Ultra-thin Glass Market to Undertake Strapping Growth During 2025
Ultra-thin glass finds numerous applications in electronics and semiconductors mainly owing to its extremely low thickness. The thickness of ultra-thin glass ranges from micrometers to few millimeters, which makes it suitable to be used as a carrier for semiconductor processing, PCs, tablets, and CCTV camera devices. Among other applications of ultra-thin glass, semiconductor processing for MEMs, IR cut-off filters for mobile, flat panel digital X-ray detectors, substrates for active matrix flat panel displays, CMOS image sensors, advanced packaging and LEDs, and electrochromatic windows and mirrors are some key applications of ultra-thin glass.
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The report appropriately segregates the ultra-thin glass market based on process, application, and region. Between the two key processes, fusion process currently leads the market and is anticipated to continue to lead over the report’s forecast period.
The report which has been prepared using industry-best analytical tools and proven research methodologies provides a quantitative and qualitative analysis of the global ultra-thin glass market. The report examines key segments under each category and their growth behavior in the forthcoming years.
The exponential growth of the consumer electronics industry has been a boon to the ultra-thin glass market. Currently, ultra-thin glass is commonly used as a thin film liquid crystal display or transistor display in the electronics industry for an array of devices such as computers, televisions, and mobile phones. For instance, the latest flat screen mobile phones with Gorilla Glass screen are made of ultra-thin glass.
Apart from this, ultra-thin glass is used as a substrate in solar and automotive applications. This is mainly ultra-thin glass displays properties of uniform surface flatness, electrical insulation, weather resistance, flexibility, and thermal and chemical stability. Ultra-thin glass provides advantages such as ability to be used for flexible and non-flat formats, provides anti-reflection or electromagnetic interference shielding of final product, and supports low weight designs among others.
The recovery of the building and construction sector post the economic slump of 2008 has positively impacted the ultra-thin glass market. However, the use of ultra-thin glass in the building and construction sector is currently at a nascent stage, and may take some until its viability in the building and construction sector is established.
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The burgeoning healthcare industry is also serving to catalyze the ultra-thin glass market. Ultra-thin glass is used in the manufacture of several medical devices that are used for diagnosis and therapeutic purposes.
Lastly, the rising use of ultra-thin glass in solar products is anticipated to bode well for the market’s growth. Solar energy is being increasingly trapped to convert into electrical and other forms of energy in a bid to shift towards renewable sources of energy.
Region-wise, the report takes stock of the demand for ultra-thin glass in North America, Western Europe, Asia Pacific, Latin America, Eastern Europe, and the Middle East and Africa. Among all, Asia Pacific displays the leading demand for ultra-thin glass due to the surging growth of consumer electronics industry in the region. Rising standard of living in the region coupled with rising disposable incomes in countries such as China and India have positively influenced the demand for ultra-thin glass for consumer electronics.
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Key companies operating in the global ultra-thin glass market include SCHOTT, Central Glass, Nippon Electric Glass, Nippon Sheet Glass, Corning, and Asahi Glass.
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