|
Forecast Period
|
2025-2029
|
|
Market Size (2023)
|
USD 559 Million
|
|
Market Size (2029)
|
USD 1009.70 Million
|
|
CAGR (2024-2029)
|
10.21%
|
|
Fastest Growing Segment
|
Automotive
|
|
Largest Market
|
West India
|
India Scratch-Resistant
Glass market is expected to increase during the forecast period, owing to the rising
demand for scratch-resistant glass in consumer electronics, automotive, and
other type of applications.
Scratch-Resistant
Glass is a type of glass which is less susceptible to scratches than
conventional glass. With the use of technology, the glass is improved with a
diamond-like layer on one side and that offers several advantages such as less
prone to scratches, increase hardness etc. Moreover, scratch-resistant glass is
widely used in applications including kitchen and bathroom, furniture design,
shop and laboratory fittings, partition walls, sliding doors, interior glass
doors, interior glass doors, wall panels, lifts, balustrades, etc.
Increasing Penetration of Smartphones:
India’s economy is boosting due to the
increasing smartphone usage, internet penetration and social media usage. The rapidly
rising smartphone industry in India creates huge sales and production of
high-quality smartphones and the growing preference of individuals towards the
highly products and beneficial specifications, which will create the ample
opportunities for the growth of market because smartphones are susceptible to
scratches, which reduces the overall look after being damaged and scratched.
This will help manufacturers in delivering a better user experience since the
consumers do not have to expend on aftermarket repair services.
Rising
Government Incentive is Stimulating the Green Building Projects
Constructors are using scratch-resistant glasses
such as clear glass as a major component in the construction of green
buildings, as clear glass is known to be an excellent green material. Clean
windows reflect heat or UV rays to maintain an optimal temperature inside the
building. Clean glass in buildings also substantially reduce the need for
artificial lighting and allows daylight to make the interiors airy and more
open. There is a significant upsurge in green building project investments. For
instance, the Indian Green Building Council (IGBC) is collaboratively working
with various state and central government agencies to promote green building
movement across the country by giving loans to IGBC-rated green building
projects. In addition to this, in 2017 the Small Industries Development Bank of
India (SIDBI) is introduced which will provide financial support at lower rates
to all IGBC-rated green construction projects in the MSME sector. The Indian
Green Building Council (IGBC) predicts that by 2025, India will have 100,000
green buildings. Thus, government incentives are boosting green building
projects across the country and the construction of energy-efficient green
buildings will increase in the coming years, driving the scratch-resistant glass
market.