Scratch Resistant Glass Market Size to Reach 2.82 Billion by 2025 with Market Key Players - Asahi India Glass Limited, Corning Incorporated, Guardian Industries, Nippon Electric Glass Co. Ltd, Monocrystal, KYOCERA Corporation, and Schott AG.

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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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, bids 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 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 smartphone 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 the presence of this glass type in premium smartphones 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 smartphone manufacturers is anticipated to act as the major driver for this market growth. The smartphone 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. The Asia Pacific is also a major market for scratch-resistant 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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