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Tempered Glass Market Size (2024 - 2029)

The tempered glass market is anticipated to experience steady growth, recovering from the setbacks caused by the COVID-19 pandemic. The market size is expected to expand due to the burgeoning construction industry, which will drive demand globally. However, the growth may face challenges from the increasing adoption of alternative lightweight materials like laminated glass. Despite this, the electronics industry is projected to present new opportunities for market expansion. The Asia-Pacific region is expected to dominate the market share, driven by rapid development in countries such as India, China, and Japan.

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Market Size of Tempered Glass Industry

Tempered Glass Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Tempered Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

Tempered Glass Market Analysis

The tempered glass market is projected to register a CAGR of more than 6% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

  • The expansion of the construction industry is expected to fuel the demand for labor across the globe during the forecast period.
  • On the other hand, the increasing use of alternative lightweight products such as laminated glass, etc. is expected to hinder market growth during the forecast period.
  • However, rising demand from the electronics industry will open up new opportunities in the global market under consideration.
  • During the forecast period, the Asia-Pacific region is expected to have the most market share. This is because India, China, and Japan are all developing quickly.

Tempered Glass Industry Segmentation

The tempered glass is manufactured through an annealing process that uses thermal treatment to toughen the glass. Tempered glass has high strength, withstanding capacity, and thermal resistance. It finds its major applications in the construction and automotive industries. The tempered glass market is segmented by end-user industry and geography. By end-user industry, the market is segmented into automotive, construction, electronics, and other end-user industries. The report also covers the market size and forecasts for the market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

End-user Industry
Automotive
Construction
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Tempered Glass Market Size Summary

The tempered glass market is poised for steady growth, driven by the expansion of the construction industry and increasing demand from the electronics sector. Despite the initial setback due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The construction sector's rapid growth, particularly in regions like Asia-Pacific, is a significant contributor to this demand. Tempered glass, known for its high tensile strength and thermal resistance, is extensively used in residential and commercial buildings for applications such as sliding doors, building facades, and interior design elements. The burgeoning construction activities in countries like China and India, fueled by urbanization and infrastructure projects, are key factors supporting the market's expansion.

In addition to construction, the electronics industry presents new opportunities for tempered glass, as it is increasingly used to enhance the durability of screens. The Asia-Pacific region, with its robust construction and electronics sectors, is expected to dominate the global market. The region's growth is supported by favorable government policies and technological advancements in countries like India, China, and Japan. The market is consolidated, with major players such as Saint-Gobain, AGC Inc., and Guardian Industries Holdings leading the way. Innovations like AGC's digital twin technology for glass melting processes and Guardian's Resource Hub for technical information are indicative of the industry's focus on enhancing production efficiency and product quality.

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Tempered Glass Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Construction Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Use of Other Light Weight Products

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 End-user Industry

      1. 2.1.1 Automotive

      2. 2.1.2 Construction

      3. 2.1.3 Electronics

      4. 2.1.4 Other End-user Industries

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Tempered Glass Market Size FAQs

The Tempered Glass Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Saint-Gobain, AGC Inc., GSC GLASS LTD, CARDINAL GLASS INDUSTRIES, INC and Guardian Industries Holdings are the major companies operating in the Tempered Glass Market.

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Tempered Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)