According to FMI, the US will continue to dominate the global glass tempering systems market during the forecast period and will hold a market share of around 30% in 2022. During the forecast period, the market for glass tempering systems in Germany is expected to grow at a significant CAGR of 4.5%, making it one of the leading markets across Europe
NEWARK, Del., Sept. 21, 2022 (GLOBE NEWSWIRE) — The global Glass Toughening Systems market is expected to reach US$166.5 million in 2032, growing at a flat 3% compound annual growth rate during the forecast period .9% will grow from 2022 to 2032. Valued at US$109.5M in 2021, the Glass Temperature Control Systems market is estimated to reach US$113.6M in 2022. The increasing adoption of glass temperature control systems in various industries such as architecture, automotive, electronics and others drives the market over the forecast period.
Glass toughening systems are equipment used to produce high strength toughened glass through controlled thermal or chemical treatments. These systems have rapidly gained importance in the glass industry in recent years due to their ability to produce safe, reliable, high strength and heat resistant tempered glasses.
Increasing awareness of the benefits of using a glass toughening system, particularly in the electronics and automotive sectors, is driving market expansion. Better transportation options, an increasing demand for durable building materials, as well as an increasing architectural trend towards using glass in buildings and structures are certain complementary factors boding well for the market growth. Furthermore, advances in glass processing technology coupled with the increasing application of tempered glass in many end-use industries such as automotive, solar panel, residential and commercial building, digital glass, decoration and others continue to drive the glass tempering system market growth during the projected period.
Although the future of the glass toughening systems market is bright, it is not without its challenges. Expensive initial investment, high operating costs and unavailability of transportation means can restrain the growth of Glass Toughening Systems Market during the assessment period.
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“The increased demand and usage of tempered glass in the architectural sector is likely to drive the market growth of the same over the forecast period,” said an FMI analyst.
The central theses:
Poor transportation options can affect market opportunities.
Constant innovations and the integration of advanced technologies will increase market opportunities.
The target market in USA is expected to account for 30% of the market share in 2022.
Driven by the construction industry, the tempered glass market in China is expected to register a CAGR of 4.2%.
The flat glass applications segment holds about 80% of the market share.
The architecture segment will dominate the market up to the point of end use.
Glaston Corporation, LiSEC Austria GmbH, Luoyang Landglass Technology Co. Ltd., Luoyang North Glass Technology Co., Ltd., Keraglass Industries Srl., SAS VILUX, CoolTemper Ltd., Lambert GT Services Ltd., IGE Glass Technologies, Inc., Saint-Gobain SA, EFCO and Ratnesh International, among others, are some of the major players in the glass tempering systems market that are featured in the full version of the report.
Leading market players strive to expand their customer base by presenting their products at international exhibitions. Product updates and enhancements, mergers and acquisitions are certain other strategies some companies employ to gain a competitive advantage.
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Learn more about the Glass Temperature Control Systems market report
In its latest report, FMI provides an unbiased analysis of the global Glass Toughening Systems Market with historical data from 2015 to 2021 and forecast statistics from 2022 to 2032. To understand the global market potential, growth and scope, the market is segmented on Tempering Technology (CHQE ( Standard configuration, advanced configuration), chemical treatment), application (flat (continuous, oscillating), curved, combined flat and curved), end-use (car windows, architecture (windows and facade, mirrors and partitions, furniture), electronics (smartphone, home appliances) , solar applications, miscellaneous) and region.
According to the latest FMI reports, based on the region, the glass tempering systems market in the United States is expected to prosper during the projected period. The market in Germany is expected to account for 30% of the market share in 2022. This growth is due to the steadily growing automotive and construction sectors. The increased demand for high-resistance tempered glass and the immense presence of key market players are also supporting regional market growth. China and Germany are the other two countries expected to show impressive growth in this market over the review period.
Based on the segmentation by application, the flat glass segment is predicted to dominate the market with around 80% of the market share. In terms of end use, the architecture segment is expected to lead the market growth, holding about 75% of the market share during the forecast period.
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Table of Contents
1.1. Global Market Outlook
1.2. Trends on the demand side
1.3. Trends on the supply side
1.4. Technological road map
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Major Market Trends
3.1. Key trends affecting the market
3.2. Product innovation / development trends
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