Lucintel's latest market report analyzed that laminated glass provides attractive opportunities in the building and construction, automotive, electronic, and solar panel markets. The laminated glass market is expected to reach $31.1 billion by 2028 with a CAGR of 6%. In this market, polyvinyl butyral is the largest segment by material type, whereas building and construction is largest by end use.
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Based on material type, the laminated glass market is segmented into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer, aliphatic TPU, and others. The polyvinyl butyral segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing application in automotive and construction industries owing to its capability to balance strength and toughness, ensuring cost economy.
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The Laminated Glass Market is marked by the presence of several big and small players. Some of the prominent players offering laminated glass include Saint-Gobain, AGC Inc., Nippon Sheet Glass, Central Glass Co., Sisecam Group, Guardian Industries Corporation, Xinyi Glass Holdings, Fuyao Glass Industry Group, and Schott AG.
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