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The Scratch-resistant Glass and Coating Market for Consumer Electronics size is forecast to increase by USD 2.60 billion, at a CAGR of 10.48% between 2023 and 2028. The growth rate of the market depends on several factors, including the growing demand for electronic displays, the multiple benefits of scratch-resistant glass and coating, and the rising demand for premium consumer electronics.
The report offers extensive research analysis on the market, with a categorization based on Type, including chemically strengthened, sapphire, and others. It further segments the market by Product, encompassing smartphones and tablets, laptops and notebooks, wearables devices, gaming console, and others. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
Scratch-resistant glass and coatings for consumer electronics encompass specialized materials and protective layers designed to mitigate surface damage on electronic device screens. These technologies are engineered to enhance the durability of screens, reducing the impact of scratches, smudges, and abrasions caused by everyday use. Scratch-resistant glass, often tempered for increased resilience, combined with protective coatings such as oleophobic or hydrophobic layers, forms a robust defense against scratches and marks. By safeguarding against surface blemishes, these solutions aim to preserve the visual clarity and functionality of consumer electronic devices, extending their longevity and user satisfaction.
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Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the multiple benefits of scratch-resistant glass and coating. The growing demand for innovative consumer electronics, especially smartphones and tablets, is resulting in rapid changes in the market landscape. In addition, smartphones and tablets have become inevitable, and their everyday use poses a risk of damage. Thus, key manufacturers are focusing on developing multifunctional products.
For instance, Corning Inc. Gorilla Glass coating is chemically strengthened to withstand scratches and impacts. Moreover, it does not add extra weight to the device as it is extremely sleek and does not interfere with the touchscreen. In addition, AGC Inc's Dragontrail Glass survives multiple falls and impacts. Furthermore, these features of scratch-resistant glass and coating attract manufacturers of consumer electronic devices. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the increasing investments by key competitors in R&D activities. Several prominent players are investing heavily in R&D activities to gain a competitive edge. In addition, they are concentrating on developing technology standards through these activities. Furthermore, a significant increase in R&D investments to design and develop innovative products has been observed in the past four to five years.
Moreover, realizing the growth potential of the market, key competitors such as Diamond Coatings Ltd., Koch-Chemie GmbH, Targus Inc., and Nanofilm Technologies International Ltd. have increased their investments in R&D for home appliances. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Stringent regulations on scratch-resistant glass and coating are one of the key challenges hindering market growth. The global scratch-resistant glass and coating market for consumer electronics adheres to stringent regulations to ensure high-quality, durable products for consumers. In addition, these regulations are crucial for maintaining standards and ensuring the performance and longevity of scratch-resistant glass and coatings on electronic devices.
Moreover, one notable regulatory aspect is the requirement for scratch-resistant glass and coating materials to undergo rigorous testing and certification processes. In addition, regulatory bodies in various countries may stipulate specific standards that products must meet to be deemed safe, reliable, and effective. Hence, such factors are negatively impacting the market which in turn hinders the market growth during the forecast period.
The chemically strengthened segment is estimated to witness significant growth during the forecast period. The chemically strengthened segment is crucial for ensuring durable and resilient display solutions. In addition, chemically strengthened glass is a significant component in the consumer electronics sector, particularly for smartphones, tablets, smartwatches, and other handheld devices. Furthermore, this segment has witnessed substantial growth due to the increasing demand for robust and scratch-resistant displays in electronic devices.
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The chemically strengthened segment was the largest segment and was valued at USD 1.68 billion in 2018. Moreover, one key player in this segment is Corning Inc., renowned for its Gorilla Glass, which is widely used in various electronic devices. In addition, Gorilla Glass is chemically strengthened to enhance its durability and scratch resistance, providing a high level of protection for electronic device displays. Therefore, this has made it a popular choice for leading smartphone manufacturers. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the product, the market has been segmented into smartphones and tablets, laptops and notebooks, wearables devices, gaming console, and others. The smartphones and tablets segment will account for the largest share of this segment. The smartphone and tablets segment is characterized by a growing demand for durable and long-lasting display solutions to protect the screens of these devices from scratches, cracks, and other forms of damage. In addition, multiple companies are producing scratch-resistant glass and coating solutions that cater specifically to the needs of smartphones and tablets. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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One of the major reasons for the growth of the market in APAC is the increasing demand for smartphones. In addition, smartphones are available with high-end features at competitive prices in APAC. Moreover, this has increased the demand for smartphones in countries in APAC, such as India, Indonesia, Vietnam, China, Sri Lanka, and Pakistan. Furthermore, the significant development of the urban population in the region, aided by the rise in the disposable income of people, has subsequently resulted in an increased demand for smartphones among customers. In addition, factors including the development of telecom infrastructure and the emergence of budget-centric smartphones are driving the growth of the market in APAC. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
AGC Inc: The company offers scratch resistant glass namely Dragontrail for smartphone, tablet, PC note and car mounted displays.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Allnex GMBH, Anders Electronics PLC, Compagnie de Saint Gobain, Corning Inc., CRYSTALWISE TECHNOLOGY INC., Crystran Ltd., Diamond Coatings Ltd., Edmund Optics Inc., HEF, Koch Industries Inc., Koch-Chemie GmbH, KYOCERA Corp., Mitsui Chemicals Inc., Nanofilm Technologies International Ltd., Nippon Electric Glass Co. Ltd., PPG Industries Inc., Rayotek Scientific Inc., SCHOTT AG, and Targus Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Scratch-resistant Glass and Coating Market for Consumer Electronics Scope |
|
Report Coverage |
Details |
Page number |
184 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.48% |
Market Growth 2024-2028 |
USD 2.60 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.47 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGC Inc., Allnex GMBH, Anders Electronics PLC, Compagnie de Saint Gobain, Corning Inc., CRYSTALWISE TECHNOLOGY INC., Crystran Ltd., Diamond Coatings Ltd., Edmund Optics Inc., HEF, Koch Industries Inc., Koch-Chemie GmbH, KYOCERA Corp., Mitsui Chemicals Inc., Nanofilm Technologies International Ltd., Nippon Electric Glass Co. Ltd., PPG Industries Inc., Rayotek Scientific Inc., SCHOTT AG, and Targus Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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