3D Display Technologies Is Fastest Growing Segment Fueling The Growth Of Ultra-Thin Glass Market

 


The global Ultra-Thin Glass Market is estimated to be valued at US$ 12.5 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Ultra-thin glass is lightweight transparent material used where strength and visibility are valued. Its applications include touch panels, display screens, and protection cover for various electronic devices. It offers advantages like flexible nature, transparency and durability over existing thick protective glass.

Market key trends:
Advanced manufacturing processes is one of the key trends in ultra-thin glass market. New production processes like aluminosilicate process and fusion process allows mass production of ultra-thin glass in very less thickness. These advanced methods ensures ultra-thin glass to be highly durable and transparent even at sub 0.1mm thickness. They are enabling wider applications of ultra-thin glass in various gadgets and technological areas including foldable smartphones and 3D displays.

Segment Analysis
The ultra-thin glass market is segmented by type into below 0.1 mm, 0.1–0.5 mm, 0.5–1.0 mm, and 1.0–1.5 mm. Among these, the 0.1-0.5 mm segment dominated the market in 2022, accounting for around 40% share. This segment is further expected to witness strong growth during the forecast period owing to wide application scope across automotive, electronics and consumer electronics industries which require scratch resistant, sturdy and ultra-thin glass for optimal functionality.

Key Takeaways
The Global Ultra-Thin Glass Market Size is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing demand for slim, light-weight and durable display panels across various end use industries like consumer electronics, automotive and aerospace.

By region, Asia Pacific dominated the global market in 2022 and is estimated to maintain its dominance over the forecast period. This is attributed to growing electronics and automotive industries as well as increasing investments by prominent players in countries like China, India, Taiwan and Japan.

Key players operating in the ultra-thin glass market are Corning Inc., AGC Inc., Schott AG, Nippon Electric Glass Co., Ltd., Central Glass Co., Ltd., Xinyi Glass Holdings Limited, AIR-CRAFTGLASS, NOVALGLASS, and Tawian Glass Group. Among these, Corning Inc. holds the leading position globally, owing to its strong portfolio of ultra-thin glass products along with wide customer base and distribution network across major regions.

Read More: https://www.ukwebwire.com/ultra-thin-glass-market-size-share-and-growth-forecast-2023-2023/

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