Tempered Glass Market

Global Tempered Glass Market:

The global tempered glass market size reached US$ 54.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 83.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The rising construction and infrastructure development, the expanding automotive industry, the growing demand for electronics and consumer goods, and ongoing technological advancements are primarily driving the market’s growth.

Tempered Glass Market Analysis:

• Major Market Drivers: Rapid digitalization coupled with the increasing penetration of smart consumer electronics such as smartphones, laptops, tablets, etc., is primarily driving the demand for tempered glass. Furthermore, the increasing awareness towards several structural properties such as durability, thermal shock resistance, tensile strength, etc., has catalyzed the tempered glass demand.
• Key Market Trends: Rapid urbanization, rising government expenditure on infrastructural development, and the rising usage of tempered glass for automobile manufacturing, owing to its lightweight and high strength, are acting as significant tempered glass market growth factors.
• Competitive Landscape: Some of the prominent tempered glass market companies include Asahi Glass Co., Ltd., Dlubak Specialty Glass Corporation, Guardian Industries, Nippon Sheet Glass (NSG), Co. Ltd, Press Glass SA, Romag, Saint-Gobain S.A, Taiwan Glass Ind. Corp., Virginia Mirror Co., and Fuso India Pvt Ltd., among many others.
• Geographical Trends: According to the tempered glass market dynamics, the Asia-Pacific region holds a prominent share in the global tempered glass market owing to the wide presence of prominent consumer electronics manufacturers. Moreover, North America holds a significant share of the tempered glass market, with steady growth driven by demand in the construction, automotive, and electronics industries.
• Challenges and Opportunities: High production costs in tempered glass technology and fluctuating raw material prices are hampering the market's growth. However, tempered glass is a key component in the production of solar panels due to its strength, durability, and ability to withstand harsh weather conditions. The global shift towards renewable energy, especially solar power, presents a significant opportunity for tempered glass manufacturers.

Tempered Glass Market Trends:

Growing Building Construction

The rising building construction is one of the key factors propelling the market's growth. For instance, according to IMARC, the global buildings construction market size is expected to exhibit a growth rate (CAGR) of 5.13% during 2024-2032. Rapid urbanization in emerging markets, along with increased infrastructure development projects, is boosting the demand for tempered glass. It is widely used in building facades, windows, and partitions due to its strength and safety features. These factors are expected to propel the tempered glass market in the coming years.

Expanding Electric Vehicle Industry

The growing demand for electric vehicles is significantly proliferating the market's growth. For instance, according to IEA, almost 14 million new electric cars were registered globally in 2023, bringing the total number on the road to 40 million. Electric vehicle sales in 2023 were 3.5 million greater than in 2022, representing a 35% year-on-year growth. As the electric vehicle demand grows, tempered glass is being incorporated for lightweight and strong windows to improve vehicle performance and fuel efficiency. These factors further positively influence the tempered glass market forecast.

Rising Smartphones Penetration

With global smartphone ownership on the rise, the demand for protective tempered glass has surged. For instance, according to Statista, between 2024 and 2029, the global number of smartphone users is expected to increase by 1.7 billion. After the sixteenth consecutive year of growth, the smartphone user base is expected to reach 6.2 billion users, marking a new high in 2029. As more consumers purchase smartphones, they often seek to protect their screens with tempered glass protectors, which are valued for their strength and ability to resist scratches and shattering, thereby boosting the tempered glass market revenue.

Global Tempered Glass Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global tempered glass market report, along with the tempered glass market forecast 2024-2032 at the global, regional, and country levels. Our report has categorized the market based on type, shape, and application.

Breakup by Type:

• Plain Glass
• Coloured Glass
   

The report has provided a detailed breakup and analysis of the tempered glass market based on the type. This includes plain glass and coloured glass. 

According to the tempered glass market outlook, plain tempered glass is a clear, transparent glass that has been heat-treated for increased strength and safety. It is widely used in windows, doors, and partitions where durability and high light transmission are needed. When broken, it shatters into small, blunt pieces to reduce injury risks. Moreover, colored tempered glass is a glass with added tints or coatings, tempered for strength and safety. Available in various colors, it offers aesthetic appeal, privacy, and glare reduction. Commonly used in facades, partitions, and decorative elements. Light transmission is reduced, and it can enhance energy efficiency by managing heat and UV exposure.

Breakup by Shape:

• Flat Tempered Glass
• Bent Tempered Glass
   

The report has provided a detailed breakup and analysis of the tempered glass market based on the shape. This includes flat tempered glass and bent tempered glass.

According to the tempered glass market overview, flat glass is strengthened through heat treatment for increased durability and safety. It is commonly used in applications like windows, doors, and table tops where a smooth, level surface is needed. When broken, it shatters into small, harmless pieces, reducing the risk of injury. Moreover, curved glass undergoes the tempering process for enhanced strength and safety. It retains the same durability as flat tempered glass but is bent to fit curved designs. Often used in architectural projects, vehicle windshields, and modern building facades for both functionality and aesthetics.

Breakup by Application:

• Construction
  • Residential
  • Commercial
  • Industrial
• Automotive
  • Rear Windows
  • Slide Windows
• Home Appliances
  • Refrigerators
  • Washing Machine
  • Microwave and Ovens
• Gadgets
  • Smartphones
  • Tablets
  • Laptop and Computers
• Others
   

The report has provided a detailed breakup and analysis of the tempered glass market based on the application. This includes construction (residential, commercial, and industrial); automotive (rear windows, and slide windows); home appliances (refrigerators, washing machine and microwave and ovens); gadgets (smartphones, tablets, and laptop and computers), and others. 

Tempered glass, based on its strength and safety features, is extensively utilized across multiple industries. In the construction sector, it is pivotal for enhancing the safety and durability of buildings, whether residential, commercial, or industrial. The automotive industry relies on tempered glass for critical components like rear and slide windows, which offer increased resistance to impacts. Home appliances such as refrigerators, washing machines, microwaves, and ovens also benefit from its robustness, preventing easy breakage. Additionally, in the realm of electronics, tempered glass is crucial for protecting the screens of gadgets like smartphones, tablets, laptops, and desktop computers, safeguarding them from scratches and drops. These segments are elevating the tempered glass market statistics.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Others
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa (Turkey, Saudi Arabia, United Arab Emirates, South Africa, and others).

According to the tempered glass market statistics, North America, particularly the United States and Canada, is one of the leading markets for tempered glass due to its widespread application in the construction and automotive industries. Moreover, Europe’s strong automotive manufacturing base, especially in Germany and Italy, is a significant driver of the demand for tempered glass. Also, the European Union’s focus on green and sustainable building practices is driving the adoption of tempered glass for energy-efficient windows and solar panels. Apart from this, countries in the Asia Pacific region are experiencing rapid urbanization, leading to increased demand for tempered glass in residential and commercial buildings. Moreover, the expanding consumer electronics sector in the region is also driving the utilization of tempered glass.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include: 

• Asahi Glass Co., Ltd.
• Dlubak Specialty Glass Corporation
• Guardian Industries
• Nippon Sheet Glass (NSG), Co. Ltd
• Press Glass SA
• Romag
• Saint-Gobain S.A
• Taiwan Glass Ind. Corp.
• Virginia Mirror Co
• Fuso India Pvt Ltd.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Tempered Glass Market Recent Developments:

• June 2024: Longi, a solar module manufacturer based in China, launched a new module series based on its unique hybrid passivated back contact (HPBC) cell technology at the SNEC exhibition in Shanghai, China. These modules feature 3.2 mm coated tempered glass.
• March 2024: Jonsbo introduced its innovative pillarless TK-03 PC case with curved tempered glass. The casing is available in black and white, with a dual-chamber design.
• March 2024: Guardian Glass and the VELUX Group signed a joint development agreement for tempered vacuum-insulated glass.

Tempered Glass Market Report Scope:

Key Questions Answered in This Report:

• How has the global tempered glass market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global tempered glass market?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the shape?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global tempered glass market and who are the key players?
• What is the degree of competition in the market?

Key Benefits for Stakeholders:

• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the tempered glass market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global tempered glass market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the tempered glass industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.