Ultra-Thin Glass Market to Reach US$ 33.45 Bn by 2027

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Precedence Research’s latest report on the global ultra-thin glass market provides an analysis for the period of 2017 to 2030, wherein, 2020 is the base year, 2017 and before is historical data, and 2021 to 2030 is the forecast period.

The global ultra-thin glass market size is projected to reach US$ 33.45 Billion by 2027, rising at a market growth (CAGR) of 10.7% during the forecast period.

Precedence Research provides an in-depth analysis of market size, share analysis, Industry growth, market valuation, market dynamics which includes drivers, restraints, opportunities, trends, challenges, market segmentation, competitive landscape, regional and country breakdowns, and strategies for ultra-thin glass market. The study reviews the global industry by-products or services offered, downstream fields, end using customers, historic data figures regarding revenue and sales, market context, and more.

The report comprises a detailed value chain analysis, which provides a comprehensive view of this market. The Porter’s Five Forces model for the global market has also been included to help understand the competitive landscape. The study covers market attractiveness analysis, wherein resin types are benchmarked based on their market value, growth rate, and general attractiveness.

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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.

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

Key Players of the global ultra-thin glass market are:

  • Corning Incorporated
  • AGC Inc.
  • CSG Holding Co., Ltd.
  • Nippon Electric Glass
  • Luoyang Glass Company
  • Xinyi Glass
  • Changzhou Almaden
  • Nippon Sheet Glass Co., Ltd
  • Emerge Glass

Segments Covered in the Report:

Market Segment

By Application

  • Automotive Glazing
  • Semiconductors
  • Flat Panel Displays
  • Others

Regional Segment

  • North America (United States, Canada)
  • Europe (Germany, France, UK,  Italy, Russia, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia, Korea, and Rest of Asia Pacific)
  • Latin America (Brazil and the Rest of Latin America)
  • The Middle East and Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

Regional Snapshots

The Asia Pacific emerged as the global leader in the ultra-thin glass with a volume share of more than 70% in 2019. Further, the region expected to maintain its dominance over the upcoming years. The prominent growth of the region is mainly because of increasing demand for flat panel displays in application such as LED, LCD, OLED, smartphones, solar panels, automotive, and many more predominantly in developing countries that include India, China, South Korea.

The region is a leading market for consumer electronics that provides it aid for the increasing demand for ultra-thin glasses in the region. In addition to this, flourishing growth of automotive sector in the region as well as rising demand for low-weight materials in automotive industry to enhance their fuel efficiency triggers the growth of ultra-thin glasses over the forthcoming years.

Apart from this, Europe expected to exhibit lucrative growth in the global market because of favorable government policies regarding adoption of solar energy generation. Additionally, the government in the region has also set a renewable target to reduce the greenhouse gas emission by nearly 40% in the region. In favor to this, several countries including Germany, France, Spain, and many others are expanding their solar Photovoltaic (PV) capacity by installing new generation plants. This anticipated triggering the market growth in the forthcoming years.

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Carolina is an author who specializes in covering healthcare, chemical, and the automotive industry. Before joining Market Stats News, Carolina covered some of the biggest companies in Silicon Valley for the San Jose Mercury News. She loves all things French and the written word. Articles by Carolina

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