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Ultra thin Glass Market Size by Thickness (Less than 0.1 mm, 0.1 to 0.5 mm, 0.5 to 1.2 mm), Production (Downdraw Process, Overflow-fusion Process, Float Process) and Application (Semiconductors Substrate, Flat-panel Displays, Touch-control Devices), Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4798
  • Base Year: 2019
  • Report Format: PDF

Industry Overview

Ultra-thin Glass Market size was USD 12.4 billion in 2019 and will grow at a CAGR of 12.7% from 2020 to 2026 owing to the strong demand for consumer electronics around the world. The approaching age of information along with technological development in consumer electronics is a key factor responsible for market growth.

Ultra-thin glass is extensively used in consumer electronic products such as LCD & OLED displays, TVs, touch modules of touchscreens, solar panels, semiconductors, etc. Furthermore, consumers electronic products are upgrading at a higher pace, making previous versions outdated. Thus, the ever-increasing demand for consumer electronics is expected to increase the ultra-thin glass market growth.

Ultra-thin Glass Market Outlook

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Advancements in science and technology in the electronics industry will create lucrative opportunities for ultra-thin glass manufacturers. Extensive research in bendable phones, displays, and thin batteries is likely to push product adoption in the electronics industry. Furthermore, the scaling of semiconductor industry and solar energy sector globally will increase the ultra-thin glass market demand.

The electronics industry is a fast changing one, with its technologies in a rapid state of progress, creating new areas for product penetration. For instance, rising penetration of biometric sensors in every day devices will push market growth.

Currently, automotive manufacturers are focusing on reducing the weight of automobiles to increase fuel efficiency. Glass is a major material used in automobiles and is currently witnessing a weight reduction trend. To meet these requirements, product manufacturers are developing unique products for the automobile industry.

Rapidly growing end-use industries such as semiconductor are witnessing an increase in product demand. The global semiconductor industry is set to witness strong growth due to emerging technologies such as 5G and the Internet of Things (IoT). With consistent spending on R&D in the semiconductor sector, market for ultra-thin glass will increase significantly.

The market growth is heavily tied with socioeconomic factors such as increasing disposable income and demand of new &updated consumer electronics. High economic growth and decreasing cost of electronic products and parts will boost the ultra-thin glass market growth.

However, fluctuation in raw material prices will create a challenge for industry stakeholders around the world. This is mainly attributed to the high percentage of raw material cost. In production processes, raw material cost is responsible for approximately 52% of the overall cost. Any deviation in raw material prices will affect production cost, in turn, affecting product’s selling price.

Continued slimming trend in display devices will increase 0.1 to 0.5 mm ultra-thin glass demand

Ultra-thin Glass Market, By Thickness

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Thickness ranging from 0.1mm to 0.5mm is expected to reach over USD 14.5 billion in 2026. The high market growth is attributed to high penetration of this glass in regular consumer devices and slimming trend in display devices. The average thickness of flat screen TV decreased from 38 mm to 22.5 mm during 2015 and 2016. Thickness has reduced by 70% in these two years. Strong demand for flat screen TVs in developed countries along with the rising penetration in developing countries will propel the ultra-thin glass market growth.

Overflow processed glass demand will grow significantly

Ultra-thin Glass Market by Production Process Ultra-thin Glass Market, By Production Process

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Overflow-fusion process will grow at a CAGR of 13% during 2020 - 2026. The strong growth rate is mainly attributed to its ease, efficiency, and increasing adoption by multiple manufacturers. Corning was the first company to produce specialty glass with overflow-fusion process.

Unlike glass manufactured from other processes, fusion process is cost-efficient and saves money in post-production steps, owing to which it is more popular among manufacturers. Float process will continue to dominate the ultra-thin glass market owing to high adoption of this process by Chinese manufacturers.

Rising adoption of touch control devices will drive market growth

Ultra-thin Glass Market, By Application

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The control devices is expected to reach over USD 9.5 billion by 2026. Smartphones, tablets, and e-books have become a crucial part of people’s daily activities. These devices connect people to the world and other people around the world, thus becoming crucial in human communication.

Furthermore, touch control devices are gaining adoption in wearable technologies and other products such as smart cars, refrigerators, smart homes, etc. Increasing demand of touch control devices will increase product penetration in these devices.

Europe to hold prominent share in the global ultra-thin glass market

Ultra-thin Glass Market, By Region

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Europe accounted for more than 15% revenue share in 2019. The region has a presence of dominating players such as Corning, Asahi Glass Co., Ltd. (AGC) and Nippon Sheet Glass (NSG). Europe boasts of a strong electronics and technology industry. The automotive industry in the region is investing in research & development of lightweight materials for automobiles due to stringent environment regulations. High concentration in the end-user sector and high disposable income will propel the ultra-thin glass market sales.

Product innovation is a key strategy among industry participants

SCHOTT AG is a dominating player in the ultra-thin glass industry with strong production capacity. The company has developed a range of products with thickness ranging from 0.025mm to 4mm. The company has received an innovation award in April 2016 for developing flexible ultra-thin glass. Other major players involved in the ultra-thin glass industry are Corning, Asahi Glass Co., Ltd. (AGC) and Nippon Sheet Glass (NSG). The market is concentrated with major players, contributing significant percentage to the overall revenue.

The Ultra-thin glass market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2026, for the following segments:

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

  • Semiconductors substrate
  • 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
    • Mexico
    • Brazil
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

Demand for 0.1mm to 0.5mm ultra-thin glass is anticipated to exceed USD 14.5 billion by 2026 owing to higher penetration in regular consumer devices and the growing slimming trend in display devices.

The overflow-fusion process production segment is expected to strike a CAGR of 13% up to 2026 due to the rising need for efficiency and higher adoption by multiple manufacturers.

The industry share of ultra-thin glass was valued at more than USD 12.4 billion in 2019 and is pegged to record a CAGR of more than 12.7% up to 2026.

The value of control devices in the ultra-thin glass market is expected to be valued at over USD 9.5 billion in 2026 driven by the emergence of smartphones, tablets, and e-books.

Europe captured around 15% of the ultra-thin glass industry revenue share in 2019 and will witness expansion with the robust presence of the electronics and technology sector in the region.

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Premium Report Details

  • Published Date: Aug 2020
  • Companies covered: 56
  • Tables & Figures: 250
  • Countries covered: 19
  • Pages: 250

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