Ultra-Thin Glass Market 2019 Global Industry Size, Growth Analysis, Segmentation, Key Leaders, Emerging Technology, Competitive Landscape by Regional Forecast to 2024

Ultra-Thin Glass Market 2019 Global Industry Size, Growth Analysis, Segmentation, Key Leaders, Emerging Technology, Competitive Landscape by Regional Forecast to 2024

Ultra-Thin Glass Market 2024
ultra-thin glass market size is projected to experience an 11.88% CAGR during the assessment period (2018-2024)

Market Insight:

Ultra-thin glasses are preferred material for making screen protectors for tablets, smartphone laptops etc. This is because they are tough and have a slew of benefits in terms of look, feel and installation. These glasses are quickly replacing traditional materials used in screen guards. In addition, the growing popularity of OLED TVs is having a positive impact on adoption of ultra-thin glass.

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Competitive Landscape:

  • Asahi Glass Co., Ltd.
  • Central Glass Co., Ltd.
  • Aeon Industries Corporation Ltd.
  • Luoyang Glass Co., Ltd.
  • Nitto Boseki Co., Ltd.
  • Nippon Electric Glass Co., Ltd.
  • Emerge Glass
  • Runtai Industry Co., LTD.
  • Corning Incorporated
  • Taiwan Glass Ind. Corp.
  • Changzhou Almaden Co., Ltd.
  • Xinyi Glass Holdings Limited
  • CSG Holding Co., Ltd.
  • Novalglass and Scott AG.

Segmental Overview:

MRFR’s study covers a detailed segmental analysis of ultra-thin glass market on the basis of manufacturing processes, thickness, applications, end-use industries and region.

By manufacturing processes, the market has been segmented into fusion, down-draw and float. In terms of revenue, the float segment represented the largest market share in 2017. Whereas, the down-draw segment is expected to post significant growth rate and topple the float segment towards the end of the forecast period.

By thickness, the market has been segmented into 1.5-2.0 mm, 1.0-1.5 mm, 0.5-1.0 mm, 0.1-0.5 mm and <0.1 mm. The 0.1-0.5 mm segment is projected to witness an impressive growth during the forecast period. The increased use of glass with thickness of 0.1-0.5 mm is supporting the growth of the segment.

By application, the market has been segmented into semiconductors, automotive glazing, medical device, touch panel display, lightweight assemblies, fingerprint display, solar mirrors and others.

By End-use industries, the market has been segmented into automotive, renewable energy, electrical & electronics, building & construction, biotechnology and other

Regional Segmentation:

On the basis of region, the market has been segmented into Europe, North America, APAC and the Rest-of-the-World (RoW). Asia Pacific is expected to hold a dominant position in the global ultra-thin glass market. The market in APAC is expected to exhibit a CAGR of 12.57% during the assessment period. A rapidly growing consumer electronic industry is fostering the market in APAC. Sales of products such as smartwatches, smartphones and electronic home appliance have swelled in APAC countries such as India, China, Indonesia, Taiwan among others. Many of these countries has emerged as preferred destination for setting up manufacturing facility owing to cost benefit and easy excess to raw materials. APAC is expected to remain a key market for market players as it is likely to present lucrative growth opportunities in the forthcoming years.

North America holds the second spot in terms of value. Presence of a massive consumer electronic industry in the region favors the market growth in the region. In 2017, the market in North America was valued at over USD 1500 Mn and is projected to expand at 11.48% CAGR during the forecast period.

In Europe, the ultra-thin glass market is expected to grow at a steady rate during the forecast period. The region is expected to make a considerable contribution to the global market in terms of revenue.

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