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(Transportation-News.com, September 17, 2019 ) Market Overview
• Scratch resistant glass is less prone to scratches than conventional glass and therefore maintains its original elegance much longer. Also, this glass type will have higher lifespan when used for indoor applications. scratch resistant glass can led to improvement in hygiene, since dirt and bacteria can no longer gather in the scratches.
• Growing smart phone users in emerging countries is one of the major drivers for the scratch resistant glass market, for instance it is anticipated that smart phone and internet usage in India is set to increase significantly from 27% of the population smart phone users in 2017 to 60% by 2022.
Market Dynamics
• The scratch resistant glass market is driven by the increasing demand in the end user industries, especially the smart phones segment. The growing number of smart phones users around the globe is expected to increase the demand for scratch resistant glass in the coming years.
• Growing smart phone users in emerging countries is one of the major drivers for the scratch resistant glass market, for instance it is anticipated that smart phone and internet usage in India is set to increase significantly from 27% of the population smart phone users in 2017 to 60% by 2022.
• While in advanced economy such as U.S has clearly witnessed surge in the adult smart phone users from 39% in 2012 to 81% in the 2019. Therefore, the greater adoption rate in the smart phone industry to boost the smart phone accessories such as scratch resistant glass. However, high price and weight of the glass acts as a barrier to the market growth
Market segmentation
• Based on product type, scratch resistant glass market is classified into chemically strengthened glass and sapphire glass.
• Sapphire crystal or glass is a strong, transparent material made of crystallizing pure aluminum oxide at very high temperatures. This material is high in cost, owing to the involvement of expensive tools to cut and polish the hard-sapphire crystal material.
• Based on application, Scratch Resistant Glass market is classified into smart phones & Tablets, Automotive, Interior Architecture, Electronics. Currently smart phones and tablets application is the dominant segment and it accounts for approximately XX% of the market.
• Sapphire is far easier to work with at smaller sizes, Apple covers the iPhone’s home button and camera lens with it, and it is also on the stainless-steel Apple Watch. Sapphire is basically the norm for many companies in the watch industry.
• Currently, sapphire is gaining popularity in the industry. This glass type is much harder to scratch than Corning’s market leading gorilla glass in the smart phone industry.
• Apple already uses sapphire in the iPhone 5S for the camera lens and the Home button. Moving forward better penetration of scratch resistant use in Smartphone and tablets to aid in further decline in the scratch resistant glass prices, this will promote use of scratch resistant glass in smart phones.
Geographical Analysis
• The Asia Pacific Scratch Resistant Glass market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the decent growth in the scratch resistant glass end user sectors in this region.
• Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby to bring unprecedented demographic, economic and social shifts.
• Urban development in the region is bringing in demand for construction materials and hence this scenario showcases positive impact on the Scratch Resistant Glass industry. For instance, one of the fast-growing economies in the region such as India have witnessed immense demand in commercial space such as office spaces, hotels, retail, entertainment units. Annual absorption of office space in India crossed 42 mn sq ft in 2017.
• Unlike the US, where the smart phone market is divided between a small number of key players, in Asia there are many companies vying to become the dominant smart phone provider, from global giants to smaller local startups.
• Therefore, the presence of growing economies in the region followed by the growth in the end users’ sectors of scratch resistant glass industry showcases the immense growth potential in the scratch resistant glass industry in this region.
Company Profiles:
Some of the major players in the global scratch resistant glass market includes
• Corning Incorporated,
• AGC Inc.,
• Nippon Electric Glass Co., Ltd,
• Others
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