In terms of value, the global decorative glass market is expected to reach at a CAGR of 4.7% from 2020 to 2027 and to attain valuation US$ 8.2 billion by 2027.
Decorative glass is often used in interiors of hotels, restaurants, and homes. Decorative glass is also employed in decorative floors, fountains & waterfalls, walls, glass skylights, suspended glass ceilings, decorative windows, and glass dividers. The application of decorative glass in the residential sector helps create a comfortable and safe living space. Thus, decorative glass is often used to cut down on heat and glare, filter out external noise, increase natural lighting, provide security, or improve décor. It is employed in various residential applications, including doors, windows, partitions, shelves, cabinets, staircases, and balconies.
Environmental Impact of Glass Production to Hamper Decorative Glass Market
Glass manufacturing is a high-temperature and energy-intensive activity, leading to the emission of combustion by-products (sulfur dioxide, carbon dioxide, and nitrogen oxides) and high-temperature oxidation of atmospheric nitrogen. Glass manufacturing is, thus a significant emitter of greenhouse gases (GHG), particularly carbon dioxide (CO2). The production of 1 kg of glass in a gas-fired furnace generates approximately 0.6 kg CO2; of this, 0.45 kg arises from fossil fuel combustion and 0.15 kg from dissociation of carbonate raw material (CaCO3 and dolomite) used in the batch. The GHG production is directly linked with the type of glass, the type of fossil fuel used, process energy efficiency, and the use of recycled glass or cullet. Furnace emissions also contain particulate matter (PM) and may contain low levels of metals, such as lead and cadmium. Other metals, including arsenic, are found in some special glass. Melting furnaces contribute between 80% and 90% of total pollutant emissions to air from a glass production facility. Therefore, environmental effects caused by glass production are estimated to hamper the global decorative glass market.
The glass manufacturing industry has higher average incidence of injury or illness than any other manufacturing sector. For instance, in the U.K., the rate of injuries in each of the glass industries is higher than the overall rate for “manufacturing” and higher than the combined rate for all industries.
Single Glass to Offer Lucrative Opportunities for Decorative Glass Market
In terms of product, the global decorative glass market has been divided into single glass (colored, scattered, printed, and coated) and laminated glass (interlayer film [polyvinyl butyral], ethylene-vinyl acetate, thermoplastic polyurethane, polyester, and others). Single glass is projected to be a highly lucrative segment of the global decorative glass market during the forecast period. It is likely to expand at a CAGR of 5% from 2020 to 2030. Single glass has a smooth and durable surface that provides supreme surface finish. It is suitable for usage in a wide range of domestic and commercial applications, including kitchen & bathroom splashbacks, furniture, kitchen cupboards, doors, displays & balustrades, and windows.
Windows to be Key Application of Decorative Glass
In terms of application, the global decorative glass market has been segregated into partitions, stairs, wall cladding, windows, and others. The windows segment is anticipated to dominate the global decorative glass market during the forecast period. The windows segment accounted for a major share of the global decorative glass market in 2019. In terms of volume, the segment is anticipated to expand significantly during the forecast period. The segment is projected to account for more than 25% share of the global decorative glass market by 2030. This is estimated to boost the global decorative glass market in the near future.
High Demand for Decorative Glass from Residential Sector
In terms of end use, the global decorative glass market has been divided into residential and commercial (offices, malls, hotels & restaurants, casinos, and others). The residential segment is anticipated to dominate the global decorative glass market during the forecast period. The segment is projected to account for more than 60% share of the global decorative glass market by 2030. The high share of the segment can be ascribed to rise in demand for better esthetics in the residential sector and high spending power of consumers in developing and developed countries.
Asia Pacific to be Lucrative Region of Decorative Glass Market
Based on region, the global decorative glass market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global decorative glass market in 2019. The trend is projected to continue during the forecast period. The demand for decorative glass is high in Asia Pacific, particularly in China, owing to increase in use of decorative glass in building & construction industry in the region. China is a prominent consumer of decorative glass in Asia Pacific. The expansion of the building & construction industry is a major factor propelling the decorative glass market in the country.
Competition Landscape of Decorative Glass Market
The global decorative glass market is highly fragmented. Compagnie de Saint-Gobain SA, AGC Inc., Nippon Sheet Glass Co., Ltd., SCHOTT AG, and Taiwan Glass Industry Corp. cumulatively held more than 40% share of the global decorative glass market in 2019. Leading players have taken initiatives to expand their presence in the global decorative glass market through acquisitions, increase in production capacities, and strategic partnerships.
Other key manufacturers operating in the global decorative glass market are RSL Inc., Bendheim, Guardian Glass LLC, ALUMCO LLC, Qingdao REXI Industries Co., Ltd, Glass Unlimited, NAM HENG GLASS GROUP, AVIC Sanxin Co., Ltd., Ginde Glass Co., LTD, and Noval Glass.
Market Segmentation
By Product Type
By Application
By End Use
By Region
Scope of the Report
The recent report on the global decorative glass market provides readers with an assessment of the landscape of the market with the help of a comprehensive outlook. This study on the global decorative glass market analyzes the market for the period from 2020 to 2027, wherein 2020 is the base year. The report enables readers to make important decisions regarding their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global decorative glass market also provides data on developments made by important players and stakeholders in the market, along with competition analysis. The report also provides understanding of drivers, restraints, opportunities, and market trends.
Key Questions Answered in Decorative Glass Market Report
This report answers these questions about the global decorative glass market, aiding major stakeholders and key players in making correct decisions and strategizing for expansion of their business.
Research Methodology
This TMR report on the global decorative glass market is based on a complete and comprehensive evaluation of the market, supported by secondary and primary sources. The competition scenario of the global decorative glass market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global decorative glass market arrived at predictions and estimations and calculated the market forecast.
This report uses an analytical triangulation method to estimate the global decorative glass market by using bottom-up and top-down approaches.
This detailed assessment of the global decorative glass market, along with an overview of the market, is provided on the basis of a careful examination of growth opportunities. Analysts’ conclusions on how the global decorative glass market is set to expand are based on carefully vetted primary and secondary sources.
Decorative Glass Market – Segmentation
This report on the global decorative glass market segments the market based on product type, application, end use, and region.
This study also discusses the underlying trends and the impact of various factors that are driving the global decorative glass market, along with their influence on growth of the market.
This study also offers Porter’s Five Forces analysis and value chain analysis of the global decorative glass market in order to elaborate on crucial growth strategies of players operating in the regional market.
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