According to the Graphical Research new growth forecast report titled North America Ultra-thin glass Market size will surpass USD 2.9 billion by 2026. The high strength and scratch-resistive properties of ultra-thin glass will make them highly desirable in the consumer electronic applications. These glasses are widely used for electronic and optical centers, energy storage devices, and optical sensors, among others.
The growing applications in the electronic and semi-conductor market ranging from wearable devices to foldable displays shall generate a huge market revenue throughout the forecast period. Moreover, with new technologies coming in the market, the demand for durable & flexible displays are at par, propelling the market demand. Ultra-thin glass is widely employed over conventional polymer foil due to its excellent barrier properties and flexibility. Additionally, ultra-thin glass facilitates efficient optical quality in comparison to the conventional counter parts owing to the excellent temperature resistance and barrier properties.
Ultra-thin glass can be manufactured using three major processes, downdraw, overflow, and float. Major companies, such as Nippon Glass and Schott, use overflow and down draw processes respectively. These are the two largest players in the ultra-thin glass market holding a substantial market share in 2019. Nippon Glass manufactures G-Leaf Ultra-thin glass produced through overflow manufacturing process. This product has excellent potential for usage in the medical, electronics, and lighting applications, among others.
Schott produces ”Eco” alkali-free ultra-thin glass through down draw method. This product is widely used in the semiconductor industry due to its high transformation temperature up to 600 °C. The company produces thin glass with various thicknesses ranging from 0.03 mm to 1.1 mm.
The North American ultra-thin glass market is mainly dominated by the U.S. with a market share of over 90% in 2019. This growth can be mainly attributed to the large semiconductor industry in the country. According to the Semiconductor Industry Association U.S., semiconductor held over 50% of the market share in 2016 and was valued at over USD 160 billion. Moreover, with growing exports of semi-conductors from the region, the overall market is projected to generate a substantial revenue by the end of the forecast period.
The proficient players are seen to adopt various strategies to increase their market share. For instance, Nippon Glass in July 2020, along with Nitto Denko Corporation announced the development of ultra-thin glass with a polarizing film, especially targeted as a cover for display panel applications. Major companies operating in the North America ultra-thin glass market are Schott AG. AGC Inc., Corning Inc, CGS HOLDINGS LTD., Nippon Sheet Glass, Luoyang Glass, Aircraft Glass, Taiwan Glass, Emerge Glass, Pilkington, and Xinyi Ultra-thin Glass (Dongguan) Co., Ltd., among others.
North America 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 Growth, By Application
- Semiconductors substrate
- Flat-panel displays
- Touch-control devices
The above information is provided on a country basis for the following: