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(Construction.IndustryNews247.Com, September 01, 2018 ) Industry Outlook and Trend Analysis
The global Tempered Glass Market was worth USD 42.34 billion in 2014 and is expected to reach approximately USD 66.87 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.21% during the forecast period. Expanding awareness with respect to the benefits of tempered glass in the electronic and automotive industry among consumers in developing areas is anticipated to impel industry development over the gauge period. Tempered glass is produced by synthetic treatment or controlled thermal procedures to build its quality when compared with annealed glass. The product is useful in various applications including passenger vehicle windows, architectural doors and tables, shower doors, mobile screen protectors, a component in the manufacturing of bullet proof products, refrigerator trays, diving masks and cookware by virtue of predominant properties including high quality and security highlights.
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Application Outlook and Trend Analysis
Automotive was the biggest application section and was assessed more than 1,000.0 million square meters in 2014. Rising usage of the product in the production of backlights and windows is foreseen to impel the demand of the product over the figure time frame. However, the product faces an aggressive burden when to contrast with and laminated glass as it is stronger to breakage and involves more prominent capacities as far as weight resistance. Construction is anticipated to witness beneath normal development over the forecast period.
Regional Outlook and Trend Analysis
Based on region, Europe tempered glass market was the biggest market in 2014 representing over 35.0% of the total volume. Astounding development in the automobile sector has prompted significant demand in the region. Western Europe countries, particularly France, United Kingdom and Germany are the biggest applicants of tempered glass. Asia Pacific is anticipated to be the fastest-developing region in the following years. The region is anticipated to encounter significant development in the automobile sector on account of rising vehicle manufacturing in China, India and Malaysia.
Competitive Insights
Due to the existence of well-established and small players, this market is highly competitive and fragmented. The switching preference of consumers towards home interior and construction of high buildings has brought about the increasing requirement for flat glass market. The vendors in the market will compete on the basis of size, design, and advanced features. The leading players in the market are Fuyao Glass Industry Group Co Ltd, Saint-Gobain, Euroglas, Guardian Industries, AGC Group, Nuclear Suppliers Group and Sisecam Group.
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The Tempered Glass Market is segmented as follows-
By Application:
Construction
Automotive
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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