tempered glass market opportunities and challenges by technavio
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GLOBAL TEMPERED GLASS MARKET
Increasing demand for smartphones and laptops
Demand for energy- efficient systems
Progress in technology, coupled with environmental concerns and demand for environment-friendly buildings, has necessitated the application of energy- efficient systems translating to the use of tempered glass in different applications, particularly in the construction of green buildings.
GROWTH ATTRIBUTED TO RISE IN DEMAND FOR SMARTPHONES
The smartphone market is growing at a rapid pace due to technological progress such as high-speed internet browsing, personal data management, and innovative applications. A decrease in the price of smartphones is also promoting the demand.
The global tempered glass market will grow at a CAGR of more than 5% by 2022.
Growth Figures
0%
2%
4%
6%
8%
2018 2020 2022
APAC WILL CHARGE AHEAD IN TEMPERED GLASS THROUGH 2018
By 2022, 46.24% of the incremental growth will originate from APAC.
of the market is held by APAC.
45%
Plexiglass allows approximately 90% of visible light to pass through and is ultraviolet (UV) resistant. .
Will APAC continue to lead past 2018? View Report
ANTICIPATED USE OF TEMPERED GLASS IN PHOTOVOLTAICS
“Tempered glass has a long-term growth opportunity in the PV industry. The PV industry is highly cost-sensitive due to the unprofitable nature of photovoltaics.”
- Technavio Senior Analyst
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TOP VENDORS LEADING THE MARKET
Asahi Glass
Top contributors
Cardinal Glass Industries Koch Industries
Nippon Sheet Glass
SGG
Vitro
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