Tempered Glass Market by Type (Plain Glass and Colored Glass), by Shape (Flat Tempered Glass, and Bent Tempered Glass), by Manufacturing Process (Thermal Tempering Process and Chemical Toughening Process), and by Application (Construction, Automotive, and Consumer Electronics) – Global Opportunity Analysis and Industry Forecast 2023-2030

Market Definition

The global Tempered Glass Market size was valued at USD 50.30 billion in 2022 and is predicted to reach USD 86.46 billion by 2030 with a CAGR of 8.0% from 2023-2030. Tempered glass is a type of safety glass that is processed through heat or chemical treatments to increase its strength compared to traditional annealed glasses.

Annealed glasses or standard glasses are thermally treated and slowly cooled to relieve any internal stresses whereas tempered glass is manufactured through a process of extreme heating and rapid cooling to provide required hardness. It is also known as toughened glass as it is much harder to break and produces only small pieces when broken. This versatile nature of tempered glass has led to its widespread adoption across various industries and applications.

In the automotive sector, tempered glass is commonly used for passenger vehicle windows, where its flexibility ensures the safety of occupants in the event of accidents. Additionally, it finds essential applications in the manufacturing of home appliances, such as oven doors and refrigerator shelves.

Market Dynamics and Trends

High sales of smartphones and tablets across the world that uses tempered or toughened glass for its touchscreen interface and exterior is driving the growth of the market. Tempered glass enables damage resistance to scratches, bumps and drops from everyday use of a smartphone. For instance, in February 2022, Samsung electronics launched its flagship smartphone Galaxy S22 Ultra, that features a toughened glass called corning gorilla glass victus-plus in front and back of the smartphone for better protection.

Also, high adoption of tempered glass in automotive industry to facilitate shatterproof windshields in vehicles as it protects the passengers from glass cuts in case of an accident is further driving the tempered glass market growth. For instance, in July 2021, Jeep announced the official availability of gorilla glass toughened windshield for its existing Jeep Wrangler and Gladiator models for USD 793.

However, high installation and replacement cost of tempered glass as it requires to be custom-manufactured for specific size and purpose is restraining the growth of the market. On the contrary, introduction of tempered glass screen protectors for electronic devices such as mobile phone, tablets, and wearables to provide protection from regular wear and tear is expected to create ample opportunities for the tempered glass market in the coming years. 

Market Segmentations and Scope of the Study

The tempered glass market share is segmented on the basis of type, shape, manufacturing process, application, and region. Based on type, the market is divided into plain glass and colored glass. On the basis of shape, the market is classified into flat tempered glass and bent tempered glass.

Based on manufacturing process, the market is categorized into thermal tempering process and chemical toughening process. On the basis of application construction, automotive, and consumer electronics. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of the tempered glass market, and is expected to continue its dominance during the forecast period. This is attributed to the factors such as high adoption of tempered glass solar roof tiles in the U.S. and Canada owing to the easy availability of advance solar systems from manufactures such as Tesla and CertainTeed in this region that significantly reduces energy cost. For instance, in February 2021, Tesla announced that the company's solar roof products will be available in Canada by the end of the year.

Moreover, in July 2023, Tesla launched a new feature called "Charge on Solar" that allows Tesla owners to charge their electric vehicles (EVs) by utilizing excess solar energy generated from their Tesla solar systems. The feature is available for both Canadian and U.S. Tesla owners and can be accessed through the Tesla app or from the main display inside the vehicle. Such developments are increasing the adoption of tempered glass solar roof tiles in the region, which in turn, is driving the growth of the tempered glass market.

In addition, presence of key market players such as PPG Industries, Corning International, Pilkington, and Guardian Industries engaged in the development of tempered glass for various industries further boost the market growth in this region. For instance, in July 2021, Corning International launched new toughened glass for smartphone camera lenses called DX and DX+. They are specifically designed to minimize reflections that will help smartphone manufacturers to develop cameras that can provide professional-grade image quality under any lighting conditions.

On the other hand, Asia Pacific is expected to show a steady rise in the tempered glass market owing to the presence of large population in countries such as China and India that increases the sales of consumer electronics that includes ovens, stoves, and other kitchen appliances that uses tempered glass. According to the Ministry of Industry and Information Technology of China, the country is leading globally in consumer electronics output and sales as of September 2022.

Moreover, rapid urbanization in this region is increasing the adoption of tempered glass in construction sector as it is widely used for building facades, sliding doors, windows, and partition member in homes, airports and offices is further driving the growth of the tempered glass market. According to United nations, the urban population in Asia is expected to grow by 50% by 2050.

Competitive Landscape

Various market players operating in the tempered glass industry includes Saint Gobain, PPG Industries, Corning International, AGC Co, Nippon Sheet Glass Co, Pilkington, Vitro, Cornwall Glass, Sichuan Shubo Group, and Koch Industries (Guardian Industries) among others. These market players are adopting various joint venture strategies and investing heavily to maintain their dominance in the tempered glass market.

For instance, in June 2022, Vitro Architectural Glass, subsidiary of Vitro collaborated with The National Aviary of Pennsylvania, U.S. to provide 20,000 square feet of Vitro Starphire Ultra-Clear tempered glass for the restoration project of the historic wetlands exhibit on Pittsburgh. Through this collaboration Vitro aims to enhance its market presence in tempered glass market.

Moreover, in February 2022, Cornwall Glass announced the construction of a new glass processing facility in Somerset, England for USD 6 million. Through this investment Cornwall aims to create a new unit line including a new furnace, heat soak ovens, and a specialist lamination line in the processing facility.

KEY BENEFITS

• The report provides a quantitative analysis and estimations of the tempered glass market from 2023 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the tempered glass industry, including the current and future market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the tempered glass market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porter's Five Forces model is elaborated on in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

TEMPERED GLASS MARKET KEY SEGMENTS

By Type

• Plain Glass

• Colored Glass

By Shape

• Flat Tempered Glass

• Bent Tempered Glass

By Manufacturing Process 

• Thermal Tempering Process 

• Chemical Toughening Process

By Application

• Construction

• Automotive

• Consumer Electronics

By Region

• North America

  • The U.S

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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