Report : South and Central America Laminated Glass Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Polyvinyl Butyral, Ethyl Vinyl Acetate, Ionoplast Polymer, Aliphatic TPU, and Others) and Application (Building and Construction, Automotive, Electronics, Solar Panels, and Others)
The Polyvinyl Butyral Segment to Dominate South and Central America Laminated Glass Market during 2021-2028
According to a new market research study on “South and Central America Laminated Glass Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Material Type, Application and Country,” is expected to reach US$ 1,166.29 million by 2028 from US$ 923.86 million in 2021. The market is estimated to grow at a CAGR of 3.4% from 2021 to 2028. The report provides trends prevailing in the South and Central America laminated glass market along with the drivers and restraints pertaining to the market growth. Rise in incorporation into building & construction industry, and several benefits associated with the usage of laminated glass are major factors driving the growth of the South and Central America laminated glass market. However expensive laminated glass may hinder the growth of South and Central America laminated glass market.
The governments of South and Central America have taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may directly impact the growth of the laminated glass market due to significant disruptions in the sourcing of raw materials from suppliers and temporary closures of the manufacturing base due to indefinite lockdowns and temporary quarantines. However, the demand for laminated glass is expected to increase in the region as the economies are recovering and vaccination drives are being organized.
The market for South and Central America 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 South and Central America laminated glass market. Based on application, the South and Central America 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 South and Central America laminated glass market is segmented into Brazil, Argentina and rest of South and Central America. In 2020, rest of South and Central America held the largest share in South and Central America laminated glass market. Furthermore, in this present scenario of COVID 19 pandemic, the South and Central America laminated glass market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South and Central America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for laminated glass.
Asahi India Glass Limited; Central Glass Co., Ltd.; Guardian Glass LLC.; SCHOTT AG; and Saint Gobain S.A. are some of the leading companies in the South and Central America 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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