Tempered Glass Market to Witness Growth Acceleration During 2017-2027
Owing to various properties of tempered glass, such as strength and safety, it is widely used in a variety of applications, such as shower doors, vehicle windows, refrigerator trays, mobile screen protectors and architectural glass doors and tables. Tempered glass is used in various end-use industries, including construction and automotive. Tempered glass is highly used in various passenger vehicles as they are subjected to constant cooling and heating as well as intense temperature changes throughout the year. Within the construction industry, tempered glass is used in both interior and exterior elements of various structures, such as skylights, large windows, elevators, sliding doors, windows, etc. which extend close to the floor level, as well as near swimming pools, doorways and stairways due to its high strength and ability to ensue safety.
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Global Tempered Glass Market: Dynamics
Increasing consumer expenditure on interior designing is anticipated to be a major factor driving the growth of tempered glass market over the forecast period. Moreover, growing construction and automotive industries in emerging economies will also add to the growth of the tempered glass market in near future. Furthermore, the upsurge in demand for tempered glass from end-use industries will also promote the growth of the market in near future. That apart, growing use of tempered glass in furniture is also expected to support the growth of the market over the forecast period. Similarly, increasing use of tempered glass or toughened glass as a mobile accessory is also expected to promote traction in the tempered glass market over the forecast period.
Increased usage of laminated glass in the automotive and manufacturing industry due to its various beneficial features, such as anti-breakage and light weight properties, is anticipated to be a major factor hampering the growth of the tempered glass market over the forecast period. Moreover, stringent regulations covering building & construction and automotive industry are also expected to act as a restraining factor for the growth of the tempered glass market in near future. Furthermore, the complexity in the design of tempered glass is a restraint - once the glass gets toughened, it can be re-worked. This factor is also anticipated to hinder the growth of the market over the forecast period.
Global Tempered Glass Market: Segmentation
The global tempered glass market can be segmented on the basis of end user.
By end-user type, the tempered glass market can be segmented into:
Global Tempered Glass Market: Region-wise Outlook
Asia Pacific is anticipated to be closely followed by North America throughout the forecast period. Both of these markets are expected to witness massive growth in the tempered glass market due to the estimated growth in construction sector in emerging economics, such as China and India. Western Europe is estimated to grow at a substantial CAGR during the forecast period owing to high demand for tempered glass in the growing automotive and construction sector in the region. Latin America, in particular, is projected to support growth in the tempered glass market due to increasing usage of tempered glass in interior and exterior elements of different structures. Japan and Middle East and Africa are expected to support the growth of tempered glass market over the forecast period owing to growing construction activity in countries, such as UAE, Saudi Arabia etc.
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Global Tempered Glass Market: Key Participants
Some of the market participants identified across the value chain of the global tempered glass market include:
Asahi Glass Company (AGC)
AYG Coating Glass Co., Ltd.
Shanghai Northglass Technology & Industry Co., Ltd.
Tyneside Safety Glass
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