APAC to Dominate the Global Tempered Glass Market | Technavio

LONDON–(BUSINESS WIRE)–#GlassandCeramics–The global
tempered glass market is expected to grow at a CAGR of more than
5% from 2018-2022, according to a new market research report by
Technavio.

Global tempered glass market segmentation by end-user and geography

Technavio’s report on the global tempered glass market analyses the
business dimensions and presents a comprehensive breakdown in terms of
market segmentation by end-user, including construction and automotive.
As projected in 2017, around 52% of the market share originated from
construction.

Based on geography, the global
tempered glass market has been segmented into APAC, the
Americas, and EMEA. As of 2017, 46% of the market share came from APAC.

“APAC dominates the global tempered glass market; however, the market
share is expected to increase by 2022. The high demand is attributed to
the construction industry owing to the high pace of urbanization, higher
standard of living, and the rise in disposable income,” says a
senior analyst at Technavio for glass
and ceramics research.

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Tempered glass market: competitive vendor landscape

The global
tempered glass market is moderately fragmented. Asahi Glass,
Cardinal Glass Industries, Koch Industries, Nippon Sheet Glass, SGG, and
Vitro are the key vendors in the market. Quality, price, and innovation
are some of the factors that the players in the market compete on. The
key vendors are focusing on increasing their global footprint and are
expanding into developing countries through mergers and acquisitions or
partnerships with the regional vendors.

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Other topics covered in the report:

Market drivers:

• Increasing demand for smartphone and laptops
• Stringent regulations on limiting CO2 emissions

Market challenges:

• Processing challenges
• Increasing use of plexiglass

Market trends:

• Anticipated use of tempered glass in photovoltaics
• Technical progress in glass market

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tempered glass market report free of cost

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and ceramics research library and find expert analysis on
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