Screen-Printing Glass Market Trends- Global Industry Analysis, Size, Share, Growth and Forecast 2022 - 2030
Overview
The global screen-printing glass market trends 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.
Segmentation Analysis
The global Screen-Printing Glass Market Trends 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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Regional Analysis
Geographically, the screen-printing glass market trends is
segmented into Europe, Asia Pacific (APAC), Latin America, North America, and
the Middle East & Africa (MEA).
The APAC screen-printing 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.
Competitive Analysis
Key players in the screen-printing 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).
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