Glass for Digital Printing Market Size Forecast To Reach US$27.7 Million by 2027

May 05 19:08 2022
Glass for Digital Printing Market Size Forecast To Reach US$27.7 Million by 2027
Glass for Digital Printing Market | IndustryARC
Growing Commercial Building in Different Region Driving the Demand for Glass for Digital Printing Market.

Glass for Digital Printing Market size is forecast to reach US$27.7 million by 2027, after growing at a CAGR of 5.7% during 2022-2027. Advanced technologies for printing on glass substrate have changed the way we look at glass as a medium for interior and exterior surface design, whether for architectural, commercial, or industrial applications. The choice between digital printing vs screen printing methods today is based not only on the technique, but also on considerations such as location, quantity, trend, image, sustainability, and versatility, as well as more functional and utilitarian requirements. The rising use of glass in the construction industry and the automotive sector is also likely boost glass for digital printing market. The rising disposable income of consumers has driven the demand for glass in the construction sector, as it presents several aesthetic benefits over conventional construction materials. The steady demand for printing on automotive glasswork is also likely to remain a key contributor to the global screen-printing glass market in the coming years, as automotive glass is now being made to the highest quality standards. The different ink used for the process includes UV-cured, aqueous, latex, dye sublimation, ceramic ink and others. Glass industry, for instance, is a massive global industry with 1200 companies and producing a staggering 209 million tonnes of glass annually. Inkjet printing is a type of computer printing that recreates a digital image by propelling droplets of ink onto paper and plastic substrates

Covid-19 Impact

The COVID 19 outbreak has impacted the development of the glass for digital printing industry owing to the lockdown measure in various region such as Asia-Pacific, North America and others. Delay in manufacturing and production of glass for digital printing which are utilized in residential, and commercial spaces have experienced downfall as the governments of several countries have imposed lockdowns that have forced people to stay at home, which, in turn, has reduced the physical interaction among people along with the commercial work. The escalating focal point on remote working is expected to restrict the growth of the construction industry, which, in turn, is likely to hamper the growth of the glass for digital printing Market.

Glass for Digital Printing Market Segment Analysis – By Type

Float Glass segment hold the largest share of 34% in the glass for digital printing market in 2021. Increasing usage of the product in exterior and interior designs has performed a foremost part in escalating the demand which has moved forward towards the ceiling, reflective, flooring, mirrors, coated, tabletops, windows, and insulated glass. Furthermore, the growing use of float glass in residential sector is estimated to drive the glass for digital printing industry. Increasing disposable income combined with industrialization predominantly in developing economies is anticipated to drive the demand of the float glass which directly impact the demand growth of glass for digital printing market over forecast period.

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Glass for Digital Printing Market Segment Analysis – By Method

Screen Printing segment holds the largest share in the glass for digital printing market in 2021. The two main approaches to printing on glass are screen printing and digital ceramic glass printing. Both methods offer excellent results and benefits, with different degrees of versatility and cost, using different techniques, types of equipment, and inks. The screen-printing method is actually a traditional technique that has been used successfully for many decades. Screen printing is suitable for both interior and exterior surfaces, and is highly durable. This method uses a stencil and a mesh screen to create the design. Ink is spread across the screen with a squeegee while the stencil blocks certain areas of glass, leaving others open to let the ink through. The result is a high-quality image, pattern, or design element. The ink is then fired to adhere to the glass. Screen printing on glass is limited to a maximum of four colors. Each color requires a long setup and preparation time, and high fixed costs. Screen printing is ideal for high-volume glass printing production in commercial, residential and others applications boosting the market during the forecast period.

Glass for Digital Printing Market Segment Analysis – By Geography

Asia Pacific segment holds the largest share in the glass for digital printing market in 2021 and forecast to grow at 3.8% CAGR during 2022-2027. Asia-Pacific region is one of the foremost consumers of glass for digital printing in the region. Rapid industrialization and new construction in the region which is likely to intensify the market of glass for digital printing for residential construction purpose. The construction industry is the major consumer of float glass and others in the region market. According to the International Trade Administration (ITA), China is the world’s largest construction market, and the industry is forecasted to grow at an annual average of 5.2% in real terms between 2021 and 2029. Currently, the ongoing construction of new residential and commercial building projects is one of the major factors driving the demand for glass for digital printing. For instance, according to the Council on Tall Buildings and Urban Habitat (CTBUH), the construction of Greenland Jinmao International Financial Center with a height of 499.8 m / 1,640 ft and 102 floors started in the year 2019 and is estimated to be completed by 2025. Similarly, the construction of Suzhou Zhongnan Center started in the year 2020 of height 499.2 m / 1,638 ft and 103 floors is estimated to be completed by 2025. Thus, boosting the market growth of glass for digital printing market during the forecast period.

Glass for Digital Printing Market Drivers

Rise in demand from electronic sector

The growth of the consumer electronics industry has been a vital driver for the global screen-printing glass market. Allied to the growth of the telecommunications sector, the demand for electronic items such as smartphones has grown at unprecedented rates, propelling several other connected markets such as the screen-printing glass market. The increasing production and investments in the electronic industry are likely to drive the demand for glass for digital printing over the forecast period. For instance, China deployed 626 million video cameras by 2021, widening adoption of artificial intelligence, and functionally nonexistent civil rights protections are laying the groundwork for a digital panopticon. Whereas, in India government has set a target of US$ 2.4 billion investments in the electronics manufacturing in 2022. China, stands to be the prominent market for glass for digital printing, and is also expected to perceive utmost growth during the analyzed period. The glass for digital printing market is growing at an incredible rate in the region and expect the escalate in the forecast period.

Growing commercial building in different region

The global commercial building industry is the world’s largest consumer of raw materials like glass for digital printing. The construction taking place for the development in the different region all over the world initiate to boost the glass for digital printing market. The rising investment and development in the sector are initiating the constant growth, for instance, the European construction industry is growing at a rapid pace due to low-interest rates, strong economic growth, and pent-up needs. For instance, 2021 real estate developer Artisan Real Estate announced its new US$78.7 million residential development named Kirkstall Place in UK. On the other hand, African construction industry has seen rapid growth for instance, for instance, Kenya has embarked on construction of a US$14.5 billion technology city in Machakos County in a bid to attract technology talents and investors to drive its economic growth. Thus, initiating the overall market growth of glass for digital printing.

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Glass for Digital Printing Market Challenges

High Cost of glass

Finest quality glasses for digital printing are pricier than the common glasses. To upsurge the productivity of the glasses like float glass, manufacturers are using finest quality solutions and raw materials in their merchandises, which clue to increased product cost. These high-priced low iron glasses are ahead of the reach of mass consumers. Thus, cost constraint is one of the key factors hindering the market growth of the low iron glass industry.

Glass for Digital Printing Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Glass for Digital Printing. Major players in the Glass for Digital Printing Market are

Hewlett-Packard Development Company, l.P. (US)

Canon, Inc. (Japan)

Ricoh Company, Ltd. (Japan)

Mimaki Engineering Co., Ltd. (Japan)

Roland DG Corporation (Japan)

Xerox Corporation (US)

Seiko Epson Corporation (Japan)

Durst Phototechnik AG (Italy)

Electronics for Imaging, Inc. (US)

Inca Digital Printers Limited (UK)

Recent Developments

In March 2021, Vitro Architectural launched Solarvolt building-integrated photovoltaic (BIPV) glass modules, which combine aesthetics and performance of Vitro low iron glass and other glass products with CO2-free power generation and protection from the elements for commercial buildings.

Key Takeaways

Asia Pacific dominates the glass for digital printing market owing to rapid increase in residential sector.

Rising demand in electronic sector is expected to drive the demand for glass for digital printing over the forecast period.

Growing commercial building in different region driving the demand for glass for digital printing market.

The high cost of the glass might hinder the market

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