A brief overview of Tempered Glass Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
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tempered glass market was valued at $46 billion in 2016, and is projected to reach $65 billion by 2023, registering a CAGR of 5.0% from 2017 to 2023. Tempered glass is a type of float glass, which is manufactured by rapidly cooling the molten silica mix which has been heated up to 600°C.
Tempered glass is also termed as toughened glass as it is believed to be four times stronger than normal glass. Tempered glass, when broken results into harmless granular pieces.
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In toughened or tempered glass, activities such as drilling, cutting, sandblasting, and machining are not possible.
Upsurge in demand for end-use industry such as construction and automotive drives the market for tempered glass. Moreover, the increase in consumer demand for tempered glass for furniture and interior applications boosts the market growth.
However, the increased usage of laminated glass in the manufacturing industry owing to its properties such as lightweight and anti-breakage hampers the market growth of tempered glass. Nevertheless, the growth of construction industry in Middle East and the rise in building and construction industry in countries such as India, Brazil, Indonesia, Vietnam, and Argentina offer numerous growth opportunities for tempered glass manufacturers.
The global tempered glass market is segmented based on end-user industry and geography. Based on end-use industry, it is divided into automotive, construction, and others.
By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players profiled in this study include:
- Guardian Industries
- NSG Group
- Asahi Glass Company (AGC)
- PPG Industries
- AFG Industries
- Cardinal FG
- Shanghai Northglass Technology & Industry Co., Ltd.
- AYG Coating Glass Co., Ltd.
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