A number of driving factors such as the soaring urban population, escalating construction activities in the commercial and residential sectors, and rising preference for high-end products will propel the North American acid-etched glass market at a 5.5% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market generated revenue of $237.3 million in 2020, and it is projected to generate $403.1 million by 2030. Additionally, the increasing preference for etched decorative glass doors and windows is also supporting market growth.
Construction activities have spiked in the region, on account of the rapid urbanization. The growing urbanization has been a result of booming population, especially in urban areas. For instance, according to the World Population Prospects 2019, North America is the most urbanized region, with nearly 82% people dwelling in cities and towns. Thus, the rapid urbanization has led to the significant rise in investment for the development of commercial and residential infrastructure, which, in turn, drives the demand foracid-etched glass.
Moreover, amplifying demand for etched decorative windows and doors is driving the North American acid-etched glass market growth. Residential and commercial users are adopting large quantity of etched glasses for decorative purposes, due to their magnifying focus on an array of gradients, shades, and textures in glass. These beautifying materials also provide several gradients and opacities to meet the varied needs of the customers. These doors and windows cut down glare, heat, and flame, enhance aesthetic quotient, provide security from external environment, prevent penetration of ultraviolet (UV) radiations, and improve lighting.
Furthermore, the expansion of the tourism and hospitality sector in the region will also facilitate the North American acid-etched glass market growth in the foreseeable future. The growth of this industry will lead to the construction of numerous resorts and hotels in the coming years. Hospitality units, such as hotels, resorts, restaurants, and home stays, are expected to adopt a large number of acid-etched glass doors, windows, shelves, railings, and partition walls, to enhance their ambience and attract more customers.
The thickness segment of the North American acid-etched glass market is classified into 4 mm, 5 mm, 6 mm, 8 mm, 10 mm, and 12 mm. Under this segment, the 4 mm category accounted for the largest market share in 2020. This is ascribed to the increasing application of 4mm acid-etched glass in the production of windows, which are widely used in commercial and residential complexes. Moreover, lower cost of 4 mm glass, as compared to other types, also fuels the demand for this type of glass in North America.
Geographically, the U.S. generated higher revenue for the North American acid-etched glass market in 2020. This is due to the surging number of government initiatives to amplify tourism and the growing construction industry in the country. The demand for the glass in this nation was met by key players like Bear Glass, OcuGlass LLC, Dillmeier Glass Company, Compagnie de Saint-Gobain S.A., Guardian Industries Holdings LLC, Cosmopolitan Glass INC.,Asahi Kasei Corporation, General Glass International, and CARVART.
Thus, the growth of the tourism and hospitality industry and the surge in construction activities in the residential and commercial sectors will boost the market growth in the forecast years.
Source: P&S Intelligence