Ultra-thin glass is a high-end glass, which possesses thickness range below 1mm. It offers superior optical quality, temperature stability, chemical consistency, and mechanical resistance in all applications. It is widely used in the semiconductor industry for electronic application. Additionally, it is used in sensors and interior displays of various automotive.
Increase in demand for various consumer electronics products, such as smartphones and LED TVs, is expected to drive the market growth over the forecast timeframe. Ultra-thin glass panel used in various consumer electronics reduces the overall weight of consumer electronics products. In addition, changing buying pattern and increasing disposable income of consumers increase the sale of automotive vehicles, which further enhances the market growth. Ultra-thin glass is widely used in car interiors and sensors. However, high cost of raw materials and availability of low-cost alternatives, such as plastics, may restrict the market growth. Nonetheless, surge in usage of ultra-thin glass in solar products is expected to create lucrative opportunities for the market players.
The global ultra-thin glass market is segmented on the basis of thickness type, application, and region. On the basis of thickness type, it is divided into < 0.1mm, 0.1mm-0.5mm, and 0.5mm-1.0mm. Ultra-thin glass with thickness of 0.1mm-0.5mm accounted for significant revenue share, owing to rise in demand for touch panel display, fingerprint sensor, semiconductor substrate, and vehicle infotainment system. Based on application, it is categorized into consumer electronics, automotive & transportation, medical & healthcare, and others. The consumer electronics segment accounted for significant revenue share, owing to increase in demand for consumer electronics. Moreover, ultra-thin glasses are widely used in consumer electronics for applications such as displays and sensors. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with country level analysis of each region.
Major players have adopted product launch, collaboration, and acquisition to sustain the intense market competition. For instance, in March 2018, AGC developed an ultra-thin flexible cover glass with 0.07 mm thickness which is suitable for foldable devices. This expanded company’s product portfolio in foldable OLEDs market. Some of the key players profiled in the report include Corning Inc., AGC Inc., Nippon Electric Glass, Schott AG, Nippon Sheet Glass, CSG Holding, and Central Glass Co., Ltd.
COVID-19 scenario analysis
- The ultra-thin glass market has been severely impacted by the outbreak of COVID-19 across the globe.
- This is attributed to the decline in demand from the consumer electronics segment. As a large number of industries and commercial areas went under complete lockdown, the consumer electronics segment faced a significant drop in demand, thereby negatively impacting the market growth.
- In addition, social distancing norms led to decrease in sales of new automotive and electronics products.
- Furthermore, extended lockdown slowed down the production of ultra-thin glass due to limited resources and longer lead time to replenish raw materials.
- However, implementation of IoT and automation may reduce the need of labors wherever possible and increase operational efficiency. Automated packaging with smart robots can reduce the workers on shop floors, thereby maintaining social distancing norms.
KEY BENEFITS FOR STAKEHOLDERS
- The global ultra-thin glass market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global ultra-thin glass market forecast for the period 2020-2027.
- The report outlines the current global ultra-thin glass market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- The key drivers, restraints, & market opportunity and their detailed impact analysis are explained in the study.
Key market segments
By Thickness type
- < 0.1mm
- 0.1mm-0.5mm
- 0.5mm-1.0mm
By Application
- Consumer Electronics
- Automotive & Transportation
- Medical & Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Table of Contents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 275 |
Published | November 2020 |
Forecast Period | 2019 - 2027 |
Estimated Market Value ( USD | $ 9.5 billion |
Forecasted Market Value ( USD | $ 16.6 billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |