Laminated Glass Market Worth 23.04 Billion USD by 2022
PUNE, India, October 3, 2017 /PRNewswire/ --
According to a new market research report "Laminated Glass Market by Interlayers (Polyvinyl Butyral, Ionoplast Polymer), End-Use Industry (Building & Construction, Automotive), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated to reach USD 23.04 Billion by 2022 from USD 17.20 Billion in 2017, at a CAGR of 6.02%, in terms of value.
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Browse 99 Market Data Tables and 38 Figures spread through 132 Pages and in-depth TOC on "Laminated Glass Market"
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Rising investments in infrastructural development projects in the Middle East and a growing automotive industry in emerging economies such as China, India, Brazil and South Africa is expected to drive the demand for laminated glass in building & construction and automotive industry in the coming years.
Building & construction is estimated to be a larger end-use industry than the automotive segment of the laminated glass market in 2017.
Based on end-use industry, the building & construction industry is estimated to be a larger end-use industry than the automotive segment of the laminated glass market in 2017, in terms of value. The growth of the segment can be attributed to a rapid growth in the construction industry and significant investments in infrastructure projects in the emerging economies such as India, China, Brazil, Russia, and South Africa, among others. The rise in the middle-class population increased disposable income, and stringent governmental regulations for residential and commercial construction are also expected to fuel the demand for laminated glass in the building & construction segment in the coming years.
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Based on interlayers, polyvinyl butyral is estimated to be the largest segment of the laminated glass market in 2017, in terms of volume.
Based on interlayers, polyvinyl butyral led the global laminated glass market in 2017, in terms of volume. Polyvinyl butyral exhibits properties, such as high adhesion, optical clarity, stability to sunlight, high tear resistance, and impact absorbing. The growth of the segment is majorly fueled by the increasing demand for polyvinyl butyral from the automotive sector.
Asia-Pacific is estimated to be the largest market for laminated glass in 2017.
Asia-Pacific is estimated to be the largest market for laminated glass market in 2017, in terms of value. The presence of major automotive manufacturers and growing investments in infrastructural development projects are contributing to the growth of the laminated glass market in this region.
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Key players in the Laminated Glass Market include AGC (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Sisecam (Turkey), Taiwan Glass (Taiwan), Guardian (US), CSG Holdings (China), Fuyao Glass (China), Central Glass (Japan), and Xinyi Glass (Hong Kong).
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