Report : North America Laminated Glass Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Polyvinyl Butyral, Ethyl Vinyl Acetate, Ionoplast Polymer, Aliphatic TPU, and Others), and Application (Building and Construction, Automotive, Electronics, Solar Panels, and Others)
The Polyvinyl Butyral Segment to Dominate North America Laminated Glass Market during 2021-2028
According to a new market research study on “North America Laminated Glass Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Material Type, Application and Country,” is expected to reach US$ 4,277.03 million by 2028 from US$ 3,023.18 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report provides trends prevailing in the North America laminated glass market along with the drivers and restraints pertaining to the market growth. Growing demand from building & construction industry, and various advantages of laminated glass are major factors driving the growth of the North America laminated glass market. However high cost of laminated glass may hinder the growth of North America laminated glass market.
The US has the highest number of confirmed COVID-19 cases among all key countries in the region. This has negatively impacted the overall manufacturing processes, research, and development activities. However, on May 26, 2021, 288 million doses have been administered in the US, and the governments are also planning to revive their operations soon. Slowly and gradually, manufacturing units are being operationalized and various industries are recovering, which will positively impact the laminated glass market. For instance, construction activities in the US are deemed an essential service. In particular, the US saw an increase in residential construction activities in 2020. According to the US Census Bureau, new private home projects were up 6.7% over 2019, a trend that is expected to continue. Thus, the recovering construction and automotive industries will increase the demand for laminated glass in the upcoming years.
The market for North America laminated glass is segmented into material type, application and country. Based on material type, the market is segmented into polyvinyl butyral, ethyl vinyl acetate, ionoplast polymer, aliphatic TPU, and others. In 2020, the polyvinyl butyral segment held the largest share in North America laminated glass market. Based on application, the North America laminated glass market is divided into building and construction, automotive, electronics, solar panels, and others. The automotive segment is expected to be the fastest growing segment over the forecast period. Based on country, the North America laminated glass market is segmented into US, Canada and Mexico. In 2020, US held the largest share in North America laminated glass market. Furthermore, in this present scenario of COVID 19 pandemic, the North America laminated glass market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for laminated glass.
Asahi India Glass Limited; Cardinal Glass Industries, Inc.; Central Glass Co., Ltd.; Fuyao Group; Guardian Glass LLC.; Press Glass SA; SCHOTT AG; Saint Gobain S.A. and Xinyi Glass Holdings Limited are some of the leading companies in the North America laminated glass market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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