DecorativeGlass Market: Introduction
In terms ofvalue, the global decorative glassmarket is anticipated to expand at a CAGR of ~5% from2020 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 inthe residential sector helps create a comfortable and safe living space. Thus,decorative glass is often used to cut down on heat and glare, filter outexternal 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 GlassProduction to Hamper DecorativeGlass Market
Glassmanufacturing is a high-temperature and energy-intensive activity, leading tothe emission of combustion by-products (sulfur dioxide, carbon dioxide, andnitrogen oxides) and high-temperature oxidation of atmospheric nitrogen. Glassmanufacturing is, thus a significant emitter of greenhouse gases (GHG),particularly carbon dioxide (CO2). The production of 1 kgof glass in a gas-fired furnace generates approximately 0.6 kgCO2; of this, 0.45 kg arisesfrom fossil fuel combustion and 0.15 kg fromdissociation of carbonate raw material (CaCO3 and dolomite) used in the batch.The GHG production is directly linked with the type of glass, the type offossil fuel used, process energy efficiency, and the use of recycled glass orcullet. Furnace emissions also contain particulate matter (PM) and may containlow levels of metals, such as lead and cadmium. Other metals, includingarsenic, are found in some special glass. Melting furnaces contribute between 80% and 90% oftotal pollutant emissions to air from a glass production facility. Therefore,environmental effects caused by glass production are estimated to hamper theglobal decorative glass market.
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The glassmanufacturing industry has higher average incidence of injury or illness thanany other manufacturing sector. For instance, in the U.K., the rate of injuriesin 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 LucrativeOpportunities for Decorative Glass Market
In terms ofproduct, 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 lucrativesegment of the global decorative glass market during the forecast period. It islikely to expand at a CAGR of 5% from 2020 to 2030. Single glass has a smoothand durable surface that provides supreme surface finish. It is suitable forusage in a wide range of domestic and commercial applications, includingkitchen & bathroom splashbacks, furniture, kitchen cupboards, doors,displays & balustrades, and windows.
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Windows to be Key Application ofDecorative Glass
In terms ofapplication, the global decorative glass market has been segregated intopartitions, stairs, wall cladding, windows, and others. The windows segment isanticipated to dominate the global decorative glass market during the forecastperiod. The windows segment accounted for a major share of the globaldecorative glass market in 2019. In terms of volume, the segment is anticipatedto expand significantly during the forecast period. The segment is projected toaccount 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 nearfuture.
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High Demand for Decorative Glassfrom Residential Sector
In terms ofend use, the global decorative glass market has been divided into residentialand commercial (offices, malls, hotels & restaurants, casinos, and others).The residential segment is anticipated to dominate the global decorative glassmarket during the forecast period. The segment is projected to account for morethan 60% share of the global decorative glass market by 2030. The high share ofthe segment can be ascribed to rise in demand for better esthetics in theresidential sector and high spending power of consumers in developing anddeveloped countries.
Asia Pacific to be Lucrative Regionof Decorative Glass Market
Based onregion, the global decorative glass market has been split into North America,Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacificdominated the global decorative glass market in 2019. The trend is projected tocontinue during the forecast period. The demand for decorative glass is high inAsia Pacific, particularly in China, owing to increase in use of decorativeglass in building & construction industry in the region. China is aprominent consumer of decorative glass in Asia Pacific. The expansion of thebuilding & construction industry is a major factor propelling thedecorative glass market in the country.
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Competition Landscape of DecorativeGlass Market
The globaldecorative glass market is highly fragmented. Compagnie de Saint-Gobain SA, AGCInc., Nippon Sheet Glass Co., Ltd., SCHOTT AG, and Taiwan Glass Industry Corp.cumulatively held more than 40% share of the global decorative glass market in2019. Leading players have taken initiatives to expand their presence in theglobal decorative glass market through acquisitions, increase in productioncapacities, and strategic partnerships.
Other keymanufacturers operating in the global decorative glass market are RSL Inc., Bendheim, GuardianGlass LLC, ALUMCO LLC, Qingdao REXI Industries Co., Ltd, Glass Unlimited, NAMHENG GLASS GROUP, AVIC Sanxin Co., Ltd., Ginde Glass Co., LTD, and Noval Glass.
