Ultra-Thin Glass Market To Witness Steady Growth At 10.1% CAGR By 2025, Due To Rising Demand Of Televisions, Smartphones, Laptops & Computers | Million Insights

The popularity of smartphones, LCDs, LEDs, monitors, laptops, and OLEDs is increasing on account of clarity and better resolution. Xiaomi launched Hongmi Note 5, a smartphone that used 0.3 mm thickness ultra-thin tempered glass. Also, surging usage of smartwatches among the health-conscious millennial population is gaining traction, thereby driving demand for ultra-thin glasses in the upcoming years. The popularity of smartphones, LCDs, LEDs, monitors, laptops, and OLEDs is increasing on...

The popularity of smartphones, LCDs, LEDs, monitors, laptops, and OLEDs is increasing on account of clarity and better resolution. Xiaomi launched Hongmi Note 5, a smartphone that used 0.3 mm thickness ultra-thin tempered glass. Also, surging usage of smartwatches among the health-conscious millennial population is gaining traction, thereby driving demand for ultra-thin glasses in the upcoming years.

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In 2018, Asia Pacific held largest share of 70.5% across global market owing to rising demand for displays having flat panels across countries like India and China. Europe is expected to register 6.4% CAGR from 2019 to 2025 on account of rising demand of such glasses across sectors like solar energy, automotives, LED and LCD manufacturers. In North America, the U.S. constituted for a majority of the market share due to well established semiconductor industry.

The ultra-thin glass market is competitive and consolidated owing to the presence of several multinational corporations. It includes key players like AGC Inc., SCHOTT AG, Corning Incorporated, and Xinyi Glass. They are engaged in implementing several marketing strategies like capacity expansion to gain a competitive advantage over other players.

Further key findings from the report suggest:

Browse 80 page research report with TOC on "Global Ultra-Thin Glass Market" at: https://www.millioninsights.com/industry-reports/global-ultra-thin-glass-market

Million Insights has segmented the global ultra-thin glass market on the basis of application, and region:

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