Ultra-thin glass is thinner than human hair and have thickness below 2 mm. It provide excellent properties such as lightweight, weather durability, thermal stability, and flexibility which make them suitable for usage in numerous end use industries such as automotive, electrical & electronics, biotechnology, renewable energy, building & construction, and others.
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According to analysis, the global ultra-thin glass market is projected to reach USD 20,799.8 million by 2024 at a CAGR of 11.88% during the forecast period. Among the manufacturing process segment, float accounted for the largest market share in 2017 with a value of USD 3,627.3 million and is likely to expand with a significant CAGR of 13.03% during the review period on account of high adoption rate in the various end-use industries. Based on thickness, 0.5-1.0 mm thickness segment hold for the largest market share in 2017 and is projected to expand significantly in the upcoming years owing to increased usage in tablets, laptops, smartphones, and other smart devices. 1.0-1.5 mm thickness segment is the fastest growing segment and is predicted to reach USD 4,465.7 million by 2024. Based on application, touch panel display was the leading application segment in 2017 and is predicted to retain its dominance with an estimated value of USD 6,378.2 million by 2024 due to rising usage in portable devices. Semiconductors application segment is the fastest growing application segment and is expected to reach USD 3,947.7 million over the assessment period.
Among the end use industry segment, electrical & electronics accounted for the largest market share in 2017 with a value of USD 4,582.1 million and is estimated to expand with a healthy CAGR of 12.33% during the review period. Rising per-capita disposable income along with emergence of internet of things devices is expected to fuel the segmental growth. Automotive industry is predicted to be the fastest growing end use industry and is estimated to reach around USD 4,553.7 million by 2024 due to increasing demand for automobiles in emerging economies.
Asia Pacific has dominated as the dominant region in the global ultra-thin glass market and holds the maximum market share, in terms of both volume and value. In the Asia Pacific region, China emerged as the largest market for ultra-thin glass in 2017 and is expected to be the fastest growing ultra-thin glass market in the region due to robust presence of electrical & electronics and automotive industries in this country.
Regional Analysis
On the basis of region, the global ultra-thin glass market is categorized into five regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia pacific emerged as the leading market in ultrathin glass and holds for around 59% market share in 2017 and is predicted to witness a lucrative growth in the near future. Asia Pacific is followed by North America. North America accounted for around USD 1,527.4 million in 2017 and is projected to grow at a significant CAGR of 11.48% over the assessment period. In North America, U.S. accounted for around 80% market share and is estimated to grow at a significant CAGR of 11.76% on account of increasing demand for consumer electronic devices such as wireless speakers and rising popularity of streaming digital media.
Key Players
Some of the key manufacturers operating in the global ultra-thin glass market are Corning Incorporated, Asahi Glass Co., Ltd, Nippon Electric Glass Co., Ltd, SCOTT AG, CSG Holding Co., Ltd, Central Glass Co., Ltd, Xinyi Glass Holdings Limited, Nitto Boseki Co., Ltd, Luoyang Glass Co., Ltd, Emerge Glass, Aeon Industries Corporation Ltd, Changzhou Almaden Co., Ltd, RUNTAI INDUSTRY CO., LTD, TAIWAN GLASS IND. CORP, and Novalglass.
Key Findings
As per MRFR analysis, global ultra-thin glass market is projected to reach USD ~20,799.8 million by the end of the forecast period at a CAGR of 11.88% during the assessment period.
By the manufacturing process, float accounted for around 38% share of the global market in 2017 at the highest CAGR of 13.03%.
1.0-1.5 mm thickness segment is the fastest growing segment and is predicted to reach USD 4,465.7 million by 2024.
Based on application, touch panel display was the leading application segment in 2017 and is predicted to retain its dominance with an estimated value of USD 6,378.2 million by 2024.
Electrical & Electronics end use industry segment accounted for the largest market share in 2017 with a value of USD 4,582.1 million and is estimated to expand with a healthy CAGR of 12.33% during the review period.
The Asia Pacific region accounted for about 59% share of the global market in 2017.
Intended Audience
• Ultra-Thin Glass Market manufacturers
• Traders and distributors of Ultra-Thin Glass Market
• Production process industries
• Potential investors
• Raw material suppliers
DC Description
• Thin glass
• Dimensional thin glass
• Super thin glass
• Float glass
• Fusion glass
Table of Content: Key Points
1 Executive Summary
2 Market Introduction
3 Market Insight
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Ultra-Thin Glass Market, by Manufacturing Process
8 Global Ultra-Thin Glass Market, by Thickness
…Continued
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