LAMINATED GLASS MARKET ANALYSIS

Laminated Glass MarketSize and Trends

Market Dynamics

The global laminated glass market is anticipated to grow in the forecast period due to the increased construction industry worldwide. The increased car safety standards is also the main reason to drive the global laminated glass market. Furthermore, investments in infrastructure projects in the Middle East and Africa, as well as Asia-Pacific, are expected to provide growth opportunities for the laminated glass market during the forecast period. Increased investments by a number of car manufacturers is expected to improve laminated glass demand in Asia Pacific. For instance, according to a press release of business standards in 2018, India got US$ 16.5 billion in Foreign Direct Investment (FDI) for the automotive sector between April 2000 and December 2016, and the country is likely to receive another US$ 8-10 billion by 2023.

The global laminated glass market has also increased in terms of usage due to the increasing awareness among people about the advantages of utilizing safety glass in construction and building industry. Safety, security, greater durability, soundproofing, and other benefits are all provided by laminated glasses. Due to the greater safety and security offered by laminated glasses, several end-user industries such as telecom, healthcare, aerospace, and electronics are investing in laminated glasses. For its strength, impact resistance, sound reduction, cyclone and earthquakes resistance, bullet resistance, and other properties, laminated glasses are frequently installed. The construction industry's demand for laminated glass is increasing exponentially. In addition, the automotive industry has seen an increase in demand for laminated glasses.