by Heat-treated glass is used in a wide range of end-use applications such as architectural, automotive, solar, household furniture & appliances, and electronics. The glass undergoes heat treatment to enhance its strength and durability. It finds extensive usage in doors, walls, railings, furniture, microwaves, and electronic displays. Heat strengthened and tempered glass have high mechanical durability and resistance to thermal stresses. They provide improved safety and security over standard annealed glass. In the building & construction industry, heat treated glass is witnessing increased adoption in architectural applications such as balustrades, facades, and partitions due to its enhanced longevity and protection against breakage. The global heat strengthened and tempered glass market is estimated to be valued at US$ 474.5 Mn in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the heat treated glass market is the increased uptake in the building and construction industry. There has been a significant increase in construction activities of commercial buildings, residential buildings, and infrastructure projects across both developed and developing economies. Heat treated glass offers improved mechanical strength, resistance to thermal stresses, and safety compared to standard annealed glass. This makes it a preferred choice for applications in external facades, balustrades, skylight domes, and partitions in the construction sector. Additionally, growing emphasis on energy conservation in the construction industry is further fueling the demand for heat treated glass as it allows maximum utilization of daylight and passive solar heating while maintaining indoor comfort.
The other driver for the market growth is the increasing production of solar photovoltaic panels. Heat strengthened and tempered glass variants are widely used in solar panels as protective cover sheets due to their high withstand capability against external impacts, abrasion, and thermal shocks. Rising global installations of solar PV systems to fulfill the increasing demand for clean and renewable energy generation is propelling the consumption of heat treated glass in this application.
Segment Analysis
The heat treated glass market is dominated by the architectural segment which accounts for over 60% of market share. Glass is widely used in commercial and residential construction for windows, doors, facades, partitions and railings. The ability of heat treated glass to withstand high temperature changes and impact makes it suitable for architectural applications. The automotive segment is the second largest and growing segment for heat treated glass. Features like lightweight and high strength are driving increased use of heat treated glass in automotive applications like windshields, windows, sunroofs and others.
PEST Analysis
- Political: Most countries have energy efficiency building codes which promote use of insulation glass with heat treated glass. This stimulates demand.
- Economic: A rise in construction spending globally especially in developing nations augurs well for growth of architectural segment. Recovering automotive markets also support automotive glass demand.
- Social: Preferences for aesthetic glass designs and natural light in homes and offices boosts architectural segment. Also safety and comfort are important in vehicles supporting automotive glass.
- Technological: New coating, lamination and manufacturing technologies facilitate new designs and properties in heat treated glass driving innovations.
Key Takeaways
The global heat treated glass market is expected to witness high growth over the forecast period supported by growth in end use industries.
Regional Analysis: The Asia Pacific region dominates the market and is expected to maintain its lead. China has the largest construction industry and is a major automotive hub driving significant glass consumption.
Key players operating in the heat treated glass market are Cincinnati Gasket & Industrial Glass Products and Solutions, Asahi Glass Co.,Ltd., Corning Incorporated, SCHOTT North America, Inc., SCHOTT AG, CoorsTek, Inc., Vesuvius PLC, Nippon Sheet Glass Co., Ltd., CeramTec and others.Asahi Glass, Corning and SCHOTT are market leaders with integrated operations and wide product portfolio addressing architectural and automotive segments.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
