Laminated glass is composed of two or more pieces of glass with one or more layers of organic polymer interlayers sandwiched between them. After special high-temperature pre-pressing (or vacuuming) and high-temperature and high-pressure processes, the glass and the interlayer are permanently Bonded as a composite glass product.
Due to COVID-19 pandemic, the global Glass Interlayer Film market size is estimated to be worth US$ 3940.7 million in 2021 and is forecast to a readjusted size of USD 4061 million by 2028 with a CAGR of 0.4% during forecast period 2022-2028.
The growing presence of foreign companies in the Asia-Pacific region has also created a demand for the construction of new offices, buildings, production workshops, etc., due to China’s highly developed automotive industry and the continuous investments made in the region to boost the construction industry over the years , the Asia-Pacific region is expected to show a growth trend in the future.
The impact of COVID-19 has gradually stabilized. With the recovery of the real estate industry, the processing capacity and demand of laminated glass for construction have shown an increasing trend. As one of the upstream raw materials, this has driven the development of the Glass Interlayer Film industry.
Improved functionality and appearance in terms of product innovation and differentiation and introduction of low-e and smart glass in the market is expected to further drive the demand for the global laminated glass market.
Looking forward to the future, with the increase of new entrants, the market competition will intensify. For the manufacturers who have already entered, it is necessary to continuously innovate the existing products, further raise the technical threshold, and break the vicious competition; reduce the cost by reducing the cost. Price strategy, quickly occupy the market, develop the incremental customer market, and establish a market share advantage; build a brand image to lay an advantage for entering the consumer goods market; attract as many developers as possible, and develop a variety of rich applications on top of this, to promote the popularization of technology, only in this way can they have the capital to occupy a larger market share in the fierce competition.
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