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Global Cover Glass Market to be aided by the expected growth in the Global Smartphone Cover Glass Market at a CAGR of 1.9% between 2019 and 2024

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"According to a new report by EMR titled, ‘Global Cover Glass Market Report and Forecast 2019-2024’, the global cover glass market is being driven by the growing smartphone cover glass market which attained a value of nearly USD 1.6 million in 2018, globally. The market is further expected to grow at a CAGR of 1.9% in the forecast period of 2019-2024 to attain USD 1.8 billion by 2024."

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

  • Gorilla, sapphire and dragontrail, among others are the various types of glasses available in the market.
  • Cover glasses find application in different segments of electronic sector, like, smartphones, tablet, smart watch and automotive, among others.
  • The regional markets for the global cover glass market are North America, Asia Pacific, Europe, LATAM, and the Middle East and Africa.

Key Findings of the Report:

  • The global cover glass market is being driven by the increasing smartphone penetration, globally.
  • With the increase in number of smartphone users, the demand for smartphone cover glass is increasing as to protect the fragile display screens, which is aiding the market further.
  • With the introduction of new technologies, constant innovation is taking place, resulting in better versions of the cover glasses, which propels the market further.

Key Offerings of the Report:

  • The EMR report gives an overview of the global cover glass market for the periods (2014-2018) and (2019-2024).
  • The report provides historical (2014-2018) as well as forecasted (2019-2024) data for the types, applications and regional markets of the global cover glass market.
  • The report also offers an assessment of the market based on the Porter’s Five Forces model along with a SWOT and value chain analysis.

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.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Global Cover Glass Market: By Type: Gorilla, Sapphire, Dragontrail, Others; By Application: Smartphones, Tablet, Smart Watch, Automotive, Others; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Porter’s Five Forces Analysis; Global Trade Analysis (2019); Regional Price Analysis; Manufacturing Process; Cost Analysis; Competitive Landscape & Supplier Analysis; Consumer Analysis; Events and Developments"

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