Global Ultra-thin Glass Market to Grow at 12% CAGR Through 2022| Technavio

LONDON--(BUSINESS WIRE)--May 31, 2018-- market research analysts forecast the to grow at a CAGR of close to 12% during the period 2018-2022, according to their latest report.

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Technavio has published a new market research report on the global ultra-thin glass market from 2018-2022. (Graphic: Business Wire)

In this report, Technavio highlights the ultra-thin glass in roll form as one of the key emerging trends in the global ultra-thin glass market. The ultra-thin glass was conventionally used in cut sheet form, but there is an emerging trend of ultra-thin glass in toll forms, which has increased the applications of ultra-thin and flexible glass. It can be used in applications that require flexibility and durability. In addition, it can provide the benefits of physical and chemical properties of glass. Ultra-thin glass also aids in overcoming the drawback that plastic faces of not being gas-tight, thus not providing protection for electronic components.

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In this report, Technavio analysts highlight the increase in demand for flat panel displays as a key factor contributing to the growth of the global ultra-thin glass market:

Increase in demand for flat panel displays

The increasing demand for flat panel displays is expected to drive the global ultra-thin glass market in the forecast period. Consumers are demanding bigger displays in liquid-crystal display televisions, smartphones, automotive, and tabs. Out of these applications, TV screens size is expected to be the biggest driver during the forecast period.

According to a senior analyst at Technavio for , “The flat panel displays in the automotive industry are driven by the demand for larger central information displays and the growth of smart cars, which use advanced driver assistance systems.”

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Global ultra-thin glass market segmentation

This market research report segments the into the following end-user (consumer electronics, energy storage, and lighting) and key regions (the Americas, APAC, and EMEA).

Of the three major end-users, the consumer electronics segment held the largest market share in 2017, accounting for nearly 51% of the market. The market share for this end-user is expected to increase nearly 1% by 2022. The fastest growing end-user is consumer electronics, which will account for nearly 52% of the total market share by 2022.

APAC was the leading region for the global ultra-thin glass market in 2017, accounting for a market share of nearly 62%. By 2022, APAC is expected to continue dominating the market and register the highest growth rate.

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SOURCE: Technavio Research

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PUB: 05/31/2018 03:22 PM/DISC: 05/31/2018 03:22 PM