Tempered Glass Market
Tempered Glass Market Forecasts to 2030 - Global Analysis By Product (Clear Tempered Glass, Tinted Tempered Glass, Coated Tempered Glass, Low-Emissivity Tempered Glass, Patterned Tempered Glass, Decorative Tempered Glass, Customized Tempered Glass and Other Products), Material, Thickness, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Tempered Glass Market is accounted for $54.98 billion in 2023 and is expected to reach $105.79 billion by 2030 growing at a CAGR of 9.8% during the forecast period. Tempered glass is a type of safety glass that undergoes a specialized heating and cooling process to increase its strength. It is approximately four times stronger than regular glass and shatters into small, blunt pieces when broken, reducing the risk of injury. Due to its durability and safety features, tempered glass is commonly used in applications where safety is paramount. Its resistance to thermal stress also makes it suitable for use in high-temperature environments.
According to an article published by the Economic Times, the smartphone industry has witnessed 11%year-on year growth rate with shipments rose from 150 billion in 2020 to 168 billion in 2021.
Market Dynamics:
Driver:
Rapid urbanization and infrastructure development
As cities expand, there is a growing need for modern, aesthetically pleasing buildings with enhanced safety features. Tempered glass fulfills these requirements by offering strength, durability, and safety, making it a preferred choice for windows, facades, and interior partitions in high-rise buildings, commercial complexes, and public spaces. Additionally, the renovation and modernization of existing structures further contribute to the increased adoption of tempered glass, propelling its market growth in urban environments.
Restraint:
Risk of spontaneous breakage
Tempered glass is prone to spontaneous breakage due to internal stresses introduced during the rapid cooling process of its manufacturing. While uncommon, these stresses can cause the glass to shatter without external force, posing safety concerns. This risk undermines consumer confidence and raises liability issues for manufacturers and end-users. Instances of spontaneous breakage can lead to product recalls, increased warranty claims, and damage to brand reputation, ultimately hindering market growth and adoption.
Opportunity:
Growing demand for consumer electronics
Tempered glass is utilized as a protective cover for device screens due to its scratch resistance and durability, ensuring enhanced safety and longevity. As consumers prioritize device protection and longevity, manufacturers are compelled to incorporate tempered glass in their products, consequently boosting the market's growth. This trend is further fuelled by advancements in glass manufacturing technologies, making tempered glass more accessible and cost-effective for both manufacturers and consumers. Therefore, the rising demand for consumer electronics, such as smart phones, tablets, and laptops, drives the market growth.
Threat:
High production costs
The high production costs in tempered glass primarily stem from the specialized manufacturing processes required to achieve its superior strength and durability. The tempering process involves heating the glass to high temperatures and then rapidly cooling it, which demands advanced machinery and energy-intensive procedures. These elevated production costs can lead to higher prices for tempered glass products, potentially limiting their affordability and adoption, especially in price-sensitive markets.
Covid-19 Impact
The covid-19 pandemic significantly impacted the tempered glass market as lockdowns, supply chain disruptions, and reduced construction activities slowed demand. The automotive sector, another major consumer, faced production halts and decreased consumer spending, affecting tempered glass sales for vehicle applications. Additionally, uncertainty and economic downturns led to postponements of architectural projects, further dampening market growth. However, increased emphasis on hygiene and safety in public spaces spurred demand for protective barriers and screens, offering a slight offset. Overall, the pandemic-induced challenges resulted in a temporary setback for the tempered glass market.
The decorative tempered glass segment is expected to be the largest during the forecast period
The decorative tempered glass segment is estimated to have a lucrative growth. Decorative tempered glass offers a blend of aesthetics and durability, making it a popular choice for interior and exterior design applications. Through a specialized heating and cooling process, the glass is strengthened to withstand impacts and thermal stress. Its versatility allows for a wide range of decorative possibilities, including frosted, etched, coloured, or patterned designs. Decorative tempered glass enhances visual appeal while providing safety and resilience in residential, commercial, and industrial settings.
The consumer electronics segment is expected to have the highest CAGR during the forecast period
The consumer electronics segment is anticipated to witness the highest CAGR growth during the forecast period. Tempered glass is integral to consumer electronics, providing crucial protection for devices. Its high durability and resistance to scratches and impacts shield delicate screens, enhancing device longevity. The precise manufacturing process ensures uniform strength, maintaining screen clarity and touch sensitivity. With the rising demand for sleek yet robust electronic devices, tempered glass has become a staple component, safeguarding screens from daily wear and tear while maintaining an optimal user experience.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period, driven by rapid urbanization, infrastructural development, and increasing construction activities. Countries like China, India, and Japan are key players due to their booming construction sectors and automotive industries. The rising demand for consumer electronics also fuels market growth in this region. With ongoing urbanization and industrialization projects, the Asia-Pacific tempered glass market is expected to witness sustained growth in the coming years.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to factors such as robust construction activities, stringent safety regulations, and technological advancements. The United States and Canada lead the market due to their thriving construction and automotive industries. Additionally, the region's focus on sustainability and energy efficiency fuels the adoption of tempered glass in architectural applications. Despite occasional economic fluctuations, the North American tempered glass market is poised for steady growth, supported by ongoing infrastructure development initiatives.
Key players in the market
Some of the key players profiled in the Tempered Glass Market include Corning Incorporated, Asahi Glass Corporation, Nippon Sheet Glass Group, Guardian Industries, Saint-Gobain, SOROO, Schott AG, Taiwan Glass Industries, Fuyao Glass Industry, Xinyi Glass Holdings Limited, Gadgetshieldz, Vitro, PPG Industries and Central Glass Corporation.
Key Developments:
In July 2023, SOROO, an India’s progressive gadget accessory and consumer electronics brand quality mobile accessories, has launched a new Range of tempered THOR SERIES. THOR SERIES has anti- scratch which is more wear resistant than ordinary products. Its anti-static doesn’t enable to enter dust. The anti-fingerprint reduces the adhesion rate of fingerprint, long screen clean as new.
In February 2023, Gadgetshieldz, India’s leading mobile skins and screen protector brand, has finally revealed their tempered glass screen guards range under their sub-brand X.Glas. This expansion could help them cater to a broader market segment and enhance their offerings in the mobile accessories industry.
Products Covered:
• Clear Tempered Glass
• Tinted Tempered Glass
• Coated Tempered Glass
• Low-Emissivity Tempered Glass
• Patterned Tempered Glass
• Decorative Tempered Glass
• Customized Tempered Glass
• Other Products
Materials Covered:
• Soda-Lime Glass
• Borosilicate Glass
• Aluminosilicate Glass
• Fused Silica Glass
• Ceramic Glass
• Sapphire Glass
• Quartz Glass
• Specialty Glasses
• Other Materials
Thickness Covered:
• Thin (2-4 mm)
• Medium (5-8 mm)
• Thick (9-12 mm)
• Extra Thick (13+ mm)
Technologies Covered:
• Chemical Tempering
• Thermal Tempering
• Ion Exchange
• Air Quenching
• Oven Cooling
• Heat Strengthening
• Other Technologies
Applications Covered:
• Medical Equipment
• Furniture
• Solar Panels
• Consumer Electronics
• Construction & Architecture
• Other Applications
End Users Covered:
• Residential Customers
• Commercial Customers
• Industrial Customers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Tempered Glass Market, By Product
5.1 Introduction
5.2 Clear Tempered Glass
5.3 Tinted Tempered Glass
5.4 Coated Tempered Glass
5.5 Low-Emissivity Tempered Glass
5.6 Patterned Tempered Glass
5.7 Decorative Tempered Glass
5.8 Customized Tempered Glass
5.9 Other Products
6 Global Tempered Glass Market, By Material
6.1 Introduction
6.2 Soda-Lime Glass
6.3 Borosilicate Glass
6.4 Aluminosilicate Glass
6.5 Fused Silica Glass
6.6 Ceramic Glass
6.7 Sapphire Glass
6.8 Quartz Glass
6.9 Specialty Glasses
6.10 Other Materials
7 Global Tempered Glass Market, By Thickness
7.1 Introduction
7.2 Thin (2-4 mm)
7.3 Medium (5-8 mm)
7.4 Thick (9-12 mm)
7.5 Extra Thick (13+ mm)
8 Global Tempered Glass Market, By Technology
8.1 Introduction
8.2 Chemical Tempering
8.3 Thermal Tempering
8.4 Ion Exchange
8.5 Air Quenching
8.6 Oven Cooling
8.7 Heat Strengthening
8.8 Other Technologies
9 Global Tempered Glass Market, By Application
9.1 Introduction
9.2 Medical Equipment
9.3 Furniture
9.4 Solar Panels
9.5 Consumer Electronics
9.6 Construction & Architecture
9.7 Other Applications
10 Global Tempered Glass Market, By End User
10.1 Introduction
10.2 Residential Customers
10.3 Commercial Customers
10.4 Industrial Customers
11 Global Tempered Glass Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Corning Incorporated
13.2 Asahi Glass Corporation
13.3 Nippon Sheet Glass Group
13.4 Guardian Industries
13.5 Saint-Gobain
13.6 SOROO
13.7 Schott AG
13.8 Taiwan Glass Industries
13.9 Fuyao Glass Industry
13.10 Xinyi Glass Holdings Limited
13.11 Gadgetshieldz
13.12 Vitro
13.13 PPG Industries
13.14 Central Glass Corporation
List of Tables
1 Global Tempered Glass Market Outlook, By Region (2021-2030) ($MN)
2 Global Tempered Glass Market Outlook, By Product (2021-2030) ($MN)
3 Global Tempered Glass Market Outlook, By Clear Tempered Glass (2021-2030) ($MN)
4 Global Tempered Glass Market Outlook, By Tinted Tempered Glass (2021-2030) ($MN)
5 Global Tempered Glass Market Outlook, By Coated Tempered Glass (2021-2030) ($MN)
6 Global Tempered Glass Market Outlook, By Low-Emissivity Tempered Glass (2021-2030) ($MN)
7 Global Tempered Glass Market Outlook, By Patterned Tempered Glass (2021-2030) ($MN)
8 Global Tempered Glass Market Outlook, By Decorative Tempered Glass (2021-2030) ($MN)
9 Global Tempered Glass Market Outlook, By Customized Tempered Glass (2021-2030) ($MN)
10 Global Tempered Glass Market Outlook, By Other Products (2021-2030) ($MN)
11 Global Tempered Glass Market Outlook, By Material (2021-2030) ($MN)
12 Global Tempered Glass Market Outlook, By Soda-Lime Glass (2021-2030) ($MN)
13 Global Tempered Glass Market Outlook, By Borosilicate Glass (2021-2030) ($MN)
14 Global Tempered Glass Market Outlook, By Aluminosilicate Glass (2021-2030) ($MN)
15 Global Tempered Glass Market Outlook, By Fused Silica Glass (2021-2030) ($MN)
16 Global Tempered Glass Market Outlook, By Ceramic Glass (2021-2030) ($MN)
17 Global Tempered Glass Market Outlook, By Sapphire Glass (2021-2030) ($MN)
18 Global Tempered Glass Market Outlook, By Quartz Glass (2021-2030) ($MN)
19 Global Tempered Glass Market Outlook, By Specialty Glasses (2021-2030) ($MN)
20 Global Tempered Glass Market Outlook, By Other Materials (2021-2030) ($MN)
21 Global Tempered Glass Market Outlook, By Thickness (2021-2030) ($MN)
22 Global Tempered Glass Market Outlook, By Thin (2-4 mm) (2021-2030) ($MN)
23 Global Tempered Glass Market Outlook, By Medium (5-8 mm) (2021-2030) ($MN)
24 Global Tempered Glass Market Outlook, By Thick (9-12 mm) (2021-2030) ($MN)
25 Global Tempered Glass Market Outlook, By Extra Thick (13+ mm) (2021-2030) ($MN)
26 Global Tempered Glass Market Outlook, By Technology (2021-2030) ($MN)
27 Global Tempered Glass Market Outlook, By Chemical Tempering (2021-2030) ($MN)
28 Global Tempered Glass Market Outlook, By Thermal Tempering (2021-2030) ($MN)
29 Global Tempered Glass Market Outlook, By Ion Exchange (2021-2030) ($MN)
30 Global Tempered Glass Market Outlook, By Air Quenching (2021-2030) ($MN)
31 Global Tempered Glass Market Outlook, By Oven Cooling (2021-2030) ($MN)
32 Global Tempered Glass Market Outlook, By Heat Strengthening (2021-2030) ($MN)
33 Global Tempered Glass Market Outlook, By Other Technologies (2021-2030) ($MN)
34 Global Tempered Glass Market Outlook, By Application (2021-2030) ($MN)
35 Global Tempered Glass Market Outlook, By Medical Equipment (2021-2030) ($MN)
36 Global Tempered Glass Market Outlook, By Furniture (2021-2030) ($MN)
37 Global Tempered Glass Market Outlook, By Solar Panels (2021-2030) ($MN)
38 Global Tempered Glass Market Outlook, By Consumer Electronics (2021-2030) ($MN)
39 Global Tempered Glass Market Outlook, By Construction & Architecture (2021-2030) ($MN)
40 Global Tempered Glass Market Outlook, By Other Applications (2021-2030) ($MN)
41 Global Tempered Glass Market Outlook, By End User (2021-2030) ($MN)
42 Global Tempered Glass Market Outlook, By Residential Customers (2021-2030) ($MN)
43 Global Tempered Glass Market Outlook, By Commercial Customers (2021-2030) ($MN)
44 Global Tempered Glass Market Outlook, By Industrial Customers (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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