LONDON–(BUSINESS WIRE)–The global ultra-thin glass market size is poised to grow by USD 9.13 billion during 2020-2024, progressing at a CAGR of almost 12% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The ultra-thin glass market is driven by the increasing demand for flat panel displays. 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 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.
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Report Highlights:
- The major ultra-thin glass market growth came from the consumer electronics segment in 2019. However, the photovoltaic and energy storage segment is expected to grow at a faster rate during the forecast period.
- 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. This is attributed to the growth in the production of consumer electronics, ultra-thin solar cover glasses, and ultra-thin automotive head-up displays.
- The global ultra-thin glass market is fragmented. 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. are some of the major market participants. To help clients improve their market position, this ultra-thin glass market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global ultra-thin glass market 2020-2024 is expected to have negative growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Growth in the Smartphone Industry will be a Key Market Trend
The growing demand for smartphones across the globe is expected to be another key driver for the growth of the market. The increase in smartphone use can be attributed to better internet connectivity as more than three-fourths use of the internet is done through mobile devices. Asia (excluding China), Africa, and Latin America are expected to drive the market for smartphones owing to the rapidly increasing penetration of smartphones in these regions currently. Moreover, the companies are increasingly advancing ultra-thin displays to offers the latest features in premium smartphones. For instance, companies such as Samsung, Xiaomi, and Huawei are using ultra-thin displays in their foldable smartphones, which is increasing the demand for ultra-thin glasses, specifically in premium smartphone manufacturing.
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Ultra-thin Glass Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist ultra-thin glass market growth during the next five years
- Estimation of the ultra-thin glass market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ultra-thin glass market
- 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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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Consumer electronics – Market size and forecast 2019-2024
- Photovoltaic and energy storage – Market size and forecast 2019-2024
- Lighting – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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