Sellbyville, DE -- (SBWIRE) -- 06/18/2019 -- Global Market Insights recently introduced new report on global Tempered Glass market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Tempered Glass industry considering all the major industry trends, market dynamics and competitive scenario.

Positive outlook in automotive industry owing to high production of passenger and commercial vehicles in China, India, and Japan may drive overall industry growth. Tempered glass market demand from automotive applications is poised to surpass USD 11 billion over the forecast timeframe. It is fitted in the rear and side windows of vehicles enabling passenger safety from various accidents and injuries. It is treated by heating through various chemical processes followed by rapid cooling where it gains strength and shatters in harmless pebble like pieces thereby providing safety for the passengers.

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Growth in commercial construction such as offices, malls, hospitals and hotels accompanied with rise in infrastructure spending should drive tempered glass market demand. Rising awareness regarding energy-efficient buildings owing to high threat of GHG emissions and increasing usage of solar thermal panels for electricity generation will stimulate market demand. It is four to five times stronger than the normal or annealed glass providing resistance to thermal breakage and antibreakage properties leading to high safety and security.

Tempered glass market demand from furniture applications may surpass USD 1.3 billion by the end of forecast period. These are highly used in table tops, book shelves, cabinets, television stands and side tables construction. Increasing household expenditure for interior decorations in order to accentuate the overall appeal and safety purposes will drive industry growth.

Toughened glass is used for protecting the screens of various gadgets such as smartphones, tablets and laptops. Tempered glass market from gadget applications may expect gains at over 5% by 2024 owing to increase in phone usage among the youth population. Growing smartphone market in Poland, Taiwan, Australia, and Brazil is likely to drive market demand.

Global tempered glass market share is competitive and moderately fragmented with industry players include Guardian Industries, Fuso, Asahi, PPG Industries, and Abrisa Technologies. Manufacturers are focusing on enhancing their product portfolio and global reach by establishing partnerships and acquisitions.

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North America led by the U.S. and Canada tempered glass market demand may register growth at over 4% by the end of forecast period. High economic conditions along with increasing government spending on infrastructure facilities should foster regional growth.

Europe, led by Germany, UK and France toughened glass market should exceed USD 9.5 billion by the end of foreseeable timeframe. Rising construction spending in residential sector owing to massive movement of immigrants to western European countries such as Germany and the Netherlands may fuel regional industry growth. Moreover, various automobile giants such as BMW, Mercedes and Audi are based in Europe which is positively affecting the tempered glass market demand.

Asia Pacific led by China, India and Japan tempered glass market is likely to exceed USD 15 billion by 2024. Increase in number of greenhouses along with rapid growth in industrial and commercial construction should favor regional market growth. Increase in automotive industry along with rise in consumer awareness regarding safety may drive industry growth.

The Tempered Glass market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Tempered Glass market based on product, technology, end user and region.

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