Laminated Glass Global Market Report 2022

Major players in the laminated glass market are Saint-Gobain S.A., Fuyao Glass Industry Group Co. Ltd., Asahi India Glass Ltd., Guardian Industries, Taiwan Glass Group, Xinyi Glass Holdings Limited, Nippon Sheet Glass Co. Ltd, Sisecam Group, CSG Holding Co. Ltd., Cardinal Glass Industries Inc, Central Glass Co. Ltd., Schott AG, Flair International, Euroverre Inc, and Gentex Corporation.

The global laminated glass market is expected to grow from $18.83 billion in 2021 to $20.55 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to grow to $27.35 billion in 2026 at a CAGR of 7.4%.

The laminated glass market consists of sales of laminated glass by entities (organizations, partnerships, and sole proprietors) that are manufactured by adhering two or more layers of glass together with a flexible interlayer.Laminated glass is obtained by combining two or more sheets of float/tempered glass with one or more interlayers and is processed by autoclaving at 1400°C and pressure up to 14 bars.

Polyvinyl butyral (PVB) is the most common interlayer used in laminated glass and makes it stronger, tensile safe for further use in various industries such as construction and building, automotive, electronics, and solar panels.

The main types of laminated glass are polyvinyl butyral (PVB), sentryglas plus (SGP), ethylene-vinyl acetate (EVA) and others.Polyvinyl butyral (PVB) is a resin that is commonly used in applications requiring binding, optical clarity, adhesion to glass surfaces, toughness, and flexibility.

PVB is most commonly used as an interlayer in laminated safety glass for architectural purposes and automotive windscreens. The various interlayer used in laminated glass includes polyvinyl butyral, ionoplast polymer, others and are used for building and construction, automotive, electronics, solar panels and other applications.

Asia Pacific was the largest region in the laminated glass market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The high demand for laminated glass from the construction sector will contribute to the growth of the laminated glass market.In the construction sector, the growing trend of replacing cement, brick, and granite building exteriors with glass is resulting in a spurt in demand for laminated glass.

Laminated glass is gradually finding use in edifices and residential homes owing to its attributes of strength, sound reduction, and impact resistance. For instance, the global construction market is expected to reach $15.2 trillion by 2030, according to Future of Construction, a forecast produced by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter. Hence, the significant growth in the construction sector coupled with the high demand for laminated glass will propel the growth of the market during the forecast period.

Technological advancement is a key trend gaining popularity in the laminated glass market.Companies manufacturing laminated glass are introducing or acquiring new technologies to develop features for new applications in the aerospace and automotive sector.

For instance, in October 2021, Gentex Corporation, a US-based provider of high-tech electronic products for the automotive, aerospace, and commercial fire protection industries, announced the acquisition of a novel laminating technology that produces long-lasting, lightweight, ultra-thin glass for aircraft cabin partitions, mirrors, and wood veneer applications.Gentex acquired Air-Craftglass, a Belgian startup founded to develop glass solutions for private and commercial aircraft, in 2020, and included the new laminating technology and related patents.

The company eventually created a lightweight, chemically strengthened, thin-glass laminate that outperforms polycarbonate structures in terms of noise reduction, durability, UV resistance, antibacterial performance, and flame/smoke resistance.

In October 2020, Eastman Chemical Company, an America-based advanced materials and specialty additives company and Guardian Industries, a US-based industrial manufacturer of glass, automotive and building products, announced their partnership to develop Eastman’s new Saflex Crystal Clear PVB interlayer, which is used in the new Guardian UltraClear LamiGlass Neutral.The collaboration addresses a critical issue for both companies’ end customers, who have a high demand for products with a neutral and transparent appearance.

Eastman and Guardian Glass are collaborating to meet the growing demand for high-quality color-neutral glass products for the premium segment of the residential and commercial building markets. The building envelope (e.g., facades, windows, skylights, exterior doors, shop fronts, shop windows, etc.) and interior design are the two main areas of application for Guardian UltraClear with the Crystal Clear interlayer (e.g. partitions, interior doors, balustrades, stairs and railings, furniture, etc).

The countries covered in the Laminated Glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.