Ultra-Thin Glass Market

Global Ultra-Thin Glass Market generated a revenue of USD 12.1 billion in 2021 and is forecast to attain a value of USD 20.5 billion in 2029, exhibiting a CAGR of 6.8% during the forecast period, owing to the growing use of lightweight materials across electrical and electronic industries.

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Key Drivers

Growing adoption of ultra-thin glass across the consumer electronics, healthcare, and automotive industries, owing to the exceptional features like better optical quality, higher mechanical resistance, chemical consistency, and temperature stability as compared to metals, plastics, or silicon, is forecast to augment the ultra-thin glass market share.

Ongoing advancements in science and technology in the electronics industry in the ultra-thin glasses will encourage the producers, driving the market growth. The remarkable electrical properties of ultra-thin glass has augmented their application in semiconductor industry to transfer data from microchips at the highest transfer rates, will bolster the market growth. On-going research is being done to use ultra-thin glasses as special mirrors for solar energy projects are expected to offer various opportunities for the growth of the market over the forecast period. Moreover, the growing deployment of solar products to improve the potency of the cell and increase the amount of trapping light inside the solar cell and the demand for smart wearable devices, such as fitness bands and smartwatches that need heat, water, and weather-resistant display, is propelling the growth of the market. In addition, the growing deployment of ultra-thin glass in the production of electrochromic windows to be used in residential and non-residential sectors is forecast to offer enormous opportunities to the market. However, the high cost of raw materials and huge production costs might impede the market growth.

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Manufacturing Segment Analysis

Float manufacturing process is anticipated to exhibit a higher CAGR over the forecast period, owing to its ability to produce ultra-thin glasses of different thickness. Also, the ultra-thin glasses produced from the applications offer higher optical clarity and helps in improving the chemical and mechanical features of the glass, driving the market growth.

Application Segment Analysis

Touch-control devices segment is forecast to witness a faster CAGR over the forecast period, as these devices help users interact with the displayed content instead of the deployment of using a touchpad, remote, mouse, or any such device. The outburst of COVID-19 has encouraged the government to enforce social distancing and lockdown norms, encouraging the usage of digital technology. The growing demand for integrated chips form across different applications which include networking devices, LED lightings and sensors across various applications like photovoltaic (PV) inverters, transportation, smart meters, and human-machine interface systems, will augment the ultra-thin glasses market size.

Consumer electronics Segment Analysis

Consumer electronics segment is estimated to witness a higher CAGR over the upcoming years, owing to their remarkable features which include lightweight, perfect flatness, elasticity, and enhanced surface quality, making them suitable for e-readers, smartphones, Personal Computers (PCs), and other electronic gadgets. Thus, the growing demand for electronic goods has augmented the demand for ultra-thin glass market. For example, the sales of laptops, desktop PCs, and tablets in 2019 was nearly 88.4 million, 166 million and 136.8 million units respectively. The number of smartphones sold to end users globally in 2020 is anticipated to be 1.560 billion units.

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Regional Analysis

Asia-Pacific region is predicted to lead the market attributed to factors such as increased demand from end-user industries such as consumer electronics, automotive, biotechnology of emerging economies of the Asia-Pacific such as China, Japan and India. In addition, the expansion of electronics industry and accelerating disposable incomes are projected to expand the market growth. The accelerating population and improvement in living standards has augmented the demand for touch control devices, propelling the market growth. Furthermore, the strong growth in technology in developing countries including India, Malaysia, and Bangladesh will amplify the regional growth. Leading manufacturing companies across LED and LCD have expanded their regional presence in these countries to fulfil the accelerating demand of customers. For instance, in May 2018, Corning Inc. introduced its new manufacturing facility for LCD glass substrate in Anhui province, China.

Europe is expected to hold a larger CAGR over the forecast period, because of the growing demand for solar energy, LCDs, LEDs, and automotive sectors.  According to the Solar Power Europe, the renewable target set by the nations to reduce greenhouse gas emission is nearly 40%.

Top Market Players

The report also profiles the major companies active in this field, including Nippon Sheet Glass, Asahi Glass, Corning, Schott, Central Glass, Xinyi Glass, CSG Holding, Luoyang Glass, Emerge Glass, Aeon Industries

Key Developments

• • In 2018, Asahi Glass introduced an ultra-thin flexible cover glass for foldable devices, with a bending stress over 1200 MPa. These ultra-thin foldable glasses are primarily used for next-generation displays.
  • In 2016, SCHOTT AG introduced an ultra-thin, high-strength, protective glass SCHOTT AS 87 Eco for its deployment in consumer electronics, like smartphones and wearable devices. The advent of product helped the company became the only producer of chemically toughened ultra-thin and environment-friendly glass in the world. This launch is intended to help the company strengthen its market position in the ultra-thin glass industry.
  • In 2016, Corning formed entered into a partnership with Saint-Gobain Sekurit (France) to establish, manufacture, and sell lightweight automotive glazing solutions. The venture provides aminated windows for glazing solutions, which are composed with Corning’s ultra-thin Gorilla glass for automotive and Sekurit’s automotive glass and window technologies.

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Key questions this research would answer:

• Is the ultra-thin glass market growing? How long will it continue to grow and at what rate?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the ultra-thin glass market?
• What are the various end-use industries and how they are poised to grow?

The global ultra-thin glass market is segmented on the basis of manufacturing, application, end-use Industry and geography:

Report Coverage	Details
Market Revenues (2021)	USD 12.1 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Manufacturing, By Application, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Nippon Sheet Glass, Asahi Glass, Corning, Schott, Central Glass, Xinyi Glass, CSG Holding, Luoyang Glass, Emerge Glass, Aeon Industries., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Global Ultra-Thin Glass Market by Manufacturing

• • Float
  • Fusion

Global Ultra-Thin Glass Market by Application

• •  Semiconductor Substrate
  •  Touch Panel Displays
  •  Fingerprint sensors
  •  Automotive Glazing
  •  Others

Global Ultra-Thin Glass Market by End-Use Industry

• • Consumer Electronics
  • Automotive
  • Biotechnology
  • Others

Global Ultra-Thin Glass Market by Region

• • North America Global Ultra-Thin Glass Market (Option 1: As a part of the free 25% customization)
    • By Manufacturing
    • By Application
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Global Ultra-Thin Glass Market (Option 2: As a part of the free 25% customization)
    • By Manufacturing
    • By Application
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Global Ultra-Thin Glass Market (Option 3: As a part of the free 25% customization)
    • By Manufacturing
    • By Application
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Global Ultra-Thin Glass Market (Option 4: As a part of the free 25% customization)
    • By Manufacturing
    • By Application
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Ultra-Thin Glass Market Competitive Landscape

• • Major Players and their Key Strategies
  • New product launches
  • Mergers and acquisitions
  • Collaborations, partnerships, agreements and joint venture