Tempered Glass Market Methodology, Share, Analysis and Forecasts 2012 - 2022
Global tempered glass market is expected to reach USD
54.31 billion by 2022, according to a new report by Grand View Research, Inc.
Growing automobile demand on account of rising disposable income is expected to
be the major driver for tempered glass market growth. Transition in building
architecture which includes maximizing natural light through use of glass in
facades and roofs is further expected to propel demand over the next seven
years.
UK tempered glass market demand, by application, 2012-2022 (Million square meters) |
The product
is widely used in construction industry for various applications on account of
its lightweight and high strength properties. Asia Pacific market is expected
to witness rapid growth on account of increased spending on large-scale
infrastructure development in India, China, Indonesia, and Malaysia.
Full
Research Report On Global Tempered Glass Market Analysis:
www.grandviewresearch.com/industry-analysis/tempered-glass-market
www.grandviewresearch.com/industry-analysis/tempered-glass-market
Further
key findings from the report suggest:
- Automotive application is
expected to grow at a CAGR of over 4.0% from 2015 to 2022. Rapid
industrialization in developing countries, coupled with increasing
disposable income of the middle class is expected to be primary drivers
for the automotive industry which in turn will propel demand particularly
in Asia Pacific and Latin America over the forecast period.
- Construction application
is expected to witness significant growth over the forecast period. The
product finds application as both exterior and interior elements of the
structure, in order to improve aesthetic value and to avoid fragility. It
is increasingly being used in construction applications on account of
enhanced characteristics including energy saving, anti-breakage and
insulating properties, thus propelling growth.
- Europe market is expected
to witness below average rate growing at a CAGR of over 3.0% from 2015 to
2022. In Europe, the product is mandated for use in applications including
safety glazing, fire knock-out panels, all-glass entrances and
storefronts, extreme wind loads and fireplace enclosures. However, with
declining automotive production and maturing construction industry in the
region product is expected to witness stagnant demand over the forecast
period.
- Asia Pacific market is
expected to witness significant growth over the forecast period and will
account for over 19% of the volume share by 2022. Raw material
availability coupled with low cost of skilled labor in these countries of
Asia Pacific has resulted in major automobile manufactures setting up
their production units in the region. This is expected to augment tempered
glass demand in the region.
- Key companies have been
adopting various strategies including R&D and acquisition & merger
in order to strengthen their position in global market. Saint-Gobain, AGC
Group, Guardian Industries and NSG Group are major players with global
presence and integration across the value chain. The market is fragmented
in nature owing to a number of local manufacturers and fabricators present
globally.
View more
reports of this category by Grand View Research at:
https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the global tempered glass market on the
basis of application and region:
Global
Tempered Glass Application Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2012 - 2022)
- Automotive
- Construction
- Others
Global
Tempered Glass Regional Outlook (Volume, Million Square Meters; Revenue, USD
Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Middle
East & Africa
- South
Africa
View press
release of this research report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-tempered-glass-market
https://www.grandviewresearch.com/press-release/global-tempered-glass-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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