Global tempered glass market was estimated at 2,542.1 million square meters in 2014 and is expected to witness growth on account of rising demand from the automotive sector. Increasing awareness regarding tempered glass benefits in the automotive and electronic industry among consumers in developing regions is expected to propel industry growth over the forecast period.
Tempered glass is manufactured by chemical treatment or controlled thermal processes to increase its strength as compared to annealed glass. The product is employed in numerous applications including shower doors, passenger vehicle windows, refrigerator trays, architectural doors and tables, a component in the manufacturing of bullet proof products, mobile screen protectors, cookware and diving masks on account of superior properties including high strength and safety features.
Rising construction spending in various regions including North America, Europe, Asia-Pacific and MEA coupled with rising need for durable building materials is expected to fuel product industry over the next seven years. Also, increasing architectural trend toward the use of glass in building façades is expected to positively impact he product market over the next seven years.
Rising automobile industry, particularly in emerging economies of Asia Pacific including India and China, is expected to augment product market over the forecast period. However, rising use of laminated glass for automobile manufacturing on account of properties such as lightweight and anti-breakage is expected to challenge industry growth over the next seven years.
Tempered glass is particularly employed when safety, thermal resistance and strength are the key considerations. Over the past few years, screen protectors have been developed and introduced in the market for mobiles. These serve as an additional protection cover for cell phones as compared to the traditional plastic type screen protector. Growth in the global cell phone industry is expected to boost tempered glass industry over the forecast period.
UK tempered glass market demand, by application, 2012-2022 (Million square meters)
Automotive was the largest application segment and was estimated over 1,000.0 million square meters in 2014. Rising product use in the manufacturing of backlights and windows is expected to propel product need over the forecast period. However, the product faces a competitive disadvantage when to compare to a laminated glass as it is more resilient to breakage and comprises greater capabilities in terms of pressure resistance.
Construction is expected to witness below average growth at a CAGR over 3.0% in terms of volume. Increased government expenditure on infrastructure development, rapid urbanization and positive construction outlook particularly in India and China is expected to augment product demand over the next seven years.
Increasing product use in niche applications including as a component of ovens in the baking & cooking sector, and electrical & electronics is expected to positively impact industry growth over the forecast period.
On the basis of region, Europe tempered glass market was the largest in 2014 accounting for over 35.0% of the total volume. Significant growth in the automobile industry has generated healthy demand in the region. Western Europe countries, particularly U.K., France, and Germany are the largest applicants of tempered glass.
Asia Pacific is expected to be the fastest-growing region at a CAGR of 4.7% from 2015 to 2022. The region is expected to witness significant growth in the automobile industry on account of rising vehicle manufacturing in India, China, and Malaysia.
Key industry participants include Guardian Industries, AGC Group, NSG Group and Saint-Gobain. In March 2013, Dillmeier Glass Company expanded the capacity of its glass fabrication plant at Van Buren Industrial Park to achieve more inventory storage, reduce handling time on deliveries, and install the latest machinery. In November 2014, Trulite acquired Texas Tempered Glass Inc., a Houston-based company. This acquisition will expand the company’s reach in the Texas market by offering a wide range of insulated, tempered, and fabricated glass products. In July 2012, Interpane Glas Industrie AG and AGC formed an alliance to complement each other in the market by a larger network, number of locations, and a new range of products.
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