Market Scope
Market Research Future (MRFR) expects the ultra-thin glass market to attain a decent CAGR of 11.88% between 2021 and 2028 (analysis period).
Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/5939
Major Drivers and Main Challenges
Automotive manufacturers are primarily focused on reducing the overall weight of automobiles as it helps elevate the fuel efficiency. Glass, being an essential material in automobiles, can facilitate the vehicle weight reduction trend. To meet with the mounting requirements, manufacturers are introducing unique products and materials with multiple applications within the automobile industry. This has shed light on ultra-thin glass’s importance in the automotive industry and has resulted in extensive demand. The stunning growth of the semiconductor industry in recent years has also intensified the product demand. In addition, the vast adoption of advanced technologies such as 5G and IoT in the manufacturing processes can also benefit the ultra-thin glass market over the following years.
A few socioeconomic factors such as escalating disposable income and heightened consumption of consumer electronic goods also work in favor of the worldwide market. Notable economic growth and the drop in the costs of electronic products as well as components, especially in developing countries will also bolster the demand for ultra-thin glass. The significant popularity of touch control devices should present opportunities to ultra-thin glass manufacturers, while the soaring prevalence of wearable technologies and smart homes, smart car, refrigerators, should be favorable as well.
Market Segmentation
Manufacturing process, thickness, application, and end-use industry are the major segments outlined in the MRFR market study.
The manufacturing processes considered are down-draw, fusion, and float. The float segment is in the lead and captured a valuation of USD 3627.5 million in the year 2017. The segment could continue to grow at a rate of around 13.03% from 2021 to 2028, since ultra-thin float glass is widely deployed in a variety of automotive and architectural windshield applications. Second position has been secured by the fusion manufacturing process segment, which is touted to attain an approximate growth rate of 11.58% in the years to come.
Thickness-based segments are < 0.1 mm, 0.1–0.5 mm, 0.5–1.0 mm, 1.0–1.5 mm, and 1.5–2.0 mm.
Key applications of ultra-thin glass are semiconductors, lightweight assemblies, solar mirrors, automotive glazing, touch panel display, medical devices, fingerprint display, and others. The touch panel display segment is at the top and can touch USD 6378.2 million by 2028. The semiconductors segment will manage to achieve the fastest CAGR given its impressive dielectric, electrical conductivity, and electrical insulation properties.
Major end-use industries include automotive, electrical and electronics, building and construction, biotechnology, renewable energy, and more. The electrical and electronics segment is the top end-user in the global market and seized the highest share of 48% in the year 2017. The segment could also grab a healthy CAGR of 12.33%, on account of the amplified demand for several electronic devices in use-cases including home appliances, vehicles, and medical devices. On the other hand, the fastest growing segment will be the automotive end-use industry, which could also reach USD 4553.7 million by 2028, due to the mounting need for fuel-efficient vehicles worldwide.
Conductive Inks Market Key Regions
North America, APAC/Asia Pacific, along with Europe and RoW/Rest of the World are the key regions where the ultra-thin glass industry is projected to expand at varying rates between 2021 and 2028.
The APAC market for ultra-thin glass is of the biggest size, as reported in 2017. It is presumed that the market size in the region will continue to soar at an approximate rate of 12.57% during the appraisal period, in view of the rampant demand for various consumer electronics such as smart watches, smartphones and home appliances. The burgeoning consumer electronics industry in the region, especially in China is the result of the rise in disposable incomes of the consumers and the general economic growth. Global players shifting from developed nations to Asia Pacific, due to the abundance of lower priced raw materials along with cheap labor will further enhance the market share of ultra-thin glass. The APAC market is further bolstered by reputed manufacturers such as AGC Inc. and Nippon Sheet Glass present across the region.
In 2017, North America took the second lead and managed to clock in USD 1527.4 million. It is anticipated the market size in North America will record a CAGR of close to 11.48% during the evaluation period. Intense growth of the e-commerce industry has benefitted the ultra-thin glass market to a large extent, parallel to the surging orders for several consumer goods as well as electronic devices. The well-established transportation and automotive industry also elevates the demand for ultra-thin glass, with applications in automotive displays and interiors.
Affluent Market Firms
SCOTT AG, Nippon Electric Glass Co. Ltd., Taiwan Glass Ind. Corp., Nitto Boseki Co., Ltd., Corning Incorporated, Emerge Glass, Central Glass Co., Ltd., Luoyang Glass Co. Ltd., Xinyi Glass Holdings Limited, Aeon Industries Corporation Ltd., Asahi Glass Co., Ltd., Changzhou Almaden Co. Ltd., Runtai Industry Co. Ltd., CSG Holding Co. Ltd., and Novalglass, are the market leaders profiled in the MRFR study.
Speak to analyst: https://www.marketresearchfuture.com/ask_for_schedule_call/5939
Browse Related Reports:
- https://www.marketresearchfuture.com/reports/reclaimed-rubber-market-5837
- https://www.marketresearchfuture.com/reports/amorphous-polyethylene-terephthalate-market-5936
- https://www.marketresearchfuture.com/reports/spunbond-nonwoven-market-5960
- https://www.marketresearchfuture.com/reports/hydrocarbon-solvents-market-6143
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
