Scratch Resistant Glass Market Size Forecast to Reach $2.83 Billion by 2026
Increasing Adoption of Anti-scratch Glass Such as Soda Lime Silicate Due to Excellent Durability and Less Likely to Break Upon Impact Will Increase the Demand for Scratch Resistant Glass Market.
Hyderabad, India – July 23, 2021 /MarketersMedia/ —
Scratch Resistant Glass Market size is forecast to reach $2.83 billion by 2026, after growing at a CAGR of 9.2% during 2021-2026. With rise in the consumption of anti-scratch glass for smart phones the demand of scratch resistant glass market is expected to increase. Sapphire glass is majorly used in smartphones with high screen toughness and excellent clarity. Due to these properties scratch resistant glass used in various applications such as architectural interior, electronics, smart devices and so on. Hence, the increasing demand of smartphone users will further enhance the overall market demand for scratch resistant glass during the forecast period.
Scratch Resistant Glass Market Segment Analysis – By Material
Silica material type segment held a significant share in the scratch resistant glass market in 2020 due to excellent transmission of light in the visible region. The porous silica rich layer improvers the scratch resistant of the glass surface to be treated by immersion, spraying, and spinning. Silica, soda, and lime makes soda lime silicate which useful in variety of industries, including the consumer goods manufacturing, electronics equipment, and more.
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Scratch Resistant Glass Market Segment Analysis – By Type
Chemically strengthened glass segment held the largest share in the scratch resistant glass market in 2020 due to its wide usage in smartphones, watch, LED, and optical windows. It provides strength and damage resistance to smartphones and other devices and maintains its original elegance much longer. This glass mostly used in interior architectural because of high transparency and easy to clean. Chemical strengthened glass is used in a various transportation application such as boat windshield, railcar windshields, and airplane windshields.
Scratch Resistant Glass Market Segment Analysis – By Application
Electrical and electronics have been the primary market for scratch resistant in 2020 and is growing at a CAGR 9.5% during 2021-2026. This glass is very durable and avoids minor damages and scratches. Scratch resistant glass is more lightweight laptops and tablets with exceptional visual quality, while providing damage and scratch resistant from everyday handing and use. Scratch resistance glass such as sapphire glass, soda lime silicate and polycarbonate lenses are providing permanent protection form UV rays and excellent clarity. Hence, increasing consumption for wearable devices with ultimate combination of protection and performance that increases the demand of scratch resistant glass.
Scratch Resistant Glass Market Segment Analysis – By Geography
Asia Pacific dominated the scratch resistant glass market in 2020 with share of 30%, due to increasing demand of scratch resistant glass for smartphone, smart watches, LED, tablets, and medical devices in Asian countries such as India, China, Japan, and more. The growing adoption of sapphire glass in electronics application is expected to further drive the growth of the market in the region. In accordance to India Cellular & Electronics Association (ICEA), India has the competence to knock the door of a value of US$ 100 billion in manufacturing of laptops and tablets by 2025.
Scratch Resistant Glass Market Drivers
Increasing Adoption of Advanced Technology
Increasing adoption of advanced technology by smartphone, smart watch, tablets, and LED manufactures is expected to grow the growth of scratch resistant glass market. Sapphire glass provides clarity with high quality, screen protection, damages protection, and high durability. India’s big tech companies innovated a new gadget like smart watch FitX pro that incorporates a variety of features such as high quality and extreme durability. FitX pro watch works such as health monitor, fitness band, to measure blood pressure, blood oxygen level, heart rate, and BPM (beats per minute). However, increasing demand for scratch resistant glass for new technology and polycarbonates lenses from sunglasses industry will boost the consumption of scratch resistant glass.
Regular Creative Promotions in Electronics Market
Regular creative promotions in electronic equipment such as 5G smartphones and anti-resistant smart watch is expected to grow the market growth of scratch resistant glass market. China is developing 6G smartphone in coming years, which will increase the consumption of smartphone. With high consumption of new technologies, the market demand will be increasing due to manufacturers are used soda lime silicate glass in smartphones, smart watches and LEDs for high clarity and extreme durability. Additionally, production of new technology along with production of smart gadgets will increase the demand of the scratch resistant glass market.
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Scratch Resistant Glass Market Challenges
High Production Cost
Regular innovations can hamper the growth of the market of scratch resistant glass market as scratch resistant glasses are expensive more than normal glasses. Also, polycarbonate lenses are more expensive than plastic glasses and more cost effective than Trivex lenses due to excellent durability. Hence, these glasses require higher production cost and time consuming which is limiting the market growth of scratch resistant glass.
Scratch Resistant Glass Market Landscape
Major players in the Scratch resistant glass markets are Corning Incorporated, Asahi Glass, Nippon Electric Glass, Guradian Industries, Schoot AG, Monocrystal, Rubicon Technology, Kyocera Group, Crytalwise Technology, Inc., Edmund Optics Inc., and among others.
Acquisitions/Technology Launches
In July 2020, Corning Incorporated Company announced Corning® Gorilla® Glass Victus™; it improves ability of smartphones and to prevent from scratches. Corning’s newest generation of Gorilla Glass is not just better at withstanding drops.
Key Takeaways
Asia-Pacific dominates the scratch glass market owing to increasing demand from electronic sector for various devices such as smart phone, tablets, LEDs, medical devices, and more.
According to the India Brand Equity Foundation (IBEF), India’s medical device market is expected to increase at a CAGR of 35.4% to reach Rs. 352,450 crore (US$ 50 billion) in 2025 from Rs. 77,539 crore (US$ 11 billion) in 2020.
The growing adoption of thermal expansion of chemical strengthen glass and sapphire glass due to and thickness, is likely to aid in the market growth of fuel additives.
Increasing adoption of anti-scratch glass such as soda lime silicate due to excellent durability and less likely to break upon impact will increase the market demand for scratch resistant glass market.
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