With the significant increase in the population the
industry of manufacturing and construction grow more effectively. Moreover, the
construction material is also leading the market with the effective development
in the economy. The ultra-thin glass is thinner than human hair and has
wideness below 2mm. It enable outstanding properties such as lightweight,
thermal stability, weather durability and flexibility which make them appropriate
for usage in various end use industries such as electrical & electronic,
building & construction, renewable energy, automotive, biotechnology and
several others. Moreover, the global market of ultra-thin glass is segmented
into various aspect of the market which includes by manufacturing process,
thickness, application, enduse industry and by region. Whereas, basis on the
manufacturing process segment the market is split accordingly which includes
Float, Fusion and Down-Draw? Among all, the float accounted for the highest
market share in 2017 with a value of USD 3,627.3 million and is likely to
expand with an effective CAGR of 13.0% in the review period on account of huge
adoption rate in the numerous end-use industries. Therefore, in the recent trend
the market has grown in an effective manner.
According to the report analysis, ‘Global Ultra-Thin Glass Market Research
Report - Forecast to 2024’ states that some of the major companies which
are functioning recently in this sector more effectively for dominating the
market more effectively includes Corning Incorporated, Asahi Glass Co., Ltd,
Nippon Electric Glass Co., Ltd, SCOTT AG, CSG Holding Co., Ltd, Central Glass
Co., Ltd, Xinyi Glass Holdings Limited, Nitto Boseki Co., Ltd, Luoyang Glass
Co., Ltd, Emerge Glass, Aeon Industries Corporation Ltd, Changzhou Almaden Co.,
Ltd, RUNTAI INDUSTRY CO., LTD, TAIWAN GLASS IND. CORP and Novalglass. Moreover,
the increasing demand for electronic products, expanding automotive industry
and continuous growth of healthcare industry are the major growth driver of the
global ultra-thin glass market and robust manufacturing processes of ultra-thin
glass is major restraint in this market. Whereas, growing usage of ultra-thin
glass in solar products and increasing demand from aviation sector are the two
major opportunities for lead the market growth more significantly.
The key players are adopting effective techniques for
doing production and offering the efficient product at a reasonable rate which
is benefitted for both the user and seller. Moreover, on the basis of region,
the market of ultra-thin glass is spread across the globe which majorly include
five regions namely Asia Pacific, Europe, North America, Latin America and the
Middle East & Africa. Meanwhile, the Asia Pacific region emerged as the
leading industry with this product and holds for around 59.0% market share in
2017 and is anticipated to observe a worthwhile growth during the forecasted
period. The region encountered approximately USD 5,632.1 million in terms of
value in 2017 and is anticipated to rise at a significant CAGR of around 12.6%
over the reviewed period owing to increasing consumption in various end-use
industries likely automotive, electricals & electronics and building and
construction. The market will grow more significantly in the near future across the globe with the expanding population and growing purchasing
power specifically in developing countries over the decades.
