IMARC Group has recently released a new research study “Ultra-Thin Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of Ultra-thin Glass Market?
The global ultra-thin glass market size reached US$ 8.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.5 Billion on by 2027, exhibiting a growth rate (CAGR) of 11.70% during 2022-2027.
What Is The Ultra-Thin Glass?
Ultra-thin glass represents a type of glass with minimal thickness and excellent barrier and scratch-resistant properties. It is used in cover glasses, substrates for flexible organic light-emitting diode (OLED) displays, camera systems, novel micro-batteries, processors, fingerprints, biosensors of smartphones, etc. Ultra-thin glass is also utilized in the manufacturing of glass-based batteries that ensure the connection of small devices and sensors without the requirement of a central power supply. It offers numerous advantages, including superior optical quality, mechanical resistance, chemical consistency, temperature stability, etc., as compared to plastics, metals, silicon, etc. Consequently, ultra-thin glass finds extensive applications in various sectors, such as automotive, healthcare, consumer electronics, etc., across the globe.
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What Are The Key Factors Driving The Global Ultra-thin Glass Market?
The widespread adoption of this glass in the semiconductor industry for transferring data from microchips at the highest transfer rates, owing to its high-frequency electrical properties, is among the key factors stimulating the ultra-thin glass market. Moreover, it is further utilized in the automotive sector to design car interiors and sensors, which is acting as another significant growth-inducing factor.
Besides this, the rising popularity of ultra-thin glass in solar products to enhance the efficiency of the cell while increasing the amount of trapping light inside the solar cell and reducing the incident light is positively influencing the global market. Furthermore, it is also used in the production of electrochromic windows, thereby bolstering the market growth. Apart from this, the escalating demand for smart wearable devices, such as fitness bands and smartwatches, which require heat, water, and weather-resistant display, is anticipated to fuel the ultra-thin glass market over the forecasted period.
Who Are The Key Players/Companies In The Global Ultra-thin Glass Market?
AGC Inc., Central Glass Co. Ltd., Changzhou Almaden Co. Ltd., Corning Incorporated, CSG Holding Limited, Emerge Glass India Pvt. Ltd., Fraunhofer FEP, Nippon Electric Glass Co. Ltd., Nippon Sheet Glass Co. Ltd, Noval Glass Goup Ltd., Schott AG (Carl-Zeiss-Stiftung) and Taiwan Glass Industry Corporation.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Thickness Type:
Breakup by Manufacturing Process:
Breakup by Application:
Breakup by End Use Industry:
By Geography:
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