Scratch Resistant Glass Market Overview
The global scratch resistant glass market size was worth US$ XX million in 2021 and is estimated to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 9.03% within the forecast period (2022-2029). Scratch resistant glass is a form of glass coated with a strong protective layer applied to the front and rear of the surface. These glasses are less prone to scratches and, as a result, maintain their elegance for a longer amount of time. Scratch-resistant glass is ten times more scratch resistant than chrome steel and normal glass and can withstand all scratch-resistant items such as keys, vases and braces.
Scratch resistant glass is a sapphire or mineral crystal used in the focus lenses of watches, glasses, cell phone screens and other household appliance displays. The glass features a chemical compound layer that protects it from minor scratches. Drop protection, high quality, protection without scratches or sharp contact damage, dominating surface quality, optical clarity and other attributes are included in the scratch-resistant glass.
Mobile phones, tablets, LCD / LED screens and automobiles feature scratch resistant glass. The LCD / LED display market is now the largest in value and volume. It is likely to maintain its dominance with a considerable CAGR throughout the forecast period.
Global Scratch Resistant Glass Market Dynamics
Rising sales of premium smartphones and tablets drive scratch resistant glass's market share. Improving the electronic display market globally has created immense opportunities for the scratch resistant glass market to grow in the forecast period.
Rising sales of premium smartphones and tablets are driving the market share for scratch resistant glass
Sapphire glasses and gorilla glasses in smartphone and tablet applications have shown unprecedented growth in the past few years. Most smartphones are covered with gorilla glass, a glass made by corning specifically engineered to protect against drops and other damage.
Furthermore, the scratch resistant glass market is likely to be driven by rising demand for tablets in industrial applications. The introduction of new technology and products and the product's increased robustness will boost demand in the smartphone and tablet market.
For instance, in 2020, 3.5 billion smartphone users worldwide were accounted, out of which 77% of Americans have smartphones. According to global smartphone statistics, billions of smartphone units have been shipped annually since 2014. Given the increasing importance of cell phones in daily lives, the trend is unlikely to slow down soon.
In 2019, 1.52 billion smartphones were sold worldwide. Samsung holds a dominating position as a smartphone manufacturer, accounting for 20% of the overall smartphone market. Since 2018, the largest smartphone markets have been Greater China, Emerging Asia-Pacific and North America. The pattern is expected to continue until 2020 and is predicted to improve even further in the forecast period.
Design innovation in the smartphone sector, as well as increased sales of 5G handsets, would be the emphasis areas, according to International Data Corporation (IDC). 5G smartphones had a slow start in 2019, accounting for only 0.5% of global shipments. However, shipments are predicted to climb to 23% by 2023, boosting the use of scratch-resistant glasses in the smartphone category.
For instance, on July 23, 2020, Corning Incorporated unveiled Corning Gorilla Glass Victus, the company's latest breakthrough in glass technology. The company has built on a decade-long legacy of delivering tough glasses for laptops, smartphones, tablets and wearables. Gorilla Glass Victus provides consumers and OEMs with better drop and scratch performance than rival aluminosilicate glasses from other manufacturers.
Improving the electronic display market globally has created immense opportunities for the scratch resistant glass market to grow in the forecast period
LCD/LED production has the largest requirement for scratch-resistant glass. Over the forecast period, the increased demand for sapphire glass and gorilla glass in display applications is expected to fuel market expansion. The advent of new display devices with higher resolution and larger screens increases the use of scratch resistant glass, as these goods necessitate anti-cracking glass.
In past few years, electronic display technology has advanced significantly. For numerous years, cathode ray tubes dominated the electronic display market until more modern plasma, LCD supplanted them and LED display technologies.
Over the previous few years, LED and OLED displays have seen substantial market penetration and similar developments are projected over the forecast period.
Furthermore, due to downsizing, LED screens have become ultra-thin and have expanded to huge sizes, allowing them to be placed on any surface, inside or out. Due to technological advancements such as greater resolution, enhanced brightness, product diversity and the advent of hardened surface LEDs and small LEDs, the number of LED applications has increased.
LED displays are commonly used for digital signage applications such as advertising and digital billboards, which help businesses stand out. Thus increasing demand for the latest advanced LED display technology has escalated the market opportunities for scratch resistant glass. It is expected to improve further owing to the improving LED display market.
Lack of awareness and availability of substitutes has shown several challenges to the growth of scratch resistant glass market
The demand for scratch resistant glass has seen significant growth in various industries. Improving electronic business has created unprecedented opportunities for the market to grow in the forecast period. However, the product is still utilized by limited customers only, leading to low penetration potential for the market, especially in remote areas.
Furthermore, various substitutes are available for scratch-resistant glasses at a much cheaper cost and medium quality, which is hurdling the product market growth in recent times.
COVID-19 Impact Analysis
The recent COVID-19 pandemic has negatively influenced the global scratch-resistant glass market due to a low worker force, industrial facility closures andworldwide supply chain disruptions. Scratch-resistant glass application among end-user industries such as automotive, electronics and others has drastically reduced demand during COVID-19.
For instance, the automotive industry is among the major end-user industries which have seen serious issues due to COVID-19. U.S., Italy, Germany, UK, South Korea, Spain and Japan are among the main industrialized economies negatively affected. According to a Boston Consulting Group analysis, several hazards remain despite hopeful reports on vaccination advances. Sales in Europe and U.S are not expected to recover to pre-COVID levels until 2023.
Furthermore, smartphone sales have a down decremental effect due to the outbreak of COVID-19. Except for Xiaomi, all of the top smartphone vendors experienced a decline in the first quarter of 2020. Xiaomi outperformed expectations because of strong Redmi smartphone sales in international regions and an aggressive online channel focus. Despite a 22.7% drop in smartphone sales in the first quarter of 2020, Samsung still held the top spot with an 18.5% market share. Thus the significant drop in global smartphone sales has reduced market growth opportunities for the scratch resistant glass market during the 2019(mid)-2020 period.
Market Segment Analysis
The global scratch resistant glass market can be segmented on product, application, end-users and region.
Improving demand for surface strength, defect containment and scratch resistance glasses has escalated the chemically-strengthened glass market in industrial, automotive, aviation, architectural and medicinal applications
The global scratch resistant glass market is segmented by product into a chemically-strengthened glass and sapphire glass. Out of the mentioned product, chemically-strengthened glass holds a significant market share in the global scratch resistant glass market. Furthermore, the development of chemically reinforced glasses became necessary to combine scratch and impact resistance into a tiny glass part capable of safeguarding cellphones throughout their intensive use.
Surface strength, defect containment and scratch resistance are all demonstrated in these glasses. These items are employed in industrial, automotive, aviation, architectural and medicinal applications, in addition to the consumer electronics that brought them to the public's attention.
Smartphones require a thin glass screen that can be swiped several times and can withstand being stored with other potentially damaging things like keys. Glass manufacturers are investing in research that will lead to tougher, scratch-resistant materials for smartphone makers to utilize. As a result, the capacity of a good chemically toughened glass to resist scratching by particles or substances that will come into touch with its surface determines its quality. Thus improving product demand and excellent features offered by the chemically strengthened glass have increased the segmental growth of the product
Asia-Pacific has shown tremendous market growth in the scratch resistant glass market due to the presence of key players and improving smartphones and the electronics industry. Asia-Pacific region had the majority of the global market share. Scratch resistant glass is becoming more popular, leading to strong applications in nations like China, Japan and India.
Asia-Pacific is home to various of the world's largest scratch-resistant glass manufacturers. AGC Inc. (Asahi Glass), Nippon Electric Glass Co., Ltd., Saint-Gobain, Crystalwise Technology Inc. and KYOCERA Corporation are some of the main manufacturers of scratch resistant glass. By 2028, China's consumer electronics market is predicted to have grown significantly, opening up many opportunities for this market to use scratch-resistant glass in the forecast period.
In addition, rising disposable incomes and population growth in countries like China, Japan and India are expected to strengthen the smartphone and tablet and consumer electronics sectors, boosting product demand over the projection period. Government measures in nations like the Philippines and Indonesia to expand manufacturing facilities are projected to boost scratch-resistant glass demand.
Chemically strengthened glass has several advantages, including increased dimensional stability and shock absorption. It is thus employed in producing sustainable lighting solutions and linked devices in the Internet of Things (IoT) product category. In the future years, rising demand for portable devices and OLED displays is expected to drive up demand for scratch-resistant glass.
The scratch resistant glass market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Corning Incorporated, AGC Inc, Schott AG, Nippon Electric Glass Co., Ltd., Guardian Industries, Climax Synthetics Pvt. Ltd, , Rubicon Technology, Monocrystal, Saint-Gobain S.A, Kyocera Group and others.
The major companies adopt several growth strategies such as acquisitions, product launches and collaborations, contributing to the global scratch resistant glass market's growth. For instance, in 2017, Apple tied with a Kentucky manufacturing plant by awarding US$250 million to support Corning's continued work to develop glass for iPhones and other devices.
Overview: Corning Incorporated is an American-based company specializing in ceramics, specialty glass and related materials and technologies such as advanced optics, primarily for scientific and industrial applications. Corning Glass Works was the company's name until 1989. Corning sold the Corning Consumer Products Company subsidiary (now known as Corelle Brands) to Borden in 1998, divesting its consumer product lines (including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware and Pyrex glass bakeware). Corning still owns about 8% of Corelle Brands.
Corning Gorilla Glass with DX/DX+: Corning Gorilla Glass with DX and Corning Gorilla Glass with DX+ add anti-reflective optics and scratch resistance to the famed robustness of Gorilla Glass. The Gorilla Glass DX Product Portfolio offers the best combination of enhanced optical performance and outstanding scratch resistance in the industry, delivering the optimum consumer experience.
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