Crystalware and Glassware Market - Global Industry2015 – 2023
The tableware application segment has largest share in global crystalware & glassware market. Tableware market can be segmented down to dinnerware (plates, bowls, cups, saucers and mugs, generally made of glass), general glassware (beverageware, stemware and barware made of glass or crystal) and flatware (eating utensils). Crystalware products have higher refractive index and lower working temperature and viscosity. It also has attractive optical properties due to high content of lead or other heavy metals in its composition. Crystalware & glassware products are also used in ornamental & decorative application. As presence of lead or any other heavy metal’s oxide gives a much higher index of refraction than normal glass and also increases sparkles by increasing specular reflection and range of angels of total internal reflection, this market is majorly occupied by crystalware products as they have desirable aesthetic properties.
Browse
the Full Report Here
:http://www.transparencymarketresearch.com/crystalware-glassware-market.html
Crystalware & glassware is part of houseware industry which has a
multi-billion dollar market. As demand of crystalware & glassware
is dependent on high volume market its price is expected to be at
lower side, especially from Chinese manufactures. In price sensitive
regions such as Asia Pacific and Middle East where demand of
crystalware & glassware is on higher side due to already existing
and expanding glass and plastic industries, lower price may act as a
significant driver of its demand. Crystalware & glassware market
has experienced decline in demand in developed regions such as North
America and Europe. The market is expected to decline further in
future because of economic crisis combined with increase in market
share of cheap imported products from Asia Pacific region.
In developed regions such as Europe and North America, due to an
influx of cheap products from China, retailers are being forced to
lower their prices to survive in competing market. In addition to
this, economic crisis resulting in slowing wages and rising living
cost has forced European and North American market to saturate. On
the other hand European and North American manufacturers are more
focusing on emerging markets such as Asia Pacific and Middle East
region where fast growing middle class want to invest in quality
crystalware & glassware products from renowned brands. Because of
this in future the market is expected to be driven by Asia Pacific
and Middle East region but existing ceramic and plastic products in
those regions will hinder its growth
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Comments
Post a Comment