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.