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The global cover glass market is driven by the increasing penetration of smartphones, globally, with the advancement in technology. The usage of cover glass in the devices like smartphones, tabs and others, to protect it from damaging has resulted in the steady growth of the market. Among the different varieties of cover glasses available in the market to be used for smartphones display screen, Corning’s Gorilla Glass remains the most preferred one. In 2016, it was installed on 2.5 billion smartphone devices, globally accounting for about 73% penetration in the smartphone industry. In terms of consumption, the Asia Pacific region is emerging as a significant market owing to the large population of the smartphone users in the region, which is further expected to grow at a healthy pace in the forecast period.
With the increasing production of smartphones, the production rate of different varieties of cover glasses has also increased. Corning Incorporated (NYSE: GLW), a leading player that specializes in specialty glass, launched Gorilla Glass in 2007, which is followed by its newer versions until now. In 2018, Corning launched Gorilla Glass 6 which has better damage-resistance and higher compressive strength than the previous iterations. Moreover, in August 2018 Samsung selected Corning’s Corning® Gorilla® Glass DX+ as the surface material for the Galaxy watch launched by the company, providing nearly invisible surfaces. This DX+ version have improved optical clarity for advanced mobile displays and provides superior scratch resistance, thus providing a further boost to the market.
Market Breakup by Types, Applications, and Regions
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The major players in the global cover glass market are Corning Inc., AGC Inc (Asahi Glass Co., Ltd), Nippon Electric Glass Co., Ltd., Schott AG, Biel Crystal Manufactory Limited, TPK Holding Co., Ltd., and O-film Tech Co., Ltd. The EMR report provides the market share, capacity, and latest developments like capacity expansion, plant turnarounds, mergers and acquisitions for the major players.
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