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Tempered Glass Market Growth by Top Manufacturers 2021

Post Time:Sep 10,2021Classify:Industry NewsView:1050

The global tempered glass market reached a value of US$ 55.7 Billion in 2020. Looking forward, Market Insights Reports expects the market to grow at a CAGR of 5.3% during 2021-2026.


The Market Research on the “Tempered Glass Market 2021-2026”, now available with Market Insights Reports, Introduces systematic details in terms of market valuation, market size, revenue estimation, and geographical spectrum of the business vertical. The Tempered Glass market report offers an overview of top company profiles with the business value and demand status of the industry. The report also helps the user to understand the market in terms of its definition, segmentation, market potential, influential trends, and therefore the challenges that the market is facing. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Tempered Glass investments from 2021 till 2026.

 

The prominent players in the Global Tempered Glass Market:

Asahi Glass Co., Ltd., Dlubak Specialty Glass Corporation, Guardian Industries, Nippon Sheet Glass (NSG), Co. Ltd, Press Glass SA, Romag, Saint-Gobain S.A, Taiwan Glass Ind. Corp., Virginia Mirror Co, Fuso India Pvt Ltd, and Others.


Market Overview:

Tempered glass refers to a type of safety glass that is treated by tempering to impart high durability and strength. The tempering process, involving thermal or chemical treatments, compresses the glass surface, thereby reducing the risks of breakage. Tempered glass is more efficient than the conventional annealed glass in terms of heat resistivity, design versatility, lightweight, scratch resistance, and tensile strength. Owing to these benefits, it has diverse applications across various sectors, including consumer electronics, automobile, home furnishing, construction, etc.


Rapid digitalization coupled with the increasing penetration of smart consumer electronics such as, smartphones, laptops, tablets, etc., is primarily driving the demand for tempered glass. Furthermore, the increasing awareness towards several structural properties such as durability, thermal shock resistance, tensile strength, etc. has catalyzed the product demand in the automotive and electronic sectors. In addition to this, rapid development in the construction industry has led to the increasing utilization of tempered glass as a durable building material in doors, windows, facades, skylights, etc. Both developed and developing economies are experiencing high demand for tempered glass owing to the rising construction activities including smart housing projects and increasing demand for smart consumer electronics. Rapid urbanization and rising government expenditure on infrastructural development is also contributing to the escalating market growth in these regions. Furthermore, remodeling activities across these markets have also led to the replacement of traditional glass with tempered glass in both residential and commercial infrastructures. Moreover, the rising usage of tempered glass for automobile manufacturing, owing to its lightweight and high strength is further catalyzing the market growth.


Based on Type, The Tempered Glass Market is segmented into:

Plain Glass

Coloured Glass


Based on Application, The Tempered Glass Market is segmented into:

Construction

Residential

Commercial

Industrial

Automotive

Rear Windows

Slide Windows

Home Appliances

Refrigerators

Washing Machine

Microwave and Ovens

Gadgets

Smartphone

Tablets

Laptop and Computers

Others


Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Tempered Glass Market these regions, from 2021 to 2026 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).

Source: https://www.openpr.com/Author: shangyi

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