Scratch-Resistant Glass Market to experience an impressive growth of 9.5 % during 2020-2025
February 03, 2020
Scratch-resistant glass market is likely to witness an impressive CAGR of 9.5% during the forecast period. Increasing penetration of scratch-resistant glass in smartphones & tablets and other electronic appliances is the major factor driving the market. Further, the expanding electronics, automotive, architecture, and smart phones market in developing economies, owing to low-labor cost, dependable supply chain, and huge consumer base are likely to act as a catalyst towards the growth of the scratch-resistant glass market globally.
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Scratch-Resistant Glass Market Segment Insights:
By Product Type:
Based on the product type, the market is segmented as chemically-strengthened glass and sapphire glass. The chemically-strengthened glass segment dominated the market and is expected to witness a higher growth during the forecast period, owing to substantial increase in demand from applications, such as smartphones and tablets.
By Application Type:
Based on the application type, the market is segmented as smartphones & tablets, automotive, interior architecture, electronics, and others. The smartphones & tablets application segment dominated the market and is expected to grow at a substantial rate during the forecast period. Increasing demand for smartphones & tablets coupled with significant technological advancement in the segment are the major factors behind its dominance in the global scratch-resistant glass market.
By Region:
In terms of regions, Asia-Pacific is expected to remain the largest market for scratch-resistant glass during the forecast period. Asia-Pacific is the manufacturing capital of smart phones & tablets and electricals & electronics industry, owing to the presence of a large number of players, proximity to raw materials, cheap labor, and huge consumer base. Further, China, Japan, South Korea, Taiwan, and India are the growth engines of the region. North America and Europe are the other major markets for scratch-resistant glass and are expected to witness significant growth during the forecast period.
By Key Players:
Some of the major players in the scratch-resistant glass market are Corning Incorporated, AGC Inc., Nippon Electric Glass Co., Ltd., Guardian Industries, Rubicon Technology, Inc., Kyocera Group, Crystalwise Technology, Inc., Edmund Optics Inc., Schott AG, Compagnie de Saint-Gobain S.A., Crystal Applied Technology Inc., and Precision Sapphire Technologies.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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