Ultra-thin Glass Market by End-user and Geography - Forecast and Analysis 2020-2024
- Published: Oct 2020
- Pages: 120
- SKU: IRTNTR45236
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The ultra-thin glass market size has the potential to grow by USD 9.13 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (consumer electronics, photovoltaic and energy storage, lighting, and others) and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AGC Inc., Central Glass Co. Ltd., China Luoyang Float Glass Group Co. Ltd., Corning Inc., CSG Holding Co. Ltd., Nippon Electric Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Taiwan Glass Ind. Corp., and Xinyi Glass Holdings Ltd.
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Market Competitive Analysis
The market is fragmented due to the presence of a considerable number of vendors. By offering a complete analysis of the competitive landscape of the market and with information on the products offered by the ultra-thin glass manufacturers, this ultra-thin glass industry analysis report will aid clients to identify new growth opportunities and design new growth strategies. AGC Inc., Central Glass Co. Ltd., and China Luoyang Float Glass Group Co. Ltd. are some of the major market participants. Although the increase in demand for flat panel displays will offer immense growth opportunities, the rapid changes in technology will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this ultra-thin glass market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this ultra-thin glass market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- AGC Inc.
- Central Glass Co. Ltd.
- China Luoyang Float Glass Group Co. Ltd.
- Corning Inc.
- CSG Holding Co. Ltd.
- Nippon Electric Glass Co. Ltd.
- Nippon Sheet Glass Co. Ltd.
- SCHOTT AG
- Taiwan Glass Ind. Corp.
- Xinyi Glass Holdings Ltd.
Ultra-thin Glass Market: Segmentation by End-user
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The consumer electronics segment is expected to be the major end-user of the ultra-thin glass market in the forecast period. The major areas of application are in smartphones, television, and wearable devices. Owing to their properties, such as lightweight, ultra-smoothness, transparency, flexibility, and improved electrical resistance, ultra-thin screens are finding extensive use in manufacturing light-emitting diode (LED) and organic LED (OLED) display panels.
Market growth in this segment will be slower/faster than the growth of the market in the photovoltaic and energy storage, lighting, and others segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the ultra-thin glass market size.
Ultra-thin Glass Market: Segmentation by Geography
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APAC was the largest ultra-thin glass market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growth in the production of consumer electronics, ultra-thin solar cover glasses, and ultra-thin automotive head-up displays will significantly drive ultra-thin glass market growth in this region over the forecast period.
64% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for ultra-thin glass in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Ultra-thin Glass Market: Key Drivers and Trends
The increasing demand for flat panel displays is expected to drive ultra-thin glass market growth. Ultra-thin glass-based displays are lightweight, flexible, highly responsive, ultra-clear, and provide optimum electric resistance. Hence, ultra-thin glass is extensively used in the production of flat panel display products such as flat-screen televisions, laptops, flat-panel monitors, smartphones, and smart wearables. Consumers are demanding bigger displays in liquid-crystal display (LCD) televisions, smartphones, automotive, and tabs; out of these applications, TV screen size is expected to be the biggest force during the forecast period. The flat panel displays in the automotive industry are driven by the demand for larger central information displays (CIDs) and the growth of smart cars, which use advanced driver assistance systems (ADAS). The growth in end-user industries offering flat-panel display-based products will have a significant influence on the demand for ultra-thin glasses across the globe.
The growing middle-class population is also one of the factors that will influence the growth of the ultra-thin glass market. The strong economic growth and increased urbanization are expected to increase the middle-class population. The upper-middle-class population is among the major contributors to the sales of consumer electronic products, such as flat-panel televisions, smartphones, and laptops. Furthermore, manufacturers of consumer electronics are increasingly targeting middle-class customers by lowering the prices of their premium products. As a result, the adoption of premium consumer electronics among the middle-class population has increased. In addition, the total expenditure of the middle-class population is expected to double by 2030 from the present scenario. This increase in disposable income is expected to fuel the sales of more consumer electronic devices, thereby increasing the demand for phones and televisions, which is contributing to fuel the growth of the global ultra-thin glass market.
Ultra-thin Glass Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive ultra-thin glass market growth during the next five years
- Precise estimation of the ultra-thin glass market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the ultra-thin glass market industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ultra-thin glass market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- South Korea (Republic of Korea)
- Increase in demand for flat panel displays
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