Tempered Glass Market Analysis Report By Application, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global tempered glass market size was 3,063.0 million square meters in 2019. Increasing demand from the automotive and construction sector is driving the market growth. The advantages of tempered glass are gaining traction among consumers of the electronics and automotive industries, which in turn, is attributing to the growth of the product.

Controlled thermal and chemical treatment processes are used to impart strength to tempered glass. The product is increasingly used in various end-use applications such as refrigerator trays, vehicle windows, architectural doors, and shower doors among others. In addition, it is increasingly used in cookware, diving mask, mobile screens, and bulletproof products owing to its superior strength.

Increasing spending on construction in emerging countries along with a rising focus on durable building materials is estimated to drive the product demand. In addition, the increasing trend of the use of tempered glass in façade buildings is anticipated to supplement the market growth over the forecast duration.

Growth in the automotive industry, especially in emerging economies, is further projected to drive the product demand. However, the increasing use of laminated glass in automobiles owing to their anti-breakage and lightweight features is estimated to hamper the market growth over the forecast years, 2020 to 2027.

Tempered glass is mostly used when thermal resistance, strength, and safety are major considerations. Screen protectors have been increasingly used in the recent past for mobiles. Compared to the traditional plastic screen protector, tempered glass offer increased protection. The rapidly growing smartphone industry is estimated to bode well for the growth of the tempered glass market.

Application Insights

In 2019, the automotive industry was the major end-user of tempered glass. The growing use of tempered glass in windows and backlights manufacturing is the major factor driving the segment growth. However, tempered glass is facing a stiff challenge from the laminated glass as the latter offers more resistance against breakage.

On the other hand, the construction industry is anticipated to register a noticeable growth over the forecast duration. The product provides aesthetic value to both the exterior and interior of the building structure. Growing government spending on the development of infrastructure by governments is a key factor driving the growth of the segment.

Regional Insights

Europe held the largest share in the tempered glass market in 2019 with over 30.0% in 2019. The growing automobile industry in the region is the main factor driving regional growth. Countries such as Germany, U.K, and France are the major applicants for the product.

The Asia Pacific is projected to register the highest growth over the forecast duration owing to the growing automobile industry. Automotive manufactures are increasingly using tempered glass in car windows owing to its resistance against breakage. North America, on the other hand, is estimated to witness considerable growth due to its increasing use in architectural projects.

COVID-19 Impact Analysis

The market has been adversely affected owing to the outbreak of COVID-19. End-use industries such as the automobile and construction sectors have witnessed a sharp decline owing to the imposition of lockdown following the pandemic outbreak. Global rating Moody predicts that automobile sales would decline by nearly 20.0% in 2020 globally. In addition, the construction industry has been hit badly across the world owing to the labor shortage and economic crisis. Further, the demand for electronic products has decreased considerably owing to reduced consumer spending. However, the market has started to recover with the reopening of various economic activities.

Tempered Glass Market Share Insights

Major players operating in the market are NSG Group, Saint-Gobain, AGC Group, and Guardian Industries among others. Key players in the market are focusing on introducing new products that are durable and cost-effective. For example, in 2017, Fractal introduced a new tempered glass-defined C chassis. In addition, SKIN4GADGET launched a new tempered glass screen protector with scratch resistance and shatterproof properties. Merger & acquisition, collaboration, and new product development are the strategic initiatives adopted by key players.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global tempered glass market based on application and region:

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)
    • Automotive
    • Construction
    • Others

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
    • Europe
        • Germany
        • UK
    • The Asia Pacific
        • China
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa
        • South Africa