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According to the latest report from IMARC Group, the global tempered glass market reached a value of US$55.7 billion in 2020. Going forward, the market is expected to grow at a CAGR of 5.3% during the period 2021-2026.
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Tempered glass is made using hot and high pressure cooling procedures. It is durable, lightweight, heat, impact and scratch resistant, and has high strength compared to annealed glass. Therefore, it is widely used as a screen protector for consumer electronics, such as smartphones and tablets. It is also used in the production of shower doors, automobile windows, refrigerator trays, architectural doors and tables, bulletproof products, kitchen utensils and diving masks.
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Market trends
One of the major factors propelling the growth of the global tempered glass market is rising consumer electronics sales owing to inflation in income levels and rapid urbanization. Apart from this, rising construction activities coupled with growing demand for sustainable building materials further enhances the growth of the market. Additionally, owing to the numerous benefits associated with the use of tempered glass, it is gaining popularity in the manufacture of solar photovoltaic (PV) panels, which is expected to offer a positive outlook for the market growth in the coming years.
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The report has segmented the market based on type, form, deployment type, application, and geography.
Breakdown by type:
- Ordinary glass
- colored glass
Breakdown by form:
- Flat Tempered Glass
- Curved tempered glass
Breakdown by application:
- Construction
- Automotive
- Household appliances
- Gadgets
- Others
Geographical distribution :
- North America (USA and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the major players being Asahi Glass Co., Ltd., Dlubak Specialty Glass Corporation, Guardian Industries, Nippon Sheet Glass (NSG), Co. Ltd, Press Glass SA, Romag, Saint-Gobain SA, Taiwan Glass Ind. Corp., Virginia Mirror Co., Fuso India Pvt Ltd. etc
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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