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Global Scratch Resistant Glass Market to Grow at a CAGR of 10.1% During 2021-2026, Driven by the Rising Applications of Scratch Resistant Glass in Vehicles

According to a new report by EMR titled, ‘Global Scratch Resistant Glass Market Report and Forecast 2021-2026’, the market attained a value of about USD 5 billion in 2020. The industry is further expected to grow at a CAGR of 10.1% in the forecast period of 2021-2026 to reach a value of nearly USD 9 billion by 2026.

The global market for scratch resistant glass is primarily being driven by its use in consumer electric appliances such as smartphones and tablets to provide protection to the delicate screens and enhance the optical clarity of the device. In addition to this, scratch resistant glass is used in other delicate wearable items such as smartwatches, watches, and spectacles to provide protection to the user against any injury that may happen if the glass breaks. Thus, the robust deployment of scratch resistant, toughened glass in consumer use goods is significantly driving the market growth. Moreover, recently the use of scratch resistant glass like gorilla glass in automotive is contributing to the overall growth of the market. Advancements in manufacturing practices to incorporate features like resistivity to extreme cold, heat, and sun exposure in scratch resistant glass is substantially boosting the demand for scratch resistant glass with applications in vehicles.

Corning Incorporated (NYSE: GLW), a global leader in the market for scratch resistant glass, recently announced the launch of a new gorilla glass, Victus, in July 2020. The Gorilla Glass Victus by Corning is a glass that can not only resist a six-foot drop, but also improve the gadget’s ability to shrug off scratches. In addition, gorilla glass Victus has twice the scratch resistance of Corning’s gorilla glass 6 and four times the resistance of a competing glass. It is further expected that the new range of smartphones by premium brands, including Samsung (KRX: 005930) and Apple (NASDAQ: AAPL), will deploy the gorilla glass Victus by Corning Incorporated in the coming years to enhance the durability of smartphones. Hence, such developments in the industry are boosting the market growth of scratch resistant glass.

Market Analysis by Application and Region:

  • On the basis of application, the market can be categorised into smartphones, tablets, LCD/LED, and automotive, among others.
  • The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market for scratch resistant glass is being driven by the robust demand for scratch proof glass in consumer electronic appliances, such as smartphones, tablets, and LCD/LED television screens.
  • Owing to rising disposable incomes, the willingness to spend on furniture aesthetics is invigorating the market growth of scratch resistant glass in premium furnishing items like cabinets, tabletops, and kitchenware.
  • The large-scale manufacturing of scratch resistant glass by leading industry players in emerging economies is significantly contributing to the market growth.
  • Incorporation of features like resistivity to extreme cold, heat, and sun exposure in gorilla glass manufacturing for applications in vehicles is invigorating the market growth of scratch resistant glass.

Key Offerings of the Report:

  • The EMR report gives an overview of the global scratch resistant glass industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for applications and regions of scratch resistant glass.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global scratch resistant glass market are AGC Inc., Corning Incorporated, Nippon Electric Glass Co.,Ltd., Saint-Gobain, Monocrystal, PLC, and SCHOTT AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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