High-strength glass: Global markets
The global market for high-strength glass increased from $28.9 billion in 2018 to $30.9 billion in 2019, and is estimated to reach $31.9 billion in 2020, corresponding to a compound annual growth rate (CAGR) of 5.0% during the two-year period. The market is forecast to rise at a CAGR of 6.1% from 2020 to 2025, reaching global revenues of $42.9 billion in 2025.
High-strength glass is a category of glass characterized by high tensile or compressive strength. Its origins can be traced back to the 1660s, when German-English officer and scientist Prince Rupert of the Rhine, Duke of Cumberland presented the first tempered glass with the shape of a teardrop to King Charles II of England. However, almost 200 years went by before the first industrial process for producing tempered glass was developed.