Ultra-Thin Glass Market - By Thickness, By Production Process (Downdraw Process, Overflow-fusion Process, Float Process), By Application (Semiconductor Substrate, Flexible & Flat-panel Displays, Touch-control Devices) & Forecast, 2022-2028

Industry Overview

Ultra-Thin Glass Market size was USD 12.9 billion in 2021 and will grow at a CAGR of 11.2% from 2022 to 2028. The industry share by volume is projected to observe around 10.6% CAGR over the forecast period to reach 1,897.98 million sq. feet by 2028.
 

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An ultra-thin glass refers to a glass, which is thinner than 2mm. This glass comes in ultra-clear, borosilicate, non-glare, anti-reflective, and other forms. Lightweight, wide range of compositions, scratch resistance, and flexibility are some of the common attributes of ultra-thin glass.
 

Growing demand for consumer electronics is expected to bolster the ultra-thin glass market growth. LCDs & OLEDs TVs, touchscreen touch modules, solar panels, semiconductors, and other consumer electrical items require ultra-thin glass. Furthermore, electronic items are being upgraded at a faster rate, rendering older versions obsolete.
 

Manufacturers of ultra-thin glasses will benefit from advancements in science and technology in the electronics sector. In the electronics business, extensive research on flexible phones, screens, and tiny batteries is anticipated to accelerate product acceptance. Furthermore, Growth in the global semiconductor & solar energy sectors will boost the demand for ultra-thin glasses.
 

The overflow-fusion process to witness strong growth over the forecast timeframe

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The overflow-fusion process segment will witness over 11% CAGR over the forecast timeframe. The process is an essential method employed in the development of glass sheets that are incorporated in TFT/LCD devices. The process begins by melting and mixing raw materials for the production of molten glass. This molten glass flows over the outer surface of the bath. The glass then cools down while flowing without coming in contact with any surface. The simplicity, effectiveness, and expanding uptake by several firms are primarily responsible for the high growth rate.
 

The float process segment will generate around 150 million sq. meters by 2028. This production process is widely adopted by manufacturers due to its ability to manufacture ultra-thin glasses of various thicknesses. It is the most common method adopted by Chinese manufacturers and thus has a higher demand & growth rate. Various additives are used in this process to enhance the chemical & mechanical properties of the glass. Ultra-thin glasses produced from this process provide high optical transparency, further accelerating the demand for ultra-thin glass manufactured using this process.
 

Less than 0.1 mm segment to hold significant share

Less than 0.1 mm segment is emerging as one of the most popular and fastest-growing ultra-thin glass being used globally. The segment will hold over 30% revenue share by 2028 and is attributed to its rising applications in the Micro-Electro-Mechanical Systems (MEMS) sector. Product penetration will increase due to smart technology demand, development trends in the automotive sector, and increasing applications of IoT. Less thickness of these glasses has led to their increased adoption in the electronics sector, amplifying the product demand.
 

Rising adoption of touch-control devices to support the revenue generation

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The touch-control devices segment is projected to generate over USD 10.5 billion by 2028. Touch-control devices are mainly touch screen devices, which are an assembly of input (touch panel) and output (display). These devices enable the user to interact directly with the content that is displayed rather than using a touchpad, remote, mouse, or any such device. Due to societal conventions of social distance and widespread lockdowns, the COVID-19 outbreak has inevitably increased the usage of digital technology. Organizations and individuals around the world have adapted to new methods of working and living.
 

Asia Pacific is assessed to be the key regional market

The Asia Pacific ultra-thin glass market is projected to generate over USD 14 billion by 2028 due to the flourishing electronics industry and increasing consumer disposable incomes. China has a strong electronics industry and contributes to market growth. Other countries in the region are also becoming manufacturing hubs for the automobile sector, which will further create product demand. The growing population coupled with rising standards of living is raising the demand for touch control devices. Furthermore, the strong growth in technology in developing countries including India, Malaysia, and Bangladesh will amplify the regional growth.
 

The ultra-thin glass industry is largely fragmented into several prominent and small manufacturers including Schott AG, Nippon Sheet Glass Co., Ltd., AGC Inc., Luoyang Glass Co., Ltd., Corning Inc., CSG Holdings Co., Ltd., Taiwan Glass Ind, Emerge Glass, Central Glass Co., Ltd., Xinyi Glass Holdings Ltd., Changzhou Almaden Co., Ltd., and Noval Glass Co., Ltd.
 

The ultra-thin glass market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million sq. meter and revenue in USD million from 2022 to 2028 for the following segments:

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By Thickness

• Less than 0.1 mm
• 0.1 to 0.5 mm
• 0.5 to 1.2 mm

By Production Process

• Downdraw process
• Overflow-fusion process
• Float process

By Application

• Semiconductor substrate
• Flexible & flat panel displays
• Touch-control devices
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Ireland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America (LATAM)
  • Mexico
  • Brazil
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa