The global Ultra-Thin Glass Market size is expected to reach US$ 33.45 billion by 2027 and is expected to grow at an impressive double-digit rate of 10.7% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Ultra-Thin Glass Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Ultra-thin glass refers to a high-end glass that possesses minimum thickness compared to other types of glasses. It is very thin even thinner compared to a single human hair strand hence offer advantages over other substrate materials that include metals, plastics, or silicon. It also provides superior optical quality, chemical consistency, temperature stability, and mechanical resistance in wide range of applications.
Why should you invest in this report?
If you are aiming to enter the global Ultra-Thin Glass Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Ultra-Thin Glass are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Ultra-thin glasses are extensively used in numerous consumer electronic devices that include LED, LCD, OLED displays, and many others. Further, these glasses have wide applications in advanced packaging, electrochromic windows and mirrors owing to their availability in variable sizes ranging from micrometers to millimeters. Further, increasing demand for touch panel displays, foldable smartphones, and roll able batteries expected to create alluring opportunities for the market growth over the upcoming years. The above mentioned products are in their development phase and are yet far away to be introduced in the market; however, increased Research & Development (R&D) in the product development and fast changing consumer preferences has motivated manufacturers to enhance the development process. This expected to be a key factor that propels the market growth for ultra-tin glasses as it helps significantly in the development of these devices.
Apart from positive side of the market, high cost of raw materials along with the complex manufacturing processes estimated to hamper the market growth. However, increasing implementation of ultra-thin glasses in solar panels and other products predicted to flourish the market growth over the analysis period. Solar being the most trending renewable energy generation alternative has opened several attractive opportunities for the manufacturers of ultra-thin glasses.
Report Highlights
- The Asia Pacific was accounted as the largest region with a volume share of approximately 72% in 2019 mainly attributed to high demand for flat panel displays particularly in India, China, and South Korea
- Europe projected to witness prominent growth rate of around 6.5% in terms of value over the upcoming years due to propelling demand for solar energy, LEDs, LCDs, and automotive sectors
- Flat panel displays held the largest market share and accounted for a volume share of around 40% in 2019 mainly because of growing demand from consumer electronic devices
- Automotive glazing expected to offer attractive growth over the upcoming years mainly due to increasing demand for light-weight materials in the sector along with high production rate
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Key Market Players and Strategies
The ultra-thin glass industry is highly competitive in nature because of the presence of large number of global and regional market players. Further, these market participants are mainly focusing towards expanding their capacity across the globe in account to grab the major market of end-use industries. This strategy expected to enhance the footprint on a global scale as well as offer them a competitive advantage over their competitors. For instance, in December 2019, CSG Holding Co., Ltd started the construction of a kiln for the production of ultra-white special glass and ultra-white electronic of 0.33 to 1.1mm thickness that are majorly used in tempered protective glass for electronic displays of mobile phones.
Some of the key players operating in the market are Corning Incorporated, AGC Inc., CSG Holding Co., Ltd., SCHOTT AG, Nippon Electric Glass, Luoyang Glass Company, Xinyi Glass, Changzhou Almaden, Nippon Sheet Glass Co., Ltd, and Emerge Glass among others.
Major Market Segments Covered:
By Application
- Automotive Glazing
- Semiconductors
- Flat Panel Displays
- Others
Regional Analysis:
The geographical analysis of the global Ultra-Thin Glass Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Ultra-Thin Glass Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Ultra-Thin Glass Market in 2027?
- What is the expected CAGR for the Ultra-Thin Glass Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Ultra-Thin Glass Market?
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