Vietnam Scratch-Resistant Glass Market is expected to grow at a robust CAGR
Vietnam Scratch-Resistant Glass Market is expected to grow owing to presence of manufacturing facilities and the availability of technology throughout the forecast period.
According to TechSci Research report, “Vietnam Scratch-Resistant Glass Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, Vietnam Scratch-Resistant Glass Market is expected to register robust growth during the forecast period. The automotive industry in Vietnam has been expanding, with both domestic and international manufacturers increasing their production. Scratch-resistant glass is used in automotive applications to enhance the safety and durability of windshields and windows, which has driven demand.
The increasing adoption of smartphones, tablets, and other electronic devices in Vietnam offers a significant opportunity for scratch-resistant glass, as these devices often use such glass to protect screens. As the electronics market continues to grow, so does the demand for scratch-resistant glass. Vietnam's construction industry is thriving, particularly in urban areas. Scratch-resistant glass is used for architectural applications like windows, facades, and partitions. As urbanization and infrastructure development continue, the demand for such glass in the construction sector is expected to increase.
Based on product Type, the Chemically-Strengthened Glass segment is expected to dominate the market during the forecast period. The construction and architectural sectors in Vietnam have been booming, driven by urbanization and infrastructure development. Chemically-strengthened glass is favored in modern architectural designs for its durability and aesthetic appeal. From skyscrapers to commercial buildings and residential complexes, the use of this glass in facades and interior applications has been on the rise. This trend is likely to continue as Vietnam's construction industry remains robust. The chemically-strengthened glass segment in Vietnam is becoming increasingly competitive. Domestic and international players are vying for market share.
Key players such as Asahi Glass, Corning Inc., and Nippon Electric Glass are actively participating in the market. This competition has led to technological advancements, improving the quality and features of chemically-strengthened glass, which benefits consumers and industries. The global trends in sustainability and environmental consciousness are influencing the Vietnam Scratch-Resistant Glass Market as well. Consumers are increasingly looking for eco-friendly products, which may prompt manufacturers to adopt greener production processes and materials. The chemically-strengthened glass segment should take note of these global dynamics to remain competitive. Compliance with international quality and safety standards is crucial for manufacturers in Vietnam to access global markets. This entails adherence to specific safety and quality regulations, especially in the automotive and electronics industries.
Based on application, the Interior Architecture segment is projected to dominate the market throughout the forecast period. Vietnamese interior architecture often emphasizes the use of natural light. Scratch-resistant glass is a key component in achieving this goal. Large glass windows, skylights, and glass partitions allow natural light to flow through spaces, creating a bright and airy atmosphere. This integration of natural light aligns with both aesthetic and energy efficiency considerations. Sustainability is a growing concern in the interior architecture segment. Scratch-resistant glass can be manufactured using eco-friendly processes, and its transparency allows it to be incorporated into energy-efficient building designs. The ability to recycle and repurpose glass materials makes it an attractive choice for eco-conscious interior architects and developers.
Advances in glass technology, such as the development of smart glass with adjustable transparency, are influencing interior architecture in Vietnam. These innovative solutions provide privacy and control over the level of transparency, offering additional options for interior design. As smart glass technology becomes more accessible, it is expected to play a larger role in interior architecture. Interior architecture in Vietnam faces challenges related to sustainability, quality control, and skilled labor. However, these challenges present opportunities for innovative firms to develop sustainable and cost-effective solutions. Additionally, the growing interior architecture market creates opportunities for local architects, designers, and glass manufacturers to collaborate and meet the evolving demands of the market. Interior architecture projects in Vietnam must adhere to safety and construction regulations. Compliance with these standards is crucial to ensure the safety of occupants and the longevity of interior architectural designs.
Key market players in the Vietnam Scratch-Resistant Glass Market are:-
- Asahi Glass (AGC)
- NSG Group
- Xinyi Glass
- Nippon Sheet Glass (NSG)
- Guardian Glass
- Schott AG
- Central Glass
- Vedan Enterprise Corporation
- Viglacera Corporation
- Cuong Nhuong Glass Vietnam Co., Ltd.
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“The Vietnam Scratch-Resistant Glass Market in Southern Vietnam is poised to be the dominant force in the industry. Southern Vietnam, particularly Ho Chi Minh City, is the economic hub of the country. The region has experienced rapid economic growth and urbanization, which has led to an increased demand for scratch-resistant glass. This demand arises from both residential and commercial sectors, where urban development and construction projects are on the rise.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Vietnam Scratch-Resistant Glass Market Segmented By Product Type (Chemically-Strengthened Glass and Sapphire Glass), By Application (Smartphones & Tablets, Automotive, Interior Architecture and Others), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Vietnam 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 Vietnam Scratch-Resistant Glass Market.
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