Press release
Scratch Resistant Glass Market By Key Participants Asahi Glass, Corning Glass, Nippon Electric Glass, Guardian, Kyocera, Schott Glass, Market Size To Exhibit CAGR Of 7.90% CAGR During 2019 To 2024
Scratch Resistant Glass Market
Scratch resistant is a sapphire glass, regularly found in watch focal points or eyeglasses. Scratch-resistant glass has a compound covering that helps resist minor scratches. Gorilla glass is another Corning item that adversaries the scratch resistance of sapphire glass.
Scratch Resistant Glass Market Outlook:
The growth of the global scratch resistant glass market is largely driven by factors such as the increase in demand for semiconductors and electronic products, and rising demand for smartphone manufacturing. In addition, the market is expected to witness high growth owing to a substantial increase in the shipments and sales of smartphones. Increasing adoption of advanced technology by smartphone manufacturers is expected to act as the major driver for market growth. The smartphone industry is majorly driven by developing economies such as India, China, and South Korea owing to increasing disposable incomes and changing lifestyles. However, the high penetration of smartphone screen protectors available at low prices and presence of this glass type in premium smartphones is expected to negatively impact the market growth.
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Scratch Resistant Glass Market Segmental Overview:
The global scratch resistant glass market is segmented based on application and geography.
Scratch Resistant Glass Market by Application
The major application segments of the scratch-resistant glass market are smartphones, tablets, LCD/LED and automotive. LCD/LED accounted for largest application segment accounting for more than 40% of market share in 2017. The new product introduction in large display category is projected to increase the implementation of scratch resistant glass in this application segment. Tablets are the second fastest growing application segment growing from 2019 to 2024.
Scratch Resistant Glass Market by Geography:
Based on geography, the global scratch resistant glass market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of Europe. The key countries included under the Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas, in the Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report. The North American region is projected to dominate the scratch resistant glass market by 2024. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period since the demand from the electronic goods is projected to increase in the coming years.
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Scratch Resistant Glass Market Key Players:
The scratch resistant glass ecosystem includes raw material suppliers, component suppliers, scratch resistant glass machine manufacturers and assemblers, technology providers, service providers, distributors and resellers, and end users. The major manufacturers are Asahi Glass, Corning Glass, Nippon Electric Glass, Guardian, Kyocera, Schott Glass, Rayotek, Rubicon Technology, Crystalwise Technology, Crystran, Saint-Gobain, and Swiss Jewel
Key Questions Answered in Report:
•What is the future scope of global scratch resistant glass market up to 2024
•What are the challenges to market growth?
•Who are the key vendors in the global scratch resistant glass market?
•What will the market size and the growth rate be in 2024?
•What are the key market trends impacting the growth of the global scratch resistant glass market?
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Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application, and end-user industries, competitive landscape, and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who has worked with leading research firms and delivered the number of Market research projects globally, Axiom Market Research & Consulting is able to cater to all market research and business consulting requirements.
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