Ultra-Thin Glass Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
The global ultra-thin glass market size is anticipated to reach USD 27.74 billion by 2025, expanding at a CAGR 10.1% over the forecast period, according to a new report by Grand View Research, Inc. The demand for ultra-thin glass is increasing in semiconductors on account of superior characteristics such as light weight and optimum performance as compared to its counterparts. In April 2019, Samsung Electronics announced investment of around USD 114.8 billion by 2030 in logic chips business. The ongoing investments in the semiconductor industry is likely to augment the product demand over the coming years. Ultra-thin glass is gaining acknowledgement in solar industry for manufacturing of solar panels. Leoflex, an ultra-thin glass produced by AGC Inc. of thickness ranging from 0.85mm and 1.10mm is extensively used for solar panels. According to the International Renewable Energy Agency, the solar photovoltaic capacity installations increased by 24.4% from 2017 to 2018 and is expected to grow by 50% from 2019 to 2024. The rising capacity installations is likely to propel the demand for solar panels, which can positively impact on the demand for ultra-thin glass. Browse Details of Report @ https://www.grandviewresearch.com/industryanalysis/ultra-thin-glass-market
The market is highly consolidated and competitive in nature due to presence of multinational corporations. Also, manufacturing processes including down-draw and overflow are both technology and capital-intensive. These factors are anticipated to create barriers for new entrants over the forecast period. Ultra-Thin Glass Market Report Highlights
Semiconductor segment is anticipated to register a CAGR of 10.3% in terms of volume, owing to increasing growth prospects in emerging technologies like autonomous driving and internet of things over the coming years.
Asia Pacific is the fastest growing segment with a CAGR of 11.1% in terms of revenue due to presence of more than half of the global semiconductor and flat panel display fabrication plants in the region.
North America is anticipated to witness a CAGR of 8.2%, in terms of volume, owing to increasing preference towards thinner automotive glazing in the region. In 2016, Saint-Gobain & Corning announced establishing a joint venture, which will manufacture automotive glazing solutions using ultra-thin glass.
In June 2019, Pulp Studio, a glass manufacturer launched a new product named DermaGlass, a lightweight and durable ultra-thin glass with a thickness of 1.3mm. It is damage resistant and is used in exteriors, facades, and interior applications.
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analysis/ultra-thin-glass-market/request/rs1 Ultra-Thin Glass Market Segmentation Grand View Research has segmented the global ultra-thin glass market on the basis of application and region: Application Outlook (Revenue, USD Million; Volume, Million Square Meters; 2014 - 2025)
Flat panel displays
Semiconductors
Automotive glazing
Others
Regional Outlook (Revenue, USD Million; Volume, Million Square Meters; 2014 2025)
North America
U.S.
Europe
Germany
Asia Pacific
China
India
South Korea
Central & South America
Brazil
Middle East & Africa
Table of Content Chapter 1. Methodology and Scope 1.1. Market segmentation & scope 1.2. Market definition 1.3. Information procurement 1.3.1. Purchased database 1.3.2. GVR’s internal database 1.3.3. Secondary sources & third-party perspectives 1.3.4. Primary research 1.4. Information analysis 1.4.1. Data analysis models 1.5. Market formulation & data visualization 1.6. Data validation & publishing
Chapter 2. Executive Summary 2.1. Market snapshot Chapter 3. Ultra-Thin Glass Market Variables, Trends & Scope 3.1. Global ultra-thin glass market outlook 3.2. Penetration & growth prospect mapping 3.3. Industry value chain analysis 3.3.1. Raw material trends 3.3.2. Manufacturing trends 3.3.3. Sales channel analysis 3.4. Regulatory framework 3.4.1. Standard & compliances 3.4.2. Safety Continue‌‌‌ About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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