Tempered Glass Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Tempered glass is a kind of safety glass that is processed by thermal or chemical treatments which will help in improving the strength of the tempered glass as compared to normal glass. These are also known as toughened glass and are being increasingly used in automotive windowpanes, building windows, furniture, among others.

MARKET SCOPE

The "Global Tempered Glass Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the tempered glass market with detailed market segmentation by end-use industry, and geography. The report provides key statistics on the market status of the leading tempered glass market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on the end-use industry, the global tempered glass market is segmented into construction, automotive, electrical and electronics, and others.
  

MARKET DYNAMICS

Drivers:

•   Tempered glass is being increasingly used in the construction industry due to its thermal shock and temperature-resistant properties. Along with this, its high tensile strength increases its demand in the construction industry which is driving the tempered glass market.
  
•   The increase in consumer awareness regarding various benefits provided y tempered glass in the automotive and electronic industries is going to boost the growth of the tempered glass market.
  
•   The increased utilization of tempered glass for providing additional protection cover for cell phones as compared to the traditional plastic-type screen protector is providing growth opportunities for the market.
  

Restraints:

•   However, stringent regulations pertaining to automotive, and the construction industry could restrict the growth of the market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The tempered glass market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tempered glass market in these regions.

IMPACT OF COVID-19 ON TEMPERED MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed which negative impacted the supply of tempered glass. Along with this, the negative impact on the production of cell phones due to the disruptions in supply chain of raw materials and key components has led to a fall in demand for tempered glass from the cell phone industry. Thus, COVID 19 has had a significant impact on the tempered glass market.

MARKET PLAYERS

The report covers key developments in the tempered glass market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from tempered glass market are anticipated to provide lucrative growth opportunities in the future with the rising demand for tempered glass in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tempered glass market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AGC Inc.,
  
•   CARDINAL GLASS INDUSTRIES, INC
  
•   GSC GLASS LTD
  
•   Guardian Industries Holdings Site
  
•   Qingdao Migo Glass Co.,Ltd
  
•   Royal Tough Glass Works
  
•   Saint-Gobain S.A.
  
•   Shandong Weihua Glass Co., Ltd.
  
•   Topline Safety Glass (M) Sdn. Bhd
  
•   Vinay Tempered Glass
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Tempered Glass Report Scope