Tempered Glass Market is segmented by End User Type (Automotive, Construction, Consumer Electronics, and Others)and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
Tempered Glass Market is segmented by End User Type (Automotive, Construction, Consumer Electronics, and Others) and Region (North America [The USA, Canada, and Mexico], Europe [Germany, Franc...
The tempered glass market was estimated at US$ 47 billion in 2021 and is expected to grow at a CAGR of 7.2% during 2022-2028 to reach US$ 84 billion in 2028.
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In order to make tempered glass, annealed glass is thermally treated. This toughens the glass. The annealed glass is heated throughout the manufacturing process to a temperature between 560°C and 650°C, and then the temperature is quickly dropped after heating. High temperature resistance and strength against impact are two advantages of tempered glass. It mostly finds use in the automotive and construction industries.
Toughened glass is another name for tempered glass. Because of its greater thermal shock and temperature resistant qualities and stronger tensile (bending strength), it is commonly employed in infrastructure development and building. Recently, both wealthy and emerging nations have seen an increase in demand for innovative interior infrastructure. Demand is primarily high from residential and commercial structures. In interior design, ornamental panels made of tempered glass are one option.
Tempered glass can be used in structures for sliding doors, storm doors, building entrances, bathroom and shower enclosures, internal partitions, staircases, facades for buildings, and other uses needing exceptional strength and safety characteristics.
Key Players
The following are the major players in the tempered glass market:
Guardian industries
Saint-Gobain S.A.
AGC, Inc.
Duratuf Glass Industries (P) Ltd.
Xinyi Glass Holdings Limited
CSG Holding Co., Ltd.
Nippon Sheet Glass Co., Ltd.
Shanghai North Glass Technology Industrial Co., Ltd.
Fuyao Glass Industry Group Co. Ltd.
Tyneside Safety Glass
There is stiff competition in the tempered glass market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their Tempered Glass based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:
A tempered and speciality glass manufacturer, Cleer Vision Windows Inc., was bought by Airxcel Inc. in 2021, expanding both the company's product line and its clientele.
By investing USD 1.95 million in 2020, TOMAKK GLASS PARTNERS LLC expanded its line of goods and services by opening a tempered glass manufacturing facility in Shreveport, Louisiana, in the United States.
Market Dynamics
The ongoing expansion of the building sector, particularly in developing nations, and the rising consumer use of tempered glass or toughened glass as a mobile accessory are the main drivers propelling the growth of the global tempered glass market. The demand for the worldwide tempered glass market would also increase over the forecast period as a result of rising government spending on infrastructure development and fast urbanization in developing nations like India.
Tempered glass is becoming more widely used in a variety of industries, such as construction, automotive, home furnishings, consumer electronics, and home furnishings, as a result of its superior performance to conventional annealed glass in terms of design flexibility, heat resistance, light weight, and tensile strength. This will support the market's expansion.
The demand for tempered glass for various building projects increased as a result of the global construction industry's estimated 2019 value of USD 12 trillion and its 4% annual growth rate. Additionally, with a fall rate of around 2%, Canada's total residential and non-residential construction was valued at roughly USD 178 billion in 2019 and reached about USD 174.5 billion in 2020, significantly affecting the market's demand.
Contrarily, the popularity of tempered glass, which is utilized as a screen protector glass in a variety of consumer electronic goods, has increased due to the rapid digitization and the growing uptake of smart consumer electronics like laptops, smartphones, tablets, and others. For instance, the Economic Times said that the smartphone market has experienced 11% year-over-year growth, with shipments rising from 150 billion in 2020 to 168 billion in 2021. This is expected to boost tempered glass sales in the expanding consumer electronics industry, opening up profitable potential for the market.
The expansion of the worldwide tempered glass market will also be fueled by the increasing number of products being developed that use tempered glass to extend the shelf life of appliances. The market will rise as tempered glass is used more frequently in mobile accessories to maintain durability and lower the likelihood of screen damage.
Other aspects that will support the demand of the global tempered glass market in the next years include the escalating government attempts to reduce greenhouse gas emissions and traffic safety standards for glass products. However, a major obstacle to the growth of the global tempered glass market over the anticipated time is the accessibility of substitute materials.
Segment Analysis
End-User Type
Automotive, Construction, Consumer Electronics, and Others are the end users. Construction market hold the largest sharein 2021. The larget share is mainly due to sustained economic growth coupled with rise in foreign direct investment (FDI) inflow in construction sector where tempered glass is widely employed as toughened glass in mirrors frames, doors, and others.
For instance, according to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), industry attracted foreign direct investment (FDI) worth $25.38 billion from April 2000 to June 2021. This is expected to propel the growth of the construction segment in the global tempered glass market.
Regional Analysis
Asia Pacific is likely to maintain its largest share in the tempered glass market throughout the forecast period. Due to the considerable increase in the automobile industry among developing economies like China, India, and Malaysia over the course of the projected period, Asia-Pacific is expected to dominate the market.
Additionally, the top producers are emphasizing the high utility of tempered glass in car windows to lower the risk of unintentional injuries and cut down on break-ins, which is fueling demand for the world's tempered glass market. As investments in the area rise over time, new developments in the building sector will emerge, supporting market expansion.
Additionally, China and India's expanding construction markets. The rapid growth of commercial buildings in India has been influenced by the country's booming information technology sector. When compared to the same month in 2019, Japan's construction production fell by 6.9% in July of 2020. Additionally, the total area of new construction in Japan decreased by around 10.5% between 2019 and 2020, from about 127.55 million square meters in 2019 to approximately 113.74 million square meters in 2020.
The electronics industry also uses tempered glass to guarantee the longevity of screens. The world's top producers of electronics and electronic components are China, Vietnam, Korea, and Japan. The market need for tempered glass will increase in the upcoming years due to Japanese electronics and IT firms' total production, which was valued at USD 327.1 billion in 2020 and is predicted to expand at an approximate 4% annual pace to reach nearly USD 340 billion by 2021.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances
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Asia Pacific is likely to maintain its largest share in the Tempered Glass market throughout the forecast period. Due to the considerable increase in the automobile industry among developing economies like China, India, and Malaysia over the course of the projected period, Asia-Pacific is expected to dominate the market.
The ongoing expansion of the building sector, particularly in developing nations, and the rising consumer use of tempered glass or toughened glass as a mobile accessory are the main drivers propelling the growth of the global tempered glass market. The demand for the worldwide tempered glass market would also increase over the forecast period as a result of rising government spending on infrastructure development and fast urbanization in developing nations like India.
Construction market hold the largest share in 2021. The larget share is mainly due to sustained economic growth coupled with rise in foreign direct investment (FDI) inflow in construction sector where tempered glass is widely employed as toughened glass in mirrors frames, doors, and others.
