Press release
Tempered Glass Market to cross 4.3 billion square meters consumption by 2024| Fuso, Guardian Industries, NSG, Asahi, PPG Industries, and Saint-Gobain
Tempered Glass Market
Toughened glass is used for protecting the screens of various gadgets such as smartphones, tablets and laptops. Tempered glass market from gadget applications may expect gains at over 5% by 2024 owing to increase in phone usage among the youth population. Growing smartphone market in Poland, Taiwan, Australia, and Brazil is likely to drive market demand.
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Tempered Glass Market may exceed USD 40 billion by 2024.Growth in commercial construction such as offices, malls, hospitals and hotels accompanied with rise in infrastructure spending should drive tempered glass market demand. Rising awareness regarding energy-efficient buildings owing to high threat of GHG emissions and increasing usage of solar thermal panels for electricity generation will stimulate market demand. It is four to five times stronger than the normal or annealed glass providing resistance to thermal breakage and antibreakage properties leading to high safety and security.
Positive outlook in automotive industry owing to high production of passenger and commercial vehicles in China, India, and Japan may drive overall industry growth. Tempered glass market demand from automotive applications is poised to surpass USD 11 billion over the forecast timeframe. It is fitted in the rear and side windows of vehicles enabling passenger safety from various accidents and injuries. It is treated by heating through various chemical processes followed by rapid cooling where it gains strength and shatters in harmless pebble like pieces thereby providing safety for the passengers.
Toughened glass is used for protecting the screens of various gadgets such as smartphones, tablets and laptops. Tempered glass market from gadget applications may expect gains at over 5% by 2024 owing to increase in phone usage among the youth population. Growing smartphone market in Poland, Taiwan, Australia, and Brazil is likely to drive market demand.
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Tempered glass market demand from residential construction is expected to surpass USD 6.5 billion owing to rising middle class population, increasing disposable income and willingness to spend money on household refurnishing will drive market growth. These are in compliance with residential building codes where they are installed in home to reduce death or injury risk.
Global tempered glass market share is competitive and moderately fragmented with industry players include Guardian Industries, Fuso, Asahi, PPG Industries, and Abrisa Technologies. Manufacturers are focusing on enhancing their product portfolio and global reach by establishing partnerships and acquisitions.
North America led by the U.S. and Canada tempered glass market demand may register growth at over 4% by the end of forecast period. High economic conditions along with increasing government spending on infrastructure facilities should foster regional growth.
Partial Chapter of the Table of Content:
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
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/tempered-glass-market
Europe, led by Germany, UK and France toughened glass market should exceed USD 9.5 billion by the end of foreseeable timeframe. Rising construction spending in residential sector owing to massive movement of immigrants to western European countries such as Germany and the Netherlands may fuel regional industry growth. Moreover, various automobile giants such as BMW, Mercedes and Audi are based in Europe which is positively affecting the tempered glass market demand.
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