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Global Tinted Glass Market Expected to Reach US$ 41.26 Billion by 2033 with a 6.6% CAGR | Future Market Insights, Inc.

Published

1 year ago

September 18, 2023

The construction and interior design sectors drive demand for tinted glass, with new trends like French green and crystal grey contributing. Tinted glass offers enhanced safety, security, and energy efficiency, fueling the market growth.

NEWARK, Del., Sept. 18, 2023 /PRNewswire/ — The tinted glass market is anticipated to expand its roots at a steady CAGR of 6.6% between 2023 and 2033. The market is anticipated to surpass US$ 41.26 billion by 2033, while it is likely to be valued at US$ 21.77 billion in 2023.

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Tinted Glass Trends: Fueling Demand in Construction, Safety, Efficiency, and Innovation for UV Protection

The new construction and interior design businesses fuel the demand for tinted glass solutions. Furthermore, new experiments such as French green, crystal grey, and euro grey tinted float glass are increasing the demand for tinted glass.
The enhanced safety and security delivered through tinted glasses is flourishing the market growth. Furthermore, increased efficiency due to the lower energy consumption is anticipated to the market growth.
The advanced glassing solution and low-maintenance glasses are further expected to boost the demand for tinted laminate glass. Alongside, tinted smart glass is also in high demand, expanding the tinted glass market size.
Many corporate and residential setups are adopting tinted glasses solutions for high UV protection.

Key Points from the Tinted Glass Market Research Report:

The United States market leads the tinted glass market in terms of sales volume in North America. The market holds a market share of 13.4% in 2023. The market growth is attributed to the increased number of corporate systems adopting glasses that protect them from sunlight and ultraviolet rays.
India’s tinted glass market leads the South Asia market in terms of CAGR with a leading CAGR of 8.0% between 2023 and 2033. The regional growth is attributed to growing awareness among people about the hazardous effects of UV rays
On the other hand, China’s tinted glass market flourishes at a CAGR of 8.1% between 2023 and 2033. The rising number of industrial warehouses with product stores are adopting tinted glass solutions.
By thickness, 6 mm tinted glass is in high demand as it is in high consumption due to the perfect size for different settings like residential, office buildings, and even grocery stores.
By color, the grey segment leads while holding a prominent market share of 40.7% in 2023.

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Competitive Landscape:

The key vendors work on producing the best quality glasses with experimentation and production value. Furthermore, the companies also provide application-specific tinted glass solutions. Key competitors also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

The key players in the market are

AGC Inc.
Saint-Gobain
Nippon Sheet Glass Co., Ltd.
Vitro
Xinyi Glass Holdings Limited
THE ECAM GROUP
Guardian Industries Corp.
Taiwan Glass Group, Ltd
Shanghai Yaohua Pilkington Glass Group Co., Ltd
Qingdao Rexi Industries Co. Ltd.

Recent Market Developments

– Guardian Industries Corp has introduced its guardian tinted glass that delivers solutions to exterior facades and interior decors. It comes for homes as well as commercial businesses. The tint also comes in various colors and designs.

– Taiwan Glass Group, Ltd. has revisited its tinted glass and updated its packaging and build quality. The company will likely hold a good amount of traction in the future.

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About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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