Ultra-Thin Glass Market (By Manufacturing: Float, Fusion, Others; By Application: Semiconductor Substrate, Touch Panel Displays, Fingerprint Sensors, Automotive Glazing, Others; By End User: Consumer Electronics, Automotive, Biotechnology, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global ultra-thin glass market is expected to reach around US$ 25.01 billion by 2026 with rising CAGR of around 9.8% during the forecast period 2019 to 2026.

Ultra-thin glass is made from raw materials like silica sand powder, soda ash, and dolomite. These substances are melted in high temperatures furnaces. Molten glass from the furnace flows onto the surface of molten tin in a continuous ribbon bath. The tin bath is then cooled and treated in a lehr becoming flat glass. The products can be tempered, insulated, bent, and coated for different applications.

Market Dynamics

The global ultra-thin glass market has witnessed substantial growth in recent years. the rise in the usage of lightweight materials across industries as well as growing demand from electrical and electronic industries are the key factors fuelling the growth of the global ultra-thin glass market. In addition, the increasing use of ultra-thin glass in solar and health care products will further bolster the growth of the market during the forecast period. Ultra-thin glass plays a major role in electronics industry owing to its properties such as abrasion & corrosion resistance, flexibility, gas barrier capability, surface smoothness, and transparency. These properties create it suitable in touch & display panels, electronic & optical sensors, energy storage devices, semiconductors, and organic electronics such as oxygen and moisture barriers. Growing demand for electronic devices such as LCDs, LEDS, OLEDs, smartphones, monitor, and laptop computer is probably going to boost the utilization of flat display panels. In july 2018, Xiaomi launched a brand new smartphone named Hongmi Note five in capital of South Korea, south korea that uses a tempered ultra-thin glass of 0.3 mm thickness. With this launch the corporate expanded its presence in south korea. The rising smartphone production along with the increasing display sizes of different electronic devices is likely to remain a key factor for the flat panel displays. Along with the smartphones, smartwatches are becoming popular and are witnessing increased share in the wearables industry. In 2018, the smartwatch shipments for Apple, Fitbit, Samsung, and Garmin were 22.5 million units, 5.5 million units, 5.3 million units, and 3.2 million units respectively. Thus, increased production of smartphones and smartwatches is likely to augment the growth of the ultra-thin glass business.

By manufacturing type, float segment is expected to dominate the ultra-thin market

The float manufacturing process is widely used by the manufacturers and hence dominates the ultra-thin glass market by manufacturing segment in 2016. Float glass is manufactured using a melt process, where recycled glass, silica sand, lime, potash and soda are melted in a furnace and floated onto a bed of molten tin. The molten mass solidifies slowly while flowing over the bed of molten tin, after which it is annealed to remove stresses induced during the cooling process. Annealing also allows the glass to reach a more stable state resulting in a higher density and higher refractive index. Tinted float glasses are made by adding coloring agents during the melting process. Common colors include grey and bronze tints made from iron, cobalt, and selenium, green tints made with iron, and blue tints made from cobalt and iron. While tinting may provide aesthetic alternatives to clear glass, tinted glasses also provide materials with different properties, including heat and light transmission (and/or reflectance), ultraviolet transmission and insulation properties.

Based on offering type, the flat panel displays is expected to dominate during the forecast period

Flat Panel Displays has dominated the offering segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period. The section is largely driven by the increasing demand from consumer electronics like LEDs and LCDs. TV panel makers are investing heavily in large-size screens. In december 2017, BOE Technology cluster Co., Ltd., a Chinese electronic elements producer increased its info 10.5 TFT-LCD assembly line OH 65 inch and 75-inch displays in Hefei, Anhui province, China. This in turn is expected to boost the product utilization over the coming years.

The market research study on “Global Ultra-Thin Glass Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global ultra-thin glass market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global ultra-thin glass market, its market manufacturing, application, end user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global ultra-thin glass market size and volume, and segment markets by market manufacturing, application, end user, and geography along with the information on companies operating in the market. The global ultra-thin glass market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, Asia- Pacific dominated the regional market with a maximum market share

Asia- Pacific accounted for the high market share of the global surgical robotics market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are, the factors like increased demand from end-user industries such as consumer electronics, automotive, biotechnology of rising economies of the Asia-Pacific like China, Japan and Asian nation. The rising demand for flat panel displays particularly in China, India, and south korea. China holds nearly 50% of the world flat panel show fabrication plants followed by south korea large led and LED manufacturing firms are increasing in to these countries to fulfill the growing demand from customers.

The key companies involved in the market includes 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-Craftglass (Netherlands), Emerge Glass (India), AviationGlass & Technology (Netherlands), AEON Industries (China), and Suzhou Huadong Coating Glass (China) are operating in this market.

Market Segmentation

Market By Manufacturing

• Float
• Fusion
• Others

Market By Application

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

Market By End User

• Consumer Electronics
• Automotive
• Biotechnology
• Others

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa