The GMI Research expects the tempered glass market to expand at a significant rate. From a regional perspective, the Asia-Pacific is expected to dominate the market in the upcoming years due to the increasing automobile industry among the emerging economies, such as Malaysia, India, and China.
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Tempered Glass Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The rising construction industry, particularly in emerging countries, and the high adoption of tempered glass or toughened glass as an accessory by the consumers are the primary factors surging the growth of the global tempered glass market. Furthermore, the growing government spending on infrastructural development and continuous urban development in developing economies, such as India, will further drive the demand for the market during the forecast period. Moreover, the increasing number of product development with the use of tempered glasses to improve the shelf-life of the appliances will propel the growth of the global tempered glass market. The rising use of tempered glass in the mobile accessory to boost durability and decrease the chances of screen damage will further pay the way for the growth of the market. In addition to this, the increasing government initiatives to decrease greenhouse gas emissions and traffic safety rules for glass products are the factors accelerating the market’s demand during the forecast period. On the other hand, the factor hindering the growth of the tempered glass market in the upcoming years includes the substitute material availability.
End-User Segment Drivers
Based on the end-user, the global tempered glass market is segmented into automotive, construction, and others. The construction segment is anticipated to increase at a higher CAGR over the forecast period include the rising adoption of glass materials for the infrastructural interior and exterior designing. Additionally, the increasing use of the product in other applications, including cooking wares, electrical appliances, and solar energy, is further augmenting the growth of the market.
Tempered Glass Market’s leading Manufacturers:
- Guardian industries
- Saint-Gobain S.A.
- AGC, Inc.
- Duratuf Glass Industries (P) Ltd.
- Xinyi Glass Holdings Limited
- CSG Holding Co., Ltd.
- Nippon Sheet Glass Co., Ltd.
- Shanghai North Glass Technology Industrial Co., Ltd.
- Fuyao Glass Industry Group Co. Ltd.
- Tyneside Safety Glass
Tempered Glass Market Segmentation:
Segmentation by End-User:
- Automotive
- Construction
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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