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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. APAC Ultra-Thin Glass Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. APAC Ultra-Thin Glass Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Consumer Electronics Industry is Booming
5.2 Market Restraints
5.2.1 Obstacles in the Production of Ultra-Thin Float Glass
5.2.2 Variations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Significant Demand from Automotive Industry
5.4 Future Trends
5.4.1 Foldable Devices Witnessing Rising Use of Ultra-Thin Glasses
5.5 Impact Analysis
6. Ultra-Thin Glass Market – APAC Analysis
6.1 APAC Ultra-Thin Glass Market –Revenue and Forecast To 2028 (US$ Million)
7. APAC Ultra-Thin Glass Market Analysis – By Manufacturing Process
7.1 Overview
7.2 APAC Ultra-Thin Glass Market Breakdown, by Manufacturing Process, 2020 & 2028
7.3 Float
7.3.1 Overview
7.3.2 Float: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fusion
7.4.1 Overview
7.4.2 Fusion: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Ultra-Thin Glass Market Analysis – By Application
8.1 Overview
8.2 APAC Ultra-Thin Glass Market Breakdown, by Application, 2020 & 2028
8.3 Semiconductor Substrate
8.3.1 Overview
8.3.2 Semiconductor Substrate: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Flat Panel Displays & Touch Control Devices
8.4.1 Overview
8.4.2 Flat Panel Displays & Touch Control Devices: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Automotive Glazing
8.5.1 Overview
8.5.2 Automotive Glazing: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Ultra-Thin Glass Market Analysis – By End-Use
9.1 Overview
9.2 APAC Ultra-Thin Glass Market Breakdown, by End-Use, 2020 & 2028
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Medical and Healthcare
9.5.1 Overview
9.5.2 Medical and Healthcare: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Ultra-Thin Glass Market – Country Analysis
10.1 Overview
10.1.1 APAC: Ultra-Thin Glass Market, by Key Country
10.1.1.1 India: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 India: Ultra-Thin Glass Market, by Manufacturing Process
10.1.1.1.2 India: Ultra-Thin Glass Market, by Application
10.1.1.1.3 India: Ultra-Thin Glass Market, by End-Use
10.1.1.2 Australia: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Australia: Ultra-Thin Glass Market, by Manufacturing Process
10.1.1.2.2 Australia: Ultra-Thin Glass Market, by Application
10.1.1.2.3 Australia: Ultra-Thin Glass Market, by End-Use
10.1.1.3 China: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 China: Ultra-Thin Glass Market, by Manufacturing Process
10.1.1.3.2 China: Ultra-Thin Glass Market, by Application
10.1.1.3.3 China: Ultra-Thin Glass Market, by End-Use
10.1.1.4 Japan: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Ultra-Thin Glass Market, by Manufacturing Process
10.1.1.4.2 Japan: Ultra-Thin Glass Market, by Application
10.1.1.4.3 Japan: Ultra-Thin Glass Market, by End-Use
10.1.1.5 South Korea: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Ultra-Thin Glass Market, by Manufacturing Process
10.1.1.5.2 South Korea: Ultra-Thin Glass Market, by Application
10.1.1.5.3 South Korea: Ultra-Thin Glass Market, by End-Use
10.1.1.6 Rest of APAC: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Ultra-Thin Glass Market, by Manufacturing Process
10.1.1.6.2 Rest of APAC: Ultra-Thin Glass Market, by Application
10.1.1.6.3 Rest of APAC: Ultra-Thin Glass Market, by End-Use
11. Impact of COVID-19 Pandemic on APAC Ultra-thin Glass Market
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Product Launch
12.3 Business Planning and Strategy
12.4 Collaboration
13. Company Profiles
13.1 Corning Incorporated
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AGC Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nippon Electric Glass Co..Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SCHOTT AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Central Glass Co., Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CSG HOLDING CO., LTD.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Emerge Glass
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Nippon Sheet Glass Co., Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Xinyi Glass Holdings Limited
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Luoyang Glass Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. APAC Ultra-Thin Glass Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. India Ultra-Thin Glass Market, by Manufacturing Process – Revenue and Forecast to 2028 (USD Million)
Table 3. India Ultra-Thin Glass Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. India Ultra-Thin Glass Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 5. Australia Ultra-Thin Glass Market, by Manufacturing Process – Revenue and Forecast to 2028 (USD Million)
Table 6. Australia Ultra-Thin Glass Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Australia Ultra-Thin Glass Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 8. China Ultra-Thin Glass Market, by Manufacturing Process – Revenue and Forecast to 2028 (USD Million)
Table 9. China Ultra-Thin Glass Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. China Ultra-Thin Glass Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Ultra-Thin Glass Market, by Manufacturing Process – Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Ultra-Thin Glass Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Ultra-Thin Glass Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Ultra-Thin Glass Market, by Manufacturing Process – Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea Ultra-Thin Glass Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Ultra-Thin Glass Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of APAC Ultra-Thin Glass Market, by Manufacturing Process – Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of APAC Ultra-Thin Glass Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of APAC Ultra-Thin Glass Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 20. Glossary of Terms, APAC Ultra-thin Glass Market
LIST OF FIGURES
Figure 1. APAC Ultra-Thin Glass Market Segmentation
Figure 2. APAC Ultra-Thin Glass Market Segmentation – By Country
Figure 3. APAC Ultra-Thin Glass Market Overview
Figure 4. Consumer Electronics Segment Held Largest Share of APAC Ultra-Thin Glass Market
Figure 5. China Held Largest Share of APAC Ultra-Thin Glass Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. APAC Ultra-Thin Glass Market, Ecosystem
Figure 9. APAC Ultra-Thin Glass Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Ultra-Thin Glass Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. APAC Ultra-Thin Glass Market Breakdown, by Manufacturing Process, 2020 & 2028
Figure 12. APAC Float: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Fusion: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Ultra-Thin Glass Market Breakdown, by Application, 2020 & 2028
Figure 15. APAC Semiconductor Substrate: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Flat Panel Displays & Touch Control Devices: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Automotive Glazing: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Others: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Ultra-Thin Glass Market Breakdown, by End-Use, 2020 & 2028
Figure 20. APAC Consumer Electronics: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Automotive: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Medical and Healthcare: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Others: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Ultra-Thin Glass Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. APAC: Ultra-Thin Glass Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. India: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Australia: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Ultra-Thin Glass Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic on Ultra-thin Glass Market in APAC
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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