The report “Ultra-Thin Glass Market by Manufacturing Process (Fusion, Float), Thickness (<0.1mm, 0.1-0.5mm, 0.5–1.0mm, 1.0–1.2mm), Application (Semiconductor Substrate, Touch Panel Displays, Fingerprint Sensors), End-Use Industry, Region – Global Forecast to 2022″, The ultra-thin glass market is estimated to be USD 9.73 Billion in 2017 and is projected to reach USD 16.99 Billion by 2022, at a CAGR of 11.8% from 2017 to 2022. The growth of this market can be attributed to the increasing demand for ultra-thin glass from the consumer electronics industry.
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The ultra-thin glass market is projected to reach USD 16.99 Billion by 2022, at a CAGR of 11.8% from 2017 to 2022. Increasing demand for ultra-thin glass from the consumer electronics segment has led to the growth of ultra-thin glass market. Ultra-thin glass is used as cover glass, displays, and sensors in the consumer electronics industry. Major end-use industries of ultra-thin glass include consumer electronics, automotive, and biotechnology.
Based on application, the touch panel displays segment is projected to lead the ultra-thin glass market during the forecast period
The touch panel displays segment led the ultra-thin glass market in 2016. The growth of this segment can be attributed to the increasing use of ultra-thin glass in consumer electronics. Features such as high electrical conductivity and sensitivity of ultra-thin glass make it preferable to be used for display and sensor applications.
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Based on end-use industry, the consumer electronics segment is projected to lead the ultra-thin glass market during the forecast period
The consumer electronics segment led the ultra-thin glass market in 2016 and is expected to lead in the coming years. The growth of the consumer electronics segment can be attributed to the increasing use of ultra-thin glass in various applications, such as smartphones, wearable devices, notebook, and TVs.
Asia Pacific is the largest market for ultra-thin glass
The Asia Pacific region led the ultra-thin glass market in 2016, and is expected to continue its dominance in the near future. Increasing e-commerce activities is fueling the growth of ultra-thin glass in Asia Pacific. The high demand for this glass from the consumer electronics industry in countries, such as China and Taiwan, are key factors driving the growth of ultra-thin glass market in the Asia Pacific region.
Major companies operating in the ultra-thin glass market include Corning (US), Asahi Glass (Japan), Nippon Electric Glass (Japan), CSG Holding (China), SCHOTT (Germany), Nippon Sheet Glass (Japan), Central Glass (Japan), Xinyi Glass (China), Nittobo (Japan), Luoyang Glass (China), Changzhou Almaden (China), Air-Craft glass (The Netherlands), Emerge Glass (India), AviationGlass & Technology (Netherlands), AEON Industries (China), and Suzhou Huadong Coating Glass (China). These companies have principal operations in the Asia Pacific, North American, and European regions. They are undertaking organic and inorganic expansion strategies to increase their market shares. New product development is an essential strategy in this market to cater exclusive and competitive products to the end-use industries.