Industry Outlook

Scratch resistant glass market is expected to reach US$ 7,989.0 Mn by 2026 with 7.9% CAGR during the forecast period from 2018 to 2026, owing to high demand from the consumer electronics industry. Use of scratch resistant glass offers improved drop performance, high-retained strength after use, high resistance to scratch & sharp contact damage, and superior surface quality. Scratch resistant glass finds its uses mainly in display applications that includes smartphones, tablets, LCD/LED, automotive (automotive electronics, interiors windows, windshields, and sunroofs), and others (interior architecture and commercial industry, etc.). Scratch resistant glass market is highly consolidated market with few major players such as Guardian Industries (U.S.), Asahi Glass (Japan), Saint-Gobain (France), Nippon Electric Glass (Japan), Corning Incorporated (U.S.), and Schott AG (Germany) accounts for approximately 70% of the total market revenue. Although, the prominent manufacturers of glass are headquartered in North America and Europe, Asia-Pacific being the major hub for automotive and electronics which are largest consumer of scratch resistant glass, dominated the market by consumption in 2017. Factors such as increasing popularity of smart wearable electronics coupled with superior performance of scratch resistant glass products such as Gorilla glass and Dragontrail driving the overall growth for scratch resistant glass. Moreover, use of scratch resistant glass in automotive application opens up a new opportunity to tap the automotive glass market. These glasses are used by leading consumer electronics OEM brands in their products such as Samsung, Acer, Sony, Apple, etc. Asia-Pacific led the scratch resistant glass market in 2017 and also poised to emerge as the fastest growing region between 2018 and 2026. China, Japan, and India are major markets owing to the rising demand for scratch-resistant glass from the smartphones & tablets application. Further, increasing base of smartphone users and many OEM manufacturers (end-users) based in these countries propelling the growth of the market in this region.

"LCD/LED Segment to dominate the Scratch Resistant Glass Application Market"

Currently, LCD/LED is the largest market by value and volume, and expected to retain its prominence with significant CAGR throughout the forecast period. Owing to its high durability and strength, there is a high demand for scratch resistant glass from LED screens and lighting industry. Recently, Samsung (OEM manufacturers) joined hands with Corning Incorporated to develop Gorilla Glass Tough OLED. Smartphones projected to be the fastest growing application market for scratch resistant glass with CAGR of 8.2% throughout the forecast period. Substantial increase in the shipments and sales of smartphones coupled with increasing adoption of advanced technology by smartphone manufacturers’ act as major drivers for market growth. In addition, high demand for smartphones from the developing economies owing to rising disposable income and changing lifestyles is another factor contributing to the growth in demand for scratch resistant glass from smartphones industry. Assuming the current scenario to remain constant or change with minimal impact, Credence research team foresees smartphones to be the fastest growing application in years to come.

"Asia Pacific to record fastest growth during the forecast period"

Asia-Pacific with huge manufacturing base of OEM manufacturers stands distinctly with majority of the market share followed by North America and Europe. Asia-Pacific is also identified as the fastest growing market by volume with the CAGR of 8.4% between 2018 and 2026. This growth can be attributed to high economic growth, heavy investments in automotive and consumer electronics industries, growing industrialization, and rise in the manufacturing sector of this region. Further, rising population and their disposable income, growing end-use industries, and demand for premium electronics have led to innovation and developments in these industries, making Asia-Pacific a strong application market hub, globally. North America is the second largest market by value with the share of 28% approximately in 2017. High demand for scratch resistant glass from the manufacturing of sustainable lighting solutions and connected devices under the Internet of things (IoT) product owing to high strength, safety, anti-breakage, and anti-scratch properties mainly attributes to the dominance of North America market.

"US$ 200 million in funding, Corning Incorporated is one of the promising players in the scratch resistant glass market"

Corning is one of the largest manufacturer of scratch resistant glass and has made 552 million square feet of scratch resistant glass for iPhones and iPads till date. Corning’s flagship product Gorilla glass enjoys the lions share in the market, approximately 900 million square feet of gorilla glass is consumed by global electronics industry. Sale of Gorilla glass accounts for 10%-15% of the Corning’s total revenue. There are several other products in the market such as Dragontrail (Asahi Glass), Dinorex (Nippon Electric Glass), DiamondGuard (Guardian Industries), etc. Funding of US$ 200 million from Apple Inc. in 2017, for manufacturing of scratch resistant glass for Apple’s product will make Gorilla an invulnerable brand in the coming years. Other notable players competing in scratch resistant glass market are Saint-Gobain, Schott AG, Guardian Industries, Nippon Electric Glass, Corning Incorporated., etc.

This research report covers leading continents along with major countries, profiles of major companies operating in scratch resistant glass market and their strategic developments. Our report further describes the market dynamics that includes drivers, restraints, and opportunities prevailing in the market to understand global scratch resistant glass market more explicitly. Our in-depth segmentation analysis till country level highlights revenue pockets and investment opportunities in the market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Scratch Resistant Glass market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Scratch Resistant Glass market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Scratch Resistant Glass market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Scratch Resistant Glass market?
• Which is the largest regional market for Scratch Resistant Glass market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Scratch Resistant Glass market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Scratch Resistant Glass market worldwide?