Asia Pacific Ultra-Thin Glass Market Analysis, Size, and Share by 2028

The ultra-thin glass market in APAC is expected to grow from US$ 4,002.71 million in 2021 to US$ 9,043.86 million by 2028; it is estimated to grow at a CAGR of 12.3% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Foldable devices witnessing rising use of ultra-thin glasses is the major factor driving the growth of the APAC ultra-thin glass market. The properties of ultra-thin glass make it ideal as a substrate for many future applications in flexible electronic devices. With the introduction of foldable electronic gadgets, the next-generation flexible displays market is quickly developing. The flexibility of ultra-thin glass has opened opportunities for foldable device manufacturers. New trends and designs of foldable smartphones create demand for flexible cover glasses. Recently, Samsung launched a smartphone with a z-fold feature and 5G technology. This phone is foldable and has an infinity flex display. Ultra-thin glass is used to design such smartphones as it is highly flexible and foldable. Samsung is currently working with Dowoo Insys, a glass substrate manufacturer, to commercialize ultra-thin glass technology. Both companies would be joining forces to scale up ultra-thin glass for other manufacturers to use too. Moreover, Apple has ordered foldable displays from Samsung. These displays are samples that Apple will use in its mobile phones. Samsung Electronics has also partnered with Corning in developing its foldable glass. A few companies, such as SCHOTT and Corning, are working on bendable glass. Lots of work still needs to be done to deliver a foldable device. The utilization of ultra-thin glass in designing innovative smartphones and foldable devices is expected to significantly boost the growth of the ultra-thin glass market during the forecast period.

The COVID-19 pandemic is causing a significant economic loss in APAC. The consequence and impact can be even worse, and they totally depend on the spread of the virus. The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic on GDP. The ongoing COVID-19 pandemic is causing huge disruptions in the growth of various industries across APAC. However, the uncertainty regarding the outbreak, especially in Asian countries such as India, has altered the status of several industrial sectors. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which directly impacts the growth of industrial sectors. The crisis may disrupt the demand for ultra-thin glasses. However, the ultra-thin glass market in APAC is expected to witness an increase in investment by players to tap the prevailing opportunities and cater to expanding demand for ultra-thin glasses in post-pandemic times.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC ultra-thin glass market. The APAC ultra-thin glass market is expected to grow at a good CAGR during the forecast period.

APAC Ultra-Thin Glass Market Segmentation

APAC Ultra-Thin Glass Market – By Manufacturing Process

• Float
• Fusion

APAC Ultra-Thin Glass Market – By Application

• Semiconductor Substrate
• Flat Panel Displays and Touch Control Devices
• Automotive Glazing
• Others

APAC Ultra-Thin Glass Market – By End-Use Industry

• Consumer Electronics
• Automotive
• Medical and Healthcare
• Others

APAC Ultra-Thin Glass Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Ultra-Thin Glass Market - Companies Mentioned

• AGC Inc.
• Central Glass Co., Ltd.
• Corning Incorporated
• CSG Holding Co., Ltd.
• Emerge Glass
• Luoyang Glass Co., Ltd.
• Nippon Electric Glass Co., Ltd.
• Nippon Sheet Glass Co., Ltd
• SCHOTT AG
• Xinyi Glass Holdings Limited

Asia Pacific Ultra-Thin Glass Report Scope