Ultra-thin Glass Market Growth Analysis | 2022-2028

Market Insights

The ultra-thin glass market was estimated at USD 9.18 billion in 2021 and is likely to grow at a CAGR of 13.05% during 2022-2028 to reach USD 21.8 billion in 2028.

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What is ultra-thin glass?

Ultra-thin glass is a type of high-end glass with a very thin thickness. In all applications, it provides outstanding optical quality, thermal stability, chemical consistency, and mechanical resilience. In the semiconductor sector, ultra-thin glass is frequently employed in electronic applications to enable microchips with the highest data transfer rates. Electronic and optical sensors, as well as energy storage devices, use ultra-thin glass.

Key Players

Some of the key players in the ultra-thin glass market are-

• AGC Inc.
• Central Glass Co., Ltd
• Central Glass Co., Ltd.
• Changzhou Almaden Co., Ltd
• Corning Inc.
• CSG Holding
• Nippon Electric Glass
• Nippon Sheet Glass
• Schott AG
• Xinyi Glass Holdings Limited.

Market Dynamics

The growth of the market is primarily driven by:

• Strong demand for consumer electronics around the world and the approaching age of information along with technological development in consumer electronics is a key driving factor.
• Furthermore, ultra-thin glass is widely used in consumer electronic products such as TVs, LCD & OLED displays, touch modules of touchscreens, solar panels, and semiconductors.
• In addition, consumer electronic products are incessantly upgrading at a higher pace, making previous versions obsolete. Hence, the ever-increasing demand for consumer electronics.

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Segments Analysis

By Thickness Type

The market is segmented into less than 0.1 mm, 0.1 to 0.5 mm, and 0.5 to 1.2 mm. Thickness ranging from 0.1mm to 0.5mm is expected to dominate all other segments during the following period.

The growth of the segment is driven by slimming trend in display devices and high penetration of this glass in regular consumer devices. Strong demand for flat-screen TVs in developed countries along with the growing penetration in developing economies will drive the ultra-thin glass market progress over the following period.

By Application Type

The market is segmented into semiconductors substrate, flat-panel displays, touch-control devices, and others. The market for touch-control devices is estimated to witness the highest growth during the forecast period.

Smartphones, tablets, and e-books have all become indispensable tools in people's daily lives. Touch-control devices are also becoming more popular in wearable technology and other items such as smart automobiles, refrigerators, and smart homes. Product penetration in these devices will expand as the demand for touch-control devices grows.

Regional Analysis

Asia-Pacific accounted for a significant share of the market for ultra-thin glass in 2021, and is expected to maintain its indomitable position during the forecast period. This growth can be attributed to the growing application of ultra-thin glass in various consumer electronics and automotive industries in emerging nations such as China, India, and South Korea.

Furthermore, China being the world leader in automotive unit production owns huge demand for ultra-thin glass in various automotive interior panels. In addition, presence of giant players, such as AGC Inc. and Nippon Sheet Glass, is expected to further propel the market growth. North America is expected to witness steady market growth, on account of the rise in disposable income of consumers and robust investments from industry players.

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Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The ultra-thin glass market is segmented into the following categories:

By thickness type:

• Less than 0.1 mm
• 0.1 to 0.5 mm
• 0.5 to 1.2 mm

By production process type:

• Downdraw Process
• Overflow-fusion Process
• Float Process

By application type:

• Semiconductors Substrate
• Flat-panel Displays
• Touch-control Devices
• Others

By region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current segmentation by any one of the production process types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.