Market Forecast By Countries (United States, Canada), By Type (Polyvinyl Butyral (PVB), Sentryglas Plus (SGP), Ethylene-vinyl Acetate (EVA), Other Types), By End-user Industry (Automotive, Building and Construction, Electronics, Other End-user Industries) And Competitive Landscape
Product Code: ETC403789 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Laminated Glass Market |
Forecast period | 2024-2030 |
CAGR | 6.5% |
Growing Sector | Automotive |
The North America Laminated Glass Market report provides a comprehensive evaluation by types, end-user industry segments. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Laminated Glass Market is experiencing notable growth due to increasing applications in automotive and construction industries. Key trends include rising demand for enhanced safety features and energy-efficient building materials. Growth is driven by advancements in glass lamination technology and the increasing adoption of smart glass solutions. However, challenges such as high production costs and fluctuating raw material prices persist.
According to 6wresearch, the North America Laminated Glass Market is anticipated to grow at a robust CAGR of 6.5% during the forecast period 2024-2030. The North America Laminated Glass Market is propelled by technological advancements in lamination processes and increased safety regulations in automotive and construction sectors. Innovations such as improved interlayers and smart glass technologies have enhanced the functionality and durability of laminated glass products. Additionally, the rising consumer demand for energy-efficient building materials and the automotive industry's focus on safety and reduction of UV radiation penetration are significant growth drivers.
Several challenges may impede the growth of the North America Laminated Glass Market. High production costs due to sophisticated manufacturing processes and the need for quality control are key obstacles. Additionally, the market faces intense competition from alternative glass solutions, as well as price volatility of raw materials like polyvinyl butyral (PVB) and ethylene-vinyl acetate (EVA). These factors collectively pose risks to market expansion and profitability.
Leading players in the North America Laminated Glass Market include prominent companies like Asahi Glass Co. Ltd. (AGC), Saint-Gobain, and PPG Industries, Inc. These organizations are recognized for their advanced product ranges, consistent innovation, and commitment to high-quality standards. Their strong market presence and investment in research and development enable them to cater effectively to diverse customer requirements and drive market growth.
Several government initiatives support the growth of the North America Laminated Glass Market, such as the Energy Policy Act and the Sustainable Building Program. These programs provide incentives for the adoption of energy-efficient and safety-enhancing glass solutions. Additionally, the Federal Motor Vehicle Safety Standards (FMVSS) enforce stringent safety regulations, boosting the demand for laminated glass in the automotive sector. These policies are designed to promote energy conservation, safety, and innovation within the industry.
The future of the North America Laminated Glass Market looks promising, driven by ongoing technological advancements and increasing sustainability practices. Emerging trends include the development of smart laminated glass and its applications in the automotive and construction sectors. Despite challenges like raw material price volatility and competition from alternative materials, strategic investments and supportive government policies are expected to foster steady market growth. The market is poised for expansion with a surge in demand across diverse applications.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States is the leading country experiencing robust growth within the North America Laminated Glass Market. This growth is propelled by the country's advanced automotive and construction industries, which heavily incorporate laminated glass for safety and energy efficiency purposes. The presence of major manufacturers, strong research and development initiatives, and supporting government policies further enhance the market's expansion. Additionally, rising consumer awareness regarding the benefits of laminated glass contributes to its increasing adoption across various sectors, solidifying the United States' role as a key driver in market dynamics.
The Polyvinyl Butyral (PVB) segment is currently experiencing robust growth within the North America Laminated Glass Market. This growth is fueled by the material's superior bonding qualities, which make it highly effective in enhancing the impact resistance and sound insulation of laminated glass. PVB is extensively used in automotive and architectural applications due to its clarity, flexibility, and durability. Moreover, consistent technological innovations and the rising demand for energy-efficient and safe building materials are further propelling the growth of the PVB segment, establishing it as a key player in the market.
The automotive segment is currently experiencing robust growth within the North America Laminated Glass Market. The increasing focus on enhancing vehicle safety and comfort, coupled with stringent regulations, is driving the demand for laminated glass in this sector. Innovations such as the integration of smart glass technology, which offers benefits like glare reduction and improved thermal insulation, are further boosting the automotive segment. As consumers and manufacturers prioritize safety and energy efficiency, the automotive industry remains a significant contributor to the marketโs overall growth.
The report offers a comprehensive study of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Laminated Glass Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Laminated Glass Market Revenues & Volume, 2020 & 2030F |
3.3 North America Laminated Glass Market - Industry Life Cycle |
3.4 North America Laminated Glass Market - Porter's Five Forces |
3.5 North America Laminated Glass Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Laminated Glass Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 North America Laminated Glass Market Revenues & Volume Share, By End-user Industry, 2020 & 2030F |
4 North America Laminated Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Laminated Glass Market Trends |
6 North America Laminated Glass Market, 2020 - 2030 |
6.1 North America Laminated Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 North America Laminated Glass Market, Revenues & Volume, By End-user Industry, 2020 - 2030 |
7 United States Laminated Glass Market, 2020 - 2030 |
7.1 United States Laminated Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 United States Laminated Glass Market, Revenues & Volume, By End-user Industry, 2020 - 2030 |
8 Canada Laminated Glass Market, 2020 - 2030 |
8.1 Canada Laminated Glass Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 Canada Laminated Glass Market, Revenues & Volume, By End-user Industry, 2020 - 2030 |
9 North America Laminated Glass Market Key Performance Indicators |
10 North America Laminated Glass Market - Opportunity Assessment |
10.1 North America Laminated Glass Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Laminated Glass Market Opportunity Assessment, By Type, 2020 & 2030F |
10.3 North America Laminated Glass Market Opportunity Assessment, By End-user Industry, 2020 & 2030F |
11 North America Laminated Glass Market - Competitive Landscape |
11.1 North America Laminated Glass Market Revenue Share, By Companies, 2023 |
11.2 North America Laminated Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |