Tempered Glass Market By End-User Industry (Automotive, Construction, And Others) - Global Forecast 2019 To 2025
Tempered Glass Market Overview:
The number of iPhones sold globally in Q4 2018 were 46.889 million units, with its maker Apple Inc. earning revenue of $37 billion. Several other smartphone companies in the world have reported similarly positive fiscal quarter results with high levels of mobile phone sales. Such is the tremendous reach of technology in human life through screened devices such as smartphones, tablets, and others that imagining a life without them seems completely impossible. Nearly all these devices would be rendered useless without a screen, of which tempered glass forms an essential component. Due to the consistent surge in sales of electronic devices all over the world, the tempered glass market has experienced noticeable growth in the last five years. However, smartphones and tablets are not the only devices where tempered glass has found application. Owing to its tenacity and thermal resistance, tempered glass is being used across a wide range of end user industries including automotive, construction, electronics, and many others. It has found the widest usage in the construction industry as its use is being solicited for replacing ordinary glass doors and windows. This application segment is evaluated to expand at a CAGR of 5.32% through to 2025.
Tempered glass is any glass that has been reheated and treated to a point where it is tenacious enough to withstand any collision. This material is thus extensively used to maintain the safety of a building, device, or machine. During the forecast period of 2019-2025, the tempered glass market is estimated to grow at a CAGR of 4.95%. This will be a noticeable growth over its global market revenue in 2018, which stood at $41 billion.
Tempered Glass Market Growth Drivers:
* Increasing Use of Tempered Glass For Safety Purposes In Glass Products
Production of tempered glass requires hardening of glass by means of chemical exposure or heat in order to increase its toughness and tenacity. This is leading to its increased popularity with the construction and electronics industries, where it ensures enhanced safety. Unlike normal glass panels, which break into jagged, sharp pieces, tempered glass breaks into circular and small pieces which help in avoiding any glass-related injuries that are likely to take place. This also ensures easier clean up especially in airports, hospitals and in the hospitality industry units such as restaurants, and hotels, where ensuring customer satisfaction is key. These factors will help in bolstering growth of the tempered glass market in the forecast period.
Tempered Glass Market Companies:
In the past two decades, the construction and automotive industries have experienced maximum growth in the APAC region. This is the reason why its countries collectively earned massive revenue in 2018, leading the region to hold a global share of 35%. Key players in the tempered glass market are Saint-Gobain, Guardian Industries, NSG Group, Asahi Glass Company (AGC), PPG Industries, AFG Industries, Pilkington, Cardinal FG, Shanghai Northglass Technology & Industry Co., Ltd., and AYG Coating Glass Co., Ltd.
France-based Saint Gobain has developed specialized tempered glass that is being utilized in the automotive industry, primarily for making side lights and back lights of vehicles.
Tempered Glass Market Trends:
Ø Tempered Glass in Solar Panels
Since non-renewable sources of energy are experiencing depletion on a large scale, an increasing number of countries are becoming reliant on energy generated from renewable sources. Companies are increasingly investing on solar panels built of tempered glass which has a high amount of strength and can be used for low reflection. This has become a disruptive trend for the market as an increasing number of companies gravitate towards inclusion of tempered glass in thin film solar panels, thus generating opportunities for the market.
Tempered Glass Market Research Scope
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the tempered glass market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
Tempered Glass Market Report: Industry Coverage
The tempered glass market can be segmented on the basis of product type, end user industry, and application. Based on end user industry, the market can be divided into automotive, construction, and others.
The tempered glass market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia
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