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

Published Date: Aug 2020  |  Report ID: GMI4798  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 250   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

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. 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. The market is expected to grow exponentially in the coming years owing to the strong demand for consumer electronics around the world. Furthermore, consumers electronic products are upgrading at a higher pace, making previous versions outdated.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.

In terms of revenue, market is expected to witness exponential growth owing to very strong demand from electronic industry. Moreover, the ultra-thin glass market will witness significant growth owing to megatrends in the energy, mobility, and smart technology sectors.

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 demand.

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 the overall production 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.

The manufacturing process of ultra-thin glass is technology-intensive, capital-intensive, and complex. Aforementioned challenges in production processes are expected to refrain other players from entering the market. The ultra-thin glass market share is likely to be dominated by few international players with high capital and technology resources, decreasing bargaining power of customers.

The novel COVID-19 pandemic has severely affected the overall value chain. Lockdowns, closing of international borders, and suspension of work in factories have impacted product supply in the global market. However, countries around the world are opening as situations normalize, thus reinstating product supply in the global ultra-thin glass market.

Ultra-thin Glass Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 12.5 Billion
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:12.7%
2026 Value Projection:USD 22.9 Billion
Historical Data for:2016 to 2019
No. of Pages:250
Tables, Charts & Figures:250
Segments covered:Thickness, Production process, Application and Region
Growth Drivers:
  • Rapidly growing electronics industry in Asia Pacific
  • Increasing demand for consumer electronics.
  • Growing penetration in solar panels
  • Rising applications in construction industry
  • Strong growth in semiconductor industry
Pitfalls & Challenges:
  • Raw material price fluctuations
  • Complex manufacturing process

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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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Ultra-thin glass market revenue from 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.

The trend is likely to continue in the coming years owing to high penetration of ultra-thin glass in TV display panels. Strong demand for flat screen TVs in developed countries along with the rising penetration in developing countries will propel market growth.

Overflow processed glass demand will grow significantly

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 ultra-thin glass market from touch control devices is expected to reach over USD 9.5 billion in 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 market 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 2016 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

Frequently Asked Questions (FAQ) :

Ultra-thin glass market size from 0.1mm to 0.5mm thickness segment will cross USD 14.5 billion by 2026, driven by slimming trends in display devices & extensive product usage in consumer devices.
The efficiency, ease, and rising adoption by manufacturers will push the demand for overflow-fusion process. The segment is anticipated to register 13% CAGR through 2026.
Ultra-thin glass market size from touch control devices may exceed USD 9.5 billion by 2026, driven by the popularity and sales of tablets, e-books, and smartphones that have enhanced human communication.
Demand for the product will soar in Europe, due to the presence of strong players and well-established end-use sectors such as automotive and electronics industries. Europe held 15% business share in 2019.

Premium Report Details

  • Published Date: Aug 2020
  • Pages: 250
  • Tables: 228
  • Charts / Figures: 22
  • Companies covered: 56
  • Countries covered: 19

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