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Ultra-thin Glass Market worth $14.3 billion by 2025 - Exclusive Report by MarketsandMarkets™

Post Time:Aug 05,2020Classify:Industry NewsView:926

CHICAGO, Aug. 4, 2020 /PRNewswire/ -- According to the new market research report "Ultra-thin Glass Market by Thickness, Manufacturing Process (Float, Fusion, Down-Draw), Application (Semiconductor Substrate, Touch Panel Display, Fingerprint Sensor), End-use Industry, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Ultra-Thin Glass Market size is expected to grow from USD 7.8 billion in 2020 to USD 14.3 billion by 2025, at a CAGR of 13.0%, during the forecast period.


Owing to an increase in the demand for high-performance materials with properties, such as high heat resistance, high chemical resistance, and electrical conductivity, the global ultra-thin glass market is expected to witness significant growth during the forecast period.


The 0.1mm-0.5mm thick ultra-thin glass comprises a major share of the ultra-thin glass market in terms of value and volume.

0.1mm-0.5mm thick ultra-thin glass has its applications in touch panel display, fingerprint sensor, semiconductor substrate, vehicle infotainment system, and biotechnological devices. This ultra-thin glass is flat and has smooth surface and excellent heat resistance. It has applications in smartphones, tablets, and LCD. The demand for 0.1mm-0.5mm is high compared to other thick ultra-thin glass.


The float manufacturing process is expected to account for the largest share in the global ultra-thin glass market during the forecast period in terms of value and volume.

Sir Alastair Pilkington invented the float process for the British glass manufacturing company, Pilkington. Raw glass materials such as soda lime and borosilicate are used to manufacture ultra-thin glass in this process. Additives such as colorants and refining agents are also added to enhance the physical and chemical properties of the glass. In the float process, raw materials are melted in a furnace at about 15,000° C to prepare a molten mixture of glass.


Touch Panel Display application is projected to have a significant share in the global ultra-thin glass market during the forecast period.

Touch panel displays are extensively used in smartphones, TVs, wearable devices, and signage. Ultra-thin glass used in touch panel displays helps in weight reduction of the overall electronic product. The touch panel displays segment was the leading consumer of ultra-thin glass in 2019. This segment has grown substantially over the years owing to the increasing demand for smartphones and TVs. Digitalization has grown, and this growth is expected to drive the ultra-thin glass market in the touch panel displays application segment.


The consumer electronics end-use industry is expected to account for the largest share in the global ultra-thin glass market during the forecast period in terms of value.

The consumer electronics industry is witnessing continuous evolution owing to technological advancements (particularly in smartphones, wearable devices, and TVs). Ultra-thin glasses are widely used in consumer electronics for applications, such as displays and sensors. Properties such as electrical conductivity and sensitivity, transmissivity, and flexibility make it suitable for varied applications in this industry. Consumer electronics is the largest end-use industry of the ultra-thin glass market, and this trend is estimated to continue during the forecast period.

Source: https://finance.yahoo.com/news/Author: shangyi

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