Portland, OR, Feb. 23, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global laminated glass market was estimated at $19.3 billion in 2021 and is expected to hit $34.4 billion by 2031, registering a CAGR of 6.1% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $19.3 Billion |
| Market Size in 2031 | $34.4 Billion |
| CAGR | 6.1% |
| No. of Pages in Report | 394 |
| Segments Covered | Material Type, Application, End-Use Industry, and Region. |
| Drivers | Rise in the use of laminated glass in various sectors |
| Surge in demand for solar energy technology | |
| Restraints | Emergence of several alternative solutions |
| Maintenance and installation cost | |
| Opportunities | Growing R&D activities |
Covid-19 scenario-
- Although the pandemic negatively impacted the global laminated glass market in the initial period, high demand from various end-use industries such as construction, automobile, aviation, healthcare, electronics, and others has helped the market recoup fast.
- Also, the growing infrastructural development boosted the market growth post-pandemic.
The global laminated glass market is analyzed across material type, application, end-use industry, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By material type, the polyvinyl butyral segment held the highest share in 2021, garnering more than two-fifths of the global laminated glass market revenue. The lonoplast polymer segment, on the other hand, would showcase the fastest CAGR of 6.3% throughout the forecast period.
By application, the residential buildings segment contributed to more than one-fourth of the global laminated glass market share in 2021, and is projected to rule the roost by 2031. The same segment would also display the fastest CAGR of 6.42% throughout the forecast period. The automobile windshields, bank security & ATM booths, and jewellery shops segments are also discussed in the report.
By end-use industry, the building and construction segment accounted for the highest share in 2021, generating nearly two-fifths of the global laminated glass market revenue. The automotive segment, on the other hand, would portray the fastest CAGR of 6.34% during the forecast period. The solar panels segment is also analyzed through the study.
By region, Asia-Pacific held the major share in 2021, garnering nearly one-third of the global laminated glass market revenue. North America, simultaneously, would showcase the fastest CAGR of 6.45% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA.
The key market players analyzed in the global laminated glass market report include Asahi India Glass Limited., CSG HOLDING CO.,LTD., AGC Inc., FUSO, Guardian Industries, Sisecam and Xinyi Glass Holdings Limited, PRESS GLASS Holding SA, Saint-Gobain S.A., and Central Glass Co., Ltd. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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