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Tempered Glass Market By Regional Statistics & Growth Forecast 2019-2024

Author : Rahul Varpe | Published Date : 2019-08-06 

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. Sources claim- this new filter group, under its canopy, includes products like X4 GND, X4 ND Square, Dark CPL, and X100 Holder. 

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 Apparently, X4 ND Square and X4 GND filters are deemed to be the sharpest and toughest of its kind, cite sources. Given the backdrop where researchers have been rigorously experimenting with this toughed glass in a bid to profile its application in various unorthodox spheres as well, tempered glass market, undeniably, stands in considerably paramount business position today. As estimated by Global Market Insights, Inc., overall tempered glass industry pegged a valuation of USD 24.5 billion in the year 2016.

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.

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Geographically, tempered glass industry demand has observed a marked upsurge across emerging economies such as India, China, and Brazil, where the construction sector has been on a robust incline since the past few years. When it comes to selecting glazing products for applications that demand safety, strength, and durability, architects have always preferred tempered glass. 

Primarily on account of its unique blend of properties like superior strength and shatter resistance, tempered glasses, nowadays, are extensively deployed in modern construction applications in compliance with the safety glazing standards like CPSC 16 CFR 1201, and ANSI Z97.1. The projection that claims tempered glass industry share from commercial construction application to surpass a revenue of USD 12.5 billion by 2024, is further validating the aforementioned fact.

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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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