Published: March 2021 | Report Code: CP12156 | Available Format: PDF | Pages: 102
The North American acid-etched glass market accounted for $237.3 million revenue in 2020, and it is expected to grow at a CAGR of 5.5% during the forecast period (2021–2030). Major factors responsible for the market growth include surging urban population, growing preference for high-end products, and increasing construction activities in both residential and commercial sectors. Moreover, hike in disposable income of consumers has also resulted in growing adoption of luxury items, such as décor-enhancing products and bathroom setups, which further paves the way for acid-etched glass products, in the region.
The COVID-19 pandemic has negatively impacted the North American acid-etched glass market. This is mainly due to the stringent confinement measures taken by the U.S. and Canadian governments, which include nationwide lockdowns and border closures, to curtail the spread of the disease. This pandemic has led to the temporary factory shutdown, supply chain disruption, and labor shortage, which, in turn, affected every industry, including this market.
Based on type, the plain acid-etched glass category held the largest revenue share in the North American acid-etched glass market in 2020, and is expected to retain its position in coming years. This is attributed to the growing privacy concerns and the rising disposable income of the consumers in the region.
Based on thickness, the 4 mm category generated the highest revenue in the North American acid-etched glass market in 2020. This is majorly attributed to the high usage of 4 mm acid-etched glass for making windows, which are widely used in residential and commercial complexes, and its cost-effectiveness as compared to other types.
In 2020, based on size, the 1.35-meter-square category held the largest revenue share in North American acid-etched glass. This is due to its usage in 4 mm and 5 mm thickness glass applications, which are highly demanded in window panes, table tops, and others.
The windows category held the largest share, based on application, in the North American acid-etched glass market, in 2020. This is majorly due to the fact that all residential and commercial setups consist of several windows and doors. Since there is a considerable rise in the construction of residential and commercial complexes in the region, the demand for acid-etched glass products required in windows of these buildings is increasing.
Based on end user, the residential category is expected to hold the largest share in 2030 in the North American acid-etched glass market. This can be majorly ascribed to the increasing population base and the rising urbanization in the region. With the huge population base, there would be high construction activities in the residential sector, which, in turn, will lead to high demand for acid-etched glass in North America.
The U.S. accounted for larger share in the North American acid-etched glass market in 2020. This is mainly attributed to the expanding construction industry and the rising disposable income, which has further resulted in increasing consumers’ spending on home and office aesthetics, in the country.
Inclination toward using various textures, shades, or gradients in glass has attracted many commercial and residential users to adopt etched glass for decorative purposes. The etched decorative glass also provides a wide range of opacities and gradients, as per the need; offers security from external environment; cuts down flame, heat, and glare; improves lighting; enhances aesthetic appearance, and prevents harmful ultraviolet radiations to penetrate. Hence, the rapid surge in demand for decorative glass using acid-etching process has pushed the market growth. Furthermore, increasing applications of this glass, especially in shopping complex, shop front, airport, and hospital, have offers lucrative opportunities to players operating in the North American acid-etched glass market.
The growing urbanization in the region is one of the key factors driving the growth of the North American acid-etched glass market. The demand for acid-etched glass has exhibited a sharp rise, owing to the growing population. There has been relatively higher growth in urban population over the rural population. According to the World Population Prospects 2019, the global population was around 7.7 billion in mid-2019, which is expected to reach 8.5 billion by 2030, 9.7 billion by 2050, and 10.9 billion by 2100. North America being the most urbanized region, with around 82% population living in urban areas. Similarly, according to the Worldometers.info, in 2018, around 268,786,714 people lived in urban areas, which increased up to 273,975,139 in 2020, which accounted for about 83% of the total population of the U.S.
Owing to the rapid urbanization in the region, there has been surge in investment for residential and commercial infrastructure. Moreover, increase in disposable income of residents of the region has boosted the sales of glassware items for decoration purposes. For instance, according to the United States Disposable Personal Income data by Trading Economics, the disposable income of people in the U.S. in 2019 was $16,451.2, which rose up to $16,565.4 in 2020. Similarly, disposable income of individuals in Canada rose to $27,274.7 in 2020 from $23,952.0 in 2019. Thus, these factors will increase the demand for decorated glassware, specifically acid-etched glasses, in coming years, which will fuel the growth of the acid-etched glass market in North America.
|Base Year (2020) Market Size||$237.3 million|
|Forecast Period CAGR||5.5%|
|Report Coverage||Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Country Breakdown; Competitive Benchmarking; Company Profiling|
|Market Size by Segments||By Size; By Type; By Application; By End User; By Thickness; By Country|
|Market Size of Geographies||U.S.; Canada|
|Secondary Sources and References (Partial List)||American Architectural Manufacturers Association; American Scientific Glassblowing Society; California Retailers Association; Glass Association of North America; Glass Manufacturing Industry Council; Home Improvement Research Institute; National Glass Association; North American Retail Hardware Association; Retail Council of Canada; Retail Industry Leaders Association; U.S. Census Bureau; United Nations Conference on Trade and Development|
The growth in the tourism and hospitality industry is another key driving factor for the acid-etched glass market in North America. For instance, according to a report by the U.S. Travel Association, the domestic travel in the country increased by 1.7% in 2019, accounted for a total of 2.3 billion person-trips. With the growth in the industry, the number of hotels and resorts has also surged, thus creating a high demand for acid-etched glass in the region.
The North America acid-etched glass market report offers comprehensive market segmentation analysis along with market estimation for the period 2014-2030.
Based on Type
Based on Thickness
Based on Size
Based on Application
Based on End User
In 2030, the North American acid-etched glass market will generate $403.1 million.
In 2020, 1.35 meter square was the largest category under the size segment of the North American acid-etched glass industry.
The dominance of residential end users on the North American acid-etched glass market is credited to the large population of the country.
Presently, the most-prominent North American acid-etched glass industry trend is etched decorative glass doors and windows.
The U.S. generates the higher revenue in the North American acid-etched glass market.
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