According to a new report published by Reports Monitor titled, “Global Laminated Glass Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Laminated Glass Market is growing rapidly from 2017 to 2025.
Laminated glass is mainly used for safety and security purposes. It is manufactured by sandwiching a laminated sheet between two pieces of glass. The laminated sheet is generally polyvinyl butryl (PVB) which helps in sticking when glass is broken. It is designed to prevent the shattering of glass, thereby ensuring safety. The high strength offered by the material increases its demand in building and construction, hence holding the major share. Additionally, it is also used in automotive and transport sector to provide passenger safety.
Increased adoption of laminated glass in the building and construction sector, owing to the benefits such as security, safety and energy savings majorly drive the market growth. Strict norms and regulations regarding the passenger safety in the automobile have facilitated the increased adoption of laminated glass owing to higher strength. This factor also contributes in boosting the growth of laminated glass market. However, the higher cost involved in raw materials and processing may slow down the market growth.
This report provides a detailed analysis of Laminated Glass market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
The laminated glass market is majorly segmented on the basis of interlayer and end-use. Based on the interlayer used, market is segmented into: polyvinyl butryl, ionoplast polymer and others, while on the basis of end-use, market is bifurcated into: building and construction, automotive and others.
The regional analysis of laminated glass market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the following regions, Europe is anticipated to hold the major market share. Asia Pacific is expected to emerge as a fastest growing region mainly due to the increased adoption of laminated glass in the automotive sector. Presence of major automotive players and immense investment in the infrastructure development also drives the market growth.