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Tempered Glass Market 2019-2024; Growth Forecast & Industry Share Report

Author : Rahul Varpe | Published Date : 2019-09-23 

An analysis of Tempered Glass Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

Powered by a plethora of conventional as well as offbeat application arenas, tempered glass market undoubtedly is one of the most opportunistic, remunerative, business spheres of recent times. While the safety glass technology has already proliferated across automotive, construction, home appliances, greenhouse, and electronics sectors, the latest addition in the application spectrum is photography, rather in photography filters.  Subject to this fact, tempered glass industry space recently witnessed the inception of world’s first tempered glass GND (graduated neutral-density) and ND (neutral-density) filters. This new line of absolutely groundbreaking filters was officially launched in the mid of last year by San Francisco-based renowned giant, Breakthrough Photography.

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The change of events observed in the business space lately is expected to bring a consequential transformation in the way tempered glass market has been perceived for long. Say for instance, recently, renowned Indian glass maker, Borosil, has inaugurated a new tempered glass facility at its already established high performing solar glass plant at Bharuch. Experts believe, this million-dollar project, in effect, would significantly curtail the cost of solar power, in addition to improving its viability for consumers.

Reportedly, the 2-mm tempered glass produced by the Gujrat based firm would not only set a new standard for lighter glass material, but would also harness solar energy more efficiently with higher irradiance and lesser absorption.  In fact, with the deployment of this high transmission tempered glass in solar cell, module efficiency is claimed to increase by almost 30% with an enhanced shelf lifespan of 25-40 years.  The project is already grabbing much of a headline in renewable energy cosmos and allegedly, after full-fledged commercialization, would bring a disruption in tempered glass market dynamics as well.

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In this regard, it is imperative to mention that regional governments have had an indirect yet pronounced influence on tempered glass market proliferation, especially in this particular vertical. Say for instance, the China Government has been making quite some profound investments in green building facility since the past few years, which by extension has notably upscaled the product consumption in the regional infrastructural projects. In tandem, the country’s extensive growth toward central National New-Type Urbanization Plan is also claimed to complement the business expansion in the region. As per estimates, China tempered glass market is slated to cross a valuation of USD 4.5 billion by 2024.

Partial Chapter of the Table of Content:

Chapter 3. Tempered Glass Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.3.2.   Distribution channel analysis

3.4. Technology landscape

3.5. Regulatory landscape

3.5.1.   U.S.

3.5.2.   Europe

3.5.3.   China

3.6. Global flat glass industry trends

3.7. Pricing analysis

3.7.1.   Regional Pricing    North America    Europe    Asia Pacific    LATAM    MEA

3.7.2.   Cost structure analysis

3.8. Industry impact forces

3.8.1.   Growth drivers    Asia Pacific: Increasing construction industry    Europe: Positive automotive industry outlook    North America: Favorable regulations    MEA: Expansion of construction industry    Latin America: Increasing smartphone market in Brazil

3.8.2.   Industry pitfalls & challenges    Availability of substitutes

3.9. Innovation & sustainability

3.10.       Growth potential analysis, 2016

3.10.1. Emerging business models

3.11.    Porter's analysis

3.12.       Competitive landscape, 2016

3.12.1. Strategy dashboard

3.13.    PESTEL analysis

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It is undeniable that the ongoing experimentation that is presently outlining tempered glass marketplace, itself, is a testimony of the expanding application scope of the business sphere. However, volatility in raw material prices might create a supply demand gap in the value chain, hampering the profitability quotient to some extent. Nonetheless, in an effort to respond to the challenge, renowned giants involved in tempered glass market have been incessantly taking initiatives toward increasing the production capacity and expanding the product portfolio.  All in all, taking into consideration the multitude of application spheres that tempered glasses are engaged to, tempered glass industry is sure to make massive turnarounds in terms of profits over the coming years, exceeding a valuation of USD 40 billion by 2024.

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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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