Tempered glass market seen nearly doubling by 2030

The global tempered glass market is projected to grow from $47.0 billion in 2020 to $93.6 billion by 2030, driven by demand from construction and automotive uses. Asia-Pacific led the market in 2020, while the automotive segment and smart consumer electronics are expected to shape future growth.

Why it matters: - Tempered glass is headed for a major expansion as building, vehicle and electronics demand rises. - Allied Market Research projects the market will nearly double by 2030, signaling stronger demand across core industrial end uses. - The forecast points to Asia-Pacific as the main growth engine and construction as the largest demand base.

What happened: - Allied Market Research said the global tempered glass market generated $47.0 billion in 2020. - The market is projected to reach $93.6 billion by 2030. - The forecast implies a CAGR of 7.1% from 2021 to 2030. - The report covers market dynamics, top segments, the value chain, investment pockets, regional trends and competition. - The report is available in a sample PDF. - The full report is also available online.

The details: - Construction demand is the biggest current driver of the tempered glass market. - Automotive demand is another major growth engine. - Government rules and regulations are limiting growth to some extent. - Smart consumer electronics create new market opportunities. - The construction segment is expected to post the highest growth rate, with a CAGR of 7.0% from 2021 to 2030. - The construction segment held the largest market share in 2020, at about two-thirds of the total market. - The automotive segment is projected to grow at a CAGR of 7.7% from 2021 to 2030. - Asia-Pacific held 57.5% of revenue in 2020. - Asia-Pacific is projected to remain the dominant region through 2030. - Asia-Pacific is also expected to grow the fastest, at a CAGR of 7.5% during the forecast period. - The report profiles Abrisa Technology, AGC Inc., Asahi India Glass Ltd., Cardinal Glass Industries, Gentex Corporation, Koch Industries Inc., NorthGlass, Press Glass Holding SA., Saint Gobain and Vitro.

Between the lines: - The mix of a large construction base and faster automotive growth suggests the market is broadening rather than relying on one end use. - Asia-Pacific’s lead indicates demand is being shaped most heavily by manufacturing and construction activity in the region. - Smart electronics may become a bigger upside driver if device makers continue to add more glass-intensive designs.

What's next: - The construction segment is expected to stay the largest end-use category through the forecast period. - The automotive segment is likely to close some of the gap as vehicle glass demand accelerates. - Asia-Pacific is expected to keep its lead while adding the fastest growth rate through 2030. - More information is available through Allied Market Research's purchase inquiry page.