The impact-resistant glass market size is expected to reach USD 31.36 billion by 2027, growing at a CAGR of 7.6% from 2022-to 2027. Impact-resistant glass consists of two or several sheets of glass that are combined with protective interlayers such as PVB to remain intact even if broken, and serve as a type of safety glass.
Laminated glass is a major component used as a sheet barrier in impact-resistant windows and also in automotive windshields. The Asia Pacific is the largest impact-resistant glass market in 2021 owing to increasing automotive production and application in construction and infrastructure sectors with maximum safety and protection purposes, which is driving the market growth. High production costs and limited interlayer resources, such as ionomers and vinyl acetate, are expected to remain restraints on the market growth.
In addition, increasing demand from high-security locations such as banks, foreign embassies, government offices, and defense buildings also creates sustainable demand for the growth of the shock-resistant glass market over the forecast period.
The impact-resistant glass market is highly impacted as the industry and organizations are under lockdown due to the 2020 COVID-19 pandemic. Furthermore, the building and construction industry has been particularly hard hit due to the suspension of several ongoing and upcoming construction projects in 2020, which has reduced the demand for impact-resistant glass in various construction and construction industries globally. The production of automobiles has also been hindered, which further contributed to the contraction of the impact glass market revenue in 2020. The production of impact glass has been hampered by the temporary closure of impact glass manufacturers and their production facilities and services around the world as countries adopt partial or total lockdown policies in response to the pandemic.
As the covid-19 global lockdown has had a major impact on the market, manufacturers have been caught in the throes of raw material orders. However, the market for impact-resistant glass is expected to rise over the forecast period considering the new normal and rising construction and construction activities.
Impact Resistant Glass Market Analysis - By Laminate
The PVB interlayer segment will hold the largest share of the impact glass market in 2021, accounting for 47%. The interlayer between two pieces of glass is a very strong polymer layer that provides reinforcement and holds the glass shards together, even in the event of shatter, and is the most basic and most widely used type of interlayer in the impact glass industry.
Impact Glass Market Analysis - By Application
The door and window panel market will hold the largest share of the impact-resistant glass market in 2021, accounting for 38%. The increase in construction and infrastructure activities in developing countries creates a huge demand over the forecast period. This impact-resistant glass is used in solar panels in countries such as India and China. In addition, it helps reduce external noise pollution and blocks over 99% of harmful UV rays.
These glasses are also widely used in automotive windshields in the automotive industry.
Impact Glass Market Analysis - By End-Use Industry
The construction and infrastructure segment will account for the largest share of the impact-resistant glass market at 44% in 2021. Impact-resistant glass is primarily used in major infrastructure to maximize human safety and asset safety. Impact-resistant glass is used in residences and hallways, detached houses, large apartments, hospitals, office buildings, and high-security locations. The focus on the construction and infrastructure industries is expected to drive the growth of the global impact glass market over the forecast period.
Figure 1 The impact-resistant glass market analysis 1
Impact Resistant Glass Market Analysis - By Region
The Asia Pacific will have the highest impact glass market share at 41% in 2021, owing to major growth in construction and infrastructure projects in the region. Furthermore, Asia Pacific dominates the market due to raw materials in the region. The Asia-Pacific region has emerged as a region with great potential and opportunities due to the widespread demand for high-security buildings, as well as construction demand in major countries such as India and China. To date, Asia is still the largest producing region in the world, accounting for 57% of global production.
The impact-resistant glass industry, which is the main end-use in the Asia Pacific, i.e. the construction and automotive industries, has experienced substantial growth and is also expected to lead the impact-resistant market during the forecast period.
Higher costs associated with using impact-resistant glass
High cost of impact-resistant glass, low consumer awareness, and low market penetration during the evaluation period. On average, impact-resistant glass is typically 30-40% more expensive than regular glass, discouraging consumers from purchasing. These factors have emerged as major challenges in the consumption of impact-resistant glass, restraining the growth of the market.
Impact Resistant Glass Market Drivers
Increased production of automobiles;
Growth in the global construction and infrastructure sector.
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