USD 11.93 billion
Ultra Thin Glass Market Size, Share, Growth Analysis, By Thickness(< 0.1 mm, 0.1–0.5 mm, 0.5–1.0 mm, 1.0–1.5 mm), By Production process(Fusion, down-draw, and float), By Application(Touch panel display, semiconductors, fingerprint sensor, and others), By End-user(Electrical & electronics, automotive, medical, healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15G2057 |
Region:
Global |
Published Date: February, 2024
Pages:
211
|Tables:
122
|Figures:
77
Ultra Thin Glass Market Insights
Ultra Thin Glass Market size was valued at USD 11.93 billion in 2019 and is poised to grow from USD 13 billion in 2023 to USD 30 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).
Ultra-thin glass is a type of high-end glass with a very thin thickness. This type is thinner than a human hair strand and thus has advantages over other substrate materials such as metals, silicon, or plastics. In all applications, it offers excellent temperature stability, optical quality, mechanical resistance, and chemical consistency. This glass is available in a variety of finishes, including ultra-clear, borosilicate, non-glare, anti-reflective, and others. Ultra-thin glass is known for its lightweight, diverse compositions, scratch resistance, and flexibility. Because of its properties such as abrasion and corrosion resistance, flexibility, gas barrier capability, surface smoothness, and transparency, ultra-thin glass is becoming increasingly popular in the electronics industry, resulting in driving the market growth during the forecast period (2024-2031). Because of these properties, it can be used in touch and display panels, electronic and optical sensors, energy storage devices, semiconductors, and organic electronics like oxygen and moisture barriers. However, due to advancement in technologies, critical ultra-thin glass manufacturing processes will impede market growth during the forecast period.
US Ultra Thin Glass Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
float
Fastest Growth
float
Growth Rate
9% CAGR
Global Ultra Thin Glass Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Ultra Thin Glass Market Segmental Analysis
Global ultra thin glass market is segmented based on the thickness, production process, application, end-user, and region. Based on thickness, global market is segmented into < 0.1 mm, 0.1–0.5 mm, 0.5–1.0 mm, 1.0–1.5 mm, and 1.5–2.0 mm. Based on production process, the ultra thin glass market is segmented into fusion, down-draw and float. Based on application, the market is segmented into touch panel display, semiconductors, fingerprint sensor, and others. Based on end-user, the market is segmented into electrical & electronics, automotive, medical, healthcare, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Ultra Thin Glass Market Analysis by Production Process
Based on production process, the ultra thin glass market is segmented into fusion, down-draw, and float. The float segment is expected to lead the market during the forecast period, owing to the widespread use of ultra-thin float glass in architectural and automotive windshield applications. In the float process, raw materials such as soda lime and borosilicate are used to produce ultra thin glass.
The fusion process is a critical step in the creation of glass sheets for use in TFT/LCD devices. Melting and mixing raw materials for the production of molten glass is the first step in the process. The high growth rate is primarily due to its simplicity, effectiveness, and expanding uptake by a number of firms.
Ultra Thin Glass Market Analysis by Application
Based on application, the ultra thin glass market is segmented into touch panel display, semiconductors, fingerprint sensor, and others.
Touch panel display segment is anticipated to grow with the maximum number of shares during the anticipated period owing to the growing number of smartphone users and adoption of smart TVs. Touch panel displays are widely used in smartphones, TVs, wearable devices, and other electronic devices. Moreover, ultra-thin glass used in touch panel displays helps to reduce the overall weight of the electronic product, which attracts potential buyers resulting in driving the segment growth.
Global Ultra Thin Glass Market By Type
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Ultra Thin Glass Market Regional Insights
Asia Pacific is projected to obtain the largest share in the ultra thin glass market during the forecast period due to the presence of various countries such as China, Japan, India, and others, various major competitors, and others. China is the largest market for ultra-thin glass in Asia Pacific, and is also forecasted to rapidly grow during (2022–2028). China's electronics industry is big and powerful and plays an important role to market growth. Other countries in the region are also becoming automotive manufacturing hubs, which will increase product demand. Touch control devices are becoming more popular as the world's population grows and living standards rise. Furthermore, rapid technological advancement in developing countries such as India, Malaysia, and Bangladesh will boost regional growth.
Due to its large semiconductor industry, the United States is expected to dominate the ultra-thin glass market in North America during the forecast period. SIA's eight-point policy plan, which includes research, trade, tax, export control, workforce, environment, health, and safety, among other things, was designed to promote US economic growth and innovation, as well as to strengthen the US semiconductor industry, which is expected to boost market growth in the coming years.
Europe is expected to expand at a significant during the forecast period, owing to rising demand for LCDs, LEDs, solar energy, and automobiles.
Global Ultra Thin Glass Market By Region
- Largest
- Fastest
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Ultra Thin Glass Market Dynamics
Ultra Thin Glass Market Driver
- The semiconductor industry's rapid expansion is expected to increase product demand, driving market growth in the forecasting years. The semiconductor industry's rapid growth, in accordance with the significant rise of advanced technology such as 5G and IoT, has transformed into significant revenue generation in the ultra-thin glass industry.
Ultra Thin Glass Market Restraint
- As ultra-thin glass can be easily broken in harsh environments, it must be handled with extreme caution. This reduces demand in end-use industries that operate in harsh environments, impeding market growth.
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Ultra Thin Glass Market Competitive Landscape
Global ultra thin glass market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Ultra Thin Glass Market Top Player's Company Profiles
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AGC Inc.
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SCHOTT AG
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Asahi Glass Co., Ltd.
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CSG Holding Co., Ltd.
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Xinyi Glass Holdings Limited
-
Luoyang Glass Company Limited
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Emerge Glass India Pvt. Ltd.
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G-Tech Optoelectronics Corp.
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LG Chem Ltd.
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Samsung Corning Precision Materials Co., Ltd.
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Plan Optik AG
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TOKYO ELECTRON DEVICE LIMITED
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Gerresheimer AG
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Rayotek Scientific Inc.
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Kibing Group
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Changzhou Almaden Co., Ltd.
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XinYi PV Products (Anhui) Holdings Limited
Ultra Thin Glass Market Recent Developments
- In November 2022, Suunto announced the release of the Suunto 9 Peak Pro in Australia, which is based on the Suunto 9 Peak with a new ultra-thin design, 21-day battery life, and net watersport modes.
- In December 2021, Huawei launched new smart glasses in China, powered by Harmony OS. The design includes a detachable front frame and can connect two devices at the same time. The product, dubbed 'Huawei Smart Glass,' is available in three frame types: classic, stylish pilot, and retro round frame, with a variety of colour options. Furthermore, the temples of the glasses have square 128mm "ultra-thin large-amplitude" stereo speakers for music streaming and hands-free calling. It has an inverse sound field acoustic system to reduce sound leakage, which also helps with outdoor sound pickup.
Ultra Thin Glass Key Market Trends
- Since a few decades, it has been observed that the widespread use of ultra-thin glass in the consumer electronics segment has increased market demand. These glasses are suitable for Personal Computers (PCs), e-readers, smartphones, and other electronic devices due to their lightweight, perfect flatness, flexibility, and good surface quality.
Ultra Thin Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global ultra thin glass market analysis, in Asia Pacific region, the automotive sector's demand for the product is expected to rise over the course of the study. Because this equipment requires high-end glass that can sustain the product, this factor will be responsible for the significant revenue growth. However, the rising cost of raw materials may limit the demand for ultra thin glass. These glasses are more highly priced than other glasses, which limits consumer demand and slows the growth rate of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.93 billion |
| Market size value in 2031 | USD 30 billion |
| Growth Rate | 9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ultra Thin Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ultra Thin Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ultra Thin Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ultra Thin Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ultra Thin Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ultra Thin Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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