Tempered Glass Market Analysis

Tempered Glass Market Analysis

Construction applications may register gains close to 5.5% through the forecast period. It is used for building facades, glazed doors, partitions, shower enclosures, canopies, and wash basins. Increasing government spending and favorable schemes in construction sector coupled with stringent regulations related with the consumers safety should propel the tempered glass market sales.

Commercial construction should surpass USD 12.5 billion by 2024. It is widely used in various commercial buildings such as offices complexes and public buildings along with supportive regulations regarding product usage will stimulate the tempered glass market demand. Changing lifestyle patterns along with safety needs and demand for better infrastructure has led to growth of construction output in China, India and Brazil.

Tempered glass market size from home appliances may witness significant gains at over 5% through 2024. Positive application outlook in washing machines, refrigerators, cookware and microwave ovens will boost product demand, thereby providing safety, and anti-breakage properties.

Gadgets applications segment should exceed USD 2.1 billion by 2024. These are widely used in smartphones, tablets and laptops or computers as screen protectors. Increase in smartphone penetration in South Korea, Poland, Brazil, Taiwan and Australia has led to adoption of toughened glass demand. 
 

Increasing demand for furniture including tabletops, shelves and cabinets and other interior applications should stimulate tempered glass market. Furniture applications should witness significant gains up to 2024 owing to increasing demand for innovative furniture designs for interior applications accompanied with improving lifestyle patterns of consumers.
 

Europe driven by Germany, France, UK, and Russia should register growth at over 3.5% through 2024. Increase in smartphone penetration and presence of major automobile companies along with strong economic conditions is expected to propel regional tempered glass market growth.
 

China should exceed USD 4.5 billion by 2024 owing to its wide application scope in construction and automotive sectors. Increase in government spending for various green building facilities accompanied with growth towards central National New-Type Urbanization Plan and investment by foreign manufacturers in Chinese factories should favor the tempered glass market in the region.
 

Brazil should witness significant growth at over 5.6% through 2024. Increase in urban population along with improving economic conditions should drive industry growth. Increasing popularity of various home appliances including refrigerators, washing machines and microwave ovens is expected to propel the regional tempered glass market.