Tempered Glass Market

Tempered Glass Market Size (2023-2028):

The Global Tempered Glass Market size was at USD 57.61 billion in 2022 and is expected to reach a valuation of USD 78.93 billion by 2028, projected to grow with a CAGR of 6.5% during the forecast period 2023-2028.

Market Share Insights:

• Based on Product type, the flat tempered glass segment dominated the market in 2022.
• Based on the application, the safety glazing segment has shown considerable domination in 2022.
• Based on the end-user type, the construction and architecture segment dominated the global market in 2022, and is predicted to register a CAGR of 9.0% during the forecast period.
• Based on region, The Asia-Pacific tempered glass market size is predicted to register a CAGR of 9.5% during the forecast period and account for 60% of the tempered glass market share in 2022.

Market Drivers:

The construction sector plays a pivotal role in driving the tempered glass market demand. With urbanization and infrastructure development on the rise globally, tempered glass is in high market demand for various architectural applications such as windows, doors, facades, and balustrades in commercial and residential buildings. Tempered glass's popularity in construction is attributed to its safety features, durability, and aesthetic appeal, which make it a preferred choice for modern structures. Therefore, as construction projects continue to flourish, the tempered glass market experiences consistent growth and serves as a cornerstone in contemporary architectural design and safety standards.

The tempered Glass Market growth is driving due to its energy efficiency in modern buildings. Its use in windows and doors helps improve insulation by reducing heat transfer. Due to this, during the hot summers, less heat from the outside enters the building, keeping interiors cooler and reducing the need for excessive air conditioning. During the winter months, tempered glass minimizes heat loss, helping to maintain warmth inside without relying heavily on heating systems. Therefore, By creating a thermal barrier, tempered glass contributes to lower energy consumption, which not only reduces utility costs for building owners but also lessens the environmental impact by decreasing the carbon footprint associated with heating and cooling processes. As the focus on energy-efficient construction grows, tempered glass continues to play an important role in creating greener and more comfortable living and working environments.

Market Restraints:

The tempered glass market faces significant restraints due to its higher production costs. Making tempered glass involves heating and rapid cooling, which requires specialized equipment and consumes more energy than standard glass production. This leads to complexity and energy consumption, resulting in increased production costs, which can deter some manufacturers and consumers from choosing tempered glass, even though it's stronger and safer. As a result, it may limit the market growth and slow down their adoption of tempered glass in various marketplaces.

TEMPERED GLASS MARKET REPORT COVERAGE:

Market Segmentation:

Tempered Glass Market - By Product Type:

• Flat
• Curved
• Printed
• Colored

"Flat Tempered Glass" is dominating the market during the forecast period. Flat tempered glass is extensively used in the automotive industry for side and rear windows due to its safety properties. Also, this is used for safety and durability in the construction and automotive sectors, contributing significantly to the dominance of flat-tempered glass in the market.

 The Curved Tempered Glass segment is deemed to have the fastest growth rate as it is used for architectural and automotive applications that require precisely shaped and curved glass surfaces. 

Tempered Glass Market - By Application:

• Safety Glazing
• Sound Control
• Energy Efficiency
• Decorative 

"Safety Glazing" is ruling with the highest market share due to the critical application of tempered glass, especially in environments where the safety of occupants is paramount. When tempered glass breaks, it shatters into small, relatively harmless pieces rather than sharp, dangerous shards, reducing the risk of injury. This feature makes safety glazing an essential choice for applications where human safety is paramount, such as in automotive windows, building windows, glass doors, and shower enclosures. The stringent safety regulations and building codes that emphasize the use of safety glazing in various constructions contribute significantly to its dominance in the market.

"Sound Control" holds the second largest market share, especially in architectural settings. Tempered glass can effectively reduce noise transmission, making it a preferred choice for buildings located in noisy urban areas or near transportation hubs. 

Tempered Glass Market - By End-User Type:

• Construction and Architecture
• Automotive
• Electronics
• Furniture and Interior Design
• Consumer Appliances
• Solar Energy 

The "Construction and Architecture" is gaining traction over the market share. It is widely used for windows, doors, glass facades, balustrades, and structural elements in both residential and commercial buildings. As The construction industry grows, particularly in urban areas, the market demand for energy-efficient and sustainable building designs continues to drive the significant presence of tempered glass in the construction and architectural sector.

The "Electronics" hold the significant CAGR. It relies on tempered glass for various applications, primarily in the production of electronic devices such as smartphones, tablets, and touchscreen displays. Tempered glass screen protectors and covers are essential for safeguarding sensitive electronic screens from scratches and impact damage.

The energy industry is expected to grow.

Market Regional Analysis:

• North America
• Europe
• Asia-pacific
• Middle-east and Africa
• Latin America

Asia-Pacific is leading with the largest tempered glass market size due to its global economic growth and urbanization, which drives the market demand for construction, infrastructure, and consumer products. So, the use of tempered glass in the region has surged across various sectors, including construction, automotive, electronics, and furniture. Rapid urbanization in countries like China and India has fueled the construction of residential and commercial buildings, with tempered glass being a preferred choice for safety and aesthetic reasons. 

North America is next in ruling the largest share in the tempered glass market. The country like the United States and Canada have robust construction and automotive industries, which drive the demand for tempered glass. Safety regulations, particularly in the automotive sector, have led to the widespread use of tempered glass for side and rear windows. 

Europe's tempered glass market is expected to grow at a higher rate during the forecast period. European countries, known for their stringent safety and quality standards, have a strong demand for tempered glass in construction and architectural applications. The region's established manufacturing capabilities and focus on innovation contribute to its substantial presence in the market.

Latin America is also a notable contributor to the tempered glass market, driven by its growing construction and automotive sectors. Countries like Brazil and Mexico have witnessed increased infrastructure development and urbanization, leading to greater use of tempered glass in architectural and automotive applications.

In the Middle East and Africa, while tempered glass is gradually gaining traction, its market presence is comparatively smaller. The region's construction industry, particularly in the Gulf countries, is a significant driver for tempered glass demand, with a focus on modern and aesthetically pleasing architectural designs.

Impact of COVID-19 on the Tempered Glass Market:

The COVID-19 pandemic had a significant impact on the Tempered Glass Market value. Initially, the market experienced disruptions in production and supply chain challenges due to lockdowns and restrictions. Many manufacturing facilities had to temporarily shut down, leading to delays in tempered glass production and supply shortages. However, tempered glass found increased utility in healthcare settings, where its durability, hygiene, and safety properties were crucial. Demand surged for glass used in medical equipment, partitions, and protective barriers, reflecting the pandemic's influence on product applications. As the pandemic progressed, heightened awareness of hygiene and safety led to the installation of more glass barriers in various public spaces, such as retail stores and restaurants, further boosting demand. Additionally, the growing popularity of touchless technology and transparent screens in response to the pandemic created opportunities for tempered glass manufacturers. In the long term, the tempered glass market share is expected to rebound and potentially grow, driven by ongoing construction projects, infrastructure development, and the enduring emphasis on safety and hygiene.

Market Key Players:

1. AGC Inc.
2. Nippon Sheet Glass Co., Ltd. (NSG Group)
3. Saint-Gobain
4. Guardian Industries
5. Asahi Glass Co., Ltd.
6. Vitro, S.A.B. de C.V.
7. Fuyao Glass Industry Group Co., Ltd.
8. Pilkington Group Limited (a subsidiary of NSG Group)
9. Cardinal Glass Industries, Inc.
10. Central Glass Co., Ltd.

Market Key Developments:

• In 2020, Asahi Glass introduced tempered glass solutions with anti-reflective coatings, making them ideal for use in displays, digital signage, and consumer electronics. The company expanded its production capacity to meet the growing demand for tempered glass in various industries.
• In 2022, AGC continued to focus on technological advancements in tempered glass production, including improved surface treatments for enhanced durability and scratch resistance. The company expanded its global reach by establishing partnerships and acquisitions in key markets.
• In 2022, NSG Group introduced high-performance tempered glass solutions for automotive applications, catering to the growing demand for safety and lightweight materials. The company emphasized sustainability by reducing the carbon footprint in its manufacturing processes.
• In 2023, Saint-Gobain launched innovative tempered glass products designed for energy efficiency and architectural aesthetics, targeting the construction industry. The company invested in research and development to improve the acoustic insulation properties of tempered glass.