Ultra-Thin Glass Market To Witness Growth of
$27.74 Billion By 2025
The global ultra-thin glass market size is anticipated to reach USD 27.74 billion until 2025. It is anticipated to register
growth with 10.1% CAGR during the forecasted period, 2020 to 2025. This growth can be attributed to the rising usage
of electronic devices like televisions, smartphones, laptops, and computers among the millennial population.
Properties like good abrasion resistance, transparency, surface smoothness have paved the way for usage of such
glasses in the manufacturing of optical & electronic sensors, organic electronic devices, and semiconductors.
The popularity of smartphones, LCDs, LEDs, monitors, laptops, and OLEDs is increasing on account of clarity and better
resolution. Xiaomi launched Hongmi Note 5, a smartphone that used 0.3 mm thickness ultra-thin tempered glass. Also,
surging usage of smartwatches among the health-conscious millennial population is gaining traction, thereby driving
demand for ultra-thin glasses in the upcoming years.
In 2018, Asia Pacific held largest share of 70.5% across global market owing to rising demand for displays having flat
panels across countries like India and China. Europe is expected to register 6.4% CAGR from 2019 to 2025 on account of
rising demand of such glasses across sectors like solar energy, automotives, LED and LCD manufacturers. In North
America, the U.S. constituted for a majority of the market share due to well established semiconductor industry.
The ultra-thin glass market is competitive and consolidated owing to the presence of several multinational corporations.
It includes key players like AGC Inc., SCHOTT AG, Corning Incorporated, and Xinyi Glass. They are engaged in
implementing several marketing strategies like capacity expansion to gain a competitive advantage over other players.
Request Sample Copy of This Market Research @