The tempered glass market has shown robust growth in recent years, expanding from $61.03 billion in 2023 to an expected $65.96 billion in 2024. This growth has been driven by factors such as the expansion of commercial construction, rising demand for high-performance motorcycles, adherence to automotive safety standards, architectural safety regulations, and the continued growth of the consumer electronics industry. Key trends in this period will include advancements in manufacturing technology, the introduction of curved and shaped glass designs, innovations in privacy glass technology and anti-reflective coatings, and the growing popularity of frameless glass installations.
The market is forecasted to reach $88.06 billion by 2028, with a projected CAGR of 7.5%. This future growth is expected to be fueled by the increasing adoption of electric vehicles, the rise of smart home technologies, the expansion of the aerospace industry, and a surge in renovation projects and sustainability initiatives.
One significant factor driving the market is the increasing use of tempered glass in mobile phone accessories. As mobile phones are often viewed as premium products, consumers are willing to invest in tempered glass screen protectors to enhance durability and prevent screen damage. Tempered glass, with its shock-absorbent and multi-layered properties, has become a leading screen protection solution, boosting its demand.
Furthermore, the growing automobile industry is another major driver for the tempered glass market. In automotive applications, tempered glass is used in windshields, side windows, and sunroofs due to its safety, durability, and resistance to shattering. For instance, according to a June 2023 report by Cox Automotive, car sales volume in the U.S. was projected to increase by 11.6% annually, reaching 7.65 million units in the first half of 2023. This growth in the automotive sector will continue to propel the tempered glass market forward.