Tempered glass is a type of safety glass that has undergone a specialized thermal treatment process to increase its strength compared to regular glass.
The tempered glass market consists of sales, by entities (organizations, sole traders and partnerships), of tempered glass that is used for its strength and durability.
Tempered glass is manufactured through a process of thermal or chemical treatments to enhance its strength and safety properties. Initially, the glass is cut to the desired size and shape, followed by a thorough cleaning to remove any impurities. It is then heated to near its softening point and rapidly cooled using either air or oil jets, creating compressive stresses on the surface while the core remains in tension. This process increases the strength of the glass, making it resistant to impact and thermal stress.
The global tempered glass market was valued at $50,639.8 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Growth In Automotive Production
Growth in automotive production fueled the growth of the tempered glass market during this historic period. Automakers utilize tempered glass for its sleek design and versatility, enabling innovative vehicle designs like panoramic sunroofs and curved windows. Its superior durability compared to traditional glass enhances longevity, reducing maintenance needs and costs for both manufacturers and consumers in the demanding automotive environment. For example, according to the Society of Indian Automobile Manufacturers (SIAM), an India-based not-for-profit national body, sales of passenger vehicles in India increased by 13.2% in the fiscal year 2021 to 3.07 million from 2.71 million in 2020.
Additionally, according to MarkLines, a Japan-based provider of forecast reports of the automotive industry, in October 2023, auto sales in the USA increased by 2.0% compared to October 2022. The new vehicle sales volume for the month of October 2023 was 1,211,141 units, which represented a 2.0% increase from October 2022. Therefore, the growth in automotive production drove the growth of the tempered glass market.
Launch Of Innovative Products With Enhanced Durability and Anti-Scratch Technology
Companies in the tempered glass market are launching innovative products aimed at offering enhanced durability and anti-scratch properties. For instance, in July 2023, SOROO, an India-based gadget accessory and consumer electronics accessory manufacturing company, launched a new range of tempered glass THOR SERIES. The Soroo Thor Series offers superior durability with anti-scratch properties that exceed those of standard products. Its anti-static feature prevents dust accumulation, ensuring a clean surface. Additionally, the anti-fingerprint coating minimizes fingerprint adhesion, maintaining a pristine screen appearance over time.
The global tempered glass market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 29.41% of the total market in 2022.
Tempered Glass Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global tempered glass market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for tempered glass? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The tempered glass market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider tempered glass market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by shape and by end-use industry.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the tempered glass market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by shape and by end-use industry in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for tempered glass providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Plain Glass; Colored Glass
- 2) By Shape: Flat Tempered Glass; Bent Tempered Glass
- 3) By End-Use Industry: Automotive; Construction; Electrical And Electronics; Other End-Use Industries
- Companies Mentioned: Compagnie de Saint-Gobain S.A.; Pittsburgh Plate Glass Company; Corning Incorporated; Nippon Sheet Glass Co. Ltd.; Xinyi Glass Holdings Limited
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; tempered glass indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.