Laminated Glass Market - Global Market Size and Forecast to 2028

The Laminated Glass Market is expected to increase. In terms of value, polyvinyl butyral interlayer based laminated glass accounted for 42.0 percent of the laminated glass market in 2020, and is expected to grow at a CAGR of 6.2 percent to USD 11.8 billion by 2026. The laminated glass market is expected to increase at the fastest rate of 6.1 percent in the building industry, from USD 12.3 billion in 2021 to USD 16.5 billion by 2028.

COVID-19's impact on the worldwide laminated glass market

According to figures published by the Glass Alliance Europe, total glass output in Europe reached 39.5 million tonnes in 2020, a reduction of 2.6 percent from the previous year (40.6 million tons). The COVID-19 epidemic had a variable impact on the glass market according on the glass subsector. In Europe, flat glass output fell from 12.6 million tonnes in 2019 to 11.9 million tonnes in 2020. Restrictions in the building industry also came to a standstill, affecting demand for laminated glass. The lockdown had a significant influence on the automobile industry, resulting in plant closures and slowed purchase operations due to lower demand. All of these elements have had a detrimental effect.

The impact of COVID-19 on the construction industry was negative. With limits on non-essential activity, the global economy was on the verge of collapsing. The International Energy Agency (IEA) estimates that global investment in energy efficiency in the construction industry increased by 2% to USD 152 billion in 2019.