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What are the Growth Drivers of Glass Board Market? ACCO Brands, MooreCo Inc., Impact Signs Inc., Xiamen Blessing Glass Whiteboard Manufacturing Co., Ltd, Clarus, Glass Whiteboard, Casca Glass

Glass Board Market

Glass Board Market

Global Glass Board Market size is likely to witness an exponential growth rate over the forecast period, 2018-2025. Glass boards are a piece of tempered glass which are ten time stronger than the regular glass boards works with dry erase markers, permanent markers, paint markers and grease pens. Many industries are started to rely on them due to cleanliness, durability, and style. Glass boards are rapidly replacing the traditional white boards, which were the cutting-edge product just few years ago. Glass boards are made from various types of pressboards coated in a static-cling and dry erase chemicals.

The global glass board market has been segmented by product into magnetic dry erase boards and non-magnetic dry erase boards. Magnetic dry erase boards are some of the most useful and durable products in glass board market. They combine the clean look of board with the added features of posting exam calendars and important documents. It is a great tool for professors, business owners and hospitals, owing to these properties magnetic dry erase board market is anticipated to grow at a significant growth rate.

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Magnetic dry erase glass boards are generally installed in front of K-8 classrooms. These boards let teachers do more than with dry erase markers. Schools choose to place non-magnetic whiteboards at back of the classrooms, where reminders, homework assignment and other notes needed to use the board.

Asia Pacific held the major market share of glass board market in 2017 and it is anticipated to lead the market, over the forecast period. The growth of glass board market in the region is primarily driven by increasing investments on educational infrastructure coupled with improving lifestyle in the developing countries such as India and China. The school accounted for the largest market share of Asia Pacific glass board market in past few years and projected to continues to do so throughout the forecast period.

Education sector in India is currently valued at USD 100 billion and anticipated to nearly double USD 180 billion by 2020. Indonesia, Sri Lanka, and Myanmar’s education markets are growing with good growth rate. This exponential growth in education sector of the region will provide more opportunities to the Asia Pacific glass board market in near future. North America was the second largest product consumer.

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This regional market is likely to experience moderate growth over the forecast timespan due to technological advancement and increasing adoption of interactive whiteboards in the region. Europe might experience sluggish growth rate in coming years, due to market saturation and increasing usage of modern devices in classroom teaching.

Major players operating in the global glass board market are ACCO Brands, MooreCo Inc., Impact Signs Inc., Xiamen Blessing Glass Whiteboard Manufacturing Co., Ltd, Clarus, Glass Whiteboard, Casca Glass, Fulbright Glass Boards, Krystal Glass Writing Boards, Inc., Ghent, Archi Expo and Claridge, among others.

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In April 2016, MooreCo Inc. and Vanerum Stelter, LLC came together to offer most comprehensive offering of educational and commercial furniture, tools, technological products, and visual communication tools. This strategic decision will help both companies to provide better solution to customer and it will increase their customer base.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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