Press release
Ultra-Thin Glass Market 2024 Global Key Player: Corning Incorporated, Asahi Glass Co., Ltd, Nippon Electric Glass Co., Ltd, SCOTT AG, CSG Holding Co., Ltd, Central Glass Co., Ltd, Xinyi Glass Holdings Limited, Nitto Boseki Co., Ltd, Luoyang Glass Co., Ltd
The ultra-thin glass is a thin sheet of glass ranging from the thickness of less than 0.5 mm to 1.6mm, which makes it suitable to bend like plastic. It possesses a number of superior properties such as thermal stability, electrical insulation, lightweight, chemical compatibility, weather resistance, and flexibility. Ultra-thin glass finds application in semiconductors, touch panel display, fingerprint display, automotive glazing, solar mirror, and medical devices.
The demand for ultra-thin glass is increasing from the electronic industry owing to high dielectric and scratch resistance properties. Growing electrical and electronic device industry along with rising need for smart built up systems in personal devices such as television and smartphones are propelling the market growth. Initiatives taken by the government such as internet of things (IoT), automation and robotics are likely to fuel the demand for ultra-thin glass across the regions. Furthermore, expanding automotive industry in the developing economies such as India, China, and Thailand is propelling the market growth. Increasing penetration of hybrid and electric vehicles due to rising environmental concerns is another factor driving the growth of the global ultra-thin glass market. Growing investment in the solar and wind power projects to promote renewable energy usage in place of conventional energy sources to reduce the extent of carbon emissions is uplifting the market growth globally.
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In 2017, Tesa SE, German-based adhesives manufacturer, planned to develop a new bolding technology for KONFEKT project to develop next-generation organic light-emitting diode. KONFEKT project is supported by the German Federal Ministry of Education and Research with USD 6.8 million investment.
In 2018, Asahi Glass developed an ultra-thin glass of 0.07 thickness for foldable devices such as laptops and smartphones. Increasing demand from the Android phone makers to introduce inventive products, such as foldable smartphones, is majorly influencing the growth of the global ultra-thin glass market.
Market Segmentation
The global ultra-thin glass market is segmented by the manufacturing process, thickness, applications, end-use industry. On the basis of the manufacturing process, the global ultra-thin glass market is segmented into float and fusion. Among these processes, floating process is widely used due to its suitability for architectural purpose and automotive windshields.
Based on the thickness, the market is segmented into 0.5mm, 0.7mm, 0.9mm, 1.1mm, 1.3mm, and 1.6mm. Ultra-thin glass with less than 0.5 mm is used increasingly as a result of lightweight, perfect flatness, and bendability.
On the basis of the application, the market is segmented into semiconductors, touch panel display, fingerprint display, automotive glazing, solar mirror, and medical devices. Ultra-thin glass is widely used in the semiconductors and other consumer electronics owing to high electrical conductivity, electrical insulation and dielectric properties. The product consumption is rising in the automotive industry for manufacturing of panoramic roofs, transparent panels or side/rear windows
Based on the end use industry, the global aluminum honeycomb market is segmented into electrical and electronics, automotive, biotechnology, renewable energy, building & construction, cosmetics & personal care, and healthcare. Electrical and electronics industry accounted for the largest market share owing to growing requirement for electronic devices in home appliances, TV, and sports equipment. The demand for ultra-thin glass is increasing from the construction industry owing to lightweight assemblies and creative designs. Use of ultra-thin glass in cosmetics mirror is growing with the growing demand for cosmetics products. .
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Regional Analysis
Based on the region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific is leading the global ultra-thin glass market with the increasing demand for electronic devices in the home appliances, smartphones, and wearable devices. Furthermore, growing investment in the wind and solar projects is influencing the growth of the ultra-thin glass market. North America and Europe are expected to exhibit a significant growth owing to factors such as the revival of the automotive industry as a result of increasing demand for the electric vehicle. Other regions are expected to witness moderate growth during the review period with growing electrical and electronics industry.
Competitive Analysis
Some of the prominent players in the global ultra-thin glass market are SCOTT AG (Germany), Corning Incorporated (India), Asahi Glass Co., Ltd (India), Nippon Electric Glass Co., Ltd (Japan), CSG Holding Co., Ltd (China), Central Glass Co., Ltd (Japan), Xinyi Glass Holdings Limited (China), Nitto Boseki Co., Ltd (Japan), Luoyang Glass Co., Ltd (China), Emerge Glass (India), and Aeon Industries Corporation Ltd (China).
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