A number of factors such as the rising construction activities in the commercial and residential sectors, burgeoning urban population, and rising preference for luxury products, such as bathroom setups and décor-enhancing products, owing to the mounting disposable income of people, are expected to drive the North American acid-etched glass market at 5.5% CAGR during 2021–2030. The market was valued at $237.3 million in 2020, and it is projected to generate $403.1 million revenue by 2030.
The increasing urban population will drive the demand for acid-etched glasses in North America. As per the World Bank, the urban population of the U.S. grew from 270,737,596 in 2019 to 272,364,755 in 2020. The World Bank estimates that 82.664% of the U.S. population was urban in 2020. According to Statistics Canada, nearly 3 in 4 people in Canada resided in urban areas in 2021. As per this organization, nearly 73.7% of the Canadian population was urban in 2021.
Read Full Report: North America Acid-Etched Glass Market Revenue Estimation and Growth Forecast Report
Moreover, the flourishing tourism and hospitality industry will also contribute to the North American acid-etched glass market growth in the coming years. The World Bank revealed that the number of international tourists in Canada increased from 31,274,000 in 2018 to 32,430,000 in 2019. Moreover, the organization estimated that 166,009,000 international tourists arrived in the U.S. in 2019. A surge in tourist footfall will result in the large-scale construction of hotels and restaurants, owing to which acid-etched glasses will be used in abundance.
In recent years, the increasing adoption of etched decorative glass windows and doors has become a major trend in the North American acid-etched glass market. The commercial and residential sectors are increasingly adopting etched glass for decorative purposes as it is available in various shades, gradients, and textures. In addition, etched decorative glass offers security from external environments, improves lighting, prevents the penetration of UV rays, enhances aesthetic appearance, and cuts down heat, glare, and flame.
In the coming years, the residential category will account for the largest share in the North American acid-etched glass market, under the end user segment. This can be owed to the expanding population base and booming urban population in the region. The U.S. Census Bureau states that the population of Idaho, Utah, Montana, Arizona, South Carolina, Delaware, Texas, Florida, Nevada, and South Dakota grew by 2.9%, 1.7%, 1.7%, 1.4%, 1.2%, 1.1%, 1.0%, 1.0%, and 0.9%, respectively, from 2020 to 2021.
According to P&S Intelligence, the U.S. held a larger share in the North American acid-etched glass market in the last few years. This was on account of the booming construction industry and soaring customer expenditure on office and home aesthetics, owing to the rising disposable income of people, in the country. The OECD estimates that the average household net adjusted disposable income per capita in the U.S. is $45,284 a year, which is extremely high than the OECD average of $33,604 a year.
Thus, the expanding tourism and hospitality industry and the burgeoning urban population will drive the demand for acid-etched glasses in the North American region.
According to the Graphical Research new growth forecast report titled North America Glass Packaging Market By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals), By Product (Borosilicate, De-alkalized Soda Lime, Soda Lime), Industry Analysis Report, Regional Outlook (U.S., Canada), Growth Potential, Competitive Market Share & Forecast Estimated to surpass USD 8.0 billion by 2024.Request for a sample of this report @ https://www.graphicalresearch.com/request/1212/sampleGlass packaging is used for many alcoholic as well as non-alcoholic beverages as they preserve the freshness, taste and aroma along while ensuring quality.
According to World Bank, U.S. accounted for 9.8 liters of pure alcohol consumption per capita whereas Canada accounted for 8.9 liters of pure alcohol consumption per capita in 2016.
Glass packaging is the perfect fit for pharmaceutical industry as they offer superior chemical resistance to medicines and restrict the entry of air and moisture.
High investments in research & development and supportive government spending will positively influence the pharmaceutical sector.
This in turn will spur the growth of market in near future.Make an Inquiry for purchasing this Report @ https://www.graphicalresearch.com/request/1212/inquiry-before-buyingSoda lime glass is commonly used glass packaging and will capture majority of market share during the forecast period owing to large number of applications in the production of jars and beverages for foods and beverages.
Borosilicate glass will grow at a CAGR more than 2.5% between 2019 and 2024 due to high demand from pharmaceutical industry.Alcoholic beverages will capture over 10% of volume share and will register CAGR more than 4.0% by 2024.
Research Nester published a report titled “North America Bulletproof Security Glass Market: Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the North America bulletproof security glass market in terms of market segmentation by end user, services, material, and by geography.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The North America bulletproof security glass market is anticipated to acquire a sizeable revenue by growing at a notable CAGR during the forecast period, i.e., 2021 – 2029, owing to the growing concerns regarding the security of the people, rising military expenditure and the intensifying usage of bullet-resistant glasses in the defense sector.The market is segmented by end user, services and material.
Furthermore, the automotive segment is also assessed to garner a significant market share ascribing to high utilization of these glasses in government, embassy, VIP and VVIP vehicles.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-87Geographically, the North America bulletproof security glass market is segmented into two regions, the United States and Canada.
The market in the U.S is expected to occupy the largest share and witness noteworthy growth over the forecast period on the back of strong presence of military and intelligence agencies, and large volumes of export and production of industrial glass in the country.Rising Expenditure of Military Sector to Boost Market GrowthIn 2019, the United States has the largest military spending in the world, amounting to about $730 billion.U.S.A has one the strongest defense forces owing to which the demand for bulletproof glass is also high in this nation, making it the largest consumer of these glasses worldwide.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”Download/Request Sample Copy of Strategic Report: https://www.researchnester.com/sample-request-87However, costly installation of bulletproof glass is expected to operate as key restraint to the growth of the North America bulletproof security glass market over the forecast period.This report also provides the existing competitive scenario of some of the key players of the North America bulletproof security glass market which includes company profiling of SCHOTT AG, Corning Incorporated (NYSE: GLW), Koch Industries, Inc., Apogee Enterprises, Inc. (NASDAQ: APOG), PPG Industries, Inc. (NYSE: PPG), Total Security Solutions, RHI Magnesita GmbH (LON: RHIM), Consolidated Glass Holdings, Compagnie de Saint-Gobain (EPA: SGO), Binswanger Enterprises, LLC, and others.
On the whole, the report depicts detailed overview of the North America bulletproof security glass market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research NesterResearch Nester is a leading service provider for strategic market research and consulting.
Market OverviewThe global Rebar Processing Equipment market is expected to reach US$ 1,098.32 million by 2026, at a CAGR of over 6% during the forecast period (2020-2027).The rise in the demand for Rebar Processing Equipment owing to the rising construction all around the world is anticipated to drive the market in the forecast period.Rebar processing machines are mainly used to bend, shear, decorate and reinforce rebar (also known as rebar).
This machine is suitable for a contractor or construction company to perform various operations on rebar as required.
Growing construction and infrastructure activities are key factors driving the market.The report covers all the major trends and drivers playing a vital role in the growth of the global Rebar Processing Equipment market.
meters in 2016 to 144.788 million square meters in 2017 and these are expected consistently during the forecast period.The growth in the industry is mainly due to rapid industrialization and highly flourishing residential and commercial building sectors across the world.Rebar is an essential building component for which demand for rebar processing equipment is expected to foster.
Also, technological progress increases productivity by reducing the rebar processing time cycle.
Automation is expected to drive the market in the rebar processing industry over the next few years.
