North America Ultra-Thin Glass Market
No. of Pages: 121 | Report Code: TIPRE00025797 | Category: Chemicals and Materials
No. of Pages: 121 | Report Code: TIPRE00025797 | Category: Chemicals and Materials
North America comprises significant economies such as the US, Canada, and Mexico. The exponential rise of the consumer electronics industry across the region, owing to the increasing usage of electronic devices such as smartphones, laptops, and televisions (LCDs, LEDs, and OLEDs), is expected to drive the ultra-thin glass market in the region. The semiconductor industry relies heavily on ultra-thin glass. It allows for the creation of thinner, quicker microchips with faster data transfer speeds. Moreover, ultra-thin glass plays a significant role in the electronics sector. It is used in touch and display panels, electronic and optical sensors, energy storage devices, semiconductors, and organic electronics such as oxygen and moisture barriers. It possesses qualities like abrasion and corrosion resistance, flexibility, gas barrier capabilities, surface smoothness, and transparency. Apple, Inc. is among the prominent manufacturers of smartphones, laptops, tablets, smartwatches, and other electronic gadgets. It highly focuses on product innovation and is known for developing devices with cutting-edge technologies. For instance, Apple, Inc. has recently launched I-phone 12 Pro Max which has the A14 Bionic chip, an all-new design with ceramic shield, a professional camera system, a LiDAR scanner, and the largest super retina XDR display ever seen on an iPhone. Ultra-thin glass is widely used in the display of smartphones including I-phone. For safe authentication of smartphone users, capacitive fingerprint sensors are becoming increasingly important. They need covers as thin as possible while being extremely robust to ensure the best recognition accuracy. Moreover, it reduces the overall weight of the electronic device. Thus, the rapidly growing demand for electronic gadgets with wider displays, sleeker bodies, and other latest features across the region is expected to spur the demand for ultra-thin glass across the electronics industry.
North America is one of the worst affected economies due to the COVID-19 pandemic. The US recorded the highest number of COVID-19 confirmed cases, compared to Canada and Mexico. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for ultra-thin glasses in the region. The ultra-thin glass market has been impacted in the region due to distortion in the supply of raw materials with limited operational efficiencies. However, the market is reviving due to various major government actions such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically investing in advanced products to maximize revenue. The online sales of consumer electronics products is growing, which is expected to provide impetus for the market growth in the future.
Strategic insights for the North America 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$ 1,576.16 Million |
| Market Size by 2028 | US$ 3,217.54 Million |
| Global CAGR (2021 - 2028) | 10.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Manufacturing Process
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
The geographic scope of the North America 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 North America is expected to grow from US$ 1,576.16 million in 2021 to US$ 3,217.54 million by 2028; it is estimated to grow at a CAGR of 10.7% from 2021 to 2028. The US is one of the prominent markets for medical devices. According to the International Trade Administration (ITA), in 2018, the US exported US$ 43 billion worth of medical equipment in key product categories identified by the Department of Commerce. The increasing utilization of ultra-thin glass for developing innovative medical devices and equipment across the region is projected to boost market growth in the forthcoming years. Additionally, the growing adoption of electric vehicles with state-of-the-art technologies across the region is also expected to favor the market growth as ultra-thin glass is widely used in the interiors of premium cars.
North America ultra-thin glass market is segmented into manufacturing process, application, end-use industry, and country. Based on manufacturing process, the North America ultra-thin glass market has been divided into float, fusion. Fusion segment held the largest market share in 2020. Based on application, the North America 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 North America 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 North America ultra-thin glass market is segmented into US, Canada, and Mexico. US 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 North America 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 North America Ultra-Thin Glass Market is valued at US$ 1,576.16 Million in 2021, it is projected to reach US$ 3,217.54 Million by 2028.
As per our report North America Ultra-Thin Glass Market, the market size is valued at US$ 1,576.16 Million in 2021, projecting it to reach US$ 3,217.54 Million by 2028. This translates to a CAGR of approximately 10.7% during the forecast period.
The North America 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 North America Ultra-Thin Glass Market report:
The North America Ultra-Thin Glass Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Ultra-Thin Glass Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Ultra-Thin Glass Market value chain can benefit from the information contained in a comprehensive market report.
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