Screen Printing Glass Market Segmentation by Application (Decoration, Consumer electronics, Construction, Automotive, and Others); and by Type (Energy-Saving, and Clear)-Global Demand Analysis & Opportunity Outlook 2022-2031
21 Oct 2022
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
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With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Screen Printing Glass Market Highlights Over 2022 - 2031
The global screen printing glass market is estimated to garner a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Moreover, in the year 2021, the market registered a revenue of approximately USD 654.0 million. The growth of the market can be attributed to the longer durability and customized features of the screen printing glass. Additionally, an increase in the use of screen printing glass in the automotive and construction sectors is expected to contribute to the growth of the market. As per the World Bank, approximately 55% of the world’s population lives in cities. Increase in the urbanization percentage will surge the demand for screen printing glass in the automotive and construction sector. Therefore, urbanization is expected to contribute to the growth of the global screen printing glass market.
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The COVID-19 pandemic had a negative impact on the industry. There has been a continuous reduction in the demand for screen printing glass during the pandemic. Essential expenditure was higher during the pandemic owing to the limited resources available to the customers. Moreover, restrictions on the export and import of screen printing glass raw materials during the pandemic had an adverse impact on the growth of the market.
On the basis of application, the global screen printing glass market is segmented into decoration, consumer electronics, construction, automotive, and others. Out of these, the automotive segment is anticipated to hold the highest share of the market over the forecast period. The growth of the segment can be attributed to the growing demand for laminated and tempered glasses for use in automobiles.
Global Screen Printing Glass Market Regional Synopsis
Regionally, the global screen printing glass market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing demand for screen printing glass from the electronics, automotive, and construction industries. According to the India Brand Equity Foundation, automobile exports in India in 2021 were 4.13 million vehicles and have greater expectations of growth in the future. Similarly, other emerging countries, such as China, that are increasing their trade and investment in automobiles, electronics, and construction are also expected to drive the growth of the Asia Pacific region.
Our in-depth analysis of the global screen printing glass market includes the following segments:
Growth Drivers and Challenges Impacting the Growth of the Global Screen Printing Glass Market
Long durability of screen printing glass
Customization possible as per customer’s need.
Increase in the use of screen printing glass in automotive and construction sectors
Lack of skilled labor for manufacturing the product
High cost of screen printing glass
Key Companies Dominating the Global Screen Printing Glass Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent Some of the prominent industry leaders in the global screen printing glass market that are included in our report are Saint-Gobain Group, Jinjing (Group) Co., Ltd., Luoyang North Glass Technology Co., Ltd., Nippon Sheet Glass Co., Ltd., MONVERA GLASS DÉCOR., ToughGlaze Ltd., EZScreenPrint, LLC, O.Berk Company, L.L.C., Bergin., Artline Screen Printing Inc, Phoenix Glass, and others.
Latest Developments in the Global Screen Printing Glass Market:
4 February 2022: Saint-Gobain Group announced its agreement to sell its regional glass processing business Baltiklaas OU in Estonia to Polar Glass OU, a subsidiary of Barrus AS and the largest glued laminated timber manufacturer in Estonia.
28 June 2021: Nippon Sheet Glass Co., Ltd. announced the launch of NSG Purity owing to the increase interest in the antiviral materials. This glass is effective both in dark and in light.
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
The longer durability and customization features of screen printing glass combined with the increase in demand for these glasses in the automotive and construction sectors are the major factors driving the growth of the market.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022-2031.
Lack of skilled labor for screen printing glass and the high cost of screen printing glass when the order is of lesser quantity are the challenges affecting the market growth are estimated to hamper the market growth.
Which region will provide more business opportunities for growth of screen printing glass market in future?
Asia Pacific region will provide more business opportunities for growth of screen printing glass market in future.
The major players in the market are Saint-Gobain Group, Jinjing (Group) Co., Ltd., Luoyang North Glass Technology Co., Ltd., Nippon Sheet Glass Co., Ltd., MONVERA GLASS DÉCOR., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, type and by region.
Which segment captures the largest market size in application segment in the screen printing glass market?
The automotive segment is anticipated to hold largest market size in value by 2031 and display significant growth opportunities.
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- Saint-Gobain Group
- Jinjing (Group) Co., Ltd.
- Luoyang North Glass Technology Co.Ltd.
- Nippon Sheet Glass Co., Ltd.
- MONVERA GLASS DÉCOR.
- ToughGlaze Ltd.
- EZScreenPrint LLC
- O.Berk CompanyL.L.C.
- Artline Screen Printing Inc
- Phoenix Glass