Market Insights
The scratch-resistant glass market was estimated at USD 2.06 billion in 2021 and is likely to grow at a CAGR of 9.37% during 2022-2028 to reach USD 3.87 billion in 2028.
Market Dynamics
Introduction
Scratch-Resistant glass is mainly sapphire glass or glass made up of minerals with a coating of chemicals to resist such scratches. Also, some glasses are processed by offering them a diamond-like coating on the surface to provide permanent protection.
Scratch-Resistant glasses are said to be 10 times more resistant to scratches than 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.
Market Drivers
The prime factor that is contributing to the growth of the market are-
- Increasing penetration of scratch-resistant glass in smartphones & tablets and other electronic appliances.
- The expanding electronics, automotive, architecture, and smartphones market in developing economies, owing to low-labor cost, dependable supply chain, and huge consumer base are likely to act as a catalyst.
Key Players
The following are the key players in the scratch-resistant glass market:
- 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.
Note: The above list does not necessarily include all the top players in the market.
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Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Product Type Analysis
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Chemically Strengthened Glass, Sapphire Glass
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Chemically strengthened glass segment dominated the market and is expected to witness higher growth during the forecast period
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Application Type Analysis
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Smartphones & Tablets, Automotive, Interior Architecture, Electronics, and Others
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Smartphone & Tablet application segment dominated the market and is expected to grow at a substantial rate during the forecast period.
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By Product Type
"Chemically strengthened glass segment dominated the market and is expected to witness higher growth during the forecast period"
The market is segmented as chemically strengthened glass and sapphire glass. The chemically strengthened glass segment dominated the market and is expected to witness higher growth during the forecast period, owing to the substantial increase in demand from applications, such as smartphones and tablets.
By Application Type
"Smartphone & Tablet application segment dominated the market and is expected to grow at a substantial rate during the forecast period"
The market is segmented as smartphones & tablets, automotive, interior architecture, electronics, and others.The Smartphone & Tablet 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 is the major factor behind its dominance in the global scratch-resistant glass market.
Regional Analysis
"Asia-Pacific is expected to remain the largest market for scratch-resistant glass during the forecast period"
Asia-Pacific is expected to remain the largest market for scratch-resistant glass during the forecast period. Asia-Pacific is the manufacturing capital of smartphones & tablets and the electricals & electronics industry, owing to the presence of a large number of players, proximity to raw materials, cheap labor, and a 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.
Research Methodology
- This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s functional scratch-resistant glass market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a 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.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- 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, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The scratch-resistant glass market is segmented into the following categories:
By Product Type
- Chemically Strengthened Glass
- Sapphire Glass
By Application Type
- Smartphones & Tablets
- Automotive
- Interior Architecture
- Electronics
- Others
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Customization Option
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research:
Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
