The Scratch Resistant Glass Market is expected to reach US $ 7,861.7 million by 2028 with a CAGR of 7.4% during the forecast period 2023-2028
Scratch Resistant Glass is a mineral crystal or sapphire, which is used in the focal lenses of watches, glasses, cell phone screens, and other displays of household appliances. It has a chemical compound coating that helps resist small scratches. The scratch-resistant glass has features such as drop protection, high quality, protection without scratches or sharp contact damage, predominant surface quality, optical clarity, and others. Scratch-resistant glass is mainly used in mobile phones, tablets, LCD / LED displays, and vehicles. LCD / LED display is currently the largest market in value and volume and is expected to maintain its importance with a significant CAGR throughout the forecast period.
Globalization has assisted some mainstream customer electronics makers to grow their reach. Customer electronics is one of the major sectors of the making business, with high expansion potential thanks to innovative technologies and penetration in developing markets.
The market has experienced a high expansion in recent years owing to the escalated demand for scratch-resistant glass from growing economies like China, India, Brazil, and Thailand. The rising demand for innovative customer electronics, particularly smartphones, and tablets, is driving fast changes in the market landscape. The escalated presence of these products in stores and ease of application are the major factors behind the demand for these screen protectors. The increasing adoption of advanced technologies by smartphone makers should be the key driver of market expansion.
It is estimated that the low penetration of these products and the lack of awareness in some remote areas of emerging nations weigh on the expansion of the market. The availability of counterfeit products that are sold at low costs should negatively impact the scratch-resistant glass market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
7.4% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
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Chemically strengthened glass
Sapphire glass.
The chemically strengthened glass type is the leading segment in the global business and is estimated to continue its dominion in the foreseen years, owing to the rising application of this glass in smartphones, tablets, and automotive parts. Also, the sapphire glass segment is predicted to witness steady growth in the coming years with the adoption of LCD/LED televisions.
The smartphone and tablet segment is leading in the worldwide scratch-resistant glass market, which is further estimated to retain its position in the estimated period. Increasing penetration of smartphones across the world, along with the rise in the use of tablets in different commercial applications propels the demand for this division. Furthermore, the continuous launch of different innovative products is also predicted to fuel the global scratch-resistant glass business in the future.
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
The Asia Pacific is a leading market for scratch-resistant glass across the globe, with a major contribution from China and India. Other countries like Japan, South Korea, and Taiwan have a strong smartphone-making base in the APAC. The increasing purchases of smartphones, tablets, and other smart gadgets have been accelerating the demand for this glass in the Asia Pacific region.
North America's scratch-resistant glass market is driven by the increasing number of startup companies, the adoption of advanced technologies like IoT, AI, etc., and the rise in consumer disposable income for the purchase of several consumer electronics
Corning Incorporated
Asahi India Glass Limited
Nippon Electric Glass Co., Ltd
Monocrystal
Guardian Industries
KYOCERA Corporation
Schott AG.
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