Jan 07, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Impact Resistant Glass Market.
It was estimated prior to this unanticipated outbreak that the Impact Resistant Glass Market is likely to witness an impressive CAGR of 7.6% during the forecast period. The prime factor that is contributing to the demand for impact resistant glass is mainly its ability to stay intact even when shattered or broken. Surge in demand from the automotive sector and gowing applications of impact resistance glass in the building and infrastructure industry for maximum safety and protection are driving the market growth. Increasing demand from high-security places such as banks, embassies, and defense buildings is also creating a sustainable demand for the market.
Impact resistant glass is the high-strength glass that has the ability to stay intact even when shattered or broken. The impact resistant glass remains fitted in place by an interlayer and is laminated between two or more glass layers. It is majorly used in automotive windshields, skylight glazing, railings, staircases, fences, shower rooms, floors, window, table top, glass partition, glass sliding door, glass curtain wall, glass façade, bullet proof glass, high speed train windshield, explosion proof glass, and in regions that are prone to hurricanes.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the interlayer type, the market is segmented as polyvinyl butyral, ionoplast polymer, ethylene vinyl acetate, and others. The polyvinyl butyral segment held the largest share of the market in 2019, and is expected to register the fastest growth during the forecast period. The segment is mainly driven by its excellent benefits such as huge adhesion, optical clarity, large tear resistance, and also impact absorbance, along with its benefits in acoustic insulation and in lessening the UV transmission. High strength and invasion resistance offered by polyvinyl butyral from burglary, bullets, hurricanes, and explosions are also the core factors generating demand in the high-security infrastructure places.
Based on the end-use industry type, the market is segmented as construction & infrastructure, automotive & transportation, and others. The construction & infrastructure segment commands the market. The growth of the segment is owing to the increasing demand for impact resistant glass in residential & commercial building projects and increasing government regulations for safety & security.
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the highly developed construction sector in emerging economies, along with the increasing investments in the region to advance the automotive sector. Increasing demand for impact resistant glass for automotive applications in windscreens for maximum safety and protection and adoption of impact resistant glass in advanced construction activities are expected to further drive the market.
Key Players:
Key players operating in the global Impact Resistant Glass market are-
- AGC Inc.
- Nippon Sheet Glass Co., Ltd.
- Compagnie de Saint-Gobain S.A.
- Guardian Industries
- Fuyao Glass Industry Group Co., Ltd.
- Central Glass Co. Ltd.
- Sisecam Group
- Taiwan Glass Industry Corporation
- Vitro
- S.A.B. De C.V.
- CGS Holding Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Impact Resistant Glass analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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