Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The ultra-thin glass market has experienced significant growth in recent years due to increasing demand from various industries such as electronics, automotive, and construction. Ultra-thin glass, typically defined as having a thickness of less than 1mm, offers advantages such as lightweight, flexibility, and improved optical properties, making it suitable for a wide range of applications. One of the key drivers of market growth is the growing adoption of ultra-thin glass in electronic devices such as smartphones, tablets, and laptops. As consumers demand thinner and lighter devices with larger screens, manufacturers are turning to ultra-thin glass to meet these requirements while maintaining durability and performance.
Ultra-thin glass market trends are decent in the forecast period. There are plenty of factors that contribute to the growth of this market. Demand for the 0.1mm to 0.5 mm segment is surging. This 0.5mm ultra-thin glass is flat. Due to its smooth surface, and is heat resistance high growth is expected. It is widely used in smartphones, tablets, and LCDs. The float manufacturing segment of the market will hold the highest shares.
In addition to the electronics industry, the automotive sector is also driving demand for ultra-thin glass. With the increasing focus on electric and autonomous vehicles, there is a growing need for lightweight materials that can improve fuel efficiency and accommodate advanced technologies such as heads-up displays and augmented reality dashboards. Ultra-thin glass offers a solution by providing a lightweight and durable alternative to traditional materials such as plastic and acrylic.
Furthermore, the construction industry is beginning to embrace ultra-thin glass for applications such as facades, windows, and interior partitions. The use of ultra-thin glass in buildings can help architects and designers achieve sleek and modern aesthetics while maximizing natural light and energy efficiency. Additionally, advances in glass manufacturing technology have made it possible to produce larger and thinner glass panels, further expanding the potential applications of ultra-thin glass in the construction sector.
Another important trend driving the ultra-thin glass market is the increasing emphasis on sustainability and environmental responsibility. Ultra-thin glass is often recyclable and can be produced using eco-friendly manufacturing processes, making it an attractive option for companies looking to reduce their carbon footprint. Additionally, the lightweight nature of ultra-thin glass can contribute to fuel savings during transportation and installation, further enhancing its environmental credentials.
In terms of regional trends, Asia Pacific is expected to dominate the ultra-thin glass market due to the presence of key manufacturers and high demand from industries such as electronics and automotive. Countries like China, Japan, and South Korea are leading producers of ultra-thin glass and are investing in research and development to further improve product quality and performance. Additionally, rapid urbanization and infrastructure development in emerging economies are driving demand for ultra-thin glass in the construction sector.
Looking ahead, technological advancements such as the development of ultra-thin glass with enhanced strength and flexibility are expected to open up new opportunities in industries such as healthcare, aerospace, and renewable energy. For example, ultra-thin glass could be used in medical devices such as implantable sensors and diagnostic tools, as well as in lightweight components for aircraft and spacecraft. Furthermore, the growing focus on renewable energy sources such as solar power could drive demand for ultra-thin glass in the manufacturing of solar panels and other photovoltaic systems.
Ultra-Thin Glass Market Highlights:
Global Ultra-thin Glass Market Overview
Ultra-thin Glass Market Size was valued at USD 13 Billion in 2022. The Ultra-thin Glass market industry is projected to grow from USD 19 Billion in 2023 to USD 30 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2023 - 2030). Thin glasses have Superior optical quality, consistency, thermal stability, and mechanical resilience. These benefits make thin glass more exceptional than its competitors. are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Ultra-thin Glass Market Trends
-
Growing Demand from the automotive industry to boost market growth
Ultra-thin glass is a type of glass that is thinner than conventional glass, often with a thickness of fewer than 100 microns. It is used in a variety of applications, including consumer electronics, architectural glass, and automotive glass. One potential application for ultra-thin glass in the automotive industry is for use in displays and touchscreens. As cars become more connected and autonomous, there is an increasing demand for high-quality displays that can provide information to drivers and passengers. Ultra-thin glass can offer several advantages over other materials, including greater flexibility and durability, which can be particularly important in automotive applications.
In addition, ultra-thin glass could be used in other parts of the car, such as windows and windshields, to reduce weight and improve fuel efficiency. However, there may be some technical challenges associated with using ultra-thin glass in these applications, including issues related to strength, durability, and safety. Therefore, such factors related to Ultra-thin Glass have enhanced the Ultra-thin Glass market CAGR across the globe in recent years.
Ultra-thin Glass Market Segment Insights
Ultra-thin Glass Manufacturing Process Insights
The Ultra-thin Glass market segmentation, based on the manufacturing process, includes Float, Fusion. The fusion segment held the majority share in 2022 of the Ultra-thin Glass market revenue. The fusion process involves melting glass and then fusing it onto a substrate, while the float process involves floating molten glass on a bed of molten metal to produce a continuous ribbon of glass.
Ultra-thin Glass Application Insights
The Ultra-thin Glass market segmentation, based on application, includes Touch Panel Displays, Semiconductors. The touch panel display segment held the majority share in 2022. The Touch Panel Display segment involves the use of ultra-thin glass in the manufacture of touchscreens for various electronic devices, including smartphones, tablets, and laptops, while the Semiconductor segment involves the use of ultra-thin glass in the manufacture of electronic components, such as microchips.
Ultra-thin Glass End-Use Insights
Based on end use, the Ultra-thin Glass market segmentation includes Electrical & Electronics, Automotive. The automotive segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. The automotive segment dominated the Ultra-thin Glass market, as the use of ultra-thin glass in the automotive industry has been increasing due to its lightweight, high strength, and durability. Automotive manufacturers have been using ultra-thin glass in various components, including windshields, side windows, and sunroofs, to reduce the overall weight of the vehicle and improve fuel efficiency. Additionally, the use of ultra-thin glass in automotive applications can enhance safety and visibility for drivers and passengers. These all factors for Ultra-thin Glass positively impact the market growth.
Figure 2: Ultra-thin Glass Market, by Manufacturing Process, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Ultra-thin Glass Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region has been a major market for the Ultra-thin Glass industry and has exhibited a high demand for the product. This is mainly due to the rapid industrialization and urbanization in countries such as China, Japan, South Korea, and India, which has led to the growth of various end-use industries, including electrical & electronics, automotive, and construction, among others. The rising demand for smartphones, tablets, and other electronic devices, especially in countries such as China and India, has been a significant factor driving the demand for Ultra-thin Glass in the region. In addition, the growing demand for lightweight and fuel-efficient vehicles has increased the use of Ultra-thin Glass in the automotive industry in the Asia Pacific region. Moreover, the region's robust construction industry, coupled with the increasing adoption of green building practices, has boosted the demand for Ultra-thin Glass in the construction sector.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: ULTRA-THIN GLASS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Ultra-thin Glass market accounts for the third-largest market share. This is mainly due to the increasing adoption of Ultra-thin Glass in various industries, including electrical & electronics, automotive, and healthcare, among others. The European Union has been investing heavily in research and development activities to support the growth of the Ultra-thin Glass market and promote sustainable economic development. The region's robust automotive industry, coupled with the growing demand for lightweight and fuel-efficient vehicles, has increased the use of Ultra-thin Glass in the industry. In addition, the increasing focus on energy efficiency and sustainable building practices in the construction industry has boosted the demand for Ultra-thin Glass in the region. The use of Ultra-thin Glass in green buildings, such as photovoltaic glass, has gained popularity in Europe, contributing to the growth of the Ultra-thin Glass market. Further, the Germany Ultra-thin Glass market held the largest market share, and the UK Ultra-thin Glass market was the fastest-growing market in the European region.
North America has been a significant market for Ultra-thin Glass, with the increasing adoption of advanced technologies and the presence of major players in the region. The growing demand for lightweight, flexible, and durable glass for use in smartphones, tablets, and other electronic devices, as well as in the automotive and construction industries, is expected to drive the demand for Ultra-thin Glass in the region. In addition, the rising focus on energy efficiency and sustainable building practices in the construction industry is expected to boost the demand for Ultra-thin Glass in the region. Therefore, North America may present growth opportunities for the Ultra-thin Glass market in the future. Moreover, the U.S. Ultra-thin Glass market held the largest market share, and the Canada Ultra-thin Glass market was the fastest-growing market in the North American region.
Ultra-thin Glass Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Ultra-thin Glass market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Ultra-thin Glass industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Ultra-thin Glass. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Ultra-thin Glass industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Ultra-thin Glass industry to benefit customers and expand the market sector. Major Ultra-thin Glass market players, including SCHOTT, Nippon Electric Glass Co. Ltd., Taiwan Glass Ind. Corp., Nitto Boseki Co., Ltd., Corning Incorporated, Gentex Corporation, Central Glass Co., Ltd., Luoyang Glass Co. Ltd., Xinyi Glass Holdings Limited, Aeon Industries Corporation Ltd., Asahi Glass Co., Ltd., and others, are attempting to increase market demand by funding R&D initiatives.
SCHOTT is a German-based company that specializes in developing, manufacturing, and supplying customized automation solutions for various industries, including healthcare, electronics, and automotive. The company offers a wide range of products and services, including automation systems, assembly and production systems, material handling systems, robotics, and inspection and testing systems. Its automation solutions are designed to help customers increase efficiency, reduce costs, and improve quality and productivity. In addition to its core business, SCHOTT is also committed to sustainability and social responsibility. The company has implemented various measures to reduce its carbon footprint, such as using renewable energy sources, optimizing its production processes, and promoting sustainable transportation.
Nippon Electric Glass Ltd (NEG) is a Japanese company that specializes in the development and manufacturing of glass and glass-related products for various industries, including electronics, automotive, and solar energy. NEG offers a wide range of glass products and solutions, including flat glass, electronic display glass, optical glass, automotive glass, and solar glass. Its products are designed to meet the specific requirements of its customers, such as durability, transparency, and scratch resistance. The company also provides various services, such as product development, quality control, and technical support.
Key Companies in the Ultra-thin Glass market includes
-
SCHOTT
-
Nippon Electric Glass Co. Ltd.
-
Taiwan Glass Ind. Corp.
-
Nitto Boseki Co., Ltd.
-
Corning Incorporated
-
-
-
Luoyang Glass Co. Ltd.
-
Xinyi Glass Holdings Limited
-
Aeon Industries Corporation Ltd.
-
Asahi Glass Co., Ltd among others
Ultra-thin Glass Industry Developments
December 2021: SCHOTT announced that vivo S12 Pro will feature the ultra-strong SCHOTT Xensation α cover glass.
October 2021: Gentex Corporation announced the acquisition of a unique laminating technology that yields durable, lightweight, ultra-thin glass engineered for aircraft cabin partitions, mirrors and wood veneer applications.
Ultra-thin Glass Market Segmentation
Ultra-thin Glass Manufacturing Process Outlook
-
Float
-
Fusion
Ultra-thin Glass Application Outlook
-
Touch Panel Display
-
Semiconductors
Ultra-thin Glass End-Use Outlook
-
Electrical & Electronics
-
Automotive
Ultra-thin Glass Regional Outlook
-
North America
-
US
-
Canada
-
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
