Glass Balustrade Lamination Market Key Futuristic Trends and Opportunities 2026
10/6/2021
Glass Balustrade Lamination Market Key Futuristic Trends and Opportunities 2026
Glass Balustrade Lamination Market: Introduction
Balustrade is akin to a system, which is designed to keep people away from dangerous areas. It is a railing on a balcony, porch, or terrace. Balustrade is commonly made of metal, wood, or glass. Currently, glass-based balustrades are extensively used in commercial and residential spaces. Glass balustrade is commonly laminated with polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA) and SentryGuard Plus Interlayer (SGP) materials in order to protect against manual attack and blast.
Based on material, the global balustrade lamination market can be segmented into polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), SentryGuard Plus Interlayer (SGP), and others. PVB is highly employed in manufacture of lamination for glass balustrades due to its durability and ease of manufacturing. Furthermore, various grades of PVB are formulated in order to achieve high range of structural properties, acoustic performance, and impact resistance. PVB is primarily used in interior applications, as it gets degraded when exposed to extreme temperature conditions.
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Key Drivers of Glass Balustrade Lamination Market
Evolution of architectural trends and designs; and increase in popularity of glass balustrade as a safety component in staircases are expected to drive the glass balustrade lamination market in the near future. Rise in usage of balustrade across a wide range of infrastructure development projects in commercial and residential sectors is boosting the demand for glass balustrade across the globe. Most of the manufacturers operating in the market are highly focused on enhancing quality, improving safety, and offering easy-to-manufacture glass balustrades lamination. Companies are also engaged in investing in resources in order to optimize engineering and fabrication costs related to glass balustrades lamination.
Glass balustrades are commonly employed in residential and commercial spaces as decorative as well as safety enhancing materials. Rise in consumer preference for glass balustrades over conventional walls in order to improve the esthetics of a building and safety of balconies is expected to drive the demand for glass balustrades in the next few years. These factors are estimated to boost the demand for lamination materials for formulation of glass balustrades.
Impact of Covid-19 on Global Glass Balustrade Lamination Market
Slowdown of the economy owing to the Covid-19 pandemic has adversely affected construction activities across the world. Glass balustrade lamination is highly employed in the building & construction industry. The recent downturn in the building & construction industry is likely to hamper the glass balustrade lamination market in the near future.
Europe to Hold Major Share of Global Glass Balustrade Lamination Market
Based on region, the global glass balustrade lamination market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Europe accounted for major share of the glass balustrade lamination market in 2019. Growth in efforts to improve the safety of residents in buildings and rise in inclination to impart esthetic look to residential and commercial spaces are anticipated to propel the glass balustrade lamination market in the region during the forecast period.
Rapid urbanization and growth in space requirements across countries such as China and India are likely to drive the overall construction output in these countries in the near future. This, in turn, is expected to boost the glass balustrade lamination market in China and India during the forecast period. However, the building & construction sector might take two to three years to recover from the Covid-19 pandemic. This is anticipated to adversely affect the glass balustrade lamination market in the near term.
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