Growth opportunities in the Ultra-Thin Glass Market look promising over the next six years. This is mainly due to the surge in demand for highly flexible materials and the increasing sale of automotive vehicles led by the mounting disposable income.
Ultra-Thin Glass Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global ultra-thin glass market is forecasted to experience significant growth in the near future. Some of the crucial drivers contributing to the market growth are the augmented implication of lighter material across several industries along with their rising demand from electric and electronic sectors because of its features such as surface smoothness, transparency, and flexibility. In addition, their growing application in solar and healthcare products will further strengthen the ultra-thin glass market size. Also, the accelerating penetration of smartphones and smartwatches is expanding the market share as new manufacturers are constantly entering the market to serve the fuelling demand for the product. However, the complicated manufacturing procedure and excessive capital investments because of the technological expansion and demand for sophisticated products to meet the requirement of glass products are restricting the entry of new entrants in the market, which is thereby hindering the market growth.
Application Segment Drivers
Based on the application, touch panel displays are projected to expand at a higher CAGR during the forecast period. This is primarily attributed to their extensive usage in smartphones, TVs, wearable devices, and signage to reduce the overall weight of the electronic product. Also, the increasing demand for smartphones and TVs will propel market growth. Rapid digitalization is another important factor driving market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to dominate the market during the forecast period. This is because of the increased demand from end-user industries such as consumer electronics, automotive, biotechnology, especially in developing economies such as China, Japan, and India. On the other hand, Europe is expected to grow at a faster CAGR over the forecast period. This mainly due to the fuelling demand for LCDs, LEDs, solar energy, and automotive sectors. In accordance with the Solar Power Europe, European’s renewable target was to reduce the greenhouse emission by 40%. This will further supplement the market growth.
Ultra-Thin Glass Market’s leading Manufacturers:
- Aeon Industries
- Luoyang Glass
- Xinyi Glass
- Corning
- Schott
- Nippon Sheet Glass
- Emerge Glass
- CSG Holding
- Central Glass
- Asahi Glass
Ultra-Thin Glass Market Segmentation:
Segmentation by Manufacturing
- Float
- Fusion
Segmentation by Application
- Semiconductor Substrate
- Touch Panel Displays
- Fingerprint sensors
- Automotive Glazing
- Others
Segmentation by End-Use Industry
- Consumer Electronics
- Automotive
- Biotechnology
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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