Saudi Arabia Scratch-Resistant Glass Market to Grow at a high CAGR until 2028
The growing automotive industry,
along with the increasing demand for consumer electronic devices, is expected
to propel the growth of Saudi Arabia Scratch-Resistant Glass Market during the
forecast period 2024-2028.
According to TechSci Research
report, “Saudi Arabia
Scratch-Resistant Glass Market - By Region, Competition Forecast & Opportunities, 2018-2028,” the Saudi
Arabia Scratch-Resistant Glass Market is anticipated to
register a robust growth during the forecast period, 2024-2028 due to rising disposable
income, technological advancements, government initiatives like Saudi Vision
2030, the Housing Program, new product developments, and a growing automotive sector.
Furthermore, the demand for products in the automobile and electronics sectors
has 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 used more frequently as a durable building material
in doors, windows, facades, skylights, etc. Additionally, remodeling activities
across the Kingdom have led to the replacement of the traditional glass with scratch-resistant
glass in both residential and commercial infrastructures. Moreover, the rising
usage of scratch-resistant glass for automobile manufacturing, owing to its less
prone to scratch and high strength properties, further catalyzes the market
growth.
Furthermore, along with
the temporary shutdown of automotive manufacturing facilities and building
construction, primarily residential construction, as a result of the
government-imposed lockdown, the declining automotive industry also contributed
to a decrease in the consumption of scratch-resistant glass products like
vehicle glasses, building window glasses, and other glass products during the
pandemic situation. The demand for scratch-resistant glass was adversely
affected by this. But as more people choose to work remotely online, demand for
laptops and PCs has skyrocketed. The demand for displays with scratch-resistant
glass has increased as a result, which has aided the Saudi Arabia
Scratch-Resistant Glass Market.
Moreover, Saudi Arabia
construction industry is predicted to increase during the forecast period because
under the National Transformation Program (NTP) 2020 and the Saudi Arabia
Vision 2030, the Saudi Arabia government is proposing to build up manufacturing
facilities, seaports, airports, etc. which will produce demand for glass in the
construction and consumers inclination & improvement in scratch-resistant glass
industry will boost the demand for Scratch-Resistant Glass in Saudi Arabia.
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" Saudi Arabia Scratch-Resistant Glass Market "
Saudi Arabia
Scratch-Resistant Glass Market is segmented into product type, application, regional distribution and
competitive landscape.
ant Glass Market because chemically strengthened glass
offers a variety of unique advantages over other type of glasses. The chemically
strengthen glass is much stronger than the heat-treated glass and provides a
higher degree of break resistant, it exhibits a higher degree of resistant to
abrasion, impact and pressure, greater versality, temperature resistance and
superior quality. This type of glass also helps in enhancing the aesthetics of
the devices and have enhanced usage in electronic gadgets and smartphones.
On the basis of
application, the market for scratch-resistant glass in Saudi Arabia 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 upgrading of operating systems.
Major
market players operating in the Saudi Arabia Scratch-Resistant Glass
Market are:
- Obeikan Glass Company
- Saudi American Glass
Company
- Saudi Arabian Glass Co.
Ltd.
- Guardian Glass
- Glaston
- Arabian United Float
Glass Company
- Turomas S.L.
- Region Glass Factory
- IKK Glass
- INT Glass
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“The Kingdom of Saudi Arabia
is likely to be the fastest growing economy owing to the increasing penetration
of consumer electronics, growing demand for interior architecture services,
rising residential and commercial spaces, which has positively impacted the
growth of Saudi Arabia Scratch-Resistant Glass Market. This is because of the
numerous advantages offered by the scratch-resistant glass, such as improvement
in hygiene, high degree of transparency, easy-to-clean and longer lifespan of
glass.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Saudi Arabia 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, 2018-2028,” has evaluated the future
growth potential of Saudi Arabia 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 Saudi Arabia Scratch-Resistant Glass Market.
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