As per a market
intelligence report by IndustryARC, the tempered glass market size was
estimated to be $41 billion in 2018. According to the report, “‘Aesthetic
feasibility’ is a mega-trend impacting the processes of various sectors. Right
from automotive to construction, appearance of products are subject to severe
analysis for fetching sales. Inexpensive glass equipped with its luminous
peculiarities is gaining imperative share of product’s design in automotive as
well as infrastructures. With annealed glass posing danger of casualties, the
humongous applications are diverted towards inexpensive more shatter, shock,
and thermal resistant tempered glass in various sectors.” Adjacent and integral
to the modern automotive manufacturing and construction operations, demand in
the tempered glass market is progressing at a global CAGR of 4.95% during the
forecast period 2019 2025.
The report titled,
“Tempered Glass Market: By End-User Industry (Automotive, Construction, and
Consumer Electronics); Geography and Global Forecast 2019 To 2024”, presents a
detailed analysis of the competitive landscape, taking into account the market
shares of leading companies. It also provides information on unit shipments on
a yearly basis. All the commercial aspects of the trending tempered glass
market stretching from its end user verticals, application insights and
regional revenue pockets to an imperative competitive landscape and pricing
conditions are covered. The report also presents the challenging aspects
pertaining to each segment, assisted by effective solutions.
APAC Dominates Global
Tempered Glass Market:
A substantial 35% of the
global demand for tempered glass was sourced from the APAC region, with major contribution
from economies such as China, India and Japan. From automotive OEM and
construction to consumer electronic gadgets, all sectors with tempered glass
applications are flourishing in APAC.
Supporting facts-
· China is the global leader in exports of safety
glass, with an export value of $2.93 billion in 2017.[1]
· The Government of India, in the 2019 Interim-Union
Budget, provided immense momentum to increased infrastructure by allocating $63.2
billion to the sector.[2]
· In India, production of commercial vehicles
witnessed an upsurge of 8% in 2018.[3]
The global construction
sector’s output has overtaken the automotive sector’s output, and is now the
fastest growing application segment for tempered glass, progressing at a CAGR
of 5.32% going through 2025. Modern era infrastructure with intricate building
designs, and the skyrocketing pace of construction of skyscrapers has diverted
the requirement of traditional and expensive concrete to steel and inexpensive
tempered glass, which provides dual advantages in terms of aesthetic
feasibility as well as safety at an economic cost.
Tempered Glass Market:
Disruptive trends
· In 2017, India enforced
an anti-dumping duty on tempered glass imports from China for five years. The move
was aimed at defending the indigenous tempered glass market, whose products
find application as shields for mobile phone screens..
· Explosions of car
sunroofs have emerged as a disruptive trend for the tempered glass market. The
U.S.’ National Highway Traffic Safety Administration (NHTSA) has registered
hundreds of cases of sunroofs, built with annealed glass, exploding. Such
incidents have prompted manufacturers to recall their vehicles and replace the
annealed glass sunroofs with those made of tempered glass.
· In 2018, Indian smartphone brand Lemon Mobiles
announced that it would build a tempered glass manufacturing unit in
corporation with Adsun Impex, with an investment of $14.32m. After procuring legitimate
rights for attaining raw materials and for distribution of tempered glass in
India from the Thailand Glass Company, the firm estimates that it will manufacture
20 million units annually.
Tempered Glass
Market-Competitive Landscape:
Some of the key players
operating in the global tempered glass market are Saint-Gobain, Guardian
Industries, NSG Group, Asahi Glass Company (AGC), PPG Industries, AFG
Industries, Pilkington, Cardinal FG, Shanghai Northglass Technology &
Industry Co., Ltd., and AYG Coating Glass Co., Ltd.
Asahi India Glass Ltd.
in its consolidated revenue of 2017-2018 witnessed an upsurge of 4% with net
profit before tax elevated by 20.7% from the previous year during the same time
period. The company, in its annual report for FY2018, claims that its major
share of demand originated from the Indian automotive and construction sectors.
Talk to one of our sales
representative about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=501564
Related Reports:
A. Advanced Glass Market
https://www.industryarc.com/Report/15105/advanced-glass-market.html
B. Fire Resistant Glass Market
https://www.industryarc.com/Report/11691/fire-resistant-glass-market.html
C. Flat Glass Market
https://www.industryarc.com/Report/15857/flat-glass-market.html
What can you expect from
the report?
The Tempered Glass
Market is prepared with the main agenda to cover the following 20 points:
1. Market Size by
Product Categories &
Application 11.
Demand Analysis (Revenue
& Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape
Analysis
9. Mergers &
Acquisition Analysis
19. Opportunity
Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently Asked
Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customization:
1. Increase the level of
data in application or end user industry.
2. Increase the number
of countries in geography chapter.
3. Find out market
shares for other smaller companies or companies which are of interest to you.
4. Company profiles can
be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss
more about our consulting services.
To request for a
proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=501564
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Sales
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Email 1:
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About IndustryARC: IndustryARC is a Research and Consulting Firm
that publishes more than 500 reports annually, in various industries such as
Agriculture, Automotive, Automation & Instrumentation, Chemicals and
Materials, Energy and Power, Electronics, Food and Beverages, Information
Technology, and Life sciences and Healthcare.
Reference:
[1] https://atlas.media.mit.edu/en/profile/hs92/7007/
[2] https://www.ibef.org/industry/infrastructure-sector-india.aspx
[3] http://www.oica.net/category/production-statistics/2018-statistics/