Market Size of Tempered Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Tempered Glass Market Analysis
The tempered glass market is projected to register a CAGR of more than 6% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The expansion of the construction industry is expected to fuel the demand for labor across the globe during the forecast period.
- On the other hand, the increasing use of alternative lightweight products such as laminated glass, etc. is expected to hinder market growth during the forecast period.
- However, rising demand from the electronics industry will open up new opportunities in the global market under consideration.
- During the forecast period, the Asia-Pacific region is expected to have the most market share. This is because India, China, and Japan are all developing quickly.
Tempered Glass Industry Segmentation
The tempered glass is manufactured through an annealing process that uses thermal treatment to toughen the glass. Tempered glass has high strength, withstanding capacity, and thermal resistance. It finds its major applications in the construction and automotive industries. The tempered glass market is segmented by end-user industry and geography. By end-user industry, the market is segmented into automotive, construction, electronics, and other end-user industries. The report also covers the market size and forecasts for the market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).
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Tempered Glass Market Size Summary
The tempered glass market is poised for steady growth, driven by the expansion of the construction industry and increasing demand from the electronics sector. Despite the initial setback due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The construction sector's rapid growth, particularly in regions like Asia-Pacific, is a significant contributor to this demand. Tempered glass, known for its high tensile strength and thermal resistance, is extensively used in residential and commercial buildings for applications such as sliding doors, building facades, and interior design elements. The burgeoning construction activities in countries like China and India, fueled by urbanization and infrastructure projects, are key factors supporting the market's expansion.
In addition to construction, the electronics industry presents new opportunities for tempered glass, as it is increasingly used to enhance the durability of screens. The Asia-Pacific region, with its robust construction and electronics sectors, is expected to dominate the global market. The region's growth is supported by favorable government policies and technological advancements in countries like India, China, and Japan. The market is consolidated, with major players such as Saint-Gobain, AGC Inc., and Guardian Industries Holdings leading the way. Innovations like AGC's digital twin technology for glass melting processes and Guardian's Resource Hub for technical information are indicative of the industry's focus on enhancing production efficiency and product quality.
Tempered Glass Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from the Construction Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Increasing Use of Other Light Weight Products
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 End-user Industry
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2.1.1 Automotive
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2.1.2 Construction
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2.1.3 Electronics
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2.1.4 Other End-user Industries
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Tempered Glass Market Size FAQs
What is the current Tempered Glass Market size?
The Tempered Glass Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Tempered Glass Market?
Saint-Gobain, AGC Inc., GSC GLASS LTD, CARDINAL GLASS INDUSTRIES, INC and Guardian Industries Holdings are the major companies operating in the Tempered Glass Market.
