Tempered
Glass Market to exceed USD 40 billion by 2024; according to
a new research report by Global Market Insights, Inc.
Increasing
government initiatives on infrastructure facilities accompanied with widening
application outlook in construction sector will favor tempered glass market
demand. Improving standard of living along with rising consumer spending on
interior furniture designing owing to disposable income and rapid urbanization
in India, China and Brazil will stimulate industry growth.
Rise
in tempered glass market demand owing to high strength, safety, anti-breakage,
and heat resistance properties coupled with its wide usage in public buildings
including phone booths, bus terminals, canopies gymnasiums and sports arenas
should stimulate market demand. Rising government regulatory support to favor
infrastructure development towards residential and commercial buildings should
stimulate the market growth.
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U.S.
tempered glass market size is likely to be over USD 7.5 billion by 2024 due to
rising consumer expenditure on interior and exterior designs resulting to high
aesthetic value. Increasing application outlook in construction, automotive,
and furniture sectors should stimulate industry growth in the region. Emergence
of various car manufacturing companies including Nissan, Honda, and Volkswagen
may have a positive impact in the overall industry.
Tempered
glass market size from automotive applications may exceed USD 11 billion up to
2024. It is preferably used in side and rear windows on account of its
durability, safety, tensile strength and thermal resistance will favor product
demand. Increasing product usage for automobile manufacturing owing to
lightweight and anti-breakage characteristics should stimulate industry growth.
Nickel-sulfide,
silicon dioxide, sodium oxide, and calcium oxide are key raw materials used in
the production process of toughened glass. Raw material volatility owing to
widespread usage in automotive, greenhouse, and construction industries may
challenge industry profitability & hinder tempered glass market supply
demand gap.
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Tempered
glass market size from residential construction market size may register gains
close to 5.5% over the projected timeframe. Government focus towards various
construction projects accompanied with shift in consumer trend towards modern
infrastructure should favor industry growth. Residential construction
resources, technologies, and practices must be in compliance to local building
authority regulations and codes of practice.
Germany
tempered glass market demand should exceed consumption at over 1.2 million tons
by 2024. Rising smartphone penetration rate owing to high disposable income,
and high demand for technically advanced products owing to its superior
properties including scratch resistance, heat resistance, shock protection and
durability should boost industry growth in the region. Increasing innovation to
enhance passenger reliability and safety along with R&D spending towards
advanced technology may favor automotive sector in the region.
Toughened
glass market size from greenhouse applications is likely to witness steady
growth close to 3.5% over the forecast timeframe. It is preferably used for
greenhouse walls, doors, and roofs on account of its ability to handle
fluctuating climatic conditions. Rising green and energy efficient buildings
construction along with safety glazing should stimulate industry growth.
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India
tempered glass market size is poised to exceed USD 4 billion during the
forecast timeframe. Increasing consumer awareness regarding safety along with
growing automotive industry will have a positive impact on the regional growth.
Availability of skilled labor at cheaper costs coupled with easy raw material
procurement may enhance product demand. It is used in rear and side windows of
vehicles including cars, trucks, vans and SUV’s due to safety purposes and
preventing damage caused from rollover accidents.
Fuso, Guardian
Industries, NSG, Asahi, PPG Industries, and Saint-Gobain are the prominent
industry participants in toughened glass market. Manufactures are engaged in
various strategies including partnerships & acquisitions in order to
enhance the product portfolio and global reach.
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About Global Market Insights:
Global
Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
insights and actionable market data specially designed and presented to aid
strategic decision making. These exhaustive reports are designed via a
proprietary research methodology and are available for key industries such as
chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766|
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766|
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Social Media: Google+ | LinkedIn | Twitter | Facebook
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