Press release
Tempered Glass Market Forecasts: 2024 Insights, Overview and Forecast
Tempered Glass Market Forecasts
The tempered glass market size is expected to see strong growth in the next few years. It will grow to $88.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles, rise in smart home technology, expansion of aerospace industry, increase in renovation projects, sustainability initiatives. Major trends in the forecast period include advancements in manufacturing technology, curved and shaped glass designs, privacy glass technology, anti-reflective coatings, frameless glass installations.
Market Overview -
Tempered glass refers to an extremely strong glass that is about four times stronger than normal or annealed glass. It is made by thermally treating annealed glass to induce compressive stresses of 11000-20000 psi on the surface and edge compression of not less than 9700 psi, widely used in modern architecture due to its strength and safety properties.
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Mobile Phone Accessories Market Surges Growing Demand For Tempered Glass
The increasing use of tempered glass in mobile phone accessories propels the growth of the tempered glass market. Consumers often view mobile phones as premium products and are willing to spend on external accessories such as tempered glass screen protectors. Tempered glass products have emerged as the most widely used screen protection technology over the years due to their high quality and multi-layered, shock-absorbent properties. The increasing use of tempered glass in mobile phone accessories to sustain durability and reduce the chances of screen damage will drive the demand for tempered glass.
Competitive Landscape -
Major companies operating in the tempered glass market report are Saint-Gobain SA, Dlubak Specialty Glass Corporation, Guardian Industries Corp., Asahi Glass Co. Ltd., PPG Industries Inc., AFG Industries Inc., Pilkington Brothers Limited, Cardinal Glass Industries Inc., Shanghai Northglass Technology & Industry Co. Ltd., AYG Coating Glass Co. Ltd., Abrisa Technologies Co., Airxcel Inc., Asahimas Flat Glass Tbk, GSC Glass Ltd., Hindustan National Glass & Industries Limited, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Press Glass Holding SA, Turkiye Sise ve Cam Fabrikalari AS, Vitro Corp., Fuyao Glass Industry Group Co. Ltd., Xinyi Glass Holdings Limited, Schott AG, Shanghai Yaohua Pilkington Glass Group Co. Ltd., Euroglas GmbH, Huihua Glass Co. Ltd., Jinjing Group Co. Ltd., Luoyang Glass Company Limited, Sangalli Servomotori Srl, Shandong Jinjing Science and Technology Stock Co. Ltd., Shandong Yaohua Glass Co. Ltd., Sisecam Flat Glass Ltd., Taiwan Glass Industry Corp., Tianjin CSG Architectural Glass Co. Ltd., Trulite Glass & Aluminum Solutions LLC, Viracon Inc.
Innovative Glass Manufacturing Advancements In Tempered Glass Production
Tempered glass manufacturers using new, advanced technologies for manufacturing glass is a key trend in the market. For example, low-temperature glass joints for optics and precision mechanics are increasingly being used by glass manufacturers. This process was developed in collaboration with Fraunhofer IOF, a leading institute for Applied Optics and precision engineering, and Vistec Electron Beam GmbH, a leading company for advanced electron-beam lithography. These stable and strong inorganic joints produced by this new process ensure high mechanical strength with minor optical losses.
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Key Segments -
The tempered glass market covered in this report is segmented -
1) By Shape: Flat Tempered Glass, Bent Tempered Glass
2) By Type: Plain Glass, Coloured Glas
3) By End Use Industry: Automotive, Construction, Electrical And Electronics, Other End Use Industry
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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