Market
Overview:
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.
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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.
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. .
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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