Los Angeles, November 5, 2019 –QY Research has announced the release of a new report on the global laminated glass market. Titled “Global (United States, European Union, and China) Laminated Glass Market Research Report 2019-2025,” the report sheds light on top regions and segments, leading players, and important factors impacting the global market growth. According to the report, the global laminated glass production value is predicted to touch over US$14.0 Bn by the end of 2025. In 2018, it reached over US$11.0 Bn. The global laminated glass production value is predicted to grow at a rate of 3.55% between 2020 and 2025.
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Use of Laminated Glass in Hurricane-resistant Construction Anticipated to Boost Demand
Global demand for laminated glass is expected to improve in the coming years mainly due to its safety features that help it to find important use in residential as well as commercial construction applications. In some countries, laminated glass is used in hurricane-resistant constructions. It has the ability to protect against tough weather conditions and attempted break-ins. Its ‘spider web’ cracking pattern helps protect people against damage after it breaks. However, expensive price of raw materials could restrict the growth of the global laminated glass market to some extent.
Laminated Glass Finds Application in Residential and Commercial Construction
On the basis of type, the global laminated glass market is segmented into SentryGlas Plus (SGP), ethylene-vinyl acetate (EVA), polyvinyl butyral (PVB), and others. By application, the global laminated glass market is segmented into automotive, home and office, construction, and others. SGP laminated glass is able to resist yellowing discoloration due to long-term use, withstand the effects of external climate change, and has high tear resistance.
Laminated glass could be used as a safety glass in homes and offices because of its greater hardness, breakage resistance, high UV resistance, and other features. In the automotive industry, automakers could use laminated glass for windshields and side windows of vehicles to reduce external noise and improve the safety of drivers and passengers.
Strong Demand in Building and Construction Likely to Help Asia Pacific Gain Growth
According to market experts, Asia Pacific is anticipated to secure a large share of the global laminated glass market due to increase in building and construction activities. Renovation of building structures and modernization of residential and commercial constructions could play a role in creating demand for laminated glass in the region. High growth of the automotive industry could also promise rewarding market opportunities in the region. Laminated glass finds application in panoramic sunroof of cars. Japan, China, and India are expected to remarkably contribute to the growth of the Asia Pacific laminated glass market.
Manufacturers Expected to Adopt Latest Technology to Offer More Advanced Products
Some of the leading players of the global laminated glass market are AGC Glass, Lami Glass, Saint-Gobain, JE Berkowitz, Guardian, CSG Holding, Carey Glass, Nippon Sheet Glass, Benxi Yujing Glass, Vitro Architectural Glass, Schott, Şişecam Group, Viridian, Fuyao Group, and Taiwan Glass.
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