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By 2026, Europe Ultra-thin glass Market Share to Witness USD 4.6 Bn
Published Date: 2020-10-27
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According to the Graphical Research new growth forecast report titled Europe Ultra-thin glass Market size will surpass USD 4.6 billion by 2026. The presence of stringent government regulations in the region has led the market dynamics to shift toward the renewable energy sector, which is anticipated to open up new opportunities in the market. Ultra-thin glass has been widely used in solar panels in the recent times. Modern Solar PV systems are widely incorporated with ultra-thin glass owing to their lightweight properties. Moreover, the reduced glass thickness also aids in the transmission of solar energy; hence, ultra-thin glass is widely used in the modern photovoltaic modules.
The growing inclination toward renewable energy sources in the region coupled with the penetration of ultra-thin glass in photovoltaic modules is anticipated to generate huge revenue gains throughout the assessment period. Furthermore, the increasing government participation toward renewable energy in the region shall further boost the product demand. For instance, according to the European Union, Europe aims at reaching 32% of the overall energy consumption in the region by 2030. The overall share of renewable energy consumption for all member countries has been seeming high in 2018 with Sweden, Finland and Denmark leading in the same year.
Ultra-thin glass manufacturers in the region include Corning Inc., Nippon Glass, and Pilkington, among others. Corning Inc. manufactures Willow ultra-thin glass, which is manufactured using its own fusion draw process and is widely used in flat display panels. Corning Inc. is increasingly investing in research & development activities to attain a larger consumer base. To advance its supply chain and for the penetration of its ultra-thin glass segment, Corning has announced an agreement with Samsung, one of the largest electronic manufacturers, mainly targeting their foldable display components. In June 2020 the company announced an agreement to supply ultra-thin glass for Samsung’s upcoming foldable devices such as Galaxy Z flip and Galaxy Fold 2, among others. Furthermore, Corning Inc. has also announced its plans to integrate ultra-thin technology with the gorilla glass technology for stronger foldable screens. These innovative trends in the market are anticipated to create huge opportunities for the existing market players, adding to the market revenue over the forecast period. Moreover, various consumer electronics manufacturers are also seen to shift toward ultra-thin technology for touch panels, driving the market during the forecast period.
Major companies operating in the Europe Ultra-Thin Glass Market are. AGC Inc., Luoyang Glass Co., Ltd , Nippon Sheet Glass Co., Ltd., CGS HOLDINGS LTD., Schott AG, Pilkington, Taiwan Glass, Emerge Glass, Aircraft Glass, and Xinyi Ultra-thin Glass (Dongguan) Co., Ltd., and Corning Inc., among others.
Europe Ultra-Thin glass market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Thickness
- Less than 0.1 mm
- 0.1 to 0.5 mm
- 0.5 to 1.2 mm
Market Size, By Production Process
- Downdraw Process
- Overflow-fusion Process
- Float Process
Market Value, By Application
- Semiconductors substrate
- Flat-panel displays
- Touch-control devices
The above information is provided on a country basis for the following: