Scratch-Resistant Glass Market - Forecast(2022 - 2027)

Scratch Resistant Glass Market Overview

COVID-19 has brought effects on many aspects, like massive slowing of the supply chain, falling business confidence and uncertainty about the future. Scratch resistance glass mainly used in smartphones, LEDs, and other electronic gadgets, which driving fast changes in market landscape. In accordance to the China Academy of Information and Communications Technology (CAICT), smartphone market sales dropped 10% in May 2020 to 32.6 million, and 16% in June 2020 to 27.7 million. Hence, due to lockdown the market is negatively impacted because of material supplement.

Report Coverage

Key Takeaways

• Asia-Pacific dominates the scratch glass market owing to increasing demand from electronic sector for various devices such as smart phone, tablets, LEDs, medical devices, and more.
• According to the India Brand Equity Foundation (IBEF), India’s medical device market is expected to increase at a CAGR of 35.4% to reach Rs. 352,450 crore (US$ 50 billion) in 2025 from Rs. 77,539 crore (US$ 11 billion) in 2020.
• The growing adoption of thermal expansion of chemical strengthen glass and sapphire glass due to and thickness, is likely to aid in the market growth of fuel additives.
• Increasing adoption of anti-scratch glass such as soda lime silicate due to excellent durability and less likely to break upon impact will increase the market demand for scratch resistant glass market.
• Additionally, polycarbonate lenses are inherently blocking 100% of UV rays, without requiring additional coatings and also lighter than glass lenses, hence increasing demand for polycarbonates lenses from sunglasses industry is also contribute in the demand of scratch resistant glass.
  
  

  Figure: APAC Scratch Resistant Glass Market Revenue, 2021-2026 (US$ Billion)

  
  

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Scratch Resistant Glass Market Segment Analysis – By Material

Silica material type segment held a significant share in the scratch resistant glass market in 2020 due to excellent transmission of light in the visible region. The porous silica rich layer improvers the scratch resistant of the glass surface to be treated by immersion, spraying, and spinning. Silica, soda, and lime makes soda lime silicate which useful in variety of industries, including the consumer goods manufacturing, electronics equipment, and more. Hence, due to various properties of silica like high strength, tunable, cost effective, and long-term stability the market growth of scratch resistant glass tends to rising continuously.

Scratch Resistant Glass Market Segment Analysis – By Type

Chemically strengthened glass segment held the largest share in the scratch resistant glass market in 2020 due to its wide usage in smartphones, watch, LED, and optical windows. It provides strength and damage resistance to smartphones and other devices and maintains its original elegance much longer. This glass mostly used in interior architectural because of high transparency and easy to clean. Also chemically strengthened glass has been used for computer hard disks and pharmaceutical devices. Chemical strengthened glass is used in a various transportation application such as boat windshield, railcar windshields, and airplane windshields. Because of thermal shock of chemical strengthened better than conventional laminated, tempered glass, and semi tempered glass, will boost the growth of the scratch resistant glass market.

Scratch Resistant Glass Market Segment Analysis – By Application

Electrical and electronics have been the primary market for scratch resistant in 2020 and is growing at a CAGR 9.5% during 2021-2026. This glass is very durable and avoids minor damages and scratches. Scratch resistant glass is more lightweight laptops and tablets with exceptional visual quality, while providing damage and scratch resistant from everyday handing and use. Scratch resistance glass such as sapphire glass, soda lime silicate and polycarbonate lenses are providing permanent protection form UV rays and excellent clarity. Hence, increasing consumption for wearable devices with ultimate combination of protection and performance that increases the demand of scratch resistant glass. In September 2020, Apple Inc. launched Apple Watch Series 6 (blood oxygen sensor) and Apple Watch SE, two iPad models, iPhone. Apple Watch brings significant developments in health and wellness features to iPhone, iPad, and Apple TV. Apple Watch Series 6 measures the oxygen saturation of blood for a better understanding of fitness and wellness. Hence, growing expansion from wearable market is expected to grow the market size during this era.

Scratch Resistant Glass Market Segment Analysis – By Geography

Asia Pacific dominated the scratch resistant glass market in 2020 with share of 30%, due to increasing demand of scratch resistant glass for smartphone, smart watches, LED, tablets, and medical devices in Asian countries such as India, China, Japan, and more. The growing adoption of sapphire glass in electronics application is expected to further drive the growth of the market in the region. In accordance to India Cellular & Electronics Association (ICEA), India has the competence to knock the door of a value of US$ 100 billion in manufacturing of laptops and tablets by 2025. According to Invest India, the medical device sector is likely to reach US$65 billion by 2024 and also expected to export medical devices approximately US$10 billion by 2025. Thus, increasing exportation and manufacturing of electronic devices is also increasing the demand for scratch resistance glass in upcoming years.

Scratch Resistant Glass Market Drivers

Increasing Adoption of Advanced Technology

Increasing adoption of advanced technology by smartphone, smart watch, tablets, and LED manufactures is expected to grow the growth of scratch resistant glass market. Sapphire glass provides clarity with high quality, screen protection, damages protection, and high durability. India’s big tech companies innovated a new gadget like smart watch FitX pro that incorporates a variety of features such as high quality and extreme durability. FitX pro watch works such as health monitor, fitness band, to measure blood pressure, blood oxygen level, heart rate, and BPM (beats per minute). However, increasing demand for scratch resistant glass for new technology and polycarbonates lenses from sunglasses industry will boost the consumption of scratch resistant glass.

Regular Creative Promotions in Electronics Market

Regular creative promotions in electronic equipment such as 5G smartphones and anti-resistant smart watch is expected to grow the market growth of scratch resistant glass market. China is developing 6G smartphone in coming years, which will increase the consumption of smartphone. With high consumption of new technologies, the market demand will be increasing due to manufacturers are used soda lime silicate glass in smartphones, smart watches and LEDs for high clarity and extreme durability. Additionally, production of new technology along with production of smart gadgets will increase the demand of the scratch resistant glass market. According to India Brand Equity Foundation (IBEF), Television industry in India is projected to reach Rs. 955 billion (US$ 13.66 billion) by 2021 and 1,227.34 billion (US$ 17.56 billion) by 2022. Hence, increasing demand of technologies will also increasing usage of scratch resistance glass market.

Scratch Resistant Glass Market Challenges

High Production Cost

Regular innovations can hamper the growth of the market of scratch resistant glass market as scratch resistant glasses are expensive more than normal glasses. Also, polycarbonate lenses are more expensive than plastic glasses and more cost effective than Trivex lenses due to excellent durability. Hence, these glasses require higher production cost and time consuming which is limiting the market growth of scratch resistant glass.

Impact of COVID-19

Due to COVID-19 pandemic the scratch resistance glass market growth is rapidly decreased. Now a days electronics gadget are also basic needs but due to lockdown all production were held which is hampering market growth. According to the China Academy of Information and Communications Technology (CAICT) the overall revenues of consumer devices such as smartphones and TVs were dropped 6% YoY and 4% QoQ in Q2 2020.

Scratch Resistant Glass Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the scratch resistant glass market. Major players in the Scratch resistant glass markets are Corning Incorporated, Asahi Glass, Nippon Electric Glass, Guradian Industries, Schoot AG, Monocrystal, Rubicon Technology, Kyocera Group, Crytalwise Technology, Inc., Edmund Optics Inc., and among others.

Acquisitions/Technology Launches

• In July 2020, Corning Incorporated Company announced Corning^® Gorilla^® Glass Victus™; it improves ability of smartphones and to prevent from scratches. Corning’s newest generation of Gorilla Glass is not just better at withstanding drops.

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