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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.
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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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