The global tinted laminated glass market size is expected to magnify during the forecast period. Rising awareness of the product’s durable nature encourages manufacturers to adopt tinted laminated glass in their automobiles, thereby influencing the market growth. Fortune Business Insights™ provides this information in its report titled “Tinted Laminated Glass Market, 2022-2029.

Tinted Laminated glass consists of an interlayer composed of ethylene-vinyl acetate and polyvinyl butyral sandwiched between two or more two layers of glass that protects the body from cracks. It is used in the automobile industry as tinted glass is made from tempered glass that protects the car window by crashing into pieces, thus resulting in driver and passenger safety. Manufacturers such as AAA announced in November 2019 that they are replacing tempered glass with tinted laminated glass because of its rigidity and sustenance against damages. It is also used on the car’s body to protect the drivers and passengers from any fatal impacts during an accident. Therefore, the rising awareness regarding the safety features of tinted laminated glass leads to its adoption in several automobiles, which, in turn, boosts the product demand significantly. In addition, it is also utilized to coat windows in an automobile due to its visual appeal. Hence, the rising adoption of the product in the automotive sector can elevate market growth for the upcoming years.

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Impact of COVID-19

Restrictions against Transport Activities to Decline the Product’s Sale

Governments have imposed several restrictions on transport activities during the COVID-19 as the number of COVID-19 infections surge. The decreasing manufacturing activities of automobiles has impacted the production of tinted laminated glass. However, the import and export of vaccines and medical gears are likely to support the market growth. Governments are actively participating to help the automotive industry by allowing the facilities to work at half capacities and part-time shifts. 

Segments

By application, the market is segmented into construction, automobile, and others. Geographically, it is clubbed into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. 

Highlights of the Report

  • This report analyzes the recent market trends and the leading market segments.
  • It conducts a comprehensive analysis of the impact of COVID-19 and the driving and restraining factors.
  • The report examines the strategies devised by the market’s prominent players and the regional developments.

Drivers and Restraints

Increasing Applications of the Glass in Automotive Sector to Enhance Tinted Laminated Glass Market Growth

Tinted laminated glass is extensively used to enhance the visual appeal of a car. It is an extremely stylish and shatter-resistant glass which is used to protect drivers and passengers in the face of an accident. The glass is used in car windshields and windows because of its rigidity against damage. In addition, it is used in the construction industry to build glass floors, sunspaces, glass railings, curtain walls, roofs, facades, and skylights. Tinted laminated glass enhances the visual appeal of buildings and provides safety against harsh environmental weather. Companies are aiming to expand their production capacity of such glass. For example, Gold Plus Glass Industry undertook the biggest expansion of their laminated float glass lineup. It will expand its installing capacity upto a figure of 7,00,000 tonnes in April 2021. Enabled by this, the market is expected to rise significantly in the forthcoming years. 

However, governments have imposed strict laws, forcing the manufacturers to create products that abide by the specified quality requirements. This factor can likely hamper the market’s growth.

Regional Insights

Significant Investments in the Automotive Sector to Escalate Market Growth in Europe

Europe is projected to dominate the tinted laminated glass market share owing to the rising investments in the automotive sector. The rising awareness of the product’s benefits is boosting the product’s demand. Germany is a major hub for innovation in the automotive industry of the region. Thus, this factor can elevate the market growth. 

In Asia Pacific, the development of the socio-economic environment can boost the production activities of tinted laminated glass. In addition, the rising population in developing countries can enhance the product’s adoption and production activities of the glass. 

In North America, strong competition between companies to develop energy-efficient products is likely to boost the tinted laminated glass’s demand. Furthermore, technological advancements in production techniques can bolster market growth. 

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Competitive Landscape

Prominent Companies to Examine Latest Market Trends to Fuel Competition

The prominent companies that are operating in the market are examining the latest trends in the market to undertake strategies that fuel the competitive market. The prominent companies can gain a significant edge over other competitors by implementing necessary strategies that can enhance its brand position. Further, the incorporation of advanced technologies in production facilities can improve product quality and reduce time consumption. This strategy can help the company to successfully achieve its goals. 

Industry Development

  • December 2017: Xinyi Glass invested heavily to set up a new manufacturing base in North America to make float glass for the region. This new manufacturing facility can enhance the company’s sales and expand its market footprint.

List of Key Players Profiled in the Tinted Laminated Glass Report

  • AGC Inc.
  • Central Glass Co., Ltd.
  • Fuyao Glass Industry Group Co., Ltd.
  • Guardian Industries
  • Saint Gobain
  • Şişecam Group
  • Taiwan Glass Industry Corporation
  • Vitro and Xinyi Glass Holdings Limited

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