Mar 07, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Scratch-Resistant Glass Market.
It was estimated prior to this unanticipated outbreak that the Scratch-Resistant Glass Market is likely to witness an impressive CAGR of 9.5% during the forecast period. Increasing penetration of scratch-resistant glass in smartphones & tablets and other electronic appliances is the major factor driving the market. Further, the expanding electronics, automotive, architecture, and smart phones market in developing economies, owing to low-labor cost, dependable supply chain, and huge consumer base are likely to act as a catalyst towards the growth of the scratch-resistant glass market globally.
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Scratch-Resistant glass is mainly a sapphire glass or a glass made up of minerals with a coating of chemical to resist such scratches. Also, some glasses are processed by offering them diamond-like coating on the surface to provide permanent protection.
Scratch-Resistant glass are said to be 10 times more resistant to scratches than the normal glass and are often used in watch lenses or similar objects. Some of the industries where such glass options are used are smartphones and tablets, interior architecture, automotive, electronics, and many others.
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Based on the product type, the market is segmented as chemically-strengthened glass and sapphire glass. The chemically-strengthened glass segment dominated the market and is expected to witness a higher growth during the forecast period, owing to substantial increase in demand from applications, such as smartphones and tablets.
Based on the application type, the market is segmented as smartphones & tablets, automotive, interior architecture, electronics, and others. The smartphones & tablets application segment dominated the market and is expected to grow at a substantial rate during the forecast period. Increasing demand for smartphones & tablets coupled with significant technological advancement in the segment are the major factors behind its dominance in the global scratch-resistant glass market.
In terms of regions, Asia-Pacific is expected to remain the largest market for scratch-resistant glass during the forecast period. Asia-Pacific is the manufacturing capital of smart phones & tablets and electricals & electronics industry, owing to the presence of a large number of players, proximity to raw materials, cheap labor, and huge consumer base. Further, China, Japan, South Korea, Taiwan, and India are the growth engines of the region. North America and Europe are the other major markets for scratch-resistant glass and are expected to witness significant growth during the forecast period.
Key players operating in the global Scratch-Resistant Glass market are-
- Corning Incorporated
- AGC Inc.
- Nippon Electric Glass Co., Ltd.
- Guardian Industries
- Rubicon Technology, Inc.
- Kyocera Group
- Crystalwise Technology, Inc.
- Edmund Optics Inc.
- Schott AG
- Compagnie de Saint-Gobain S.A.
- Crystal Applied Technology Inc.
- Precision Sapphire Technologies.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Scratch-Resistant Glass analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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