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Tempered Glass Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-06-14 

Global Tempered Glass Market Report offered by Global Market Insights gives a market overview of the  industry which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2025.

Growth in commercial construction such as offices, malls, hospitals and hotels accompanied with rise in infrastructure spending should drive tempered glass market demand. Rising awareness regarding energy-efficient buildings owing to high threat of GHG emissions and increasing usage of solar thermal panels for electricity generation will stimulate market demand.

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According to a new research report by Global Market Insights, Inc. Tempered Glass Market size is likely to exceed USD 40 billion by 2024.

Tempered glass market demand from furniture applications may surpass USD 1.3 billion by the end of forecast period. These are highly used in table tops, book shelves, cabinets, television stands and side tables construction. Increasing household expenditure for interior decorations in order to accentuate the overall appeal and safety purposes will drive industry growth.

Tempered glass market demand from residential construction is expected to surpass USD 6.5 billion owing to rising middle class population, increasing disposable income and willingness to spend money on household refurnishing will drive market growth. These are in compliance with residential building codes where they are installed in home to reduce death or injury risk.

 

Toughened glass is used for protecting the screens of various gadgets such as smartphones, tablets and laptops. Tempered glass market from gadget applications may expect gains at over 5% by 2024 owing to increase in phone usage among the youth population. Growing smartphone market in Poland, Taiwan, Australia, and Brazil is likely to drive market demand.

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Asia Pacific led by China, India and Japan tempered glass market is likely to exceed USD 15 billion by 2024. Increase in number of greenhouses along with rapid growth in industrial and commercial construction should favor regional market growth. Increase in automotive industry along with rise in consumer awareness regarding safety may drive industry growth.

Global tempered glass market share is competitive and moderately fragmented with industry players include Guardian Industries, Fuso, Asahi, PPG Industries, and Abrisa Technologies. Manufacturers are focusing on enhancing their product portfolio and global reach by establishing partnerships and acquisitions.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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