Ultra-Thin Glass Market Analysis, Forecast Of Business Revenue, Size, Leading Competitors and Growth Trends
Ultra-Thin Glass Market
A smartphone can be wrapped around your wrist without breaking the display or battery. The technological innovation in ultra-thin glass has made it possible. The ultra-thin glass is as thin as human hair yet stable and extremely stylish in appearance. The ultra-thin glass is ideally used for covering bendable displays. The most vital data is stored in smartphones. To ensure protection to the data, manufacturers have integrated fingerprint sensors for ID check. The ultra-thin glass has proved to be more efficient compared to the other glasses as it helps to identify the unique fingerprint very easily.
Downdraw process, overflow downdraw method, and Pilkington process are the common techniques used for ultra-thin glass production.
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The Downdraw technique used for producing flat glass constituted to 7% of the market share of ultra-thin glass industry in 2019. The Downdraw technique is commonly used by the manufacturers. The process is used for ultra-thin glass production is mainly preferred due to its ability to offer a perfect finish to the glass and delivers a quality product. Glass manufactured by using this method has more flexibility, toughness, and a smooth finish. Owing to the abilities of the process downdraw process is predicted to rise its demand of Ultra-Thin Glass Market in the forthcoming years.
The global ultra-thin glass market size is projected to grow from USD 7.8 billion in 2019 to USD 16.3 billion by 2028, approximately at a CAGR of 11.0%. The ultra-thin glass is one of those high-end glasses that is thinner than a single human hair strand. This smaller glass size has advantages over other materials such as steel, plastics, or silicone. It offers numerous advantages including superior optical efficiency, chemical consistency, regulation of temperature, and mechanical resistance.
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Ultra-thin glass applications also include flat panel displays used in manufacturing consumer electronics and computer devices, touch screen devices like smart mobile phone, tablets and mobile devices, and semiconductor substrate. Flat panel display devices contribute a share of 50% to the total market share of ultra-thin glass industry. The flat panel displays devices will continue to dominate the Ultra-Thin Glass Market in future.
These trends are witnessed as consumers are adopting advanced electronics and the implementation of the automotive display technology is growing. In automotive applications it is used for weight reduction. The Ultra-Thin Glass Market is predicted to propel owing to its automotive and electronic applications.
The key players operating in the global ultra-thin glass market include Nippon Electric Glass, Central Glass, Asahi Glass, Corning, and SCHOTT.
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Key Segments of the Global Ultra Thin Glass Market
Thickness: Overview, 2018-2028 (USD Million)
Manufacturing Process: Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
- Semiconductor Substrate
- Touch Panel Display
- Flat Panel Displays
- Automotive Glazing
End-user Industry:Overview, 2018-2028 (USD Million)
- Consumer Electronics
- Automotive & Transportation
- Medical & Healthcare
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
What does the report include?
- The study on the global ultra thin glass includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on solution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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