Tempered glass or toughened glass is a strong protection glass manufactured by heating plate glass at approximately 1100°F, followed by cooling process. Tempered glass market is more beneficial in terms of thermal resistance and strength as compared to other glasses such as annealed, laminated, and heat-strengthened glass. Major raw materials used for manufacturing tempered glass includes nickel-sulfide, calcium oxide, silicon dioxide, and sodium oxide.
The most important benefit of tempered glass is safety. Tempered glass is safe because it reduces risk of injury due to its nature of breaking into small circulator pieces rather than sharp edges. Also tempered glass is strong because it follows the process of heating and applying chemicals that enhance strength of the glass. Tempered glass is the best option for windshields, home windows, and where maximum durability is required.
Increasing government initiatives on rapid urbanization, infrastructural development, and promoting foreign direct investments especially in China and India is expected drive growth of the global market. In addition, increasing adoption of annealed glass for building facades owing to its thermal stress resistance property is expected to support growth of this market in the near future.
On the basis of application, the market is segmented into automotive, construction, and others (Green House, Home appliances, Gadgets, Furniture). Construction segment expected to register highest CAGR in terms of revenue, owing increasing government initiatives regarding consumer safety, and increasing adoption of tempered glass in commercial buildings.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The market in North America is expected to witness significant gains over the forecast period, owing to increasing construction sector activities especially in the US and Canada. The market in Asia Pacific dominates the global market in terms of revenue, owing to inclination towards use of smartphones, innovative product launch, and rising construction industry especially in China, India, Taiwan, Brazil and Mexico.
Key players operating in the market include Asahi Glass Co., Ltd., GUARDIAN INDUSTRIES, DURATUF GLASS INDUSTRIES PVT.LTD., Xinyi Auto Glass, GSC GLASS LTD, Schott AG, Independent Glass Co Ltd., Tianjin CSG Architectural Glass Co., Ltd., Oldcastle Building Envelope, and Syracuse Glass Company.