Design innovation and rising 5G smartphone sales will drive the smartphone sector's growth, with 5G shipments projected to soar. The increasing adoption of scratch-resistant glass in the smartphone industry has been a key driver of market growth. Consumers value scratch-resistant screens to protect their devices from everyday wear and tear. This growth is expected to drive the usage of scratch-resistant glasses. The "chemically-strengthened glass" segment is anticipated to experience the highest growth rate due to its extensive application in smartphones and tablets during the forecast period.
According to Data Bridge Market Research, the Global Scratch-Resistant Glass Market is expected to reach a value of CAGR of 10.60% from 2023 to 2030. This indicates that the market value, USD 6.12 billion in 2022, would grow up to USD 13.69 billion by 2030.
"Growing demand for electronic devices surge market demand"
The rising demand for electronic devices, including smartphone , tablets, laptops, and wearables, drives the need for scratch-resistant glass solutions. As consumers rely more on these devices for various tasks and entertainment, screen protection becomes crucial to ensure durability and longevity. Scratch-resistant glass is favored for its ability to safeguard screens from daily wear and tear, providing users with a seamless and enhanced user experience, ultimately contributing to its growing adoption in the electronics industry.
What restraints the growth of the global scratch-resistant glass market?
" High production costs can impede market growth”
The high production costs of scratch-resistant glass stem from the intricacy of its manufacturing processes and the utilization of advanced coating technologies. These factors lead to elevated expenses, which in turn impact the final product pricing. As a consequence, scratch-resistant glass may become less accessible to certain consumer segments, particularly those with budget constraints. The cost considerations can also influence market competitiveness and may necessitate manufacturers to explore cost-effective solutions to enhance market accessibility.
Segmentation: Global Scratch-Resistant Glass Market
The scratch-resistant glass market is segmented on the basis of product type and application.
- On the basis of product type, the scratch-resistant glass market is segmented into chemically-strengthened glass, sapphire glass
- On the basis of application, the scratch-resistant glass market is segmented into smartphones and tablets, automotive, interior architecture, electronics
Regional Insights: North America dominates the Global Scratch-Resistant Glass Market
North America's dominant position in the scratch-resistant glass market can be attributed to its technological advancements and innovations. The region's continuous pursuit of new technologies and product developments has positioned it as a frontrunner in the market, driving higher market share and revenue. As North America continues to adopt and integrate new technologies into various industries, the demand for scratch-resistant glass solutions is expected to grow further, further bolstering the market's growth in the region.
Asia-Pacific is projected to be the fastest-growing region in the scratch-resistant glass market from 2023 to 2030 due to its increasing population. The region's rising population leads to a larger consumer base, driving demand for electronic devices and automotive applications, which use scratch-resistant glass extensively. Additionally, the region's economic growth and increasing disposable incomes in various countries create a favorable environment for consumer electronics and automotive sectors, further boosting the market's growth in Asia-Pacific.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-scratch-resistant-glass-market
The Prominent Key Players Operating in the Global Scratch-Resistant Glass Market Include:
- Nippon Sheet Glass Co., Ltd., (Japan)
- Saint-Gobain (France)
- Sisecam (Turkey)
- SCHOTT AG (Germany)
- Taiwan Glass Ind. Corp. (Taiwan)
- Xinyi Glass Holdings Limited., (China)
- AGC Inc., (Japan)
- Central Glass Co. Ltd., (Japan)
- Cardinal Glass Industries, Inc., (U.S.)
- China Glass Holdings Limited (China)
- GUARDIAN INDUSTRIES (U.S.)
- Fuyao Glass Industry Group Co., Ltd., (China)
- Saint-Gobain (France)
- Beijing Northglass Technologies Co. Ltd., (China)
- arcon Flach- und Sicherheitsglas GmbH & Co. KG (Germany)
- Dellner Romag Ltd., (UK)
- Qingdao Tsing Glass Co. Limited (China)
- Guangzhou Topo Glass Co., Ltd., (China)
Above are the key players covered in the report, to know about more and exhaustive list of global scratch-resistant glass market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Scratch-Resistant Glass Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
