Scienza e Tecnologia
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.
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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.
https://www.millioninsights.com/industry-reports/global-ultra-thin-glass-market
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