According to IMARC Group’s latest report, titled “Tempered Glass Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global tempered glass market reached a value of US$ 55.7 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 5.3% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Tempered glass is manufactured from using heat and high-pressure cooling procedures. It is durable, lightweight, resistant against heat, shock and scratches, and exhibits high strength as compared to the annealed glass. Consequently, it is extensively utilized as screen protectors 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, cookware, and diving masks.
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Market Trends
The boosting sales of consumer electronics on account of inflating income levels and rapid urbanization represent one of the key factors propelling the global tempered glass market growth. Apart from this, the rising construction activities, in confluence with the escalating demand for durable building materials, are further bolstering the market growth. Moreover, owing to the several advantages associated with the usage of tempered glass, it is gaining popularity in the manufacturing of solar photovoltaics (PVs), which is expected to provide a positive outlook for the market growth in the coming years.
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The report has segmented the market on the basis of type, shape, deployment type, application and geography.
Breakup by Type:
- Plain Glass
- Coloured Glass
Breakup by Shape:
- Flat Tempered Glass
- Bent Tempered Glass
Breakup by Application:
- Construction
- Automotive
- Home Appliances
- Gadgets
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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. etc.
Key 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
- Comprehensive 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 a part of the customization.
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