Laminated Glass Market: Overview
The laminated glass market is predicted to witness substantial growth due to large applications of laminated glass across a number of end users. Vast demand for laminated glass in the construction and building sector due to its advantages of safety, security, and energy savings provides ample growth prospects for the laminated glass market. Laminated glass is mostly preferred due to its strength and safety features, including hurricane and impact resistance, protection against forced entry, sound reduction, bullet resistance, and earthquake resistance.
Key application areas in the laminated glass market are automobile windshields, gas stations, residential buildings, bank security and ATM booths, jewelry shops, residential buildings, and other applications.
The report provides a top-notch analysis of laminated glass market over the 2020 -2030 forecast period with valuable insights into demand dynamics, growth opportunities, and competitive landscape. The report assesses the direct and indirect impact of COVID-19 on the laminated glass market for qualitative insights into growth during the 2020- 2030 forecast period.
Laminated Glass Market: Competitive Landscape
The laminated glass market features presence of several large and small players that operate mostly in global and regional markets respectively. Product development and product innovation are the focus of keen players in the laminated glass market. Large players are investing heavily in R&D of new products and entering into business alliances with other players to leverage each other’s competencies. Such alliances are also aimed at strengthening their position in the laminated glass market.
Prominent companies in the laminated glass market include NSG Group, Guardian Industries, Oldcastle Inc., FUSO GLASS, Asahi Glass Company, Cardinal Glass, Ajj Group, and Saint-Gobain among others.
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Laminated Glass Market: Key Trends
Factors such as upsurge in demand for upgraded glass products for specialized applications and surge in demand from a number of end users such as healthcare and telecom are key for growth in the laminated glass market. Laminated glass offers advantages such as safety, security, energy savings, increased durability, soundproof and more.
In the construction sector, growing trend of replacing cement, brick, and granite building exteriors with glass is resulting in spurt in demand for laminated glass. Besides safety and energy savings, laminated glass is aesthetically appealing for buildings and residential homes. Laminated glass is increasingly finding wide use in buildings and residential homes owing its attributes of strength, sound reduction, impact resistance, bullet resistance, and hurricane and earthquake resistance.
In the automotive industry, rising demand for larger-sized windshields and expanding popularity of sunroofs in many vehicles are some prominent factors underscoring growth in the laminated glass market.
The polyvinyl butyral product type is predicted to witness leading demand in the forthcoming years. Polyvinyl butyral laminated glass features good tenacity performance due to which it absorbs a large amount of force and disperses it evenly. In addition, polyvinyl butyral laminated glass displays properties of viscoelasticity, thereby reducing sound acoustic insulation.
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Laminated Glass Market: Regional Assessment
Asia Pacific is anticipated to continue to be at the forefront in the laminated glass market, mainly because of ever-growing demand from developing countries in the region. Exponential growth of the construction sector due to massive infrastructural development and rapid urbanization in developing countries of the region are indirectly fueling the laminated glass market in the region. The presence of some key laminated glass manufacturers such as Nippon Sheet Glass, AGC, and Central Glass further supports the growth of laminated glass market in the region.
North America and Europe are relatively established regions in the laminated glass market. Growth of the construction sector and presence of some long-established automobile companies are some key factors behind growth of laminated glass market in these regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.