Screen Print On Glass Market Trends, Applications, Analysis, Growth, And Forecast: 2017 To 2027
Overview
The global screen-printing glass market size
is poised to reach the valuation of USD 767.4million by 2023, as per the latest
report by Market Research Future (MRFR). The market is predicted to expand at
5.61% CAGR over the forecast period (2018-2023).
The growth in construction and automotive industries
is the primary driver of the market. Increasing sales of automobiles coupled
with rise in disposable income levels of consumers are factors likely to offer
opportunity to the screen-printing glass market. The growth in the construction
industry with increasing consumers preference for modern designs are expected
to drive the market demand over the forecast period.
Increasing demand for aesthetic designs in
electronics and cosmetic industry for branding purpose are likely to offer
lucrative opportunity in the global screen printing glass market. The growing
working population has increased the demand for cosmetics especially in the
Middle East, Latin America, and Asia Pacific which is expected to drive the screen-printing
glass market demand. This is supported by the spur in skin diseases. According
to the American Academy of Dermatology, nearly 9,500 are diagnosed with skin
cancer. The increasing demand for cosmetic products is consequently expected to
boost the demand for screen-printed glass. .
Although, availability of a limited color palette
and other alternative technologies can impede market growth.
Regional Analysis
Geographically, the screen print on glass Market is segmented into Europe, Asia
Pacific (APAC), Latin America, North America, and the Middle East & Africa
(MEA).
The APAC screen
print on glass market is expected
to register 6.49% CAGR over the forecast period due to the massive expansion of
construction and automotive industries. The shift automotive manufacturing base
owing to low labor costs and easy availability of raw materials is likely to
drive regional market. The increased spending on consumer electronics coupled
with growing digitalization in emerging economies such as India and China, and
South-East Asian nations such as Thailand, Vietnam, Singapore, and Indonesia
are driving the demand for screen-printed glass in Asia-Pacific.
The MEA market is projected a cross over 6% CAGR
during the assessment period . surge in infrastructural projects for expanding
tourism and remodeling to old houses are expected to augment the market growth.
Rising -glass decoration due to increase in expenditure on interior design is
likely to boost market growth.
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Competitive Analysis
Key players in the screen
print on glass market include Sefar
AG (Switzerland), Sinclair Glass (US), Casso-Solar Technologies LLC (US),
BENTELER International (Austria), Artline Screen Printing Inc. & Custom
Vinyl Graphic (US), CUGHER GLASS Srl Soc. (Italy), GMN (US), Shenzhen CHNTOP
Screen Printing Machinery Co., Ltd. (China), and Chromaline (US).
Segmentation Analysis
The global screen-printing glass market is segmented
by type and application.
By type, the energy-saving glass segment is expected
to exhibit a CAGR of 6.74% over the forecast period compared to its
counterparts. This can be attributed to the demand in architecture and
automotive sectors. High demand for -competitive edge technologies such as
low-E glass which emits minimum levels of heat is expected to drive the product
segment. Furthermore, rising demand for energy saving in construction industry
are likely to fuel the demand for screen printing glass market., The
clear/tinted glass segment is expected to generate value of USD 364.2 million
by 2023.
By application, the architecture and interior design
segment held a prominent market share in 2018. The segment is projected to
reach USD 279.6 million by 2023. This can be attributed to the rise in
commercial and residential projects in developing economies including China,
India, Brazil, Saudi Arabia and Indonesia. The segment witnessed CAGR of 6%
over the assessment period due to strong government support and rising
disposable income levels of end-users., The consumer electronics accounted for
significant market share due to high demand for smartphones, tablets and
kiosks.
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Future:
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