Global Tempered Glass Market 2018-2022
About Tempered Glass
Tempered glass is a strong protection glass, which is manufactured by heating the plate glass at approximately 1100°F, followed by cooling. Tempered glass has multiple beneficial properties when compared with the other glasses such as annealed, laminated, and heat-strengthened glass.
Technavio’s analysts forecast the global tempered glass market to grow at a CAGR of 5.42% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global tempered glass market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tempered Glass Market 2018-2022
Technavio recognizes the following companies as the key players in the global tempered glass market: Asahi Glass, Cardinal Glass Industries, Koch Industries, Nippon Sheet Glass, SGG, and Vitro.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is anticipated use of tempered glass in photovoltaics. Tempered glass has a long-term growth opportunity in the PV industry. The PV industry is highly cost-sensitive due to the unprofitable nature of photovoltaics. Tempered glass could bring in changes in the PV industry because of its lightweight benefits. Lightweight PV panels reduce the cost of transportation, thereby reducing the final cost of solar panels.”
According to the report, one driver in the market is increasing demand for smartphones and laptops. The smartphone market is growing at a rapid pace due to technological progress such as high-speed internet browsing, personal data management, and innovative applications. A decrease in the price of smartphones is also promoting the demand. The market has not recorded any negative effects due to the economic recession.
Further, the report states that one challenge in the market is processing challenges. The tempering process, which includes heating (over 1,000 0F), quenching, and energy loss from the furnace, requires high energy to reach the tempered state. It requires a minimum energy of 4.76 kWh/m² (kilowatt hour per square meter) to manufacture a glass of 10.2 mm thickness. This is expected to result in an escalation of manufacturing costs.
Asahi Glass, Cardinal Glass Industries, Koch Industries, Nippon Sheet Glass, SGG, and Vitro.