Middle East and Africa Ultra-Thin Glass Market Developments and Forecast by 2028
Middle East and Africa Ultra-Thin Glass Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Manufacturing Process (Float and Fusion), Application (Semiconductor Substrate, Flat Panel Displays and Touch Control Devices, Automotive Glazing, and Others), and End-Use Industry (Consumer Electronics, Automotive, Medical and Healthcare, and Others)
- Status : Published
- Report Code : TIPRE00025831
- Category : Chemicals and Materials
- No. of Pages : 119
- Available Report Formats :
- Last update date : November 13, 2021
2021 Market Size
US$ 251.34 Mn
Base year value
2028 Forecast
US$ 504.12 Mn
Projected by 2028
CAGR 2022-2028
10.5 %
Growth rate
Addressable Market
US$ 2,675.67 Mn
(2022-2028)
The ultra-thin glass market in MEA is expected to grow from US$ 251.34 million in 2021 to US$ 504.12 million by 2028; it is estimated to grow at a CAGR of 10.5% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Automotive industry raising the demand is the major factor driving the growth of the MEA ultra-thin glass market. In the automotive industry, ultra-thin glass is widely used in car interiors, sensors, and touch screen panels, etc. Increasing consumer requirements for attractive car interiors with touch screens and digital instruments are creating demand for ultra-thin glasses. The reduction in the weight of a car results in achieving better fuel efficiency and also reduces carbon footprints. Thus, there is a rising demand for lightweight cars. Ultra-thin glass is widely used for automotive glazing, which results in the overall weight reduction of a car. Thus, the rapidly developing automotive industry coupled with the growing demand for ultra-thin glass from the industry would create lucrative opportunities for the ultra-thin glass market growth.
In MEA, South Africa and Israel recorded the highest number of COVID-19 confirmed cases and deaths. According to the International Finance Corporation, the COVID-19 pandemic has a severe impact on the economy of MEA as it declined the oil production, tourism, and remittances. The region comprises many growing economies, which are prospective markets for ultra-thin glass vendors. The pandemic has significantly slowed down the growth of the ultra-thin glass market in the region due to negative impact on the growth of a few industries, such as automotive.
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 MEA ultra-thin glass market. The MEA ultra-thin glass market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MEA Ultra-Thin Glass Market Segmentation
MEA Ultra-Thin Glass Market – By Manufacturing Process
- Float
- Fusion
MEA Ultra-Thin Glass Market – By Application
- Semiconductor Substrate
- Flat Panel Displays and Touch Control Devices
- Automotive Glazing
- Others
MEA Ultra-Thin Glass Market – By End-Use Industry
- Consumer Electronics
- Automotive
- Medical and Healthcare
- Others
MEA Ultra-Thin Glass Market, by Country
- Saudi Arabia
South Africa - UAE
- Rest of MEA
MEA Ultra-Thin Glass Market - Companies Mentioned
- AGC Inc.
- Corning Incorporated
- CSG Holding Co., Ltd.
- Emerge Glass
- Nippon Sheet Glass Co., Ltd
- SCHOTT AG
- Xinyi Glass Holdings Limited
Middle East and Africa Ultra-Thin Glass Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 251.34 Million |
| Market Size by 2028 | US$ 504.12 Million |
| CAGR (2021 - 2028) | 10.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Manufacturing Process
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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