Market Introduction
The North America 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. Bulletproof glass is an essential element of security systems. It is used in residential buildings, defense vehicles, premium vehicles, cash trucks, and other such application areas. It is constructed by using layers of laminated glass, which is made up of multiple or thick layers of glass and interlayers that are designed to withstand bullets. Depending on the thickness of the glass and the materials used, various layers and thicknesses can create an impact-resistant glass that can survive the force of certain bullets fired from a handgun or rifle. Bulletproof laminated glass is available for a wide range of applications as such a glass increases protection levels for higher-risk facilities and institutions. Rising concerns regarding safety and security across the region is likely to create a demand for bulletproof laminated glass, thus, providing opportunities for the market growth over the next few years.
The US has the highest number of confirmed COVID-19 cases among all key countries in the region. This has negatively impacted the overall manufacturing processes, research, and development activities. However, on May 26, 2021, 288 million doses have been administered in the US, and the governments are also planning to revive their operations soon. Slowly and gradually, manufacturing units are being operationalized and various industries are recovering, which will positively impact the laminated glass market. For instance, construction activities in the US are deemed an essential service. In particular, the US saw an increase in residential construction activities in 2020. According to the US Census Bureau, new private home projects were up 6.7% over 2019, a trend that is expected to continue. Thus, the recovering construction and automotive industries will increase the demand for laminated glass in the upcoming years.
Market Overview and Dynamics
The laminated glass market in North America is expected to grow from US$ 3,023.18 million in 2021 to US$ 4,277.03 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The rising awareness about multiple advantages of laminated glass in commercial and industrial applications is adding to its demand. Various benefits of using laminated glass include safety, security, reduced noise pollution, reduced emissions, UV control, weather/natural disasters protection, durability, and design versatility. The strength of a laminated glass can be up to five times than that of an ordinary glass. The main advantage of laminated glass is its robust performance under harsh impact. Under any such circumstance, a laminated glass may break, but its fragments remain firmly attached to the interlayer. It does not shatter like ordinary glass, ensuring safety and reducing the risk of injuries. Hence, there is a high demand for laminated glass due to its shatterproof properties. Another benefit of laminated glass is its ability to provide increased security to a business or property. It is designed to withstand bullets and bomb blasts, using multiple or thick layers of glass and interlayer. It causes noise waves to become disrupted when they travel through the material, helping reduce noise pollution. Due to this, laminated glass is extensively used in high-traffic areas and urban cities with a high level of noise pollution. Moreover, laminated glass blocks 99 % of the UV-light transmission. Laminated glass also finds significant usage in the automotive industry due to its various advantages, such as resistance to shattering, soundproofing, and high strength. The continued expansion in the automobile industry has boosted the demand for laminated glass. Furthermore, there is an increasing demand for customized architectural glass.
Key Market Segments
Based on material type, the polyvinyl butyral segment accounted for the largest share of the North America laminated glass market in 2020. Based on application, the building and construction segment accounted for the largest share of the North America 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 North America 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
North America Laminated Glass Market Segmentation
North America Laminated Glass Market – By Material Type
North America Laminated Glass Market – By Application
North America Laminated Glass Market – By Country
North America Laminated Glass Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,023.18 Million |
| Market Size by 2028 | US$ 4,277.03 Million |
| CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Laminated Glass Market is valued at US$ 3,023.18 Million in 2021, it is projected to reach US$ 4,277.03 Million by 2028.
As per our report North America Laminated Glass Market, the market size is valued at US$ 3,023.18 Million in 2021, projecting it to reach US$ 4,277.03 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The North America 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 North America Laminated Glass Market report:
The North America Laminated Glass Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Laminated Glass Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Laminated Glass Market value chain can benefit from the information contained in a comprehensive market report.
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