Plane Tempered Glass Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The plane tempered glass market is anticipated to grow at a significant CAGR of 6.0% during the forecast period (2022-2028). Tempered glass is a form of safety glass that has been tempered to increase its strength and durability. The tempering technique compresses the glass surface using heat or chemical treatments, lowering the danger of breaking. In terms of heat resistance, design adaptability, lightweight, scratch resistance, and tensile strength, tempered glass outperforms standard annealed glass. Due to these advantages, plane tempered glasshas a wide range of applications in a variety of industries, including consumer electronics, automobiles, home furnishings, construction, and others which are the major growth factors of the global plane tempered glass market.

Among all the application, the construction sector has the major application of plane tempered glass due to the rising demand for high tensile, thermal shock, and temperature resistance tempered glass in building constructions. The demand for new interior infrastructure has recently increased in both developed and developing countries. The majority of the demand comes from residential and commercial structures. In interior design, tempered glass can be utilized as a decorative panel. Tempered glass can be used in buildings for sliding doors, storm doors, building entrances, bath and shower enclosures, internal partitions, stairs, building facades, and other applications that require exceptional strength and safety. Thus, with the rising construction requirements, the market for plane tempered glass will also grow considerably.

The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance-

• In September 2021, THOR Industries, Inc. had acquired Wichita, Kansas-based AirX Intermediate, Inc. (Airxcel). Airxcel manufactures a comprehensive line of high-quality RV products such as tempered glass, laminated glass and many more which they sell to original equipment manufacturers (OEMs) as well as consumers via aftermarket sales through dealers and retailers. The dealprice was$750 million, subject to standard post-closing adjustments, and was funded through a combination of cash-on-hand and $625 million from THOR’s expanded Asset-Based Credit Facility (ABL).
• In April 2021, Airxcel Inc. completed the acquisition of Cleer Vision Windows Inc., a tempered and speciality glass manufacturer company, to enhance the company’s product portfolio and its business.
• In August 2020, TOMAKK GLASS PARTNERS LLC announced that the company will launch a tempered glass manufacturing facility in Shreveport of Louisiana, US, with an investment of $1.95 million, thereby enhancing the company’s business and product portfolio.

 Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Abrisa Technologies, Airxcel Inc., Cardinal Glass Industries Inc., Fuyao Glass Industry Group Co. Ltd, Nippon Sheet Glass Co. Ltd., and Tomakk Glass Partners LLC,among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Plane Tempered Glass Market Report by Segment

By Application

• Construction
• Automotive
• Home Appliances
• Gadgets
• Others