Press release
Tempered Glass Market 2024 Top Key Player Analysis – Fuso, Guardian Industries, NSG, Asahi, PPG Industries, and Saint-Gobain
Tempered Glass Market is likely to exceed USD 40 billion by 2024; according to a new research report.
Increasing government initiatives on infrastructure facilities accompanied with widening application outlook in construction sector will favor tempered glass market demand. Improving standard of living along with rising consumer spending on interior furniture designing owing to disposable income and rapid urbanization in India, China and Brazil will stimulate industry growth.
Rise in tempered glass market demand owing to high strength, safety, anti-breakage, and heat resistance properties coupled with its wide usage in public buildings including phone booths, bus terminals, canopies gymnasiums and sports arenas should stimulate market demand. Rising government regulatory support to favor infrastructure development towards residential and commercial buildings should stimulate the market growth.
U.S. tempered glass market is likely to be over USD 7.5 billion by 2024 due to rising consumer expenditure on interior and exterior designs resulting to high aesthetic value. Increasing application outlook in construction, automotive, and furniture sectors should stimulate industry growth in the region. Emergence of various car manufacturing companies including Nissan, Honda, and Volkswagen may have a positive impact in the overall industry.
Tempered glass market from automotive applications may exceed USD 11 billion up to 2024. It is preferably used in side and rear windows on account of its durability, safety, tensile strength and thermal resistance will favor product demand. Increasing product usage for automobile manufacturing owing to lightweight and anti-breakage characteristics should stimulate industry growth.
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Germany tempered glass market demand should exceed consumption at over 1.2 million tons by 2024. Rising smartphone penetration rate owing to high disposable income, and high demand for technically advanced products owing to its superior properties including scratch resistance, heat resistance, shock protection and durability should boost industry growth in the region. Increasing innovation to enhance passenger reliability and safety along with R&D spending towards advanced technology may favor automotive sector in the region.
Toughened glass market from greenhouse applications is likely to witness steady growth close to 3.5% over the forecast timeframe. It is preferably used for greenhouse walls, doors, and roofs on account of its ability to handle fluctuating climatic conditions. Rising green and energy efficient buildings construction along with safety glazing should stimulate industry growth.
India tempered glass market is poised to exceed USD 4 billion during the forecast timeframe. Increasing consumer awareness regarding safety along with growing automotive industry will have a positive impact on the regional growth. Availability of skilled labor at cheaper costs coupled with easy raw material procurement may enhance product demand. It is used in rear and side windows of vehicles including cars, trucks, vans and SUV's due to safety purposes and preventing damage caused from rollover accidents.
Fuso, Guardian Industries, NSG, Asahi, PPG Industries, and Saint-Gobain are the prominent industry participants in toughened glass market. Manufactures are engaged in various strategies including partnerships & acquisitions in order to enhance the product portfolio and global reach.
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Table of Content:
Chapter 1. Methodology and Scope
1.1. Research methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Tempered glass market 3600 synopsis, 2017 –2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3. Tempered Glass Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Global flat glass industry trends
3.7. Pricing analysis
3.7.1. Regional Pricing
3.7.1.1. North America
3.7.1.2. Europe
3.7.1.3. Asia Pacific
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Cost structure analysis
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Asia Pacific: Increasing construction industry
3.8.1.2. Europe: Positive automotive industry outlook
3.8.1.3. North America: Favorable regulations
3.8.1.4. MEA: Expansion of construction industry
3.8.1.5. Latin America: Increasing smartphone market in Brazil
3.8.2. Industry pitfalls & challenges
3.8.2.1. Availability of substitutes
3.9. Innovation & sustainability
3.10. Growth potential analysis, 2016
3.10.1. Emerging business models
3.11. Porter's analysis
3.12. Competitive landscape, 2016
3.12.1. Strategy dashboard
3.13. PESTEL analysis
Chapter 4. Tempered Glass Market, By Application
4.1. Global tempered glass market share by application, 2016 & 2024
4.2. Construction
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.2.3. Residential
4.2.3.1. Market estimates and forecast, 2013 - 2024
4.2.3.2. Market estimates and forecast, by region, 2013 – 2024
4.2.4. Commercial
4.2.4.1. Market estimates and forecast, 2013 - 2024
4.2.4.2. Market estimates and forecast, by region, 2013 – 2024
4.2.5. Industrial
4.2.5.1. Market estimates and forecast, 2013 - 2024
4.2.5.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Automotive
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.3.3. Rear windows
4.3.3.1. Market estimates and forecast, 2013 - 2024
4.3.3.2. Market estimates and forecast, by region, 2013 – 2024
4.3.4. Side windows
4.3.4.1. Market estimates and forecast, 2013 - 2024
4.3.4.2. Market estimates and forecast, by region, 2013 – 2024
For More Info: https://www.reuters.com/brandfeatures/venture-capital/article?id=45850
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