The Scratch Resistant Glass Market is expected to grow at a CAGR of USD 4,896.8 Million during the forecast period 2028

Reports and data

Increase in demand for scratch-resistant glass in smartphones and tablets

NEW YORK CITY, NY, USA, Jan. 24, 2022 /EINPresswire.com/ — The global scratch-resistant glass market is expected to reach $4,896.8 million by 2028, according to a new report from Reports and Data . The market is growing rapidly as the demand for scratch resistant glass is increasing in the smartphone industries. The revolutionary growth in smartphone industries is directly propelling the scratch resistant market. These goggles have been trending and adding value to mid-range and flagship smartphones. Having paid a high price for flagships, consumers cannot afford an after-market screen replacement if the devices are scratched. In this way, this type of glasses is in great demand among consumers in the smartphone and tablet industries. The Asia-Pacific region is expected to generate the highest revenue of $4.13 billion in 2026, driven by record increases in midrange and high-end smartphone sales in developing economies such as than India and Bangladesh.

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The main participants are Corning Incorporated, SCHOTT AG, AGC Inc., Nippon Electric Glass Co., Ltd., Edmund Optics, Crystalwise Technology, Rubicon Technology Inc., Precision Sapphire Technologies, Ltd., KYOCERA Corporation and Monocrystal.

Other key findings from the report suggest

The smartphone and tablet market held a market share of 28.6% throughout the forecast period. Smartphones and tablets are the biggest users of anti-scratch glasses, as these devices are used as daily drivers and are more likely to get scratched. Mid-range smartphone lines are driving the market.
The head-up displays, dashboards, mirrors, windshields and sunroof, among others, are made by scratch-resistant glasses. Aviation goggles, space helmets, cockpit instruments, canopies and windows also use these goggles. The segment achieved revenue of USD 0.37 billion in 2018. The CAGR is calculated at 10.2% over the period 2019 – 2026.
Due to the harsh environments, in navigation, most often marine glasses are damaged. Discoloration due to exposure to water, moisture absorption in the middle layer, and scratches from ice and salt in the oceans are some of its severe damages. The maritime industry is observing a growth rate of 8.8% over the forecast period and will reach a market share of 11.0% by 2026.
Chemically strengthened glass is made by the surface finishing process, which also combines different minerals to form scratch resistant glass. This segment holds the highest market share of 77.4% in 2018 and is expected to grow at a CAGR of 7.9% during the forecast period.
Above 8.5 includes diamonds and sapphires, which are among the hardest materials available on earth. Sapphire crystal falls into this segment and is said to be the most scratch resistant crystal available today. The segment above 8.5 held a market share of 29.5%, being the most expensive solution on the market.
North America is expected to gain 30.1% market ownership by 2026 with a CAGR of 10.3% during the forecast period.
Europe is expected to witness significant growth in the overall market, with 19.7% market ownership by 2026 and a CAGR of 9.1% during the forecast period.

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For the purposes of this report, the reports and data have segmented the global anti-scratch glass market on the basis of type, applications, hardness scale, end-use industries and region:

Type Outlook (Revenue, USD Billion; 2018-2028)
Chemically strengthened glass
Synthetic sapphire

Application Outlook (Revenue, USD Billion; 2018-2028)
Display screens
Body of electronic gadgets
Automotive Interior & Exterior
Building facade and interior architecture
Aeronautics and marine Interior and exterior
Optical components
Camera lenses
Others

Hardness Scale Outlook (Revenue, USD Billion; 2018-2028)
1 to 7
7 to 8.5
Above 8.5

End-Use Industry Outlook (Revenue, USD Billion; 2018-2028)
Smartphones & Tablets
Consumer goods and electronics
Automotive and aerospace
Building construction
Marine industry
home decoration
Others

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Regional Outlook (Revenue, USD Billion; 2018-2028)
North America
Europe
Asia Pacific
AEM
Latin America

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