Impact Resistant Glass Market

Impact Resistant Glass Market Size-(2023-2028)

The impact-resistant glass market size is expected to grow from USD 24.12 billion in 2022 to USD 31.28 billion in 2028, with a CAGR of 9.1% over the forecast period 2023-2028

 Impact-resistant glass is made up of two sheets of glass linked by a protective interlayer. Impact-resistant glass can withstand the strong force applied for a short time. These glasses find wide applications in the automotive industry, as well as in the construction industry. The increased construction and infrastructure activities in developing countries generate massive demand for impact-resistant glass during the forecast period. In addition, the increasing installation of solar panels in countries like India and China offers favorable prospects for the impact-resistant glass market during the forecast period. The impact-resistant glass market is expected to grow during the forecast period owing to factors such as the growth of the building and construction industry as well as the increase in commercial and residential activities around the world. In addition, the strong demand from the automotive and transportation sectors is also expected to positively affect the growth of the market in the future. However, rapid urbanization in developing countries offers significant growth prospects for the impact-resistant glass market in the coming years.

Impact Resistant Glass Market Trends:

Among the different types of layering processes such as adding chemical catalysts, light, UV, and autoclaving. Among these, it is the autoclave sterilization process that dominates the global impact-resistant glass market. In terms of end-users of impact-resistant glass such as aerospace, automotive, construction, and infrastructure and architecture, the construction and infrastructure sectors are expected to dominate the market. The next end user will likely be the automotive industry.

Impact Resistant Glass Market Drivers:

Impact-resistant glass is progressively utilized in building structures for maximum protection and safety of people. Impact-resistant glass is mainly used in office buildings, hotels, shopping malls, public corridors, hospitals, museums, airport terminals, residences, and apartment buildings and controls applications noise. High-security places like banks, embassies, and defense buildings, etc. use impact-resistant glass for safety reasons and maximum protection for humans. Impact-resistant glass is also used near coastal areas to protect people from hurricanes and tornadoes as they produce high winds and atmospheric pressure. Find its application in doors, windows, partitions, and shutters. It also reduces exterior noise and helps block over 99% of harmful UV rays. The growing demand for priority security, the growing need to protect public and personal property, and the rise of glass technology for protection against environmental disasters. Favorable construction trends in developing regions are boosting demand for infrastructure expansion. These factors are expected to drive the impact-resistant glass market for years to come.

Impact Resistant Glass Restraints:

The escalated cost of production and finite sources for interlayers are anticipated to restrain the market growth.

Opportunities in the Impact Resistant Glass Market:

The growing middle-class population and growing economy are believed to have boosted construction and construction activity around the world, especially in developing countries. This explains the rapid growth of this segment in the market. Regarding the second leading state in the automotive segment, it is estimated that the increase in the incidence of diving accidents, and hence the need to reduce property losses, will stimulate the automobile industry's demand for an impact-resistant glass market.

Challenges in the Impact-Resistant Glass Market:

Strict standards and guidelines on carbon dioxide emissions, lack of coordination, and unstable raw material costs that exasperate the executive store network and the productive vitality of the assembly hamper market development.

IMPACT-RESISTANT GLASS MARKET REPORT COVERAGE:

Impact Resistant Glass Market Segmentation:

By Interlayer:

• Polyvinyl Butyral

• Ionoplast Polymer

• Ethylene Vinyl Acetate

• Others

By End-use Industry:

• Construction & Infrastructure

• Automotive & Transportation

• Others

Impact Resistant Glass Regional Analysis:

The Impact-Resistant Glass Report includes the segmentation of Regions:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

Asia Pacific is expected to dominate the global market due to the highly developed construction sector in China and Singapore coupled with continued investments in the region to advance the automotive sector over the years. The growing demand for impact-resistant glass for automotive windshield applications for maximum safety and protection. This glass helps passengers better in accidents and also withstands manual attacks on official vehicles. According to Singapore's Ministry of Commerce and Industry, Singapore's construction industry has grown 3.1% in recent years. This is due to the increase in residential and commercial buildings in the country in recent years. According to the International Organization of Automobile Manufacturers, automobile production has experienced decent growth in the Asia-Pacific region over the past five years. This is also considered to be one of the reasons for the increased demand for impact-resistant glass in automobiles. The adoption of impact-resistant glass in advanced construction activities and the continued growth of automotive safety are expected to boost the impact-resistant glass market for years to come.

Among the different regions of the world such as Latin America, Asia-Pacific, North America, the Middle East and Africa, and Europe, it is estimated that the stability of the economy and therefore an increase in infrastructure projects are driving the shock resistance market glass in Latin America. This region also benefits from the increase in the incomes of the middle classes. The impact-resistant glass market in the Middle East and Africa is also expected to witness remarkable growth during the forecast period of 2021 to 2026. The booming construction industry in this part of the world is on the rise origin of market growth.

Recent Developments in the Impact-Resistant Glass Industry:

• In Oct 2019, Fenesta launched the latest high-tech uPVC windows and doors for winter along with its anti-noise campaign. The new Fenesta range is intended to cope with the extreme weather conditions of the coming winter season. It includes windows with a built-in vision control function that helps maintain privacy indoors even without curtains, shades or shades. The company will benefit from the national movement against noise and air pollution with the launch of its new campaign: "Close the door, use Fenesta windows and doors".
• In Jun 2020, NORTH VENICE, Fla. PGT^® Custom Windows + Doors, part of the PGT Innovations family of brands, meet a growing demand among homeowners with the launch of Modern Edge all-black window and door frames. The edge-to-edge monochrome look instantly transforms a property's interiors and exteriors while fulfilling the ever-growing consumer desire for unique home design options that deliver personalized curb appeal.

Major Key Players:

1. Central Glass

2. Sisecam Group

3. Taiwan Glass

4. Vitro, S.A.B

5. De C.V., CGS Holding Co., Ltd

6. Xinyi Glass Holdings Limited

7. Cardinal Glass Industries

8. Euroglas GmbH

9. China Luoyang Float Glass Group Co., Ltd

10. Trulite Glass & Aluminum Solutions

11. Schott AG, Scheuten Glass

12. Sangalli Group

13. China Specialty Glass AG

14. Syracuse Glass Company

15. Gulf Glass Industries

16. Qingdao Kangdeli Industrial & Trading Co., Ltd

17. Jin Jing (Group) Co., Ltd

18. Fuso Glass India Pvt. Ltd