Tinted Laminated Glass Market

According to Stratistics MRC, the Global Tinted Laminated Glass Market is accounted for $8.32 billion in 2022 and is expected to reach $13.42 billion by 2028 growing at a CAGR of 8.29% during the forecast period. Laminated glass can be tinted by various colours to get better the amalgamation properties of final glass commodities. As well, the process of tinting recovers the aesthetic application, that additional helps in acquisition buyer attention for a range of ending applications.

The South Korean government announced a plan to build 8,30,000 houses across the country over the next four years, with 3,23,000 new houses being built in Seoul and 2,93,000 nearby Gyeonggi-do Province and Incheon. According to Global Construction Perspectives and Oxford Economics Construction Outlook 2030, the U.S. construction market is expected to grow faster than China over the next 15 years.



Market Dynamics:

Driver:

Rising Demand from Automotive Industry

Tinted laminated glass is being created to protect in occasion of breaking. While contacted, this type of glass breaks into a representative spider net outline. The interlayer polymer stops glass from breaking into numerous little spiky pieces that acts a significant task in ensuring protection. These days, safety is between the uppermost priorities in automotive sector. Increasing purchasing power of customers in early economies is probable to punctual an increase in demand for commercial as well passenger vehicles. In a proposal to pick up safety principles in their vehicles, automakers are hiring inventive resources such as tinted laminated glass.

Restraint:

Lack of Skilled Labour for Glass Installation

Installation of glass wants skilful manpower and a convinced stage of knowledge in this field. Unique consideration ought to be specified during the installation procedure. The payback of noise decrease is able to only be collected if the glass is installed perfectly. The lack of skilled labour lacking whole information about the glass products and installation procedure leads to poor fixtures and more leads to less significant customer preservation. A new famous reason for scarcity of skilled labour is passage of skilled labour to developed countries in exploration of improved opportunities.

Opportunity:

Environment-friendly Building Materials to Gain Consumer Attention in Future

Among the rising ecological challenges, the ozone layer exhaustion is the most alarming one. Ozone layer attracts the injurious ultraviolet radiation. Inventive materials such as tinted glass with UV absorbing preservatives can efficiently attract a momentous share of harmful radiation approaching from the sun. This includes lessening in UVA and UVB radiations, which are accountable for skin cancer disease. As well, UV rays are able to lose colour of carpets, curtains, and furniture in homes that can be imperfect by adopting laminated glass. Thus, on the rise responsiveness among the universal public concerning building material is probable to improve the implementation of laminated glass and generate innovative market opportunities.

Threat:

Restrictions against Transport Activities

Governments forced quite a few limitations on transport actions during the COVID-19 as the numeral of COVID-19 infections rush forward. The declining developed activity of automobiles has impacted the manufacture of tinted laminated glass. Though, the import and export of vaccines and medical components are probable to hold up the market growth. Governments are energetically participating to facilitate the automotive industry by allowing the conveniences to work at half capacities and leisure
shifts.

Covid-19 Impact

While the commencement of pandemic, manufacturers and other industries have great effort to sustain dependable production and allocation channels. Raw material is necessary to manufacture glass observer strict cost variation due to shortage of supply, and the matter is still continuing in various regions. Owing to limits imposed in different countries one of the main sources for raw materials, such as sand glass, resulted in spectacular fluctuations in raw material prices. On the other hand, the construction & automotive sectors have enhanced significantly after the first hit, although development remainder lower than pre pandemic levels. Several projects that were caught up during the pandemic are anticipated to get back on path.

The acoustic laminated glass segment is expected to be the largest during the forecast period

Based on design, market is classified into UV-film laminated glass, conventional laminated glass, and acoustic laminated glass. Acoustic windshield glasses are majorly beneficial when it comes to the safety and comfort of your drive. Whether it’s for an RV, SUV, commercial vehicle such as an agricultural combine, or an emergency vehicle such as a firetruck, an acoustic glass windshield has some awesome benefits. Acoustic glass is made by laminating two pieces of glass together with a sound-blocking PVB (Polyvinyl Butyral) membrane. The membrane absorbs high-frequency sound waves so they are not transmitted through the glass into the vehicle cab.

The automotive segment is expected to have the highest CAGR during the forecast period

Rising sales of automobile will produce demand for automotive glass. Climb in complete automotive production evident that require for automobile is increasing in the global market, which will especially improve the on the whole demand for automotive glass. The duration of automotive glass depends on weather conditions & driving conditions of the vehicles. In good road conditions, automotive glass displays an operational duration of years. Though, any crack in the windshield when hit by a small piece of debris while driving at high speed requires the windshield to be replaced.

Region with highest share:

The Asia pacific region is anticipated to develop more rapidly during the forecast period, due to rapidly increasing construction activity in both developed and developing countries in the region. Demand for sustainable and economically friendly structure supplies is projected to develop as a result of strict government needs. Heavy government spending on infrastructure projects, growing working population, and rising disposable income are common key drivers that are boosting demand for high quality laminated glass products in rising economies. New housing schemes by local governments are expected to create potential demand for laminated glass products in the residential sector. Increasing demand for sustainable and environment-friendly building products due to strict government regulations is expected to push demand.

Region with highest CAGR:

North America is the region that is captured to have highest CAGR during the forecast period. Technological advancements in industries are additional rising and falling the demand for advanced products counting colour laminated glass. In North America, laminated glasses are extensively adopted to safeguard buildings from changing environmental conditions as they are rough and can survive serious collision. This growth is anticipated to create demand for high superiority building materials such as laminated glass products.

Key players in the market

Some of the key players profiled in the Non-Honeycomb Sandwich Panel Core Materials Market include Guardian Industries, Saint-Gobain, AGC Inc., Vitro, Central Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., Vitro and Xinyi Glass Holdings Limited, Taiwan Glass Group, Ltd., Sisecam Group, CARDINAL GLASS INDUSTRIES, INC., Gold Plus Glass Industry, PFG Glass, Noval Glass, Asahi Glass Co. Ltd., Guardian Industries Corporation, Beijing Northglass Technologies Co., Ltd., CGS Holdings Co. Ltd., Nippon Sheet Glass Co. Ltd.

Key Developments:

December 2017: Xinyi Glass invested heavily to set up a new manufacturing base in North America to make float glass for the region. This new manufacturing facility can enhance the company’s sales and expand its market footprint.

In Jun- 2019, Asahi Glass Co. Ltd. partnered with the Tokyo Institute of Technology to establish "ACG Material Collaborative Research Cluster." This is a research collaboration to accelerate the research in multiple fields, including glass, ceramics, and other organic materials

In September 2019, Asahi Glass Co. Ltd. concluded an agreement with NOMURA to develop and accelerate the business expansion of various glass products, especially in the interior market.

In Jan 2020, Saint-Gobain S.A. announced the acquisition of Continental Building Products. This acquisition helped the company to expand its geographic reach in North, East, and Southeast America.

In April 2021, Gold Plus Glass Industry, an Indian leading manufacturer of flat glass including laminated glass, announced production capacity expansion plans with the investment of USD 290 million. This step was taken to strengthen the company’s position in the local and overseas glass industry. The company is targeting to install float & solar glass production capacity of 700,000 metric tons per annum.

Designs Covered:
• UV-Film Laminated Glass
• Conventional Laminated Glass
• Acoustic Laminated Glass

Applications Covered:
• Construction
• Automotive

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances