According to Market Research Future analysis, the global screen-printing glass market is estimated to reach USD 7,67,426.6 thousand by 2023, registering a CAGR of 5.61% during the forecast period. Screen-printed glass is widely used as a decorative material in numerous applications, especially architecture and interior designing. The global market is expected to witness phenomenal growth owing to the rapid increase in the demand for glass over plastic as it is nondegradable. The demand for screen-printed glass is mainly driven due to its increasing application in the automotive industry as it offers long-lasting prints and economic feasibility in large production. The increasing investments in the construction industry are also projected to contribute to the growth of the global market. In addition, the growing demand for consumer electronics and cosmetic products coupled with emerging demand for screen-printed glass bottles in the pharmaceutical industry is projected to boost the growth of the global market.
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The growing preference for environmentally friendly products has surged the demand for screen-printing glass over other alternatives, for instance, plastic. Moreover, the development of organic-based inks is projected to accelerate the application of screen-printing glass in the food & beverage industry. Thus, the automotive industry plays a vital role in the growth of the global screen-printing glass market as the sale of vehicles across the globe is increasing.
The screen-printed glass finds a wide range of applications in electronic appliances and cosmetics, such as induction gas stoves, juicers, and perfume bottles. The growing working population has increased the demand for cosmetics. Also, the increasing prevalence of skin diseases across the globe has triggered the use of skin care products. Hence, the high demand for these products is expected to fuel the growth of the market for screen-printing glass during the review period.
FIGURE 1 GLOBAL SCREEN-PRINTING GLASS MARKET, BY APPLICATION, 2017 (%)
Sources: MRFR analysis
The global screen-printing glass market, by region, has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa andLatin America, . The Asia-Pacific market accounted for the largest share of the global screen-printing glass market and is expected to register a CAGR of 6.49% by the end of 2023. The growth of the regional market is attributed to the growing demand for screen-printed glass in numerous end-use industries, such as building and construction, automotive, and electrical and electronics. The major automobile manufacturers are shifting their manufacturing bases from developed to developing nations due to the availability of raw materials and low labor cost, which is expected to increase vehicle manufacturing, and drive the regional market growth. North America and Europe are the key markets for screen-printing glass. The growing building and construction industry in the developed nations on account of increased spending on renovation and remodeling of houses is driving the demand for screen-printing glass. The Latin American and the Middle East & Africa markets are likely to register healthy CAGRs on account of increase in residential construction and automobile production.
The global screen-printing glass market has been divided by type into clear/tinted glass, energy-saving glass, and others. Among these, the clear/tinted glass segment accounted for the largest share of the global screen-printing glass market in 2018 and is expected to grow at a significant rate during the review period. The energy-saving glass segment is likely to register a significant CAGR during the review period on account of rising demand in the automotive and architectural industries. Further, the market has been segmented based on application into architecture and interior design, automobile, consumer electronics, and others. Among these, the architecture and interior design segment accounted for the largest share of the global screen-printing glass market in 2018 and is expected to grow at a significant rate during the review period. The growth is attributed to the increase in commercial and residential construction activities in the developing countries coupled with strong government support and rising per capita disposable income. The automobile segment accounted for the second-largest share of the global screen-printing glass market on account of an increase in the manufacturing of vehicles, especially hybrid and electric vehicles to reduce carbon emissions.
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Some of the leading players operating in the global screen-printing glass market are Chromaline (US), Cugher Glass Srl Soc (Italy), BENTELER International (Austria), GMN (US), Sefar AG (Switzerland), Sinclair Glass (US), Casso-Solar Technologies LLC (US), Artline Screen Printing Inc & Custom Vinyl Graphic (US), and Shenzhen Chntop Screen-Printing Machinery CO., LTD (China), among others.
How does the report examine the growth drivers and restraints of the Screen Printing Glass Market ?
- The factors resulting in the expansion of the Screen Printing Glass Market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the Screen Printing Glass Market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Screen Printing Glass Market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Screen Printing Glass Market growth and Screen Printing Glass Market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of Screen Printing Glass Market in various geographical regions.
- The competitive landscape analysis on the Screen Printing Glass Market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Screen Printing Glass Market , underlining the growth rate and opportunities offered in the business.
The report covers a brief analysis of geographies including:
• North America
o Rest of Europe
o Australia & New Zealand
o South Korea
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o North Africa
o Rest of Middle East & Africa
The global screen-printing glass market was valued at USD 544,973.3 thousand in 2017 and is estimated to reach USD 767,426.6 thousand at a CAGR of 5.61% during the review period, 2018 to 2023. Increasing glass production and rise in demand from end-user industries, such as automotive and building and constructions, are factors projected to drive the growth of the global market. The clear/tinted segment, by type, was valued at USD 269,124.2 thousand in 2017 and is expected to reach USD 364,250.5 thousand by 2023. On the basis of application, the automotive segment accounted for a 30.1% share of the global market in 2017 and is projected to register a 5.94% CAGR to reach USD 230,703.8 thousand by the end of 2023. The market in Asia-Pacific accounted for the largest share in 2017 with a market value of USD 251,943.4 thousand and is expected to exhibit a CAGR of around 6.49% to reach USD 365,388.2 thousand by the end of 2023.
• Screen-printed glass manufacturers
• Suppliers and distributors
• Potential investors
• Raw material suppliers
• End-use industries
DC – Description
• clear/tinted glass
• energy saving glass
• UV-cured inks
• enamel ink
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