Market Scope
Market Research Future (MRFR) expects the Ultra-Thin Glass Market to attain a decent CAGR of 11.88% between 2022 and 2030(analysis period).
Major Drivers and Main Challenges
Automotive manufacturers are primarily focused on reducing the overall weight of automobiles as it helps elevate the fuel efficiency. Glass, being an essential material in automobiles, can facilitate the vehicle weight reduction trend. To meet with the mounting requirements, manufacturers are introducing unique products and materials with multiple applications within the automobile industry. This has shed light on ultra-thin glass’s importance in the automotive industry and has resulted in extensive demand. The stunning growth of the semiconductor industry in recent years has also intensified the product demand. In addition, the vast adoption of advanced technologies such as 5G and IoT in the manufacturing processes can also benefit the ultra-thin glass industry over the following years.
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Affluent Market Firms
SCOTT AG, Nippon Electric Glass Co. Ltd., Taiwan Glass Ind. Corp., Nitto Boseki Co., Ltd., Corning Incorporated, Emerge Glass, Central Glass Co., Ltd., Luoyang Glass Co. Ltd., Xinyi Glass Holdings Limited, Aeon Industries Corporation Ltd., Asahi Glass Co., Ltd., Changzhou Almaden Co. Ltd., Runtai Industry Co. Ltd., CSG Holding Co. Ltd., and Novalglass, are the market leaders profiled in the MRFR study.
A few socioeconomic factors such as escalating disposable income and heightened consumption of consumer electronic goods also work in favor of the worldwide market. Notable economic growth and the drop in the costs of electronic products as well as components, especially in developing countries will also bolster the demand for ultra-thin glass. The significant popularity of touch control devices should present opportunities to ultra-thin glass manufacturers, while the soaring prevalence of wearable technologies and smart homes, smart car, refrigerators, should be favorable as well.
Market Segmentation
Manufacturing process, thickness, application, and end-use industry are the major segments outlined in the MRFR market study.
The manufacturing processes considered are down-draw, fusion, and float. The float segment is in the lead and captured a valuation of USD 3627.5 million in the year 2017. The segment could continue to grow at a rate of around 13.03% from 2020 to 2027, since ultra-thin float glass is widely deployed in a variety of automotive and architectural windshield applications. Second position has been secured by the fusion manufacturing process segment, which is touted to attain an approximate growth rate of 11.58% in the years to come.
Thickness-based segments are < 0.1 mm, 0.1–0.5 mm, 0.5–1.0 mm, 1.0–1.5 mm, and 1.5–2.0 mm.
Key applications of ultra-thin glass are semiconductors, lightweight assemblies, solar mirrors, automotive glazing, touch panel display, medical devices, fingerprint display, and others. The touch panel display segment is at the top and can touch USD 6378.2 million by 2027. The semiconductors segment will manage to achieve the fastest CAGR given its impressive dielectric, electrical conductivity, and electrical insulation properties.
Major end-use industries include automotive, electrical and electronics, building and construction, biotechnology, renewable energy, and more. The electrical and electronics segment is the top end-user in the global market and seized the highest share of 48% in the year 2017. The segment could also grab a healthy CAGR of 12.33%, on account of the amplified demand for several electronic devices in use-cases including home appliances, vehicles, and medical devices. On the other hand, the fastest growing segment will be the automotive end-use industry, which could also reach USD 4553.7 million by 2027, due to the mounting need for fuel-efficient vehicles worldwide.
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Conductive Inks Market Key Regions
North America, APAC/Asia Pacific, along with Europe and RoW/Rest of the World are the key regions where the ultra-thin glass industry is projected to expand at varying rates between 2020 and 2027.
The APAC market for ultra-thin glass is of the biggest size, as reported in 2017. It is presumed that the market size in the region will continue to soar at an approximate rate of 12.57% during the appraisal period, in view of the rampant demand for various consumer electronics such as smart watches, smartphones and home appliances. The burgeoning consumer electronics industry in the region, especially in China is the result of the rise in disposable incomes of the consumers and the general economic growth. Global players shifting from developed nations to Asia Pacific, due to the abundance of lower priced raw materials along with cheap labor will further enhance the market share of ultra-thin glass. The APAC market is further bolstered by reputed manufacturers such as AGC Inc. and Nippon Sheet Glass present across the region.
In 2017, North America took the second lead and managed to clock in USD 1527.4 million. It is anticipated the market size in North America will record a CAGR of close to 11.48% during the evaluation period. Intense growth of the e-commerce industry has benefitted the ultra-thin glass market to a large extent, parallel to the surging orders for several consumer goods as well as electronic devices. The well-established transportation and automotive industry also elevates the demand for ultra-thin glass, with applications in automotive displays and interiors.
About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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Ultra-thin Glass market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Ultra-thin Glass market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Ultra-thin Glass market is segmented into:0.1 0.5 mm0.5 1 mmAbove 1 mmDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60581/global-united-states-ultrathin-glass-2026-372Segment by Application, the Ultra-thin Glass market is segmented into:Mobilephone & TabletPC & LaptopBillboardTouch ScreenOtherRegional and Country-level Analysis:The Ultra-thin Glass market is analysed and market size information is provided by regions (countries).The key regions covered in the Ultra-thin Glass market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Ultra-thin Glass Market Share Analysis:Ultra-thin Glass market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The Global Ultra Thin Glass Market Report is prepared to club all the essential market details such as market size, share, value, growth, restraints, challenges, and opportunities during the study period of 2020-2026.
The data presented in this report has been gathered on the basis of historical data, primary interviews and expert's estimation of future trends.
The report also covers regional assessment which has been conducted globally.
The detailed content of the market study ensures intellectual insights given a better understanding of the untapped opportunities in the market.Ultra Thin Glass market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Ultra Thin Glass market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2015-2026.Access Full Report with Table of Contents @ https://www.decisiondatabases.com/ip/46534-ultra-thin-glass-industry-market-reportBy CompanySegment by TypeSCHOTTLuoyang Glass CompanyCorningAsahi GlassNippon Electric GlassCSG HoldingXinyi GlassSuzhou Huadong Coating GlassAviation Glass & TechnologyAirCraft glassChangzhou AlmadenSegment by Type< 0.1mm0.1–0.5mm>0.5–1.1mmSegment by ApplicationSemiconductor and ElectronicsAircraftSolar PowerOthersProduction by RegionNorth AmericaEuropeJapanChinaSoutheast AsiaIndiaDownload Free Sample Report of Global Ultra Thin Glass market @ https://www.decisiondatabases.com/contact/download-sample-46534Major Chapter From Table Of Contents-1 STUDY COVERAGE2 EXECUTIVE SUMMARY3 MARKET SIZE BY MANUFACTURERS4 ULTRA THIN GLASS PRODUCTION BY REGION5 ULTRA THIN GLASS CONSUMPTION BY REGION6 MARKET SIZE BY TYPE (2015-2026)7 MARKET SIZE BY APPLICATION (2015-2026)8 CORPORATE PROFILE9 ULTRA THIN GLASS PRODUCTION FORECAST BY REGIONS10 ULTRA THIN GLASS CONSUMPTION FORECAST BY REGION11 VALUE CHAIN AND SALES CHANNELS ANALYSIS12 MARKET OPPORTUNITIES, CHALLENGES, RISKS AND INFLUENCES FACTORS ANALYSIS13 KEY FINDINGS IN THE GLOBAL ULTRA THIN GLASS STUDY14 APPENDIXPurchase full Global Ultra Thin Glass Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46534Other Reports by DecisionDatabases.com:Global Fiber Glass Market Insights, Forecast to 2025Global Glass Drilling Machines Market Insights, Forecast to 2026About Us:DecisionDatabases.com is a Global business research reports provider,enriching decision makers and strategists with qualitative statistics.
