Ultra-thin Glass Market to Garner $ 9.13 Billion Globally, by 2024 at Almost 12% CAGR, Says Technavio

By Pr Newswire10 days ago

NEW YORK, May 5, 2021 /PRNewswire/ --

TheUltra-thin Glass Market by End-user and Geography - Forecast and Analysis 2020-2024report has been added toTechnavio'soffering.

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The ultra-thin glass market is poised to grow by USD 9.13 billion between 2020-2024, progressing at a CAGR ofalmost 12% during the forecast period.

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Flat-panel display products such as flat-screen televisions, laptops, flat-panel monitors, smartphones, and smart wearables are extensively produced by using ultra-thin glass. This is because these glasses are lightweight, flexible, highly responsive, ultra-clear, and provide optimum electric resistance. Moreover, consumers are demanding bigger displays in liquid-crystal display (LCD) televisions, smartphones, automotive, and tabs.Out of these, TV screen size is expected to be the biggest force during the forecast period. the demand for CIDs and increased use of ADAS in smart cars boost the growth of flat panel displays in the automotive industry. The growth in end-user industries offering flat-panel display-based products will have a significant influence on thedemand for ultra-thin glasses across theglobe. Hence, the increasing demand for flat panel displays is expected to boost the sales of ultra-thin glass.

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