Report Code: A02856 | Pages: 275 | ||
Tables: 163 | Charts: 62 |
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The global ultra-thin glass market was valued at $9.5 billion in 2019, and is projected to reach $16.6 billion by 2027, growing at a CAGR of 7.2% from 2020 to 2027.
The COVID-19 outbreak has minimal impact on the ultra-thin glass market as the decline in demand for this glass for consumer electronics products has been recovered by implementation of IoT and increase in demand for various private cars to maintain social distancing.
Ultra-thin glass is a high-end glass, which possesses minimal thickness (below 1 mm). It is thinner than a single human hair strand, thus providing advantages over other substrate materials such as plastics, metals, or silicon. It offers superior optical quality, temperature stability, chemical consistency, and mechanical resistance in all applications. Ultra-thin glass is widely used in the semiconductor industry for electronics application to enable microchips with highest data transfer rates. Additionally, ultra-thin glass is utilized in electronic & optical sensors and energy storage devices.
Increase in demand for various consumer electronics products, such as smartphones and TVs, is expected to drive the ultra-thin glass market growth. Additionally, ultra-thin glass panel is used in various consumer electronics to reduce the overall weight of the product. Furthermore, changing lifestyle and increasing disposable income of consumers increase the sale of automotive vehicles, which further enhances the market growth. Ultra-thin glass is widely used in car interiors and sensors. However, high cost of raw materials and availability of low cost alternatives, such as plastics, may restrict the market growth. Furthermore, ultra-thin glass can be shattered easily, unlike plastic-based displays. Surge in usage of ultra-thin glass in solar products is expected to create lucrative opportunities for the market players.
The global ultra-thin glass market is segmented on the basis of thickness type, application, and region. On the basis of thickness type, it is divided into <0.1mm, 0.1mm-0.5mm, and 0.5mm-1.0mm. Based on application, it is categorized into consumer electronics, automotive & transportation, medical & healthcare, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players have adopted product launch, collaboration, and acquisition to sustain the intense market competition. For instance, in March 2018, AGC developed an ultra-thin flexible cover glass with 0.07 mm thickness which is suitable for foldable devices. This expanded company’s product portfolio in foldable OLEDs market. Some of the key players profiled in the report include Corning Inc., AGC Inc., Nippon Electric Glass, Schott AG, Nippon Sheet Glass, CSG Holding, and Central Glass Co., Ltd.
Asia-Pacific accounted for a significant ultra-thin glass market share. This is attributed to growing application of ultra-thin glass in various consumer electronics and automotive industries in emerging nations such as China, India, and South Korea. China being the world leader in automotive unit production has huge demand for ultra-thin glass in various automotive interior panels. Additionally, presence of major players, such as AGC Inc. and Nippon Sheet Glass, is expected to further drive the market growth. North America is expected to witness steady market growth, owing to rise in disposable income of consumers and robust investments from industry players.
Ultra-thin glass with thickness of 0.1mm-0.5mm accounted for significant revenue share, owing to rise in demand for touch panel display, fingerprint sensor, semiconductor substrate, and vehicle infotainment system. Such glass provides excellent heat resistance for smartphones, tablets, and LCD.
The consumer electronics segment accounted for significant revenue share, owing to increase in demand for various smart phones, cameras, and LED TV. Ultra-thin glasses are widely used in consumer electronics for applications such as displays and sensors. Automotive & transportation is expected to witness strong growth over the forecast timeframe, owing to shifting trend toward private transport. Furthermore, ultra-thin glass has huge demand in various automotive interiors and displays, which is predicted to positively impact the ultra-thin glass market growth.
Key benefits for stakeholders
Ultra-thin Glass Market Report Highlights
Aspects | Details |
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By Thickness Type |
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By Application |
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By Region |
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Key Market Players | CENTRAL GLASS CO., LTD., CORNING Inc., TAIWAN GLASS Group, SCHOTT AG, Xinyi Glass Holdings Limited, AGC Inc., CSG Holding Co., Ltd., Novalglass, Nippon Electric Glass Co., Ltd., AIR-CRAFTGLASS |
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The global ultra-thin glass market is heading toward an expansion phase. This is mainly attributed to a significant surge in demand for consumer electronics such as LED TV and smart phones. Furthermore, increased emphasis for private cars and transport as a sign of social esteem is expected to positively impact the market growth in countries such as the U.S., Canada, and Germany. Rise in disposable income in developed as well as emerging economies leads to increase in demand for various electronics products and automotive, thereby positively influencing the market growth.
A. Increase in demand for consumer electronics, increase in disposable income are the key factors boosting the market growth.
A. Market value of Global Ultra-thin glass market in 2027 will be $16.6 billion.
A. Corning Inc., AGC Inc., Nippon Electric Glass, Schott AG, Nippon Sheet Glass, CSG Holding, and Central Glass Co., Ltd. are the top companies in the market.
A. Growth in demand for advanced screen protectors and displays for various OLEDs panels will provide new opportunities in the market.
A. Consumer electronics segment is the most influencing segment growing in the Global Ultra-thin glass market Report.
A. • The ultra-thin glass market is expected to witness temporary downfall, owing to decline in demand for consumer electronics products. Consumers intend to leave home to shop for necessities, but maintain low engagement in shared services. • In addition, a large number of industries and commercial areas went under complete lockdown for the last few months, thereby negatively impacting the market growth. • Furthermore, extended lockdown across the globe negatively affected the global supply chain of the ultra-thin glass market. Regulations on cross-border imports and exports delayed the lead time for replenishment of raw materials, thereby negatively affecting the upstream process.
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