Europe Ultra-Thin Glass Market
No. of Pages: 132 | Report Code: TIPRE00025798 | Category: Chemicals and Materials
No. of Pages: 132 | Report Code: TIPRE00025798 | Category: Chemicals and Materials
Europe comprises countries such as Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe is home to many prominent automobile manufacturers. The European Union (EU) is one of the greatest producers of automobiles in the world, and the automotive industry represents the largest private investment in research and development. According to the European Automobile Manufacturers’ Association (ACEA), in 2020, the European Union sold 9.9 million new passenger cars. The growing demand for luxury cars across the region is majorly driven by the rising spending power of consumers, increasing double-income families, growing working class, and rapid economic growth of the European nations. Ultra-thin glass is used to develop attractive car interiors with advanced safety, infotainment, and connectivity technology. Thus, the well-established automotive sector and rise in demand for luxury cars with advanced features are the factors primarily driving the ultra-thin glass market across the region.
In Europe, currently France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in supply chain. As of September 13, 2021, the total number of confirmed cases in Europe are 67,300,263. The massive outbreak of the pandemic has created temporary distortion in operation efficiencies of industrial bases in European market. The market for ultra-thin glass has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. However, rising demand for ultra-thin glass across diverse industrial applications is expected to substantially promote the demand for ultra-thin glass in the regional market.
Strategic insights for the Europe Ultra-Thin Glass provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 779.31 Million |
| Market Size by 2028 | US$ 1,561.85 Million |
| Global CAGR (2021 - 2028) | 10.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Manufacturing Process
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
|
The geographic scope of the Europe Ultra-Thin Glass refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The ultra-thin glass market in Europe is expected to grow from US$ 779.31 million in 2021 to US$ 1,561.85 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2021 to 2028. Europe’s medical technology industry is growing at a substantial rate. According to MedTech Europe—which is the European trade association for the medical technology industry—in 2020, the European medical technology market accounted for around EUR 140 billion. After the US, Europe is the world's second-largest medical device market with an annual growth rate of 8.5% in 2020. Ultra-thin glass is used in various medical devices such as imaging equipment to achieve high pixel resolution. Moreover, ultra-thin glass is strong yet flexible; thus, it is used in endoscopes for highly flexible movement. Thus, extensive application of ultra-thin glass in medical devices, coupled with the growth of the medical devices market across the region, is projected to fuel the growth of the ultra-thin glass market over the coming years. SCHOTT AG is one of the significant manufacturers of high-tech materials based on specialty glass. The company offers ultra-thin glass across various application industries such as consumer electronics, medical and healthcare, and the home tech industry. The presence of prominent manufacturers of ultra-thin glass across the region is also expected to boost market growth in the near future.
Europe ultra-thin glass market is segmented into manufacturing process, application, end-use industry, and country. Based on manufacturing process, the Europe ultra-thin glass market has been divided into float, fusion. Fusion segment held the largest market share in 2020. Based on application, the Europe 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 Europe 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 Europe ultra-thin glass market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the ultra-thin glass market in Europe 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.; Nippon Sheet Glass Co., Ltd; SCHOTT AG; and Xinyi Glass Holdings Limited.
The Europe Ultra-Thin Glass Market is valued at US$ 779.31 Million in 2021, it is projected to reach US$ 1,561.85 Million by 2028.
As per our report Europe Ultra-Thin Glass Market, the market size is valued at US$ 779.31 Million in 2021, projecting it to reach US$ 1,561.85 Million by 2028. This translates to a CAGR of approximately 10.4% during the forecast period.
The Europe Ultra-Thin Glass Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Ultra-Thin Glass Market report:
The Europe Ultra-Thin Glass Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Ultra-Thin Glass Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Ultra-Thin Glass Market value chain can benefit from the information contained in a comprehensive market report.
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