The global screen-printing glass market size is poised to reach the valuation of USD 767.4million by 2027, as per the latest report by Market Research Future (MRFR). The market is predicted to expand at 5.61% CAGR over the forecast period (2020-2027).
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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.
The global screen-printing glass market size 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 2027.
By application, the architecture and interior design segment held a prominent market share in 2020. The segment is projected to reach USD 279.6 million by 2027. 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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Geographically, the screen-printing glass market 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.
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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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