Modern Era Infrastructures Reliant on Tempered Glass Market
Posted by industryarc on August 7th, 2019
As per a market intelligence report by IndustryARC, the tempered glass market size was estimated to be billion in 2018. According to the report, “‘Aesthetic feasibility’ is a mega-trend impacting the processes of various sectors. Right from automotive to construction, appearance of products are subject to severe analysis for fetching sales. Inexpensive glass equipped with its luminous peculiarities is gaining imperative share of product’s design in automotive as well as infrastructures. With annealed glass posing danger of casualties, the humongous applications are diverted towards inexpensive more shatter, shock, and thermal resistant tempered glass in various sectors.” Adjacent and integral to the modern automotive manufacturing and construction operations, demand in the tempered glass market is progressing at a global CAGR of 4.95% during the forecast period 2019 2025.
The report titled, “Tempered Glass Market: By End-User Industry (Automotive, Construction, and Consumer Electronics); Geography and Global Forecast 2019 To 2024”, presents a detailed analysis of the competitive landscape, taking into account the market shares of leading companies. It also provides information on unit shipments on a yearly basis. All the commercial aspects of the trending tempered glass market stretching from its end user verticals, application insights and regional revenue pockets to an imperative competitive landscape and pricing conditions are covered. The report also presents the challenging aspects pertaining to each segment, assisted by effective solutions.
View Full Table Of Content Of Tempered Glass Market:
China is the global leader in exports of safety glass, with an export value of .93 billion in 2017.
The Government of India, in the 2019 Interim-Union Budget, provided immense momentum to increased infrastructure by allocating .2 billion to the sector.
In India, production of commercial vehicles witnessed an upsurge of 8% in 2018.
The global construction sector’s output has overtaken the automotive sector’s output, and is now the fastest growing application segment for tempered glass, progressing at a CAGR of 5.32% going through 2025. Modern era infrastructure with intricate building designs, and the skyrocketing pace of construction of skyscrapers has diverted the requirement of traditional and expensive concrete to steel and inexpensive tempered glass, which provides dual advantages in terms of aesthetic feasibility as well as safety at an economic cost.
Tempered Glass Market: Disruptive trends
Explosions of car sunroofs have emerged as a disruptive trend for the tempered glass market. The U.S.’ National Highway Traffic Safety Administration (NHTSA) has registered hundreds of cases of sunroofs, built with annealed glass, exploding. Such incidents have prompted manufacturers to recall their vehicles and replace the annealed glass sunroofs with those made of tempered glass.
In 2018, Indian smartphone brand Lemon Mobiles announced that it would build a tempered glass manufacturing unit in corporation with Adsun Impex, with an investment of .32m. After procuring legitimate rights for attaining raw materials and for distribution of tempered glass in India from the Thailand Glass Company, the firm estimates that it will manufacture 20 million units annually.
Tempered Glass Market-Competitive Landscape:
Asahi India Glass Ltd. in its consolidated revenue of 2017-2018 witnessed an upsurge of 4% with net profit before tax elevated by 20.7% from the previous year during the same time period. The company, in its annual report for FY2018, claims that its major share of demand originated from the Indian automotive and construction sectors.
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Joined: August 6th, 2019
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