DUBLIN--(BUSINESS WIRE)--The "Laminated Glass Market by Interlayers (Polyvinyl Butyral, Ionoplast Polymer), End-Use Industry (Building & Construction, Automotive), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
“Laminated Glass Market by Interlayers (Polyvinyl Butyral, Ionoplast Polymer), End-Use Industry (Building & Construction, Automotive), and Region - Global Forecast to 2022”
The laminated glass market is estimated to be USD 17.20 billion in 2017 and is projected to reach USD 23.04 billion by 2022, at a CAGR of 6.02% from 2017 to 2022
Rising middle-class population and rapid economic growth have resulted in increased number of construction activities around the world, which in turn is driving the demand for laminated glass. Furthermore, stringent regulations to reduce the loss of property and life in case of accidents is driving the demand for laminated glass in the automotive industry. However, the high cost of raw materials used for the manufacturing of glass can act as a major restraint for the growth of the market.
The ionoplast polymer segment is estimated to be the fastest-growing interlayer segment of the market during the forecast period. The growth of the segment can be majorly attributed to the superior strength of ionoplast polymers, which is required in applications, such as glass floors, stairs, balcony rails, and minimally-supported glass canopies, among others in the building & construction industry.
South America is projected to be the fastest-growing laminated glass market between 2017 and 2022. Stable economic growth, and investments in infrastructure projects, and favorable demographic trends including the rising income of middle-class population in the region are driving the demand for laminated glass in the region.
The Middle East & Africa laminated glass market is also estimated to witness a significant growth during the forecast period. The growth of the market in the region can be mainly attributed to the growing building & construction industry in the Middle East.
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