Global Tempered Glass Market Report and Forecast 2024-2032

Global Tempered Glass Market Report and Forecast 2024-2032

Global Tempered Glass Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global tempered glass market size reached a value of USD 59.72 billion in 2023. Aided by the increasing awareness regarding the advantageous properties of tempered glass as compared to standard glass, the market is projected to further grow at a CAGR of 7.6% between 2024 and 2032 to reach a value of USD 115.45 billion by 2032.

Tempered glass, also known as toughened glass, is a type of safety glass processed by controlled thermal or chemical treatments to increase its strength compared with normal glass. The tempering process puts the outer surfaces into compression and the inner surfaces into tension, which causes the glass, when broken, to crumble into small granular chunks instead of splintering into jagged shards. These granular chunks are less likely to cause injury, making tempered glass ideal for applications in environments where human safety is a concern.

One of the primary drivers of the tempered glass market growth is the growing demand from the construction industry. The increasing number of infrastructure projects, particularly in emerging economies, is propelling the demand for durable and safety-oriented building materials. Tempered glass is extensively used in buildings for applications such as windows, doors, facades, and partitions due to its high strength and safety features.

In addition, the automotive industry significantly contributes to the tempered glass market expansion. Tempered glass is commonly used in vehicle windows and windshields because of its safety properties. The surge in automotive production, coupled with the rising emphasis on passenger safety, is boosting the demand for tempered glass in this sector.

Moreover, the rising consumer awareness regarding safety and security is encouraging the adoption of tempered glass in residential and commercial buildings. The increasing incidences of accidents involving glass breakage have led to a heightened preference for safety glass products, further driving the market growth.

Innovations in tempering processes and the development of advanced tempering machines are enhancing the quality and strength of tempered glass, making it more desirable for various applications, thus increasing the tempered glass market share. Increasing environmental concerns are driving the adoption of eco-friendly production practices in the glass industry. Companies are focusing on reducing their carbon footprint and developing recyclable tempered glass products.

The integration of smart technologies in glass products, such as switchable glass and self-cleaning glass, is gaining traction. These innovations are expected to create new opportunities in the market. The increasing focus on renewable energy sources is boosting the demand for tempered glass in solar panel production. The durability and strength of tempered glass make it ideal for protecting solar cells and enhancing the efficiency of solar panels.

As per the global tempered glass market analysis, rapid urbanization and industrialization in emerging economies present significant growth opportunities for market players. The increasing number of construction projects and the growing automotive industry in these regions are expected to drive the demand for tempered glass. The growing demand for durable and scratch-resistant screens in electronic devices such as smartphones, tablets, and laptops is creating new opportunities for tempered glass manufacturers. Continuous advancements in product design and the development of new tempered glass applications are expected to open up new avenues for market growth.

Looking ahead, the tempered glass market is poised for steady growth, driven by the increasing demand from various end-use sectors and the ongoing technological advancements in glass production. The market is expected to witness significant growth in the Asia Pacific region, supported by the booming construction and automotive industries.

Market Segmentation

The market can be divided based on type, end use and region.

Market Breakup by Type

• Plain Glass
• Coloured glass

Market Breakup by End Use

• Automotive
• Construction
• Consumer Electronics
• Others

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tempered glass market. Some of the major players explored in the report by Expert Market Research are as follows:

• AGC Inc.
• Saint-Gobain S.A.
• Cardinal Glass Industries, Inc.
• Guardian Industries Holdings
• Nippon Sheet Glass Co., Ltd
• Airxcel, Inc.
• Kibing Group
• SCHOTT AG
• Tomakk Glass Partners, LLC
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.