The global market for screen-printing glass was worth about USD 544,973.3 thousand in 2017. It's expected to grow by 5.61% every year and reach around USD 767,426.6 thousand by the end of 2023. The growth is because more people want glass instead of plastic due to health concerns. Screen-printed glass is becoming more popular in cars because the prints last a long time and it's cheaper for large-scale production. The construction industry's increasing investments are also expected to help the global market grow. More demand for things like electronics, cosmetics, and screen-printed glass bottles in the medicine industry will likely boost the market. People wanting more eco-friendly products is another reason why screen-printed glass is in demand compared to alternatives like plastic. The development of inks made from organic materials is also expected to make screen-printed glass more popular in the food and beverage industry.
The global screen-printing glass market is split into different types, applications, and regions. Clear/tinted glass is the most common type and was valued at USD 269,124.2 thousand in 2017. It's expected to reach USD 364,250.5 thousand by 2023, mainly because more people are using it in buildings due to its ability to absorb light. The "others" category, which includes extra clear and solar control glass, was worth USD 88,644.8 thousand in 2017 and is expected to reach USD 127,838.4 thousand in 2023.
In terms of applications, architecture and interior design is the fastest-growing segment. It was worth USD 198,290.1 thousand in 2017 and is expected to reach USD 279,671.2 thousand in 2023. The automotive application segment was valued at USD 164,113.2 thousand in 2017 and is expected to grow by 5.94% each year until 2023. Within this segment, back lite (rear windows), windscreen (front window), side lite (side windows), and others make up the different uses of screen-printed glass in cars. The back lite sub-segment was worth USD 72,548.9 thousand in 2017 and is expected to reach USD 100,673.3 thousand by 2023.
The global market is divided into regions: North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Asia-Pacific is the biggest market, accounting for 46.0% and valued at USD 251,943.4 thousand in 2017. It's expected to reach USD 365,388.2 thousand by the end of 2023. This growth is because of a growing industrial base and increasing incomes of people. Europe is also a big market due to more glass production and the use of screen-printed glass in the car and food & beverage industries. North America and the Middle East and Africa are likely to see good growth due to growing industries like cars and electronics.
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