Scratch-Resistant Glass and Coating Market for Consumer Electronics

The global scratch-resistant glass and coating market for consumer electronics is poised to grow by USD 4.49 billion during 2020-2024, progressing at a CAGR of almost 16% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic.

The field of consumer electronics is rapidly developing, and this is one of the key factors that will drive the growth of the global scratch-resistant glass and coating market during the forecast period. The growing demand for consumer electronics due to factors such as the rising number of dual-income households, growing awareness of the benefits of advanced technologies, and the advent of improved communication and information technologies, will lead to the growth of the market in focus.

Report Highlights:

• The major scratch-resistant glass and coating market for consumer electronics growth came from the chemically strengthened glass segment in 2019 and it is estimated to retain its position during the forecast period.

• APAC was the largest scratch-resistant glass and coating market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the rising demand for scratch-resistant glass and coatings from smartphones and tablets manufacturers.

• The global scratch-resistant glass and coating market for consumer electronics is fragmented. AGC Inc., Corning Inc., Diamond Coatings Ltd., Koch Industries Inc., Kyocera Corp., Nippon Electric Glass Co. Ltd., SCHOTT AG, SDC Technologies Inc., Sino-American Silicon Products Inc., and Targus Inc. some of the major market participants. To help clients improve their market position, this scratch-resistant glass and coating market for consumer electronics forecast report provides a detailed analysis of the market leaders.

• As the business impact of COVID-19 spreads, the global scratch-resistant glass and coating market for consumer electronics 2020-2024 is expected to have a neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

Consumer Electronics with Advanced Features will be a Key Market Trend

Technological factors will play a key role in this industry during the forecast period. Key competitors are adopting strategies such as omnichannel retailing, improved promotion initiatives, strategic collaborations with platform and internet providers, and commercialization of consumer electronics to emphasize improved technologies and design innovative electronic gadgets by using scratch-resistant glass and coatings. These advancements will be a key trend that will result in the growth of this industry during the forecast period.