Tempered Glass Market Size, Trends, Industry Statistics and Latest Insights Till 2023-2028
IMARC Group's report titled "Tempered Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028".The global tempered glass market size reached US$ 51.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 70.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Factors Affecting the Growth of the Tempered
Glass Industry:
- Rising Adoption of Smartphones and Electronics:
The rapid proliferation of smartphones,
tablets, and electronic devices is stimulating market growth. Tempered glass
screens offer superior protection against scratches, impacts, and shattering,
making them a crucial component in the manufacturing of electronic devices. As
consumer electronics continue to evolve and penetrate global markets, the
demand for tempered glass remains robust. Device manufacturers seek to ensure
the durability and safety of their products, which has made tempered glass an
integral part of their designs. This trend is expected to persist as consumers
increasingly rely on electronic gadgets in their daily lives.
- Increasing Emphasis on Safety and Security:
The heightening emphasis on safety and
security across various industries has fueled the demand for tempered glass.
Its exceptional strength and safety features make it a preferred choice for
applications where the risk of breakage can lead to potential harm. In the
automotive sector, tempered glass is used for windows and windshields, reducing
the risk of injuries in accidents. In architecture, tempered glass is a popular
choice for building facades, balustrades, and shower enclosures owing to its
ability to shatter into small, less dangerous pieces. This increased focus on
safety underscores the importance of tempered glass in mitigating risks and
ensuring security, thereby fostering market growth.
- Rapid Growth in the Construction Industry:
The rapid expansion of the construction
industry, particularly in emerging economies represents the primary factor
supporting the market growth. Tempered glass is favored for its safety features
and aesthetic appeal in various construction applications. It is commonly used
in windows, doors, railings, and interior partitions. Moreover, tempered
glass's resistance to thermal stress makes it suitable for energy-efficient
building designs. As urbanization and infrastructure development continue to
rise globally, the tempered glass market significantly benefits from the
growing construction activities. Its versatility and ability to enhance safety
and aesthetics position it as a key material in modern construction projects,
thus propelling market growth.
Leading Companies Operating in the Global
Embedded Software Industry:
- Advantech Co. Ltd
- Green Hills Software
- Intel Corporation
- Intellias
- L&T Technology Services Limited (Larsen & Toubro Ltd.)
- Microsoft Corporation
- NXP Semiconductors N.V
- Siemens
- STMicroelectronics N.V
- Xilinx Inc. (Advanced Micro Devices Inc.)
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Tempered Glass Market Report Segmentation:
By Type:
- Plain Glass
- Coloured Glass
Based on the type, the market has been
bifurcated into plain and coloured glass.
By Shape:
- Flat Tempered Glass
- Bent Tempered Glass
On the basis of the shape, the market has been
divided into flat and bent tempered glass.
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
Construction represented the largest segment
as it encompasses a wide range of uses in building facades, windows, railings,
and interior partitions.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia,
Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia,
Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Tempered Glass Market Trends:
The rising demand for tempered glass screens,
which provide essential protection against scratches and impacts due to the
widespread adoption of smartphones and electronic devices, represents the key
factor driving market growth. Apart from this, the heightening emphasis on
safety and security across industries such as automotive, architecture, and
interior design has escalated the use of tempered glass due to its strength and
ability to shatter into safer, small pieces upon breakage, reducing the risk of
injuries. Furthermore, the expanding construction industry, especially in
emerging economies that employ tempered glass in numerous architectural
applications like windows, doors, and railings, is supporting market growth.
Note: If you need specific information that is
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