Global Ultra Thin Glass Market, By Manufacturing Process (Float, Fusion, Down-Draw), Thickness (< 0.1 MM, 0.1-0.5 MM, 0.5MM-1.0MM), Application (Touch Panel Display, Semiconductors, Fingerprint Sensor, Others), End User Industry (Electrical & Electronics, Automotive, Medical, Healthcare, Others) – Industry Trends and Forecast to 2029.
Ultra Thin Glass Market Analysis and Size
The growing demand for high-strength glass and lightweight materials are expected to drive the growth of the ultra thin glass significantly. The “Less than 0.1 mm” is the fastest thickness type segment due to increasing applications in the Micro-Electro-Mechanical Systems (MEMS) sector during the forecast period. Moreover, increasing product penetration and IoT applications has led to the adoption of ultra thin glass during the forecast period.
Data Bridge Market Research analyses that the ultra-thin glass market is expected to undergo a CAGR of 10.70% during the forecast period. This indicates that the market value, which was USD 12.90 billion in 2021, would rocket up to USD 29.09 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Ultra Thin Glass Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Manufacturing Process (Float, Fusion, Down-Draw), Thickness (< 0.1 MM, 0.1-0.5 MM, 0.5MM-1.0MM), Application (Touch Panel Display, Semiconductors, Fingerprint Sensor, Others), End User Industry (Electrical & Electronics, Automotive, Medical, Healthcare, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Asahi Kasei Corporation (Japan), Runtai Industry Co. ltd. (China), NovalGlass (India), Aviation Glass (Netherland), Taiwan Glass Industry Corporation. (Taiwan), Avanstrate Inc. (Japan), China National Building Material Co., Ltd. (China), Nippon Electric Glass Co.,Ltd. (Japan), SCHOTT AG (Germany), Nippon Sheet Glass Co., Ltd (Japan), CSG HOLDING CO.,LTD. (China), Central Glass Co., Ltd. (Japan), Xinyi Glass Holdings Limited (China), Changzhou Almaden Co., Ltd. (China)
|
|
Market Opportunities
|
|
Market Definition
Ultra-thin glasses are high-edge glasses widely used in cutting-edge smartphones, such as camera systems, processors, novel micro-batteries, cover glass, substrates for wearables & flexible OLED displays, and fingerprint biosensors. Hardened ultra-thin glasses are highly flexible, scratch-resistant, fatigue-free, have great barrier qualities, and provide robust protection against the outside environment, which makes them perfect for wearables
Global Ultra Thin Glass Market Dynamics
Drivers
- High usage of ultra thin glass in touch panel display
Touch panel displays are widely used in wearable devices, smartphones, TVs and signage. This glass used in touch panel displays helps reduce the overall weight of electronic product. The demand of touch panel displays has grown significantly over the years due to the growing demand for TVs and smartphones. Digitalization has increased, which is anticipated to drive the ultra-thin glass market.
- Growing consumer electronics industry
Rising demand for consumer electronics is anticipated to boost the growth of the ultra-thin glass market. Touchscreen modules, LCDs & OLED TVs, semiconductors, solar panels, and other consumer electrical products require ultra-thin glass.
- Rising demand of ultra thin glass in automotive sector
The demand for ultra thin glass from the automotive sector increases over the forecast period. Ultra thin glass is used in car interior and sensors because this equipment requires high-end glass which can sustain the product, this factor will be the primary reason for the excellent revenue growth of ultra thin glass market.
Opportunities
- Innovative application of ultra thin glass
Various innovative applications of ultra thin glass such as usage in tiny batteries, will create immense opportunities for the growth of the ultra thin glass market in upcoming years. The growing solar energy and semiconductor sectors are anticipated to augment the demand for the ultra thin glass in the market as well.
Restraints/Challenges
- High cost of raw materials
The demand of the ultra thin glass may be restrained by increasing the cost of raw materials. These glass are more expensive than other glasses, which is restraining the demand from the consumer’s perspective and obstruct the growth rate of ultra thin glass market
Moreover, due to technological advancement, critical manufacturing processes of ultra-thin glass will obstruct the growth of the market during the forecast period.
This ultra thin glass market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultra thin glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Ultra Thin Glass Market
The Covid-19 pandemic was started from china after that it spread overall the world. Now it has become a global emergency. The governments have imposed stringent rule and regulations, including shutdown, lockdown and social distancing rules during this pandemic. The ultra thin glass market is also affected by this lockdown because the production works are ceased. Lack of production has affected the supply and demand chain of the ultra thin glass. The electronic industries are the primary consumer of ultra thin glass. Due to this pandemic, the electronic works are on pause, negatively affecting the ultra thin glass demand. Furthermore, the major market players of the ultra thin glass are trying their best to increase the growth of the market and is anticipated to witness the high demand after the post-covid condition.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Ultra Thin Glass Market Scope
The ultra thin glass market is segmented on the basis of manufacturing process, thickness, application and end user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Manufacturing Process
- Float
- Fusion
- Down-Draw
Thickness
- < 0.1 MM
- 0.1-0.5 MM
- 0.5MM-1.0MM
Application
- Touch Panel Display
- Semiconductors
- Fingerprint Sensor
- Others
End User Industry
- Electrical & Electronics
- Automotive
- Medical
- Healthcare
- Others
Ultra Thin Glass Market Regional Analysis/Insights
The ultra thin glass market is analysed and market size insights and trends are provided by country, manufacturing process, thickness, application and end user industry as referenced above.
The countries covered in the ultra thin glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ultra thin glass market in terms of revenue due to the growing disposable income of the mid-earning people and increasing demand for consumer electronics in the developing nations such as India and China.
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the increasing automotive, aviation, and defence industries in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ultra Thin Glass Market Share Analysis
The ultra thin glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ultra thin glass market.
Some of the major players operating in the ultra thin glass market are:
- Asahi Kasei Corporation (Japan)
- Runtai Industry Co. ltd. (China)
- NovalGlass (India)
- Aviation Glass (Netherland)
- Taiwan Glass Industry Corporation. (Taiwan)
- Avanstrate Inc. (Japan)
- China National Building Material Co., Ltd. (China)
- Nippon Electric Glass Co.,Ltd. (Japan)
- SCHOTT AG (Germany)
- Nippon Sheet Glass Co., Ltd (Japan)
- CSG HOLDING CO.,LTD. (China)
- Central Glass Co., Ltd. (Japan)
- Xinyi Glass Holdings Limited (China)
- Changzhou Almaden Co., Ltd. (China)
SKU-