Heat Treated Glass Market Growth Accelerated by Increasing Application in Construction Industry

 

Glass is a hard, brittle, non-crystalline, amorphous solid that is transparent and has wide applications in construction, automotive, electronics, solar and others. Heat treated glass are processed at higher temperatures to enhance the physical properties and change the microstructure of glass without altering its optical properties. They exhibit properties like low-emissivity, high-impact resistance and offer self-cleaning benefits. Heat treated glasses have higher mechanical strength and scratch resistance. The global Heat Treated 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 key trends:

The increasing application of heat treated glass in construction industry is the major trend that is accelerating the market growth. These glasses are extensively used in architectural applications to provide energy efficiency and safety in buildings. They deliver high-performance characteristics that suits varied architectural designs and help reduce energy consumption by decreasing heat transfer through windows and other facade openings. Low-emissivity coatings on heat treated glasses offer superior insulation against heat/cold transfer through infrared radiation, thus enabling significant savings on electricity bills from heating/cooling systems. This rising use of specialized heat treated glass in green buildings will continue to drive the market exponentially over the forecast period.

Segment Analysis

The global heat treated glass market is dominated by tempered glass segment accounting for over 50% of the market share. Tempered glass is one of the strongest forms of glass and is thermo strengthened by controlled surface compression. It is safer and up to four times stronger than standard annealed glass. This property makes it widely used in automotive and construction applications where safety and durability are of prime importance.

Key Takeaways

The global heat treated glass market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis shows Asia Pacific as the fastest growing region owing to increasing automotive production and construction activities in major countries like China, India and Southeast Asia.

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.