2027, the world tempered glass market growth rate of 6.5

【medium glass net2019, all over the world.Tempered glassThe market size is 28.1 billion US dollars. Due to the increase in demand in the automotive industry, tempering in the next few yearsGlassWith a compound annual growth rate of 6.5 per cent, increased consumer awareness in developing countries of the benefits of tempered glass in the automotive and electronics industries will drive industry growth during the forecast period.

Tempered glass is made using chemical or physical methods to improve strength compared to annealed glass. Tempered glass is widely used in showerDoor, passenger car windows, refrigerator trays, building doors and windows and tables. In addition, it is used as a component for manufacturing bulletproof products, mobile screen protectors, cookware and diving masks because of its great strength and high safety performance.

Increasing construction spending in various regions, including North America, Europe, Asia-Pacific and Central and East Asia, coupled with increasing demand for durable construction materials, will stimulate demand for tempered glass products in the coming years. At the same time, the growing trend of using glass in building facades is expected to have a positive impact on the demand for tempered glass.

Especially in the emerging economies of Asia-Pacific, including India and China, the growth of the automotive industry is another factor driving the market. However, the increasing use of laminated glass in automotive manufacturing due to its lightweight and anti-shattering properties will be a challenge for the growth of tempered glass.

Tempered glass is especially used in areas where safety, thermal resistance and strength are key factors. In the past few years, screen protectors have been developed and introduced into the mobile phone market. Compared with traditional plastic screen protectors, they act as an additional protective cover for mobile phones. The growth of the smartphone industry at home and abroad is expected to boost tempered glass consumption.

Industry Analysis

Automotive is the larger application industry, accounting for 55% of total revenue in 2020. The increasing use of tempered glass in backlight and window manufacturing will drive its demand. Tempered glass faces the challenge of laminated glass, because laminated glass is more resistant to breakage and has greater ability to withstand pressure.

During the forecast period, the construction industry will expand at a 5.2 percent CAGR in volume. Tempered glass is used both externally and internally in building structures to enhance their aesthetic value and avoid fragility. Increased spending on infrastructure development and rapid urbanization in emerging economies such as India is expected to increase product demand in the coming years.

Tempered glass is used as a component in the baking and cooking industry, the electrical and electronics industry, and the solar industry, and is expected to have a positive impact on industry growth during the forecast period.

regional analysis

In 2020, Europe will account for more than 45% of the total. Significant growth in the automotive industry has generated healthy demand in the region. Western European countries, especially the United Kingdom, France and Germany, are countries with many applications of tempered glass.

The Asia-Pacific region is expected to be the fastest growing region in the tempered glass market, with a compound annual growth rate of 10.2 during the forecast period. The region will see significant growth due to the rise of car manufacturing in India, China and Malaysia. Various manufacturers use tempered glass in car windows. Compared with ordinary glass, tempered glass will not be broken into small pieces, and ordinary glass will be broken into sharp pieces, causing damage.

The North American market is relatively mature and has the characteristics of new product development. As of 2019, the region has the third largest share in volume. Due to the increasing application of tempered glass in construction projects, the United States is the main market in the region.