Market Introduction
The Europe laminated glass market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The use of glass as a structural element in mainstream building projects is becoming more popular. Nowadays, interior elements include more glass than ever before, creating substantial demand for laminated glass. Laminated glass finds extensive application various interior and exterior applications in the building & construction industry, such as railing and handrail, floor, partition, interior door and front door, indoor or outdoor signage, and frontage. Laminated glass is quite suitable in creating a modern and comfortable interior space. It also helps in designing spaces that are bright, spacious, and safe at the same time. All these factors are boosting the demand for laminated glass across the region. Furthermore, the need for complex glazing solutions in modern architectural designs has increased the demand for laminated glass as it supports creativity by bringing innovation to buildings and structures. Several emerging economies are focusing on constructing modern buildings and structures, creating a requirement for modern equipment and, in turn, aiding the growth of the 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.
Market Overview and Dynamics
The laminated glass market in Europe is expected to grow from US$ 6,515.75 million in 2021 to US$ 9,556.08 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028. Glass manufacturers strive to develop improved solutions to suit the demand for safer glazing products for various applications. Players in this market are focusing on providing innovative products in response to an ever-increasing demand for laminated glass. There have been advancements in interlayers over time to expand the overall performance of laminated glass. Market players are focusing actively on developing interlayers that provide exciting features, such as enhanced mechanical properties and better acoustic performance. For instance, in 2019, Trosifol launched the next generation of its SentryGlas ionoplast interlayer. The new product, SentryGlas Xtra, improves lamination processing efficiency and removes a number of the processing requirements placed on laminators.
Key Market Segments
Based on material type, the polyvinyl butyral segment accounted for the largest share of the Europe laminated glass market in 2020. Based on application, the building and construction segment accounted for the largest share of the Europe laminated glass market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe laminated glass market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include 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.
Reasons to buy report
Europe Laminated Glass Market Segmentation
Europe Laminated Glass Market – By Material Type
Europe Laminated Glass Market – By Application
Europe Laminated Glass Market – By Country
Europe Laminated Glass Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 6,515.75 Million |
| Market Size by 2028 | US$ 9,556.08 Million |
| CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Laminated Glass Market is valued at US$ 6,515.75 Million in 2021, it is projected to reach US$ 9,556.08 Million by 2028.
As per our report Europe Laminated Glass Market, the market size is valued at US$ 6,515.75 Million in 2021, projecting it to reach US$ 9,556.08 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The Europe Laminated Glass Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Laminated Glass Market report:
The Europe Laminated Glass Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Laminated Glass Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Laminated Glass Market value chain can benefit from the information contained in a comprehensive market report.
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