About Glass Beads
Glass beads are small and decorative objects that are made up of glass and it is widely used for an embellishment on garments and in various jewelry pieces. They consist of a small hole for stringing or beading. Glass beads are available in various shapes and sizes and are very handy for jewelry making, beading, embroidery and surface ornamentation of garments and apparel. They are manufactured with the use of high-grade Soda Lime Silica Glass containing SiO2 around 70%. They are primarily manufactured from recycled glass which is thermally rounded at high temperatures. The technological advancements and innovations in science and technology expanded the application area of glass beads such as small reflectors on roads, water filtration packs, to converting mobile camera lens into a high-powered microscope.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Glass Beads market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Potters Industries LLC (United States), Swarco Holding (Austria), 3M (United States), Sigmund Lindner GmbH (Germany), Avery Dennison (United States), Sovitec (Belgium), Unitika (Japan), Weissker (Germany), Gakunan Kohki (China) and Blastrite (South Africa) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sinosteel (China), Shanxi Hainuo (China), Daqing Lutong (China) and Jiangyou Mingrui (China.
Segmentation Overview
AMA Research has segmented the market of Global Glass Beads market by Type (Soild, Hollow and Other), Application (Reflective material, Industry polishing & material, Thermal insulating material and Other) and Region.
On the basis of geography, the market of Glass Beads has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Glass Beads market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement of the Glass Beads
Market Growth Drivers:
Increasing Usage of Glass Beads in the Luxury Apparel Industry and Rising Demand for High Quality of Glass Breads Products in Polishing Industry
Challenges:
High Price of Glass Beads Products and Lack of Awareness of Glass Beads
Restraints:
Stringent Environmental & Safety Regulations for Glass Breads
Opportunities:
Rising Demand from Emerging Economics Such as India, China and Others
Market Leaders and their expansionary development strategies
In January 2023, Nippon Electric Glass Co., Ltd. (NEG) announced the acquisition of Crystal Display Technology Co., Ltd. (CDT), a manufacturer of glass substrates for touch panels and displays. This acquisition aimed to strengthen NEG's position in the glass substrate market.
In October 2023, Nippon Electric Glass Co., Ltd. (NEG) launched a new line of glass substrates for automotive displays with improved scratch resistance and durability.
New Jersey has joined Louisiana and North Carolina in with a law limiting the levels of arsenic and lead in glass bead products used for highway safety markings. The law prohibits the manufacture or sale of reflective glass beads with high arsenic content and prohibits the state’s Department of Transportation and state's toll road authorities from using paint mixed with reflective glass beads for roadway markings.
Key Target Audience
Manufacturers of Glass Beads, Suppliers of Glass Beads part, Wholesalers, Distributors and Retailers of Glass Beads, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.