Asia Pacific 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)
Market Introduction
APAC comprises prospective economies such as China, Japan, South Korea, India, Australia, and the Rest of Asia-Pacific. The ultra-thin glass market across the region is projected to witness remarkable growth, owing to the rapidly expanding consumer electronics industry in countries such as China, Japan, and South Korea. China is one of the largest consumer electronics markets across the world, along with Japan and South Korea. Due to the high concentration of consumer electronics manufacturers in Asia-Pacific, the demand for ultra-thin glass from the manufacturers of electronic goods across the region is expected to grow significantly over the forecast period. Moreover, China and Japan are the leading exporters of semiconductor components used in electronic gadgets. Many leading manufacturers of smartphones and electronic gadgets heavily rely on Asia-Pacific countries for sourcing semiconductor components. For chip packing and interposer applications, the semiconductor industry is progressively designing products using thin glass substrates. When organic substrate materials are employed, the locally generated heat of the small core parts of mobile devices causes deflection and reliability issues. Ultra-thin glass has excellent dimensional stability over a wide range of temperatures while also providing the foundation for an exceedingly flat chip package. Thus, the increasing utilization of ultra-thin glass for designing electronic goods across the region is projected to potentially drive the market over 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.
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Market Overview and Dynamics
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. The rising demand for LED and OLED televisions is boosting the market growth across the region. Manufacturers of flat panel displays in China, South Korea, and Taiwan are dominating the global marketplace in terms of production and supply of flat panel displays. These displays can be found in cars, industrial equipment, personal computers, smartphones, and a variety of other goods. Liquid crystal displays are used in the majority of TV screens (LCDs). Other display types used in televisions include organic light-emitting diodes (OLEDs) and quantum dots. LCDs and OLEDs are used in smartphone displays. Thus, the high concentration of flat panel displays manufacturers in Asia-Pacific, coupled with the high utilization of ultra-thin glass in designing flat panel displays, is the crucial factor anticipated to further drive the market in the coming years. Furthermore, the growing application of ultra-thin glass by automobile manufacturers in China, India, and South Korea is driving the market. China, as one of the significant producers of automobiles, has a high need for ultra-thin glass for use in various automotive interior panels. Furthermore, the existence of significant players such as AGC Inc. and Nippon Electric Glass Co., Ltd is projected to fuel the market expansion.
Key Market Segments
APAC ultra-thin glass market is segmented into manufacturing process, application, end-use industry, and country. Based on manufacturing process, the APAC ultra-thin glass market has been divided into float, fusion. Fusion segment held the largest market share in 2020. Based on application, the APAC ultra-thin glass market has been divided into semiconductor substrate, flat panel displays & touch control devices, automotive glazing, others. Flat panel display segment held the largest market share in 2020. Based on end-use, the APAC ultra-thin glass market has been divided into consumer electronics, automotive, medical & healthcare, others. Consumer electronics segment held the largest market share in 2020. Based on country, the APAC ultra-thin glass market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the ultra-thin glass market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AGC Inc.; Central Glass Co., Ltd.; Corning Incorporated; CSG Holding Co., Ltd.; Emerge Glass; Nippon Electric Glass Co., Ltd.; Luoyang Glass Co., Ltd.; Nippon Sheet Glass Co., Ltd; SCHOTT AG; and Xinyi Glass Holdings Limited.
Reasons to buy report
- To understand the APAC ultra-thin glass market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC ultra-thin glass market.
- Efficiently plan M&A and partnership deals in APAC ultra-thin glass market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC ultra-thin glass market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
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 - Company Profiles
- 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
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
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- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the ultra-thin glass market, as well as those hindering it
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