Pune, India, May 14, 2019 (GLOBE NEWSWIRE) -- Screen-Printing Glass Market is poised to touch USD 767.4 Mn by 2023 at an Impressive 5.61% CAGR during the forecast period (2018-2023), reveals the latest report by Market Research Future (MRFR).
Market Analysis
Screen-printing is a method used to transfer ink on any substrate or surface using a stencil. There are many new techniques that have emerged in the digital printing arena. However, screen-printing has maintained its mark on the printing industry. Glass is the preferred material used for screen printing over any other substrate due to its aesthetic advantages. Rising demand for decorative elements in the fields of architecture and interior design are anticipated to drive the global screen-printing glass market through the assessment period.
Many factors are fueling the ascension in the global screen-printing glass market. The enormous scope of application in automobile glass and large panel architectural glass is also leading promoting growth in the screen-printing glass market during the review period. A proliferation in the production of glass across the globe is also pushing the screen-printing glass market to a great extent.
Furthermore, the development of bio-inks owing to the shifting preference over synthetically derived ink is estimated to create new growth avenues for companies present in the screen-printing industry. Burgeoning demand for aesthetic designs in the electronics and cosmetic industry for branding purposes is projected to open up new opportunities for the screen-printing glass market in the foreseeable future.
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Key Players and Industry Buzz
The Global Screen-Printing Market is heavily influenced due to the activities of many prominent market players during the assessment period. The market players are seen applying several organic and inorganic strategies to expand and capture a larger market share and boast a degree of dominance over their peers in the industry. These strategies include partnerships, mergers, acquisitions, joint ventures, as well as, diversification of their product portfolio via the introduction of advanced products. For instance, in April 2019, Boston Industrial Solutions, Inc. introduced the Natron MG Series Inks. It is a two-component ink series for pad printing and screen printing onto glass, ceramics, metal, as well as, hard plastics substrates.
Some of these key players, as profiled in the Market Research Future (MRFR) report, 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).
Market Segmentation
The global Screen-Printing Glass Market has been analyzed for numerous segments for detailed and accurate study. Such market segmentation has been carried out on the basis of type and application. On the basis of type, the global screen-printing glass market is segmented into clear/tinted glass, and energy-saving glass. The clear/tinted glass segment is anticipated to garner a revenue valuation of USD 364.2 million by the end of the conjectured period. The clear/tinted glass can have several applications including glass floors, automobile glass, and skylights. The clear/tinted glass segment is likely to see prompt growth owing to the proliferation witnessed in the automotive and construction industry. The energy-saving glass segment is expected to register a lucrative CAGR of 6.74% during the assessment period. High demand for energy-saving glass by architects for saving energy costs is estimated to bolster the segmental growth during the forecast period.
On the basis of application, the global screen-printing glass market is segmented into automotive, architecture & interior design, and consumer electronics. Among these segments, the automotive segment is further sub-segmented into side lite, back lite, and windscreen. The automotive segment is likely to generate substantial revenue in the screen-printing glass market by the end of 2023. Such progress can be attributed to the growing requirement of tempered and laminated glasses among the massive production of automobiles. Moreover, mushrooming customization in the automotive sector, especially in the Middle East & Africa, is estimated to drive the global market.
Browse the market data and information spread across 148 pages with 184 data tables and 22 figures of the report “Screen-Printing Glass Market Report - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/screen-printing-glass-market-7699
Regional Analysis
Global Screen-Printing Glass Market is projected to reach a market valuation of USD 767.4 million by 2023. Regionally, the global screen-printing glass market is segmented into North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific is estimated to garner a revenue valuation of USD 365.3 million by the end of the forecast period. The region is expected to register a CAGR of 6.49% during this time owing to the growing demand for screen-printed glass in several end-user industries like automotive, building & construction, and electrical & electronics. The shifting of manufacturing base in the region due to lower labor costs and easier availability of raw materials is estimated to drive the regional market to a great extent. Mushrooming adoption of consumer electronics coupled with the emergence and penetration of digitization in many economies in the region is projected to push the screen-printing glass market exponentially through the assessment period. These economies include emerging economies such as India and China, and other South-East Asian nations like Thailand, Singapore, Indonesia, and Vietnam.
Europe is anticipated to expand at a 4.23% CAGR in the forthcoming years. A mounting need for substrate in residential and commercial applications is likely to boost growth in the market. North America is estimated to grow at a lucrative rate owing to the rising standard of living, higher expenditure on interior designing of commercial spaces and the remodeling of houses.
The Middle East & Africa region is estimated to showcase a CAGR higher than 6% during the conjectured period. With an upsurge in infrastructural projects for expanding the tourism industry, the market is anticipated to upscale in the region in the foreseeable future. Further, remodeling of old houses is likely to augment the demand for screen-printing glass during the assessment period. Additionally, a rise in the demand for glass decorations owing to increased expenditure on interior design is also observed to fuel lucrative growth opportunities for market in the region.
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