Global Ultra Thin Glass Market Size, Share, Growth Analysis, By Thickness(< 0.1 mm, 0.1–0.5 mm), By Production process(Fusion, down-draw), By Application(Touch panel display, semiconductors), By End-user(Electrical & electronics, automotive) - Industry Forecast 2023-2030

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Global Ultra Thin Glass Market size was valued at USD 11.93 billion in 2021 and is poised to grow from USD 13 billion in 2022 to USD 30 billion by 2030, growing at a CAGR of 9% in the forecast period (2023-2030).

Global ultra thin glass market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Central Glass Co. Ltd.', 'Corning Incorporated', ' AGC Inc. ', ' Nippon Electric Glass Co., Ltd. ', ' SCHOTT AG ', ' Asahi Glass Co., Ltd. ', ' CSG Holding Co., Ltd. ', ' Xinyi Glass Holdings Limited ', ' Luoyang Glass Company Limited ', ' Emerge Glass India Pvt. Ltd. ', ' G-Tech Optoelectronics Corp. ', ' LG Chem Ltd. ', ' Samsung Corning Precision Materials Co., Ltd. ', ' Plan Optik AG ', ' TOKYO ELECTRON DEVICE LIMITED ', ' Gerresheimer AG ', ' Rayotek Scientific Inc. ', ' Kibing Group ', ' Changzhou Almaden Co., Ltd. ', ' XinYi PV Products (Anhui) Holdings Limited '

The semiconductor industry's rapid expansion is expected to increase product demand, driving market growth in the forecasting years. The semiconductor industry's rapid growth, in accordance with the significant rise of advanced technology such as 5G and IoT, has transformed into significant revenue generation in the ultra-thin glass industry.

Since a few decades, it has been observed that the widespread use of ultra-thin glass in the consumer electronics segment has increased market demand. These glasses are suitable for Personal Computers (PCs), e-readers, smartphones, and other electronic devices due to their lightweight, perfect flatness, flexibility, and good surface quality.

Asia Pacific is projected to obtain the largest share in the ultra thin glass market during the forecast period due to the presence of various countries such as China, Japan, India, and others, various major competitors, and others. China is the largest market for ultra-thin glass in Asia Pacific, and is also forecasted to rapidly grow during (2022–2028). China's electronics industry is big and powerful and plays an important role to market growth. Other countries in the region are also becoming automotive manufacturing hubs, which will increase product demand. Touch control devices are becoming more popular as the world's population grows and living standards rise. Furthermore, rapid technological advancement in developing countries such as India, Malaysia, and Bangladesh will boost regional growth.

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- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Ultra Thin Glass Market Size, Share, Growth Analysis, By Thickness(< 0.1 mm, 0.1–0.5 mm), By Production process(Fusion, down-draw), By Application(Touch panel display, semiconductors), By End-user(Electrical & electronics, automotive) - Industry Forecast 2023-2030

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