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)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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