Report ID: SQMIG15G2057
Report ID:
SQMIG15G2057 |
Region:
Global |
Published Date: February, 2024
Pages:
211
|
Tables:
122 |
Figures:
77
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.
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REQUEST FREE CUSTOMIZATIONUltra 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).
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Report ID: SQMIG15G2057