The tinted glass market is likely to strengthen its boundaries at a steady CAGR of 6.6% during the forecast period. The market is anticipated to hold a revenue of USD 21.77 billion in 2023 while it is projected to cross a value of USD 41.26 billion by 2033.
The research report on the tinted glass market states that the enhanced protection against ultraviolet rays along with renovation and beautification is anticipated to garner market growth. Furthermore, the dynamic interior and exterior designs are pushing end users to experiment with the glasses and roofs. The tinted gasses are known to reduce ultraviolet rays by 99%. Let’s discuss the market growth while analysing some of the key drivers.
High Efficiency
The tinted glass market outlook explains that less heat traveling inside the home ultimately reduces the requirement of any cooling system. Hence, it increases energy efficiency. It works on the principle of heat absorption, and as a result, it reduces the end user’s energy bills.
Increased Security Element
Tinted glass window also keeps safety and security high as it manages to keep anonymity. The anti-sun glass also restrains anyone to look inside the house. Furthermore, it increases privacy while obscuring property of different types such as personal homes, private offices, and seminar halls.
Sun Protection
New tinted smart glass along with the tinted laminate glass is good for sun protection, and restriction of harmful rays from penetrating the houses. Alongside, tinted glass consumption is increasing through government tenders. It provides essential sun protection for your family and employees.
The tinted glass market outlook explains that the increased renovation and maintenance activities are fuelling the demand for tinted glass consumption. Growing demand for tinted glass in various end-use industries like residential and commercial buildings, automotive, furniture, and others is anticipated to bolster the consumption rate in the coming years.
| Attributes | Details |
|---|---|
| Tinted Glass Market CAGR (2023 to 2033) | 6.6% |
| Tinted Glass Market Size (2023) | USD 21.77 billion |
| Tinted Glass Market Size (2033) | USD 41.26 billion |
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Short-term Growth (2023 to 2026): The demand for tinted glass was lowered in the year 2020 in the end-use sectors which has affected the historic CAGR, however, in coming years the growth is expected to its original pace with the recovery of the economic conditions. Hence, the market is expected to hold USD 21.77 billion in 2023 while it is anticipated to reach USD 26.37 billion by 2026
Mid-term Growth (2026 to 2029): The tinted glass market is expected to bolster on the back of rising commercial buildings in developing countries. The building and construction sector might continue to be the prime application area for the tinted glass market globally followed by the automotive From USD 26.37 billion in 2026.The market is expected to land at a value of USD 31.94 billion in 2029.
Long-term Growth (2029 to 2033): Jumbo and big glasses with holistically balanced designs are anticipated to drive the market of tinted glass. East Asia is expected to be one of the key regional markets of tinted glass owing to the significant development in the building and construction section, especially in China. Rapid Increase in the economic development in South Asia and East Asia region is estimated to boost the demand for tinted glass in the coming years. Thus, the tinted glass market is anticipated to thrive at a steady CAGR of 6.6% between 2023 and 2033.
Increasing sales of automobiles are estimated to generate demand for automotive glass. The hike in total automotive production manifests that the demand for automobiles is growing in the global market, which might notably boost the overall demand for automotive glass.
The duration of automotive glass depends on weather conditions & driving conditions of the vehicles. In good road conditions, automotive glass displays an operational duration of 7-10 years. However, any crack in the windshield when hit by a small piece of debris while driving at high speed requires the windshield to be replaced. This, in turn, polishes the aftermarket segment in the global market.
Utmost cold conditions are also prone to rise the replacement ratio of automotive glass as the cold weather increases the chances of breakage or cracks in the glass. Hence, the aftermarket segment could have better chances in cold-prone regions like the United States of America, Canada, the United Kingdom, Norway, and other countries.
Principal Consultant
Various market participants are shifting their focus on manufacturing dark-tinted glazing, which is a solar control solution in tinted glass for automotive. It keeps the vehicles’ interiors cool by absorbing solar energy, while at the same time providing privacy for the passengers.
Along with the automotive industry, the building and construction industry is also shifting preference toward high-performance glazing so as to save energy and reduce carbon dioxide emissions. High-performance solar-control glass minimizes heat load and needs for air-conditioning, which simultaneously increases comfort. This massive potential to save energy and avoid lock-in effects has considerably increased the demand for high-performance glazing products.
The usage of glass facades has been one of the most prominent trends in real estate, especially buildings with glazing as well as elegant corporate houses and multinationals. This has introduced a new style of architecture and design in metro cities by offering a plethora of choices in everything, right from supplying different types of glass to cleaning, maintenance, and customization.
| Region | CAGR (2023 to 2033) |
|---|---|
| China | 8.1% |
| India | 8.0% |
| The United Kingdom | 5.7% |
Increasing Number of Housing and Corporate Setups are Fueling the Regional Growth
| The United States Market Share (2022) | 13.4% |
|---|
Sales of tinted glass in the United States of America are evaluated to account for a notable share of 13.4% of the overall tinted glass sales revenue generated in North America by the end of 2022. This significant urge for the product in the country is supported by a strong production rate.
The United States of America is projected to create significant market opportunities for key manufacturers owing to the increasing construction sector and adaptation of glasses in the high-rise building. Further significant production rates of vehicles are also bolstering the consumption rate of tinted glass in the country.
Increased Population along with the New Urban Setting isBoosting the Demand for Tinted Glass
| China Market CAGR (2023 to 2033) | 8.1% |
|---|
Demand in China for the tinted glass market is expected to rise at a CAGR of 8.1% over the forecast period. A significant development, in the enduses like the industrial sector including buildings – residential and commercial, automotive, furniture & crafts, and many others have remained a key driving factor for the growth of the market.
The tinted glass market in China is expected to gain traction in the foreseeable future, attributable to the growing population and urbanization. The increasing need for housing and growth in commercial buildings is anticipated to positively impact the growth of Tinted Glass in the region.
| India Market CAGR (2023 to 2033) | 8.0% |
|---|
India tinted glass market thrives on a CAGR of 6.5% between 2023 and 2033. This is due to the increasing consumption of tinted glass by the well-established automobile market and construction industry in this country.
Sales revenue of tinted glass in India is expected to increase at a significant growth rate during the forecast period owing to the expansion of end-use industries, such as residential and commercial buildings, automotive, and others. With the growing economy and urbanization, the utilization of tinted glass is reckoned to surge the demand. The availability of numerous sizes and different colors lures the end users.
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| Category | By Color |
|---|---|
| Leading Segment | Grey |
| Market Share % (2023) | 40.7% |
Based on color, the grey color segment is leading with a market share of 40.7% in 2023. The growth is attributed to the properties of grey color against the sunlight. The grey color comes under the neutral color category. It reduces glare and increases protection against bright sunlight. The grey tint also works well on both sunny and cloudy days.
The global construction Industry has been experiencing rapid growth which is driven primarily by the real estate sector due to the growing demand for housing and retail construction. Tinted glass is used in the construction industry and contributes a good share of its total sales. An increase in the demand for improving and better aesthetics in commercial complexes has fueled the growth of Tinted Glass. Buildings including residential and commercial sectors account for the crucial share of tinted glass.
The construction materials market has observed sustained gradual growth over the years. This can be accredited to praising economic conditions in numerous countries. The Construction industry is predicted to witness an acceleration in huge public infrastructural programs, which is expected to create public-private partnership opportunities.
The buildings segment is expected to be the most attractive segment owing to its large number of thickness areas. The increasing adoption rate of tinted glass in commercial buildings is expected to bolster the tinted glass market in the upcoming future
Double-glazed tinted glass is expected to grow at a comparatively high rate and likely to gain traction in the upcoming future. High heat absorption properties of Double Glazed Tinted Glass are expected to push its demand. However, the high-cost might remain the main concern for its use. Single Glazed Tinted Glass is expected to continue its dominance during the forecast period and remain the attractive segment on the basis of low cost and its increasing demand in developing countries from East and South Asia.
Climate change and resource scarcity has led the construction industry to do some rethinking for developing sustainability as a guiding principle. The green building concept or green design concept is used to facilitate the sustainable use of resources such as energy and water, which are included in the complete lifecycle of the building, including its construction.
Glass being a wholly-recyclable material is beloved by architects as well as designers to accomplish indoor as well as outdoor environmental quality. The intent of a green building design is to curtail the demand for non-renewable resources, amplify the utilization efficiency of these resources when in use, and augment the reuse, recycling, and consumption of renewable resources.
Glass permits natural light entry and puts together the interior of office and residential buildings with the exterior, leading to upholding a healthy environment. This factor could lead to an increase in the demand for tinted glass.
6mm accounts for the prominent share of Tinted Glass and is expected to be the notable segment in foreseeable future owing to its increasing consumption in commercial and residential buildings in developing countries. 3mm, 4mm, and 5mm tinted glass are consumed for automotive purposes. Together, these industries account for more than one-third of the total market
8mm segment is projected to grow at the high rate owing to the growing demand for commercial building facades. Increasing spending on the residential sector is further expected to push the demand in the upcoming future.
5mm and 6mm segments are expected to grow at a significant rate with regard to the development of construction and automotive industries in emerging countries. Increasing construction activities in the least developed nation are expected to drive the demand for tinted glass.
The market players focus on creating new type of glasses that are durable, smart, and environment friendly. Furthermore, the companies integrating with governments to expand their businesses is also garnering the market growth.
Market Developments
China may witness significant growth in the Tinted Glass Market.
The increasing demand for energy efficiency and privacy is expected to drive sales of Tinted Glass.
The growing popularity of smart glass and self-cleaning glass are some of the key trends driving the Tinted Glass Market.
The market recorded a CAGR of 5% in 2022.
Substantial investment in research and development and the expansion into new markets are some of the opportunities that await the market players in the Tinted Glass Market.
1. Executive Summary | Tinted Glass Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Colour 5.1. Bronze 5.2. Grey 5.3. Blue 5.4. Green 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness 6.1. 3mm 6.2. 4mm 6.3. 5mm 6.4. 6mm 6.5. 8mm 6.6. 10mm 6.7. 12mm 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Buildings 7.2. Automotive 7.3. Furniture & Crafts 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Design 8.1. Single Glazed 8.2. Double Glazed 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. AGC Inc. 17.2. Saint-Gobain 17.3. Nippon Sheet Glass Co., Ltd. 17.4. Vitro 17.5. Xinyi Glass Holdings Limited 17.6. THE ECAM GROUP 17.7. Guardian Industries Corp. 17.8. Taiwan Glass Group, Ltd. 17.9. Shanghai Yaohua Pilkington Glass Group Co., Ltd. 17.10. Qingdao Rexi Industries Co. Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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Tinted Glass Market
