Global screen printing glass market reported around USD 654

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New York, July 21, 2022 (GLOBE NEWSWIRE) — The glass bottles are the 282n/a the most traded commodity in the world. China was the top exporter of glass bottles in 2020 with export values ​​of around USD 2 billion, followed by Germany with around USD 1 billion and Italy in 3rd position with nearly $870 million. Additionally, Germany was the top exporter of insulating glass in 2020 with an export value of around $400 million. Additionally, China was the top float glass exporter in 2020 with an export value of over $600 million.

In the recent research titled Global Screen Printing Glass Market, Kenneth Research has provided a brief overview of market elements, including growth drivers, restraining factors, current market trends, and future growth potential. Both the influence of COVID-19 and its effects on the end users are thoroughly discussed in the market research report, which covers the forecast period, i.e., 2022-2031. Additionally, the research study examines the product portfolios and market expansion plans of key competitors.

The global import value of rear-view mirrors in the automotive industry has increased from approximately USD 6,300 million in 2020 to USD 7,500 million in 2021, with an annual growth in value of almost 20% from 2020 to 2021. Other On the other hand, the global export value of ink for glass printing has also increased from around USD 1,300 million in 2020 to over USD 1,500 million in 2021, with an annual growth in value of almost 18% between the two years. Rising business value of glass printing accessories in the automotive industry, along with growing demand for different types of glass products where screen printing can be performed are some of the major factors expected to fuel the growth. worldwide screen-printed glass. market. Screen-printed glass is widely used in the automotive industry for windshields, sunroofs with decor, heating elements, side windows with black edge decor and rear windows with heating elements.

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In addition to this, the demand for screen printed glass in the construction industry is also increasing as it offers various aesthetic advantages over traditional building materials. Screen printed glass expands uses in industrial, commercial and architectural mass imaging applications such as storefronts, architectural partitions, building exterior landscaping, mosaic glass, furniture decoration and other 3D objects . Screen-printed flat glass is also widely used in many ornamental and artistic creations. Additionally, the increase in the number of construction activities across the globe is also poised to create plenty of opportunities for the growth of the market in the coming years. For example, in the Philippines, which is a developing country, there were approximately 38,200 constructions registered in the 4e quarter of 2021, which represents an annual increase of approximately 5% compared to an annual increase of approximately 6.5% in the 3rd quarter. Additionally, there were about 28,000 non-residential constructions in the 4e quarter of 2021, with an annual growth rate of approximately 8.1%.

The global screen printed glass market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region. Considering the growing demand for screen printed glass from electronics, automotive and construction industries, the market in Asia-Pacific region is expected to witness significant expansion over the forecast period. The Indian Brand Equity Foundation (IBEF) estimated that 4.13 million automobiles were exported from India in 2021 with higher growth projections for the coming years. Like these other developing countries such as China, they are expected to propel growth in the Asia-Pacific region through increased trade and investment in construction, electronics and automotive. For example, Hong Kong, China was the largest exporter of electronic items with an export value of over US$52,700 million in 2020, while in 2021 the export value increased to around US$70 US$600 million. Moreover, the annual growth in value from 2020 to 2021 was almost 35%.

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On the other hand, the North American region market witnessed a notable share during the forecast period. An increase in vehicle production is expected to increase the demand for screen printed glass and thus expand the market growth in the region throughout the forecast period. According to statistics from the International Organization of Motor Vehicle Manufacturers (OICA), the total vehicle production in the United States was 9,167,214 vehicles, including 7,604,154 commercial vehicles in 2021, while the total vehicle production in Canada was 115,002 vehicles, including 826,767 commercial vehicles.

The study further incorporates YOY ​​growth, demand and supply and forecasts future opportunities in North America (US, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC [Finland. Sweden, Norway, Denmark]Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman]North Africa, South Africa, Rest of the Middle East and Africa).

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The global screen printed glass market is segmented by application into decorative, consumer electronics, construction, automotive and others. Among these, the automotive segment is expected to have the largest market share during the forecast period. Growing demand for laminated and tempered glasses for use in automobiles is accredited for the growth of the segment. For example, the value of global imports of laminated and tempered glass has increased from over USD 3,300 million in 2020 to around USD 3,800 million in 2021, with an annual growth in value of 17% from 2020 to 2021.

The global screen printed glass market is segmented by type into energy saving and clear. The energy saving segment is estimated to have a major market share during the forecast period. Energy-efficient glasses are used in windshields and windows in the automotive sector. The 716 of the worlde the most traded good is insulating glass. The United States was the largest importer of insulating glass in 2020 with a value of approximately $340 million. The use of these windows in automobiles creates a solid barrier against heat loss and maintains the ideal temperature inside the vehicle, reducing the need for interior air conditioning. Energy efficient glasses are widely used in the manufacture of buses and coaches. Rising vehicle production is expected to fuel the demand for energy efficient glasses, which in turn is expected to increase the growth of the segment. According to OICA statistics, the total vehicle production in 2019 was 91786861 vehicles, including 271204 buses and coaches.

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Some of the key industry leaders in the global screen printed glass market that are included in our report are Saint-Gobain Group, Jingjing (Group) Co., Ltd., Luoyang north Glass Technology Co., Ltd., Nippon Sheet Glass Co., Ltd., MONVERA GLASS DÉCOR, ToughGlaze Ltd., EZScreenPrint LLC, O.Berk Company, LLC, Bergin., Artline Screen Printing Inc, Phoenix Glass and others.

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