Ultra-thin Glass Market Estimated to Reach USD $30 Billion by End of 2030

Ultra Thin Glass Market Highlights

The global ultra-thin glass market, during the forecast period 2023 to 2030, will register growth at a CAGR of 9.00%. The market for ultra-thin glass is set to reach a high value. As per ultra-thin glass market analysts, the global market is anticipated to witness growth owing to the factors such as rapidly growing demand for UTG in automotive as well as rise in technologies like 5G and IoT. However, the this market will face challenges and restraints due to easily shattering property of UTG and threat from adverse environments during the forecast period 2023 to 2030.

The rapid expansion of the semiconductor industry in this market is set to play a key role in determining the growth potential during 2023 to 2030 years. Analysts have also studied the ultra-thin glass market to understand potential threats and challenges the ultra-thin glass market companies could face. Although the Ultra Thin Glass Market is poised to grow at a fast pace across manufacturing process, application, thickness, and end-use industry segments, factors such as high cost handling could slow down the ultra-thin glass market's growth worldwide.

Market Segmentation

The market has been segmented into manufacturing process, application, thickness, and end-use industry. Based on the segment which is the manufacturing process, the market is categorized on the basis of float and fusion. The global market for ultra-thin glass is further segmented based on application into touch panel display, and semiconductors. Furthermore, the market, on the basis of thickness is segmented into < 0.1 mm, 0.1-0.5 mm. Based on the segment which is the end-use industry, the market is categorized on the basis of electrical & electronics and automotive.

The global ultra-thin glass market research report covers all the aspects of the this market based on the segmental analysis of these manufacturing processes, application, thickness, and end-use industry segments. Analysts have also studied the global ultra-thin glass market's regional markets spread across many continents and countries. The manufacturing process, application, thickness, and end-use industry segments along with their sub-segments have been analyzed and companies functioning in this market across these segments are profiled and analyzed based on input and feedback from ultra-thin glass market based decision makers as well as primary and secondary sources. The Ultra Thin Glass Market research report presents analysis based information for companies functioning in the ultra-thin glass market.

Regional Overview

Complex handling and easy to break property may hinder the ultra-thin glass market growth. The market research report suggests that companies in this market could be supported by applications in the automobile sector as well as growth of the semiconductor industry during the forecast period. The ultra-thin glass market is set to register growth at a high CAGR owing to these key factors. This market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global Ultra Thin Glass Market research report reveals that APAC, North America, and Europe regional ultra-thin glass markets will dominate the global market for ultra-thin glass during the forecast period 2023 to 2030. As per ultra-thin glass market analysts, the market is set to witness tremendous growth across float segments, microelectronics, and 0.5–1.0 mm thickness segments in North America which covers ultra-thin glass markets across the United States, Canada, Mexico and several other regional markets. Companies active in the ultra-thin glass market are also analyzed and studied in this market research report.

The market for ultra-thin glass for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the ultra-thin glass market research report covers the Asia-Pacific region covering ultra-thin glass markets from India, China, Japan, Australia, and others. The ultra-thin glass market is also spread across the rest of the world. This market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Ultra-thin glass has seen increased demand over the years, due to the rising disposable income and consumption of advanced consumer electronics. Companies functioning in the global market for ultra-thin glass are also being challenged due to fluctuations in raw materials’ price and extra need for care. Mergers and acquisitions by ultra-thin glass market companies are anticipated to help the market during the forecast period 2023 to 2030. As the market is set to register a high CAGR of 9.00% and is also anticipated to reach a higher value mark, the report highlights key areas companies need to focus on. The report suggests that the ultra-thin glass market will see a healthy growth in the long run till 2030. Based on SWOT analysis and ultra-thin glass market’s analysis based on Porters’ Five Force Model presented in this market report. Mergers and acquisitions by ultra-thin glass market companies are anticipated to help the market during the forecast period 2023 to 2030. 

Industry News

According to people with information about the insider issue, Blackstone Group Inc. has agreed to buy the Indian company Piramal Enterprises Ltd. glass business for about 1 billion US$. In next few weeks, one party may reveal the deal, asking not to identify the information as private. Another individual said, the US private equity giant is discussing with banks a 5-year loan worth about $400 million. Piramal Enterprises aims at selling such non-core companies to increase money.Access Full Report Details: Ultra-Thin Glass Industry