Scratch
Resistant Glass Market Size and Growth Rate:
According to the Research Report, The
scratch-resistant glass market Size is
estimated to be USD 1.87 Billion in 2018, and is projected to reach USD 2.82
Billion by 2025, at a CAGR of 9.2% between 2018 and 2025.
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details of 115 number of pages research report developed on Scratch Resistant
Glass Market @ https://www.researchcosmos.com/reports/global-scratch-resistant-glass-market-research-report-2018/96367261
Scratch
Resistant Glass Market Overview:
Scratch resistant
glass is a specific form of mineral or sapphire glass, which is mainly used in eyeglasses,
smartphone displays, watch lenses, and smart gadget displays. These glasses usually
have a chemical coating that essentially helps resist minor scratches, bidsa
much better drop performance, superior surface quality, a comparatively higher retained
strength, resistance to scratch and sharp contact damage, optical clarity, and good
impact absorbance.
The introduction of
new display devices with high resolution and an augmented screen size is increasing
the application of scratch resistant glass as these products require glass
equipped with strong anti-cracking properties. The demand for scratch
resistant glass is also growing rapidly across the globe, owing to the increasing
demand for use in electronic display devices and smartphones. The market is anticipated
to witness high growth owing to a considerable increase in the various
shipments and sales of smartphones across the globe.
Scratch
Resistant Glass Market Growth Drivers and Restraints:
The smart phone
screen protectors that are accessible at low price points are projected to
disrupt the market of scratch resistant glass. The enlarged retail presence of
these products and the ease of application are the major factors driving the
demand for these screen protectors. The high penetration of these products and
presence of this glass type in premium smart phones is likely to negatively affect
the market growth.
However, the scratch
resistant glass market is projected to witness high growth owing to an extensive
increase in the use of mobile phones. Increasing adoption of advanced
technology by smart phone manufacturers is anticipated to act as the major
driver for this market growth. The smart phone industry is currently driven by
developing economies such as India, China, and South Korea owing to growing
disposable incomes and changing lifestyles.
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Scratch
Resistant Glass Market Geographical Segmentation:
Geographically the
market is divided into North America, Asia Pacific, Europe and LAMEA. North
America accounts for a good market share owing to the rise in start-ups that
are involved in the manufacturing of maintainable lighting solutions and
connected devices under the Internet of things (IoT) product category. Asia
Pacific is also a major market for scratchresistant glass across the world,
with the main contribution to the demand coming from China. The growing acceptance
of scratch resistant glass in automotive and electronics applications is anticipated
to further drive the growth of the market in the region.
Key players of the Scratch
Resistant Glass Market:
Some of the key
players working in the global scratch resistant glass market are Asahi India
Glass Limited, Corning Incorporated, Guardian Industries, Nippon Electric Glass
Co. Ltd, Monocrystal, KYOCERA Corporation, and Schott AG.
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