Ultra-thin Glass Market

Ultra-Thin Glass Market

Growing trend of reducing weight of the consumer electronic devices is fostering the growth of global ultra-thin glass market. Consumer electronic goods that feature a flat screen have been using ultra-thin glass owing to the material’s flexible and light weight nature. Rising demand for thin and light weight devices in consumer electronics has instigated the usage of light and flexible manufacturing materials used for the production of every part of the electronic device. Flat screen displays are increasingly being used in various consumer electronic devices such as laptops, smartphones, televisions, monitors, and smart wearable devices. Highly responsive and flexible qualities of the products in global ultra-thin glass market make them a lucrative and highly sought after production parts or components in the consumer electronics market.

Rising demand for smart wearable devices such as fitness bands and smart watches is also influencing the development of the global ultra-thin glass market. These smart wearable devices require a light weight display that is scratch, heat, water, and weather resistant, featuring longer life. Growing demand for flat panel displays from automotive industry is also expected to bolster the expansion of the global ultra-thin glass market in years to come. However, availability of low cost and cheap to produce alternative such as plastics and polymers can hamper the rise of the global ultra-thin glass market in coming years.

Global Ultra-thin Glass Market: Overview

The ultra-thin glass is one of the high-end glasses which are thinner than a single human hair strand. This thinner size of glass provides advantages over other materials including metals, plastics, or silicon. It offers numerous advantages such as superior optical quality, chemical consistency, temperature stability, and mechanical resistance.

The global ultra-thin glass market is segmented on the basis of application, into biotechnology, automotive, electronic, and others. Electronics is further sub-segmented into digital signage, electronic paper, touch panel display, and semiconductor. Of these, the touch panel displays segment accounted for the leading market share in 2016 and is expected to rise over the forecast period.

The report offers in-depth information and comprehensive evaluation of the global ultra-thin glass market. Based on trustworthy research methodologies, referenced from the press release, whitepapers, news updates, and assumptions, the inquisitive and proficient data analysts have come to the results. The report offers comprehensive profiles on these market players and assesses their current standing in the ultra-thin glass market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and recent research and development (R&D) activities are outlined briefly in the report.

Global Ultra-thin Glass Market: Drivers and Restraints

Ultra-thin glasses are used in different applications including semiconductors and electronics due to its low thickness. The ultra-thin glasses are available at a wide range from micrometer to millimeter. This size makes the glass suitable to carry the devices such as tablets, PCs, cameras, and CCTV. These glasses have wide-ranging applications in electrochromic windows and mirrors, LEDs, and advanced packaging. This high adoption is from numerous industries are propelling the growth of the global market for ultra-thin glass.

Increase in demand for touch panel display and other electronic products is a key factor in bolstering the growth of the market. However, the high cost of raw materials and manufacturing process are hampering the growth of the market. Nevertheless, emerging application of ultra-thin glass in solar products is expected to growth opportunity for the market players in the upcoming years.

Global Ultra-thin Glass Market: Geographical Segmentation

On the basis of region, ultra-thin glass market is segmented into North America, South America, Europe, Asia Pacific and Middle East & Africa. Of these, Asia Pacific is dominating the global market for ultra-thin glass and expected to remain dominant over the forecast period. This growth is attributable to the increasing demand for consumer electronics in the developing countries in the region such as China and India. The rising disposable income of the mid-earning people of the region is the major factor responsible for this demand.

Global Ultra-thin Glass Market: Competitive Landscape

Some of the key players operating in the global ultra-thin glass market include Asahi Glass, Corning, Nippon Sheet Glass, Nippon Electric Glass, Central Glass, and SCHOTT.