Tempered Glass Market Set to Reach USD 87 Billion by 2030, Driven by Growth in Automotive and Consumer Electronics Sectors
According to Next Move Strategy Consulting, the global Tempered Glass Market, is poised to experience robust growth, projected to reach USD 87 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8% from 2023 to 2030. Tempered glass, also known as toughened glass, is renowned for its superior strength and safety characteristics, making it an essential material across a variety of industries, including automotive, consumer electronics, and construction.
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Market Dynamics and Key Drivers
The increasing demand for smartphones, tablets, and other consumer electronics that require tempered glass for their touchscreens is a major factor fueling the market's growth. The use of tempered glass enables devices to resist scratches, bumps, and drops, ensuring enhanced durability. For example, leading smartphone manufacturers like Samsung have integrated toughened glass, such as Corning’s Gorilla Glass Victus+, in their flagship models to provide better protection against everyday wear and tear.
Similarly, the automotive industry’s adoption of tempered glass for windshields and windows is contributing significantly to market expansion. Tempered glass’s ability to break into small, blunt pieces upon impact reduces the risk of injury during accidents, making it a critical safety feature in passenger vehicles. In fact, Jeep recently introduced toughened glass windshields for its Wrangler and Gladiator models, underscoring the growing use of tempered glass in the automotive sector.
While tempered glass offers numerous benefits, its high installation and replacement costs remain a limiting factor. Custom manufacturing, required for specific applications, increases production costs. However, the introduction of tempered glass screen protectors for mobile phones, tablets, and wearables is expected to open new market opportunities. These screen protectors provide added protection against regular wear and tear, further boosting the adoption of tempered glass in the consumer electronics segment.
Market Segmentation
The global tempered glass market is segmented based on type, shape, manufacturing process, and application. By type, the market is categorized into plain glass and colored glass. In terms of shape, it includes flat tempered glass and bent tempered glass. The manufacturing process is divided into thermal tempering and chemical toughening processes.
Applications of tempered glass span across various industries, including construction, automotive, and consumer electronics. In construction, tempered glass is used for windows, facades, and partition members, while in the automotive sector, it is essential for vehicle windshields. In the consumer electronics sector, tempered glass is commonly used for smartphone screens, touchscreens, and camera lenses.
Regional Outlook
North America holds the dominant share of the global tempered glass market, primarily due to the high adoption of tempered glass in solar roof tiles and electric vehicles. The U.S. and Canada, in particular, have seen increasing demand for tempered glass products in solar systems, such as Tesla's solar roof tiles, which reduce energy costs while providing durability. Tesla's recent innovations, such as the "Charge on Solar" feature, have further driven the demand for tempered glass in the region.
Asia-Pacific is also expected to show steady growth, driven by the rising demand for consumer electronics in countries like China and India. The rapid urbanization in this region is contributing to the growth of the construction sector, where tempered glass is extensively used for building facades, windows, and partitioning systems. China, being the global leader in consumer electronics production, significantly influences the market in Asia-Pacific.
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Competitive Landscape
The global tempered glass market is highly competitive, with several key players dominating the industry. Notable companies include Saint-Gobain, PPG Industries, Corning International, AGC Co, Nippon Sheet Glass Co, Pilkington, Vitro, Cornwall Glass, Sichuan Shubo Group, and Koch Industries (Guardian Industries). These players are adopting various strategies, including joint ventures, technological advancements, and heavy investments in research and development, to maintain their market dominance.
For instance, Vitro Architectural Glass partnered with The National Aviary in Pennsylvania, U.S., to provide tempered glass for the restoration of a historic exhibit. In another development, Cornwall Glass invested USD 6 million to build a new glass processing facility in Somerset, England, further expanding its capabilities in tempered glass production.
Conclusion
The global tempered glass market is poised for significant growth over the next decade, driven by rising demand in key sectors such as automotive, consumer electronics, and construction. Despite challenges related to high installation and replacement costs, the market is set to benefit from innovations like tempered glass screen protectors, which are enhancing the durability and performance of electronic devices. Regional markets in North America and Asia-Pacific will play a pivotal role in shaping the future trajectory of the tempered glass industry.
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