Impact Resistant Glass Market – Global Industry Analysis and Forecast (2023-2029)

Impact Resistant Glass Market size was valued at US$ 2.89 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 8.7% from 2022 to 2029, reaching nearly US$ 5.19  Bn.
Impact Resistant Glass Market Overview:
Impact Resistant Glass Market is expected to reach US$ 5.19 Bn. by 2029. Laminated glass that is impact-resistant (IR) can be utilised to add extra defence against flying debris and disruptive noise. This report focuses on the different segments of the Impact Resistant Glass market (Interlayer, End-Use Industry, and Region). The leading industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. The primary data analysis from 2022 to 2029 is demonstrated through facts and figures, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Impact Resistant Glass are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Impact Resistant Glass market.To know about the Research Methodology :- Request Free Sample Report
Impact Resistant Glass Market Dynamics:
A rise in automotive production

Impact-resistant glass has a greater specific strength and modulus than the majority of regular glass, which is why it is being used in cars more and more. Due to its durability, impact resistance, and security, impact resistance glasses are becoming more and more common in the automotive industry. In the automotive sector, impact resistance glass is used in a range of automobiles. Despite the coronavirus pandemic, global car sales decreased by almost 15% between March and May 2020. However, the market quickly recovered by 5%, indicating a healthy indicator of growth. As a result, the demand for vehicle windscreens will rise due to increased automation production, which is expected to boost demand for impact resistance glass during the forecast period.

infrastructure and construction sector growth

Any region's economic growth depends heavily on its infrastructure. Growing urbanisation plans in developing nations will support the infrastructure industry and the impact-resistant glass market at the same time. For example, in the Union Budget 2021, the government allocated Rs. 233,083 crore (US$ 32.02 billion) to improve the Indian infrastructure, which includes high-security structures that need impact resistance glasses for their windows and door panels. Increased infrastructure spending has a multiplier effect on the economy as a whole since it necessitates manufacturing and industrial development. By raising peoples' standards of living, this in turn influences collective demand. The OCED group estimates that between 2014 and 2050, the global infrastructure budget will be between USD $4.1-4.3 trillion each year.

Impact-resistant glass comes at a higher price.

During the forecast period, the impact resistant glass market rapid growth is expected to be hampered by factors including high cost, lack consumer awareness, and low market penetration. Impact Resistant Glass typically costs 30 to 40 percent more than regular glass, which prevents consumers from purchasing it. Such factors have emerged as Impact Resistant Glass's main consumption problem, which limits the market's growth.
Impact Resistant Glass Market Segment Analysis:
The Impact Resistant Glass Market is segmented by Interlayer, and End-Use Industry.

Based on the Interlayer, the market is segmented into Polyvinyl Butyral, Ionoplast Polymer, Ethylene Vinyl Acetate, and Others. Polyvinyl Butyral segment is expected to hold the largest market share of xx% by 2029. To give reinforcement and keep the glass pieces together even after it is cracked and shattered, an inter-layer is an extremely strong polymer layer sandwiched between two panes of glass. This aids in avoiding harm and damage brought on by wind, water, and debris. The laminated glass can be placed on either the inner or exterior pane of insulating glass for best results. The most fundamental and popular interlayer in the impact resistance glass market is polyvinyl butyral. It mostly finds use in the building and constructions industry.

The impact resistant glass's protective interlayer provides additional advantages like excellent tear and break resistance, tremendous adhesion, impact absorbance, and optical clarity. In addition, it serves as an extra barrier for UV radiation, lessening their impact. There is a need in the market from high-security locations due to the employment of such interlayers in glasses installed in high protected areas like banks, offices, and others that offer safety and invasion resistance from burglary, gunfire, hurricanes, and explosions. As a result, practically every major core industry has a demand for Interlayers such polyvinyl butyral in impact resistant glass, which supports enhanced business growth.

Based on the End-Use Industry, the market is segmented into Construction & Infrastructure, Automotive & Transportation, and Others. Construction & Infrastructure segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Impact-resistant glass is primarily used in the construction of homes, businesses, and other structures. Major infrastructures frequently utilise impact-resistant glass to provide the highest level of security and safety for people and property. In independent houses, spacious flats, hospitals, business buildings, and high-security locations, impact-resistant glass is employed. For example, there are approximately 25,000 banks, 100s of embassies, and defence facilities worldwide where there is a high demand and need for impact resistance glass for protection from natural disasters and forced entry, which is one of the major factors driving the growth of the impact-resistant glass market. As a result, during the forecast period, the global market for impact resistant glass is expected to grow due to the increasing focus on the construction and infrastructure sectors.
Impact Resistant Glass Market Regional Insights:
Asia Pacific region is expected to dominate the Impact Resistant Glass Market during the forecast period 2023-2029. Asia Pacific region is expected to hold the largest market share of xx% by 2029. Due to the region's excellent access to raw materials, Asia-Pacific dominates the market. The Asia-Pacific building and construction industry is primarily driven by rising infrastructure activities in developing nations. Due to the huge demand for high-security buildings and the construction of important nations like India and China, the Asia-Pacific region has transformed into a region of tremendous potential and opportunity. Additionally, there is a considerable need for automotive windscreens in the second-biggest contributing automotive industry. China is the largest automaker in the Asia-Pacific region and one of the market leaders globally.

The objective of the report is to present a comprehensive analysis of the Global Impact Resistant Glass Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Impact Resistant Glass Market dynamic and structure by analyzing the market segments and projecting the Global Impact Resistant Glass Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Impact Resistant Glass Market make the report investor’s guide.
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Impact Resistant Glass Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.89 Bn.


Forecast Period 2023 to 2029 CAGR:
8.7%
Market Size in 2029:
US $ 5.19 Bn.


 Segments Covered:
by Interlayer
• Polyvinyl Butyral
• Ionoplast Polymer
• Ethylene Vinyl Acetate
• Others


by End-Use Industry
• Construction & Infrastructure
• Automotive & Transportation
• Others



Impact Resistant Glass Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Impact Resistant Glass Market Key Players
• Asahi Glass
• Nippon Sheet Glass (NSG)
• Saint-Gobain
• Guardian Industries
• Fuyao Glass Industry Group
• Central Glass
• Sisecam Group
• Taiwan Glass
• Vitro, S.A.B. De C.V.
• CGS Holding Co., Ltd.
• Cardinal Glass Industries
• Euroglas GmbH
• China Luoyang Float Glass Group Co., Ltd.
• China Specialty Glass AG
• Syracuse Glass Company
• Gulf Glass Industries

Frequently Asked Questions:

1. Which region has the largest share in Global Impact Resistant Glass Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Impact Resistant Glass Market?
Ans: The Global Impact Resistant Glass Market is growing at a CAGR of 8.7% during forecasting period 2023-2029.

3. What is scope of the Global Impact Resistant Glass Market report?
Ans: Global Impact Resistant Glass Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Impact Resistant Glass Market?
Ans: The important key players in the Global Impact Resistant Glass Market are – Asahi Glass, Nippon Sheet Glass (NSG), Saint-Gobain, Guardian Industries, Fuyao Glass Industry Group, Central Glass, Sisecam Group, Taiwan Glass, Vitro, S.A.B. De C.V., CGS Holding Co., Ltd., Cardinal Glass Industries, Euroglas GmbH, China Luoyang Float Glass Group Co., Ltd., China Specialty Glass AG, Syracuse Glass Company, Gulf Glass Industries

5. What is the study period of this Market?
Ans: The Global Impact Resistant Glass Market is studied from 2022 to 2029.