Global Tinted Glass Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Tinted glass refers to type of glass which is treated with a material to reduce the transmission of light through it. In automobile, tinted glass are used to avoid excess heat and block the sun rays and in buildings tinted glass are used to absorb and reduce solar gain. Growing Construction industry and rising adoption of tinted glass in various end use industries are key drivers for the growth of Tinted Glass market.
For instance, according to India Brand Equity Forum (IBEF)- During 3rd quarter of 2021, the Institutional real estate investment in India increased by approximately 7% Year on year basis. Further, investment in real sector during the first nine-month period of 2021 increased to USD 2.9 billion from USD 1.5 billion in the same period in 2020. Furthermore, as per global database management company Statista- as of 2022, revenue in Real Estate is projected to amount to USD 370 billion in and as per projections the sector is estimated to grow at the rate of 3.61% between 2022 and 2025 to reach to USD 412 billion.
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Moreover, in April 2021, Marvin, US based manufacturer of windows, doors have entered into an agreement with Halio, Inc., California, US based manufacturer of Halio smart-tinting glass. Through this partnership Marvin and Halio would bring smart glass to the residential construction market. Also, with rapidly growing automotive industry in emerging economies and Surging infrastructure development due to government spending, the adoption & demand for Tinted Glass is likely to increase the market growth during the forecast period. However, stringent government regulations over use of Tinted Glass in automobile and in disruption in production due to covid 19 pandemic impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Tinted Glass market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to growing commercial development and presence of leading market players in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as surging government spending on infrastructure development and rapid urbanization in the region would create lucrative growth prospects for the Tinted Glass market across Asia-Pacific region.
Major market player included in this report are:
AGC Inc.
Saint-Gobain
Nippon Sheet Glass Co., Ltd.
Vitro Architectural Glass Ltd.
Xinyi Glass Holdings Limited
Pilkington Pvt Ltd.
Guardian Industries Corp.
Taiwan Glass Group, Ltd.
Shanghai Yaohua Pilkington Glass Group Co., Ltd.
Qingdao Rexi Industries Co. Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Design:
Single Glazed
Double Glazed
By Thickness:
3mm
4mm
5mm
6mm
8mm
10mm
12mm
By Colour:
Bronze
Grey
Blue
Green
Others
By End Use Industries:
Building
Automotive
Furniture & Crafts
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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