Ultra-Thin Glass Market Research Report
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.
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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
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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