by Tempered coatings are protective sealants applied on glass and other rigid substrates to provide resistance against shattering and breakage. They are manufactured by chemically treating glass through a controlled thermal or thermal-chemical process. This results in the compression of external glass surfaces and removal of internal stresses. Tempered coatings offer mechanical strength and impact resistance to glass and make it at least four times more resistant to breakage than regular annealed glass. They are widely used in the construction industry for applications requiring safety glass such as shower doors, shower enclosures, glass doors and partitions, balcony railings, among others. The global construction industry has shown significant growth over the past few years owing to urbanization, infrastructure investments, and rising income levels. This has driven the demand for tempered glass products and coatings needed for construction applications. The global Tempered Coatings Market is estimated to be valued at US$ 61.98 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the tempered coatings market is the increasing adoption of green or eco-friendly tempered coatings. Conventional coatings often contain volatile organic compounds (VOCs) that emit harmful pollutants into the atmosphere. However, growing environmental awareness has prompted manufacturers to develop sustainable tempered coating options that are water-based, contain low or no VOCs, and have faster drying times. These green tempered coatings provide similar protective qualities as conventional ones while lowering the carbon footprint. Their higher demand will drive the green coatings segment of the overall tempered coatings market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the tempered coatings market is moderate as developing new tempered coating technologies requires high initial costs for R&D and manufacturing facilities.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of a wide range of tempered coating options across various price points from different manufacturers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers have to comply with strict quality standards set by coating manufacturers.
Threat of new substitutes: The threat of substitutes is low as tempered coatings provide unique benefits like strength, impact resistance and durability that substitutes cannot effectively match.
Competitive rivalry: The competition in the market is high due to the presence of numerous global and regional manufacturers.
Key Takeaways
The Global Tempered Coatings Market Share is expected to witness high growth.
Regional analysis: The Asia Pacific region holds the largest share of the tempered coatings market and accounted for over 35% of the global market share in 2024, driven by rapidly growing construction activities in China, India and other ASEAN countries. North America and Europe are also significant regional markets for tempered coatings.
Key players: Key players operating in the tempered coatings market are BrightSource Energy, Inc., EnergyNest AS., Ice Energy, Baltimore Aircoil Company, Inc., Abengoa Solar, S.A, Burns & McDonnell, Inc., and DC Pro Engineering. BrightSource Energy and Abengoa Solar are recognized as technology leaders in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
