The new report by Expert Market Research titled, ‘Global Scratch Resistant Glass Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global scratch resistant glass market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 1%
The scratch resistant glass market is being driven by the thriving consumer electronics industry. The rising demand for scratch resistant glass market can be attributed to the increasing sales of electronic devices like smartphones, tablets and laptops owing to the rising substantial income in emerging economies in India, Brazil, China and Argentina. Furthermore, the popularity of expensive flagship smartphones is necessitating the demand for screen protection-related products. Therefore, scratch-resistant glass is becoming necessary in the consumer electronics sector. The rising investments from key players towards enhancing scratch resistant technology is expected to aid the market growth in the forecast period. In post-COVID days, as the various sectors recover from the negative impacts of the pandemic, the product is likely to witness a rise in demand.
Industry Definition and Major Segments
Scratch resistant glass is a type of glass covered with a protective layer to prevent scratches as well as improve the optical clarity of the device. Furthermore, the glass is resistant to damage from hard materials like bracelets, vases, keys, etc.
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The scratch resistant glass market, on the basis of application, can be segmented into:
- Smartphones
- Tablets
- LCD/LED
- Automotive
- Others
The regional markets for scratch resistant glass include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Among these, Asia Pacific is expected to account for a substantial share of the global scratch resistant glass market.
Market Trends
The automotive industry is augmenting the growth of the scratch resistant glass market owing to the mass adoption of vehicles to accommodate the requirement of the growing population during the ongoing economic recovery. Government initiatives and regulations to strengthen vehicle safety standards in developed across the world, is necessitating the requirement for scratch-resistant glass. Furthermore, the advent of modern armoured vehicles like the Tesla’s Cybertruck is expected to increase the demand for the product. The rapid technological advancements and increasing investments by the key players to develop innovative solutions with the latest features are anticipated to significantly contribute to the market growth.
Key Market Players
The major players in the market are AGC Inc., Corning Incorporated, Nippon Electric Glass Co.Ltd., Saint-Gobain Monocrystal and PLC SCHOTT AG among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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