Global Tempered Glass Market research Report showing Compound annual growth rate and forecast till 2025

2018-05-16 13:16:22

Global Tempered Glass Market

According to a new report published by Reports Monitor titled, “Global Tempered Glass Market” the global tempered glass market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. 

Toughened glass popularly known as Tempered Glass is a type of security glass which is refined by controlled thermal and chemical treatments to enhance its strength as compared to a normal glass. The requirements of tempered glass allow it to break up into smaller gritty chunks instead of breaking into small pieces. The tempering process puts the external surfaces into compression while the internal surfaces into tension. It is mainly produced by controlled thermal process or chemical treatment to increase its overall strength. Tempered glass is more long lasting comparatively any other normal glass. These are widely used in balcony doors, athletic facilities, exhibition areas and displays, swimming pools, facades, shower doors and bathroom areas, computer towers or cases. 

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Increase in its application scope in construction and automotive industries along with increasing consumer demand for improved infrastructure facilities have driven tempered glass market. Increase in the demand for high-end smartphones and laptops have given a boost to the market. The smartphone market globally is growing at a rapid pace owning to its technological progress such as high-speed internet surfing, personal data management and various innovative applications. The increasing demand in automobile industry especially for the rear and side windows owing its higher properties such as durability, safety, reliability, thermal shock resistance and flexible strength can trigger the industry growth. 

The regulations covering building & construction and automotive industry acts as a constraint to the growth of the tempered glass or toughened glass market in near future. Furthermore, the complex process designing of tempered glass is hampering the market. Increasing usage of laminated glass in the manufacturing and automotive industry due to various advantageous features such as light weight properties, anti-breakage and economical it could be a major determinant in hampering the growth of the tempered glass market.

With increase in construction activities in developing nations such as India, Brazil, Indonesia, Argentina and the Middle East growth opportunity for the tempered glass market.

The market can be bifurcated on the basis of end-user such as construction industry, automotive industry and others.

The global tempered market is divided on regional basis into North America, Europe, Asia-Pacific (APAC) and LAMEA. 

The APAC region has the dominance in global tempered, in terms of both value and volume. The market is expected to emerge as the fastest growing market in developing countries like India, China and Japan. North-America shares a considerable potential in the market. 

European region has prominent share in the tempered or toughened glass market.

The major key vendors in this market are Asahi Glass, Cardinal Glass Industries, Koch Industries, Nippon Sheet Glass, SGG, Vitro, Saint-Gobain, Asahi, NSG, Guardian Industries Corp, Abrisa Technologies, Fuso, and PPG Industries catering to domestic and international market.

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