IMARC Group's report titled "Tempered Glass Market Report by Type (Plain Glass, Coloured Glass), Shape (Flat Tempered Glass, Bent Tempered Glass), Application (Construction, Automotive, Home Appliances, Gadgets, Others), and Region 2024-2032". The global tempered glass market size reached US$ 54.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 83.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
Factors Affecting the Growth of the Tempered Glass Industry:
- Thriving Construction Sector:
The increasing adoption of tempered glass within the construction sector is fueling market expansion. Tempered glass finds extensive application in architecture, including windows, doors, and facades, owing to its superior safety and longevity. Compliant with rigorous building standards and safety protocols, it excels in enduring harsh weather, resisting impacts, and enhancing aesthetics, thus garnering favor among architects and developers. Furthermore, the rising demand for premium construction materials such as tempered glass, driven by the burgeoning residential and commercial construction projects, augurs well for market prospects.
- Rising Adoption of Vehicles:
The increasing need for tempered glass, driven by the growing global automotive industry, is fueling market expansion. Tempered glass finds application in windshields, side windows, and rear windows owing to its exceptional strength, safety attributes, and resistance to breakage. Additionally, the rising demand for vehicles incorporating advanced safety technologies, like laminated tempered glass for improved impact resistance, is reinforcing market growth. Moreover, strict regulations requiring the use of tempered glass to enhance driver and passenger safety are driving market momentum.
- Increasing Utilization in Electronics:
The increasing need for tempered glass for screens and display panels is fueled by the growing use of smartphones, tablets, laptops, and various electronic gadgets worldwide. This trend is positively impacting the market as tempered glass provides excellent scratch resistance, durability, and impact protection, making it a preferred option for electronic screens. Additionally, there's a rising consumer preference for devices equipped with resilient and enduring displays. Manufacturers are also incorporating tempered glass into their products to improve user satisfaction and prolong device lifespan.
Leading Companies Operating in the Global Tempered Glass Industry:
- Asahi Glass Co. Ltd.
- Dlubak Specialty Glass Corporation
- Guardian Industries
- Nippon Sheet Glass (NSG) Co. Ltd
- Press Glass SA
- Romag, Saint-Gobain S.A
- Taiwan Glass Ind. Corp.
- Virginia Mirror Co
- Fuso India Pvt Ltd
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Tempered Glass Market Report Segmentation:
By Type:
- Plain Glass
- Coloured Glass
On the basis of the type, the market has been bifurcated into plain glass and coloured glass.
By Shape:
- Flat Tempered Glass
- Bent Tempered Glass
Based on the shape, the market has been divided into flat tempered glass and bent tempered glass.
By Application:
- Construction
- Residential
- Commercial
- Industrial
- Automotive
- Rear Windows
- Slide Windows
- Home Appliances
- Refrigerators
- Washing Machine
- Microwave and Ovens
- Gadgets
- Smartphones
- Tablets
- Laptop and Computers
- Others
Construction accounts for the largest market share due to the stringent safety regulations.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Tempered Glass Market Trends:
Stringent safety standards in construction and automotive industries are driving market expansion. Renowned for its exceptional safety attributes and durability, tempered glass is in high demand. Moreover, adherence to building codes and safety regulations mandates the utilization of shatter-resistant materials such as tempered glass in windows, doors, and facades to minimize the potential for injuries resulting from glass breakage.
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