Tempered Glass Market

Tempered Glass Market generated a revenue of USD 36.7 billion in 2021 and is expected to reach USD 57.6 billion in 2029, witnessing a CAGR of 5.8% over the upcoming years, owing to the increasing digitalization and accelerating penetration of smart consumer electronics.

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Key Drivers

The major factors which are driving the growth of the global tempered glass market include the continuous growth in the construction industry, especially in the developing countries and the increasing adoption of tempered glass or toughened glass as a mobile accessory by the consumers. Moreover, the increasing government spending on infrastructural development and rapid urban development in developing countries like India will further boost the demand for the global tempered glass market during the forecast period. Growing adoption of Tempered glass across several industries which include automobile, home furnishing, consumer electronics, and construction owing to its higher efficiency over the traditional annealed glass in terms of design versatility, heat resistivity, lightweight, and tensile strength, which will strengthen the market growth. Also, with the increase in remodeling activities across these markets, the traditional glass is being replaced with tempered glass across the residential and commercial infrastructures, fueling the market growth. Moreover, the lightweight and higher strength of tempered glasses has increased their application in automobile manufacturing, strengthening the market growth. Furthermore, strong investments in building infrastructure across nations like the U.S., Japan, China, Mexico, and India, have bolstered the building & construction sector growth. For instance, as per the report published by National Investment Promotion and Facilitation Agency, the infrastructure activities stood for 13% share of the total foreign direct investment (FDI) inflows in 2021.

In addition to this, the growing number of product development with the usage of tempered glasses to enhance the shelf-life of the appliances will fuel the growth of the global tempered glass market. Increasing usage of the tempered glass in the mobile accessory to sustain the durability and reduce the chances of screen damage will have a positive impact on the market’s growth. Furthermore, the rising government initiatives to reduce greenhouse gas emissions and traffic safety rules for the glass products are other factors that will bolster the demand of the global tempered glass market in the coming years. However, the easy availability of the substitute material is a key challenge for the growth of the global tempered glass market over the forecast period.

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End-User Segment Analysis

Construction segment is predicted to witness a promising growth during the forecast period, because of the growing deployment of the tempered glass in several applications which include electrical equipment, cooking appliances, and solar energy. The increasing application of glass materials in the infrastructural exterior and interior designing to enhance its aesthetic value, will drive the market growth. The global construction industry was estimated at USD 12 trillion in 2019, increasing at a growth rate of about 4%, as compared to 2018, thereby stimulating the demand for tempered glass across different construction applications. Automotive segment is expected to lead the market because of the growing demand for tempered glass in the production of backlights and windows is expected to propel its demand over the forecast period.

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Regional Analysis

Asia-Pacific is anticipated to lead the market owing to the significant growth in the automobile industry among the developing economies like China, India, and Malaysia during the forecast period. Furthermore, the leading manufacturers are focusing on the high utility of the tempered glass in the car windows to minimize the chances of the accidental injuries and reduce break-in into sharp pieces, which is propelling the demand of the global tempered glass market. The increasing investments in the region to bring innovations in the construction industry through the years, which will strengthen the market growth. Moreover, the growing demand for construction in China and India. The expansion of information technology sector in India has encouraged the boost the commercial buildings in recent times. The growing adoption of tempered glass in the electronics sector to ensure the strength of screens, which will expand the market growth.
On the other hand, the Europe region is expected to grow at a higher CAGR during the forecast period due to the rising demand in the automobile and construction industry, especially in countries like the U.K., Germany, and France.

Top Market Players

Various notable players operating in the market include 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 among others.

Key Developments:

• • In 2021, Airxcel Inc. acquired Cleer Vision Windows Inc., a tempered and specialty glass producer, thereby enhanced the company’s product portfolio and its business.
  • In 2020, TOMAKK GLASS PARTNERS LLC introduced a tempered glass manufacturing facility in Shreveport of Louisiana, United States, making an investment of USD 1.95 million, thus enhancing the company’s business and product portfolio.
  • In 2018, Guardian Industries launched Vacuum I.G. ™ in the convention of the American Institute of Architects Convention in New York City. Vacuum I.G. glasses are insulated into the wall with thermal insulation at an R-value of up to 12 for 8-mm thickness, compared to single pane glass at R-1.

The global tempered glass market has been segmented based on end-user and key regions. Based on end-user, the market is segmented Automotive, Construction, and Others.

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Key questions answered in this research report:

• • At what pace is the global tempered glass market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global tempered glass market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global tempered glass market?
  • Which end-user generated maximum revenues in 2021 and identify the most promising end-user during the forecast period?
  • What are the various end users of the global tempered glass market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

       Market Segmentation

Global Tempered Glass Market by End-User  

• • Automotive
  • Construction
  • Others

Global Tempered Glass Market by Region

• • North America Tempered Glass Market (Option 1: As a part of the free 25% customization)
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Tempered Glass Market (Option 2: As a part of the free 25% customization)
    • By End-User
    • Spain Market All-Up
    • Germany Market All-Up
    • UK Market All-Up
    • France Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Tempered Glass Market (Option 3: As a part of the free 25% customization)
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW Tempered Glass Market (Option 4: As a part of the free 25% customization)
    • By End-User
    • Brazil Market All-Up
    • UAE Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • Rest of world Market All-Up

Leading market players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 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