Ultra-thin Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global ultra-thin glass market size reached US$ 9.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.3% during 2023-2028.
Ultra-thin glass has a minimal thickness and excellent barrier and scratch-resistant properties. It is used in cover glasses, substrates for flexible organic light-emitting diode (OLED) displays, camera systems, novel micro-batteries, processors, and fingerprint and biosensors of smartphones. It is also employed in the manufacturing of glass-based batteries that ensure the connection of small devices and sensors without the requirement of a central power supply. Additionally, as it offers advantages like superior optical quality, mechanical resistance, chemical consistency, and temperature stability compared to plastics, metals, or silicon, ultra-thin glass finds extensive applications in consumer electronics, automotive, and healthcare industries worldwide.
Ultra-thin Glass Market Trends:
Due to the high-frequency electrical properties of ultra-thin glass, it is increasingly being utilized in the semiconductor industry for transferring data from microchips at the highest transfer rates. This, along with the growing demand for the ultra-thin glass in the automotive industry to design car interiors and sensors, represents one of the key factors driving the market. Moreover, there is a rise in its usage in solar products to enhance the efficiency of the cell while increasing the amount of trapping light inside the solar cell and reducing the incident light reflecting from the solar cell. This, coupled with the escalating demand for smart wearable devices, such as fitness bands and smartwatches that require heat, water, and weather-resistant display, is propelling the growth of the market. In addition, it is laminated with transparent materials to build strong and lightweight windows. In line with this, the rising use of ultra-thin glass in the production of electrochromic windows that are used in both residential and non-residential sectors is offering lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ultra-thin glass market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on thickness type, manufacturing process, application and end use industry.
Breakup by Thickness Type:
<0.1 Mm
0.1 Mm-0.5 Mm
0.5 Mm-1.0 Mm
Breakup by Manufacturing Process:
Float
Fusion
Down-Draw
Breakup by Application:
Semiconductor Substrate
Touch Panel Displays
Fingerprint Sensors
Automotive Glazing
Others
Breakup by End Use Industry:
Consumer Electronics
Automotive
Biotechnology
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Central Glass Co. Ltd., Changzhou Almaden Co. Ltd., Corning Incorporated, CSG Holding Limited, Emerge Glass India Pvt. Ltd., Fraunhofer FEP, Nippon Electric Glass Co. Ltd., Nippon Sheet Glass Co. Ltd, Noval Glass Goup Ltd., Schott AG (Carl-Zeiss-Stiftung) and Taiwan Glass Industry Corporation.
Key Questions Answered in This Report
1. What was the size of the global ultra-thin glass market in 2022?
2. What is the expected growth rate of the global ultra-thin glass market during 2023-2028?
3. What has been the impact of COVID-19 on the global ultra-thin glass market?
4. What are the key factors driving the global ultra-thin glass market?
5. What is the breakup of the global ultra-thin glass market based on the thickness type?
6. What is the breakup of the global ultra-thin glass market based on manufacturing process?
7. What is the breakup of the global ultra-thin glass market based on the application?
8. What is the breakup of the global ultra-thin glass market based on the end use industry?
9. What are the key regions in the global ultra-thin glass market?
10. Who are the key players/companies in the global ultra-thin glass market?