The Building and Construction Segment to Dominate Europe Laminated Glass Market during 2021-2028

According to a new market research study on “Europe Laminated Glass Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Material Type, Application and Country,” is expected to reach US$ 9,556.08 million by 2028 from US$ 6,515.75 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the Europe laminated glass market along with the drivers and restraints pertaining to the market growth. Increasing application in building & construction industry, and various advantages associated with laminated glass are major factors driving the growth of the Europe laminated glass market. However huge cost of laminated glass may hinder the growth of Europe laminated glass market.

Initially, the member states had implemented drastic measures and travel restrictions, including partially closing their borders that impacted the import and export of products. Several industrial bases such as electronics, automotive, and construction have been impacted by the pandemic, reducing the demand for laminated glass in the regional market. The gradual relaxation of lockdown restrictions in certain countries in Europe will facilitate the recovery of various industries and logistics operations. It will have a positive impact on the laminated glass market. The European Automobile Manufacturers’ Association (ACEA) forecasts that the automotive industry will start to recover in 2021, with sales rising by about 10% compared to 2020. Thus, the recovering automotive industry will positively impact the laminated glass market.

The market for Europe laminated glass is segmented into material type, application and country. Based on material type, the market is segmented into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer, aliphatic TPU, and others. In 2020, the polyvinyl butyral segment held the largest share in Europe laminated glass market. Based on application, the Europe laminated glass market is divided into building and construction, automotive, electronics, solar panels, and others. The automotive segment is expected to be the fastest growing segment over the forecast period. Based on country, the Europe laminated glass market is segmented into Germany, France, Italy, Spain, UK, Russia and rest of Europe. In 2020, Germany held the largest share in Europe laminated glass market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe laminated glass market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for laminated glass.

Asahi India Glass Limited; Cardinal Glass Industries, Inc.; Central Glass Co., Ltd.; Fuyao Group; Guardian Glass LLC.; Press Glass SA; SCHOTT AG; Saint Gobain S.A. and Xinyi Glass Holdings Limited are some of the leading companies in the Europe laminated glass market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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