Market Size of Laminated Glass Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 20.62 Billion |
| Market Size (2029) | USD 26.83 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Laminated Glass Market Analysis
The Laminated Glass Market size is estimated at USD 20.62 billion in 2024, and is expected to reach USD 26.83 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
COVID-19 had a detrimental effect on the laminated glass market. Like many industries, the laminated glass market experienced a slowdown in the early stages of the pandemic. This occurred due to disruptions in supply chains, labor shortages, and decreased construction activity. As lockdown measures eased and construction activities resumed, the demand for laminated glass picked up. Construction projects that were delayed or put on hold due to the pandemic restarted, driving demand for glass products, including laminated glass, for use in residential, commercial, and infrastructure projects.
- The increasing application of laminated glass in replacing bricks with structural glass in the construction sector and the advancement in technology are the key factors that are driving the laminated glass market.
- Laminated glass is more expensive than other regular windows because of the number of steps taken to produce it, which is likely to hamper market growth.
- Also, the rapid urbanization in developing countries and the rising demand for laminated glasses from the automotive sector are expected to provide various opportunities to market players.
- Due to the fact that countries like China, India, and Japan are critical consumers of laminated glass, Asia-Pacific has a high growth rate.
