Scratch Resistant Glass Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032

The report titled 'Global Scratch Resistant Glass Market - Growth, Share, Opportunities, and Competitive Analysis, 2023 - 2032' offers strategic visions into the global scratch resistant glass market along with the market size (Volume Million Square Meters and Revenue - US$ Billion).

The said research study covers in-depth analysis of multiple market segments based on application and study across different topographies. The report is also inclusive of competitive profiling of the leading scratch resistant glass vendors, and latest developments. Scratch resistant glass is a mineral or sapphire glass, often seen in watch lenses or eyeglasses. Scratch resistant glass has a chemical coating that helps resist minor scratches. There are two ways to prevent scratches on delicate surfaces. This is possible either by reinforcing the material itself so that it can withstand damage for long, or by coating the surface by an external film or coating, that shields it from damage. The demand for scratch resistant glass is the highest in LCD/LED manufacturing.

The growing demand for sapphire glass and gorilla glass in display applications is expected to drive market growth over the forecast period. The introduction of new display devices with high resolution and increased screen size is boosting the application of scratch resistant glass as these products require glass equipped with anti-cracking properties. The global scratch resistant glass market is estimated to be growing at a CAGR of 9.2% from 2018 to 2024, to reach US$ 7.8 billion by 2024.

The growth of the global scratch resistant glass market is largely driven by factors such as increase in demand for semiconductors and electronic products, and rising demand for smart phone manufacturing. In addition, the market is expected to witness high growth owing to a substantial increase in the shipments and sales of smartphones. Increasing adoption of advanced technology by smartphone manufacturers is expected to act as the major driver for market growth.

The smartphone industry is majorly driven by developing economies such as India, China, and South Korea owing to increasing disposable incomes and changing lifestyles. However, the high penetration of smartphone screen protectors available at low prices and presence of this glass type in premium smartphones is expected to negatively impact the market growth.

The global scratch resistant glass market is segmented based on application. The global market, based on application, is segmented into smartphones, tablets, LCD/LED, automotive, and others. The major application segments of the scratch resistant glass market are smartphones, tablets, LCD/LED and automotive. LCD/LED accounted for largest application segment accounting for more than 40% of market share in 2017. The new product introduction in large display category is projected to increase the implementation of scratch resistant glass in this application segment. Tablets are the second fastest growing application segment growing at a CAGR of 10.2% from 2018 to 2024. Based on geography, the global scratch resistant glass market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report.

The North American region is projected to dominate the scratch resistant glass market by 2024. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period since the demand from the food & beverage industry is projected to increase in the coming years. The scratch resistant glass ecosystem includes raw material suppliers, component suppliers, scratch resistant glass machine manufacturers and assemblers, technology providers, service providers, distributors and resellers, and end users.

The major manufacturers are Asahi Glass, Corning Glass, Nippon Electric Glass, Guardian, Kyocera, and Schott Glass. The other players in the market are Rayotek, Rubicon Technology, Crystalwise Technology, Crystran, Saint-Gobain, and Swiss Jewel.

Market Segmentation:

By Application

• smartphones
• tablets
• LCD/LED
• automotive
• others

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America