Global Tempered Glass Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global tempered glass market in its upcoming report titled, “Global Tempered Glass Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global tempered glass market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tempered glass market report has been segmented on the basis of   application, and region.

Tempered glass is the toughened glass that is treated by heat or chemical treatment to increase its strength as compared to normal glass. It is considered four times stronger than annealed glass. Tempered glass have various uses and benefits which makes it more popular and preferable glass in construction sector. Tempered glass products are stronger than normal glass and are majorly used for safety purposes as tempered glass breaks into small granular pieces rather than sharp edges which prevents severe damage and injury in individuals. Tempered glass is majorly used in automotive, construction, furniture, and home appliances due to its superior properties.

Tempered glass is widely used in automotive window panes, building windows, furniture, and interior building activities. Rising automotive and construction industries, and increasing individual preference for improved infrastructural facilities are major factors expected to drive growth of the global market over the forecast period. In addition, increasing usage of smartphones, tablets and laptops among users is another factor supporting growth of the global market as tempered glass provides safety, thermal resistance and strength to the screen.

However, increasing adoption of laminated glass in automobile industry, owing to its properties such as anti-breakage and lightweight is a key factor expected to restrain growth of the global market over the forecast period. In addition, volatility in raw materials cost used for manufacturing tempered glass products such as nickel-sulfide, calcium oxide, silicon dioxide, and sodium oxide may hamper growth of this market in the near future.

Recent trend observed in the market is the increasing use of tempered glass in photovoltaics. They are majorly used owing to its lightweight benefits as it reduces transportation costs and favors easy transport from one place to another.

Rising construction industry in developing countries such as India, Indonesia, Brazil, Argentina, and Middle East expected to create potential revenue opportunities for this market.

Asia Pacific is projected to be the highest growth in terms of revenue, owing to increasing usage of tempered glass in construction industry and increasing demand for luxury and premium cars in India, China, and Malaysia. The market in Europe accounted for second-highest revenue share in the global market, due to increasing smartphone penetration, and presence of major players operating in this market.

Global tempered glass market segmentation:

Segmentation by application:

• Automotive
• Construction
• Others (Green House, Home appliances, Gadgets, Furniture)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa