Decorative
Glass Market: Introduction
In
terms of value, the global decorative glass market is anticipated to expand at a CAGR of ~5% from 2020
to 2030. 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.
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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.
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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.
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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.
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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.
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