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Scratch Resistant Glass Market Research Report - Segmentation by Product Type (Chemically-Strengthened Glass, Sapphire Glass), Application (Smartphones & Tablets, Automotive, Interior Architecture, Electronics), and Region (North America, Europe, APAC) - Global Industry Analysis Size, Growth, Share Forecast 2024 to 2029

Published: March, 2023
ID: 8551
Pages: 175
Formats: report pdf report excel report power bi report ppt

Scratch Resistant Glass Market Growth (2024-2029):

The Global Scratch Resistant Glass Market was worth US$ 3.0 billion in 2023 and is anticipated to reach a valuation of US$ 5.17 billion by 2029 and it is predicted to register a CAGR of 9.20% during the forecast period 2024-2029.

Market Overview:

Scratch-resistant glass is mainly used in lenses of watches, eyeglasses, smartphone displays, and smart device screens. The scratch-resistant glass has a chemical coating that helps resist small scrapes. Gorilla Glass is the latest product advanced and manufactured by Corning that matches the scratch resistance of sapphire crystal. Scratch-resistant glass offers drop performance, high retention resistance, resistance to scratching and sharp contact damage, superior surface quality, optical clarity, and shock absorption. This glass is mainly used in smartphones, tablets, LCD/LED displays, and cars. The use of scratch-resistant glass in watches and optical windows is increasing. The use of infotainment devices is also increasing in the automotive industry. Smartphones are the biggest consumer of scratch-resistant glass, due to the high demand for scratch-resistant screens. The smartphone industry in developed countries is well organized and is also growing rapidly in developing countries. These factors are likely to boost the global scratch-resistant glass market during the forecast period.

Scratch Resistant Glass Market Drivers:

The rapid development of consumer electronics is one of the major factors that will drive the growth of the global scratch-resistant glass market. The demand for consumer electronics is increasing due to factors such as the growing number of dual-income households, the growing awareness of the benefits of advanced technologies, and the advent of improved communication and information technologies. This subsequently leads to an increase in demand for glass and scratch-resistant coating, to fortify consumer electronics against scratches and bumps.

Factors such as the increasing popularity of smart wearable gadgets, combined with the extraordinary performance of scratch-resistant glass products like Gorilla Glass and Dragontrail, are driving the overall growth of scratch-resistant glass. In addition, the use of scratch-resistant glass in automotive applications opens up a new opportunity to enter the automotive glass market. 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. Due to its high durability and strength, there is a high demand for scratch-resistant glass in LED displays and the lighting industry. Recently, Samsung (OEMs) partnered with Corning Incorporated to develop Gorilla Glass Tough OLED. The substantial increase in smartphone shipments and sales coupled with the increasing adoption of advanced technologies by smartphone manufacturers are the main drivers of market growth. In addition, the strong demand for smartphones from developing economies due to the increase in disposable income and changes in lifestyles is another factor contributing to the growth in demand for scratch-resistant glass from the smartphone industry.

Scratch Resistant Glass Market Restraints:

However, the high penetration of low-cost smartphone screen protectors and the presence of this type of glass in high-end smartphones are estimated to negatively impact the growth of the market.

SCRATCH-RESISTANT GLASS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023-2029

Base Year

2023

Forecast Period

2024-2029

CAGR

9.20% 

Segments Covered

By Product Type, Application, and Region.

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Asahi Glass, Corning Glass, Nippon Electric Glass, Guardian, Kyocera, Schott Glass, Rayotek, Rubicon Technology, Crystalwise Technology, Crystran, Saint-Gobain, Swiss Jewel, and Others.

Market Segmentation:

Scratch Resistant Glass Market - By Product Type:

  • Chemically Strengthened Glass
  • Sapphire Glass

Chemically reinforced glass is expected to be the largest and most dynamic market segment during the outlook period, owing to its wide-scale application in smartphones and tablets. The sapphire glass product type is estimated to be the second-largest product type in the scratch-resistant glass market in 2019 due to the increasing use of sapphire glass in smartwatches and optical windows.

Scratch Resistant Glass Market - By Application:

  • Smartphones & Tablets
  • Automotive
  • Interior Architecture
  • Electronics
  • Others
  • Marine
  • Consumer Goods

LCD / LED is the largest application segment accounting for over 45% of the market share in 2019. The introduction of new products in the large screen category is expected to boost the consumption of scratch-resistant glass in this market. Applications segment.

Tablets are the second fastest-growing application segment with a CAGR of 11.5% from 2020 to 2025. The growing demand for laptops and the increase in the average screen size of smartphones are responsible for the low penetration of scratch-resistant glass in this application segment. However, demand is likely to increase during the conjecture period due to the introduction of new products with improved characteristics and increased strength. The increasing use of tablet screens in industrial applications will further augment the demand for tablets during the forecast period.

Market Regional Analysis: 

The Global Scratch Resistant Glass Market Report includes the segmentation of regions:

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

COVID–19 Impact on Scratch Resistant Glass Market:

Fewer people are shelling out on electronics and automobiles because of the pandemic and the protracted lockdown around the globe. Therefore, it reduces the demand for scratch-resistant glasses. Also, limited production and a reduced supply of materials may hamper the growth of the market. Most of the companies are using old inventory and delaying the reordering time which is foreseen to negatively impact the growth of the market. In addition, social distancing regulations in the mining sector with a limited number of workers have greatly affected the production of scratch-resistant glass.

Scratch Resistant Glass Market Key Players:

  1. Asahi Glass
  2. Corning Glass
  3. Nippon Electric Glass
  4. Guardian, Kyocera
  5. Schott Glass
  6. Rayotek
  7. Rubicon Technology
  8. Crystalwise Technology
  9. Crystran
  10. Saint-Gobain
  11. Swiss Jewel

Market Recent Developments:

  • In July 2020, Samsung's next phones will ship with scratch-resistant Gorilla Glass Victus Corning claims its next-generation Gorilla Glass survives bigger drops and deep scratches that previously messed up a phone.
  • In July 2020, Corning launched its 7th Generation Gorilla Glass, and with it, it assures to offer remarkably optimized scratch and drop protection for our smartphones. Gorilla Glass 6 currently offers Corning's best protection but will be replaced by Gorilla Glass Victus.

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FAQ's

1. What is the scratch resistant glass market growth rate during the projection period?

The scratch resistant glass market is expected to grow with a CAGR of 9.20% between 2024-2029.

2. What can be the total scratch resistant glass market value?

The scratch resistant glass market size is expected to reach a revised size of US$ 5.17 billion by 2029.

3. What are the top 5 key players in the scratch resistant glass market?

Nippon Electric Glass, Guardian, Kyocera, Schott Glass, Rayotek, and Rubicon Technology are top key players in the scratch resistant glass market.

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