ID: MRFR/CnM/6230-CR | April 2019 | Region: Bric | 148 pages
Screen printing on glass is one of the most versatile and an old printing technique form that makes use of ink. The ink passes through a screen that finds its extension on a frame that has high tension. Taking into consideration the image that needs to be printed, a stencil is placed on the screen to block some parts that are not required anymore. The stencil opening picturizes the image on the material that will be printed. The screen printing glass market prefers the use of glass to the maximum limit. Also, this helps to meet the demand for the technique of screen printing.
The most advantageous feature of screen printing on glass is that clear prints of the images are obtained on the glass surfaces. The overall outlook of the picture is enhanced by making use of this traditional printing technique. Owing to these features, the screen-printing glass industry is expected to grow at a 6% CAGR by the end of the global forecast period of 2017-2023 and attain a market value worth USD 7.7.7 million.
Since its emergence in 2020 and the global spread, the COVID 19 pandemic has all the credit for creating havoc and bringing about major changes in the way people carry out their businesses and live their life. The ‘new normal’ scenario is both unique and is taking time when it comes to adaptation. The worldwide imposition of the temporary and permanent kind is shutting business all around the world due to the inability of labor, thus causing adverse effects in the production and supply chain management. Such devastation is rare, but the key market players of the screen printing glass market are opting for marketing and development strategies to curb the losses. Currently, too, there is uncertainty due to the global coronavirus pandemic, and with a motive to overcome the disruptions of the past, businesses and governments are foreseeing new opportunities to boost sales. A strategic framework is being implemented that is well backed with the strategic ailments to get over the market trends that have been introduced in the lockdown period.
Drivers The industrial, as well as the commercial market, is witnessing a great demand for color vivacity along with long-time durability of the prints on glass materials. The modern machinery in collaboration with the automated systems produces an impeccable variety of color options. Also, the thick ink applies is quite high in comparison to the ink used in digital printing. In such cases, the threats related to scratches, harmful UV rays, as well as, humidity are also reduced. These are major drivers for market growth by the end of the global forecast period in 2023.
Restraints The growth of the market has a major restraint in the form of the unavailability of trained employees to function in the market. Also, the cost associated with the process of screen printing soars high. Some manufacturers still stick to the use of semi-traditional ways of screen printing and initiate the use of non UV solvent. This is another prominent threat to the market’s growth.
Technology Analysis The screen printing market has the ability of customization with the help of special effects of color. This further initiates the process of conducting the work cost-effectively. This is more prominent when there are large raiders, and the demand is of an image quality that is superior in comparison to its peers. The cosmetic, as well as the home decor companies, do not compromise on the importance of quality screen printing, taking into consideration the global competition.
The screen printing industry analysis covers the performance of the market along with its segments in various geographical locations of the world. The predicted CAGR growth of the global screen printing market is majorly based on the performance of the market segments. These are segmented based on the following:
Type Based on type, the screen printing glass market deals in printing on clear or tinted glass, as well as energy-saving glass.
Application The global screen printing glass market, based on application, has architectural and interior design. Also, automotive, as well as consumer electronics, are a part of this market segment.
Based on the geographical regions, the market has its functions prevalent in the North American landscape, APAC region, European nations, Latin America, along with MEA that stands for the Middle East and Africa. The APAC area is expected to have a dominant growth by the end of the global forecast period in 2023, attaining a market valuation worth USD 365.3 million. Solely, the demand for screen-printed glass is expected to rise at a 6.49% CAGR. The main reason behind this is the shift of manufacturing units related to automotive, electrical, construction, building, as well as electronics.
Also, for the forthcoming forecast year of 2023, the European nations are expected to register a CAGR growth of 4.23%. The residential, as well as the commercial applications, are likely to add to the growth. This is going to emerge as a lucrative option for the people living in different parts of Europe to increase their living standards by increasing the expenditure on interior designing and much more. In the forecasted period, the Middle East and African countries are expected to register a decent 6% CAGR growth.
There is mushrooming customization in the products offered by the key market players functioning in various market regions. Also, the global screen printing market analysis notes the performance of the key market players to draw a competitive market landscape. The ley players of the market are as follows:
These companies are strategically implementing the growth and development plans in collaboration with the research and development initiatives for launching products, signing mergers, and acquisitions for global market growth.
The worldwide screen-printing glass market report is a compilation of the market overview and the impact of the novel coronavirus on the functioning and market growth. The report takes into consideration the market framework and dynamics to predict a CAGR growth and an estimated market valuation by the end of a specific forecasted period. The report also contains a critical evaluation of the technology being used by the market, as well as the performance of various market segments that are going to impact the global market growth. Also, the regions where the market functions are covered along with their estimated growth to analyze the regions based on their potential to dominate as a global force. Also, the report mentions the recent developments of the market and highlights the key market players to draw a relative analysis of their function, management, and production levels.
|Market Size||2030: Significant value|
|Forecast Period||2022- 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||GMN,Chromaline,Sefar AG,Cugher Glass Srl Soc,Casso-Solar Technologies LLC,BENTELER International,Shenzhen Chntop screen-printing Machinery Co. Ltd.|
|Key Market Opportunities||Increasing the expenditure on interior designing and much more|
|Key Market Drivers||The industrial, as well as the commercial market, is witnessing a great demand for color vivacity along with long-time durability of the prints on glass materials|
Frequently Asked Questions (FAQ) :
The expected market CAGR growth by the end of the forecast period is 6%.
The market is segmented based on the type and applications.