Market Forecast By End-user Industry (Automotive, Construction, Electronics, Other End-user Industries) And Competitive Landscape
Product Code: ETC215295 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Mexico Tempered Glass market currently, in 2023, has witnessed an HHI of 4362, Which has increased slightly as compared to the HHI of 3704 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Mexico Tempered Glass Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Automotive |
Mexico Tempered Glass Market Report thoroughly covers the market by end-user industry. The Mexico Tempered Glass Market Outlook report provides an unbiased and detailed analysis of the ongoing Mexico Tempered Glass Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Mexico Tempered Glass Market is poised for substantial growth. This expansion is fueled by heightened demand across industries like construction, automotive, and electronics. Awareness about the strength and safety benefits of tempered glass is also contributing to this growth. The surge in infrastructure and construction projects in Mexico is creating a strong market need for tempered glass in windows, doors, and other applications, further propelling market expansion. Moreover, advancements in manufacturing technology are making tempered glass more affordable, broadening its consumer base.
According to 6Wresearch, Mexico Tempered Glass Market size is projected to rise at a CAGR of 5.8% during 2025-2031. One of the major drivers of this market is the rising demand for durable and visually attractive construction materials. As urbanisation and infrastructure projects accelerate, there is a heightened need for sturdy and contemporary buildings, leading to increased use of tempered glass. Advancements in technology have made tempered glass more affordable and available, encouraging its use in windows, doors, and furniture. Moreover, the growing preference for eco-friendly and energy-efficient construction materials has further fueled the growth of the tempered glass market in Mexico.
However, there are also challenges faced by this market, such as the high manufacturing costs of tempered glass. The process of strengthening glass through heating and cooling demands specialised equipment and skilled labour, which can be costly for companies. Another challenge is the scarcity of raw materials in Mexico, potentially leading to increased costs for manufacturers. Furthermore, the fluctuating demand for tempered glass in the Mexican market presents difficulties for businesses in accurately predicting and planning production levels. These challenges have led to major decline in the Mexico Tempered Glass Market Growth.
Some key players in the Mexico Tempered Glass market include names like Vitro, Guardian Glass, and AGC Inc. These companies are leading manufacturers of tempered glass and have a significant presence in the Mexican market.
The presence of these key players not only brings competition but also drives innovation and technological advancements in the market. With their extensive research and development efforts, these companies constantly strive to improve the quality and durability of tempered glass, making it suitable for various applications.
The tempered glass industry in Mexico has experienced substantial growth, largely due to government initiatives. The government has implemented schemes like the "National Plan for Climate Change" to promote energy-efficient materials such as tempered glass, aiming to reduce carbon emissions. Additionally, tax incentives have been introduced for companies adopting energy-efficient technologies, further encouraging the use of tempered glass in construction and other sectors. These measures not only benefit the environment but also foster the expansion of the tempered glass industry in Mexico.
The tempered glass industry in Mexico is poised for substantial growth in the upcoming years due to rising demand for durable and secure construction materials. This growth is fueled by factors including increased infrastructure projects, growing awareness about safety measures, and advancements in glass technology. Moreover, the trend towards energy-efficient materials is boosting demand for tempered glass in Mexico's market. These insights highlight a promising future for the tempered glass industry in Mexico.
According to Dhaval, Research Manager, 6Wresearch, the construction sector dominates the market due to the high demand for durable and safety glass in building projects. However, with the increasing use of tempered glass in automobiles for windshields, windows, and sunroofs, the automotive industry is projected to have a significant growth in the coming years.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Tempered Glass Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Tempered Glass Market Revenues & Volume, 2021 & 2031F |
3.3 Mexico Tempered Glass Market - Industry Life Cycle |
3.4 Mexico Tempered Glass Market - Porter's Five Forces |
3.5 Mexico Tempered Glass Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Mexico Tempered Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Tempered Glass Market Trends |
6 Mexico Tempered Glass Market, By Types |
6.1 Mexico Tempered Glass Market, By End-user Industry |
6.1.1 Overview and Analysis |
6.1.2 Mexico Tempered Glass Market Revenues & Volume, By End-user Industry, 2021-2031F |
6.1.3 Mexico Tempered Glass Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.4 Mexico Tempered Glass Market Revenues & Volume, By Construction, 2021-2031F |
6.1.5 Mexico Tempered Glass Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.6 Mexico Tempered Glass Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Mexico Tempered Glass Market Import-Export Trade Statistics |
7.1 Mexico Tempered Glass Market Export to Major Countries |
7.2 Mexico Tempered Glass Market Imports from Major Countries |
8 Mexico Tempered Glass Market Key Performance Indicators |
9 Mexico Tempered Glass Market - Opportunity Assessment |
9.1 Mexico Tempered Glass Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Mexico Tempered Glass Market - Competitive Landscape |
10.1 Mexico Tempered Glass Market Revenue Share, By Companies, 2024 |
10.2 Mexico Tempered Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |