A recent report published by Infinium Global Research on scratch resistant glass market provides in-depth analysis of segments and sub-segments in the global as well as regional scratch resistant glass market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional scratch resistant glass market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global scratch resistant glass market. According to the report, the global Scratch Resistant Glass Market was nearly worth USD 2 billion in 2020 and is expected to reach USD 3.7 billion by 2026, growing with a CAGR of 9.5% over the forecast period of 2020-2026.

Market Insight

Surfaces of materials such as glass, plastic, metal, and others are prone to scratches. The appearance and design of the product are of utmost importance in several applications, and scratches can hamper the beauty. Thus, several manufacturers have developed scratch resistant materials such as glass, and metal. Scratch resistant glass is widely used for smartphones, tablets, automobiles, electronics, and many other products. Along with giving a nicer appearance, scratch resistant glass also increases the durability, and lifespan of products. Moreover, the demand for thinner and lighter scratch resistant glass is increasing from the end-users. Thus, the manufacturers offering scratch resistant glass are continuously developing innovative scratch resistant glass technologies to satisfy this demand from the end-users.

The COVID-19 pandemic had a fairly negative short-term effect on the scratch resistant glass market. The spread of the pandemic hampered the sale of smartphones and automobiles. As the infection spread across the world, many local and national governments implemented lockdown orders, restricting people from visiting public places, and closing businesses. Due to these lockdowns, consumers spent more on essential commodities. Moreover, many electronic stores and vehicle showrooms were closed during the pandemic. This, in turn, led to lower sales of electronics, and automobiles that use scratch resistant glass. Nevertheless, the sale of smartphones and other electronic devices over online stores increased during the pandemic, driving the demand for scratch resistant glass. Furthermore, as the pandemic crisis subsides, the demand for scratch resistant glass is anticipated to be restored to its pre-pandemic state.

The endlessly increasing sale of smartphones is majorly driving the market growth for scratch resistant glass. The global shipment of smartphones has nearly tripled over the past decade. Scratch resistant glass is widely used for the screen and body of smartphones. Thus, the increasing sale of smartphones increases the sale of scratch resistant glass. Moreover, the growing adoption of devices such as LED, and LCD panels across various sectors is further supporting the sale of scratch resistant glass. LED and LCD panels are used in displays, which are installed with scratch resistant glass to prevent them from abrasions and maintain higher visibility. However, the availability of cheaper substitutes such as scratch resistant coatings and films are anticipated to hinder the market growth. On the other hand, the R&D activities to develop thinner, lighter, and cost-efficient scratch resistant glass are offering growth opportunities to the market players.

The global scratch resistant glass market is segmented into North America, Europe, Asia Pacific, and the Rest of the World, based on regions. Among these regions, Asia Pacific dominated the global scratch resistant glass market in 2019. Countries such as China, India, Japan, and Korea mainly drove the Asia Pacific scratch resistant glass market. The combined sale of products that use scratch resistant glass such as smartphones, electronics, and automobiles was higher in these countries compared to the countries in Europe, and the Americas. Moreover, the growing population, and improving spending capacity are further supporting the market growth of scratch resistant glass in the Asia Pacific. North America held the second-largest share in the global scratch resistant glass market. This is mainly due to the presence of leading IT, and automotive companies in the region.

Segment Covered

The report on global scratch resistant glass market covers segments such as type, and application. On the basis of type, the sub-markets include chemically strengthened glass, and sapphire glass. On the basis of application, the sub-markets include smartphones & tablets, automotive, electronics, architecture, and other applications.

Companies Profiled:

The report provides profiles of the companies in the market such as AGC Inc., Corning Inc., Nippon Electric Glass Co., Ltd., Guardian Industries, Schott AG, Kyocera Corporation, Compagnie de Saint-Gobain, Monocrystal PLC, Ohara Corporation, and Rayotek Scientific Inc..

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of scratch resistant glass market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.