July 28, 2020
According to the research report titled ‘Global Tempered Glass Market Size study with COVID-19 Impact, by End-Use Industry (Automotive, Construction, Others) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global tempered glass market is expected to register substantial growth during 2020-2026.
For those uninitiated, tempered glass is safety glass which are developed through controlled chemical or thermal treatments. The process helps in improving the strength and safety properties of the glass. Increasing applications of tempered glass in mobile phone screen protectors, architectural doors & tables, shower doors, and vehicle windows is a major factor driving the market growth. In fact, according to Statista, the production of tempered glass reached 525 million square meters in the early months of 2020.
Rising adoption of vehicles and proliferating smartphone sales are further aiding the market expansion. Additionally, increasing construction activities of commercial and residential establishments is fostering the demand for tempered glass across the globe.
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Mounting usage of tempered glass in diving masks, cookware, and bullet proof products is also favoring the market scenario. However, the COVID-19 outbreak has resulted in temporary shutdown of automotive and construction sectors in order to reduce the spread of the disease, in turn negatively impacting the market growth.
The report bifurcates the end-user landscape of worldwide tempered glass market into construction, automotive and others.
From the regional point of view, Asia-Pacific tempered glass industry is predicted to generate substantial gains in the forthcoming years, primarily driven by rising production of smartphones and automobiles. Surging construction activities and amplifying manufacturing facilities are complementing the business outlook in Asia-Pacific.
Shanghai North Glass Technology & Industry Co. Ltd., Taiwan Glass Group, Pilkington, Cardinal FG, PPG Industries, Nippon Sheet Glass Co. Ltd., AFG Industries, Asahi Glass Co. Ltd. (AGC), Saint-Gobain SA, and Guardian Industries are the key companies that define the competitive terrain of global tempered glass market.