India Scratch-Resistant Glass Market to Grow at a High CAGR until 2028
Increasing automotive
industry along with the growing demand of consumer electronic devices are
expected to propel the growth of India Scratch-Resistant Glass market during
the forecast period of 2024-2028.
According to TechSci Research
report, “India Scratch-Resistant
Glass Market - By Region, Competition Forecast &
Opportunities, 2018-2028F, the India
Scratch-Resistant Glass market is anticipated to register a robust growth
during the forecast period, 2024-2028” due to the factors
including rising disposable income, technological advancements, government
initiatives like Pradhan Mantri Awas Yojana (PMAY) scheme and the Housing for
All by 2022, new product developments, and a growing automotive sector. Furthermore,
the demand for products in the automobile and electronics sectors has also been
spurred by the growing knowledge of a number of structural features, including
durability, thermal shock resistance, tensile strength, etc. Additionally, due
to the construction industry's rapid development, scratch-resistant glass is
being used more frequently as a durable building material in doors, windows,
facades, skylights, etc. Additionally, remodeling activities across the country
has also led to the replacement of traditional glass with scratch-resistant
glass in both residential and commercial infrastructures. Moreover, the rising
usage of scratch-resistant glass for automobile manufacturing, because of it
being less prone to scratch and high strength properties, are further
catalyzing the market growth.
Furthermore, during the
COVID-19 pandemic the temporary shutdown of automotive manufacturing facilities,
building construction, residential construction due to the government lockdown
decreases the manufacturing activities in automotive industry and construction
activities, which negatively affects the India scratch-resistance glass market.
But as more people choose to work remotely online, the demand for laptops and
PCs has skyrocketed. The demand for displays with scratch-resistant glass has
increased as a result, which has aided the India Scratch-Resistant Glass
Market.
Moreover, India construction
industry is projected to grow during the forecast period. Under the Make in
India initiative, the government is planning to develop manufacturing
facilities, seaports, airports etc. which will generate the demand for
Scratch-Resistant Glass in India.
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India
Scratch-Resistant Glass Market is segmented into by product type, by application, and by region.
On the basis of
product type, chemically strengthened glass is expected to dominate the India
Scratch-Resistant Glass Market because chemically strengthened glass offers a
variety of unique advantages such as high degree of break resistance, greater
versatility, higher level of thermal resistance, higher degree of resistance to
abrasion, impact, and pressure, etc. Moreover, this type of glass also helps in
enhancing the aesthetics of the devices and have increased usage in electronic
gadgets and smartphones.
On the basis of
application, the market for scratch-resistant glass in India is predicted to be
dominated by smartphones and tablets due to factors like rising disposable
income, expanding telecom infrastructure, the appearance of smartphones aimed
at lower price points, and an increase in the number of product launches.
Additionally, the market for smartphones is expanding quickly due to a number
of factors, including decreased product costs, enhanced handset functionality,
the expansion of mobile email and browsing services, the emergence of 4G and 5G
network technologies, increased competition among mobile carriers, and the
standardization and upgradation of operating systems.
Major
market players operating in the India Scratch-Resistant Glass market are:
- Asahi India Glass
Limited.
- Borosil Renewables Ltd.
- Saint-Gobain Sekurit
India Ltd
- La Opala RG Ltd
- FUSO Glass India Pvt Ltd
- Glass Wall Systems India
Pvt Ltd
- Gold Plus Glass Industry
Ltd
- Sisecam Flat Glass India
Pvt Ltd.
- SCHOTT Glass India Pvt
Ltd
- Zenith Safety Glass Co.
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“India is likely to be the
fastest growing economy due to the increasing penetration of consumer
electronics, growing demand for interior architecture services, and rising
residential and commercial spaces. These
factors have positively impacted the growth of India Scratch-Resistant Glass
Market. In addition, numerous advantages offered by the scratch-resistant glass
includes improvement in hygiene, high degree of transparency, easy-to-clean and
longer lifespan of glass. Moreover, India have shown a rapid increase in
smartphone users in the recent past that is expected to continue over the
forecast period.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India Scratch-Resistant Glass Market By Product Type (Chemically
Strengthened Glass and Sapphire Glass), By Application (Automotive, Interior
Architecture, Smartphones & Tablets, Consumer Electronics and Others), By Region,
Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future
growth potential of India Scratch-Resistant Glass Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Scratch-Resistant Glass Market.
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