Ultra-Thin Glass Market To Register Growth at CAGR Of 10.1% by the End of 2025 - Million Insights

Ultra-Thin Glass Market To Register Growth at
CAGR Of 10.1% by the End of 2025 - Million
Insights
“This growth can be attributed to the rising usage of electronic devices like televisions, smartphones,
laptops, and computers among the millennial population.”
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.
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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.

Further key findings from the report suggest:
• In 2018, flat-panel segment witnessed share of 38.3% across the global market.
• Automotive glazing application segment is anticipated to witness substantial growth with CAGR of 5.7% from
2019 to 2025.
• Asia Pacific held the largest share of around 70.5% across the global ultra-thin glass market in 2018.
• The key players in this market are SCHOTT AG, AGC Inc., Corning Incorporated, and Xinyi Glass.
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Million Insights 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
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Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
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