Laminated Glass Market: Drivers and Restraints
The growing need of advanced glass products for specialized applications, strong market demand from emerging regions, and surge in demand for laminated glass from end use markets such as healthcare, telecom, electronics and aerospace, among others are growing the demand in global laminated glass market. The demand from construction industry for flat and laminated glasses is growing exponentially and is one of the biggest driver for the increasing demand of the laminated glass and global laminated glass market dispersion. In addition, the growing trend of replacing the cement, brick and granite building exteriors worldwide coupled with continuing growth in automotive sales in the different regions, is boosting demand for laminated glass, globally and facilitating laminated glass market growth.
In automotive industry, growing demand for larger-sized windshields and rising popularity of sunroofs in many vehicles are alluded as reasons for the rising demand for laminated glasses.
Despite of being robust and reliable source of safety and security the laminated glass suffers from some challenges such as cost requirements such as manufacturing cost and energy cost owing to several layers of materials required in the manufacturing process, which is likely to restrain the global laminated glass market from growing.