TEMPERED COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

Rapid increasing of building and construction sector

The building & construction sector is increasing rapidly in developed and emerging countries owing to rising in demand for commercial space such as offices, hotels, malls, and industrial corridors where tempered coatings glass are widely used in doors and windows panels can drive the market growth in upcoming years. Furthermore, increasing the investments in building infrastructure in developing countries such as the China, the U.S., India, Japan, Mexico, and others can boost the global tempered coatings glass market growth in upcoming years. According to the report published by Make in India, March 2022, in financial year 2021 infrastructure activities accounted for 13% share of the total FDI inflows of US$ 81.72bn and India will become third largest construction market globally by 2025. However, tempered coatings glass is widely used in modern architecture due to its strength and safety properties. Tempered coatings glass is heat resistant that can helps to propel the market growth. Moreover, tempered coatings glass is used in various appliances such as drinking glasses, cookware, and laboratory glassware which can drive the market growth.

Market Restraints

Tempered coating glass may cause various side effects

The long-term use of tempered coatings glass may cause various side effects. For instance, drastically change in temperature may cause tempered glass to outburst. Moreover, the glass is made up of silicon dioxide that can more effect on health related disorders such as silicosis, lung cancer, and others which can restraint the market growth.