Limited., Central Glass Co., Ltd., CSG HOLDING CO.,LTD., FUSO, Guardian Industries, PRESS GLASS Holding SA, Saint-Gobain S.A., Sisecam and Xinyi Glass Holdings Limited.

Key findings of the study:

• On the basis of material type, polyvinyl butyral (PVB) held the largest share of the laminated glass market in 2021.
• On the basis of application residential buildings accounted for the maximum market share of the global market in 2021.
• On the basis of the end-use industry, building and construction held the largest share in the market in 2021.
• On the basis of region, Asia-Pacific dominated the global market in 2021.