South America Ultra-Thin Glass Market
No. of Pages: 107 | Report Code: TIPRE00025801 | Category: Chemicals and Materials
No. of Pages: 107 | Report Code: TIPRE00025801 | Category: Chemicals and Materials
SAM comprises Brazil, Argentina, and the Rest of SAM. The region has witnessed continuous economic development, which is leading to the increased spending power of consumers. SAM is expected to provide lucrative opportunities to the manufacturers of ultra-thin glass as the sales of consumer electronic goods are expected to rise in the coming years. In recent years, several major electronics and electrical companies have expanded their operations across SAM, especially in Brazil, by forming collaborations with local manufacturers or building their own manufacturing plants. This can be attributed to the rising demand for computers, smartphones, and tablets from the middle-class population in the country.
Brazil is ranked as the third-most affected economy due to COVID-19 pandemic across the world. In SAM, Brazil recorded the highest number of COVID-19 confirmed cases, followed by Argentina, Colombia, Peru, and Chile. The governments in SAM have taken an array of actions to protect their citizens and combat the spread of the novel coronavirus through lockdowns, trade bans, and travel restrictions. This may have an impact on the growth of the ultra-thin glass market. In some areas of Brazil, the levels of vehicle production are almost back to the levels of prior years. However, the shortages of critical vehicle components are posing problems for automotive manufacturers. Also, with the introduction of vaccination, there is ease in the restrictions in the region which positively impacts the growth of ultra-thin glass market.
Strategic insights for the South 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$ 516.95 Million |
| Market Size by 2028 | US$ 937.37 Million |
| Global CAGR (2021 - 2028) | 8.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Manufacturing Process
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
|
The geographic scope of the South 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 SAM is expected to grow from US$ 516.95 million in 2021 to US$ 937.37 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028. Huge investment programs aimed at building a national electronics sector, tax credits for local businesses, high import duties, and a rapidly expanding demand for consumer goods such as smartphones and computers among the lower middle class attracted multi-national consumer electronics companies to invest in Brazil. Thus, the rapidly expanding consumer electronics industry in SAM countries is projected to open potential opportunities to the manufacturers of the ultra-thin glass market. Moreover, a high concentration of automakers in countries such as Brazil is anticipated to increase the demand for ultra-thin glass from the country’s automotive industry. This factor is projected to drive the regional market over the next few years.
SAM ultra-thin glass market is segmented into manufacturing process, application, end-use industry, and country. Based on manufacturing process, the SAM ultra-thin glass market has been divided into float, fusion. Fusion segment held the largest market share in 2020. Based on application, the SAM 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 SAM 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 Brazil, Argentina, UAE, and rest of SAM. Rest of SAM 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AGC Inc.; Corning Incorporated; Emerge Glass; Nippon Sheet Glass Co., Ltd; SCHOTT AG; and Xinyi Glass Holdings Limited.
The South America Ultra-Thin Glass Market is valued at US$ 516.95 Million in 2021, it is projected to reach US$ 937.37 Million by 2028.
As per our report South America Ultra-Thin Glass Market, the market size is valued at US$ 516.95 Million in 2021, projecting it to reach US$ 937.37 Million by 2028. This translates to a CAGR of approximately 8.9% during the forecast period.
The South 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 South America Ultra-Thin Glass Market report:
The South 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 South America Ultra-Thin Glass Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Ultra-Thin Glass Market value chain can benefit from the information contained in a comprehensive market report.
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