Precedence Research predicts, the global ultra-thin glass market size is expected to hit over US$ 33.45 billion by 2027 growing with a CAGR of 10.7% over forecast period 2020 to 2027.
OTTAWA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- According to research report, the ultra-thin glass market size was accounted US$ 14.83 billion in 2019. Ultra-thin glass refers to a high-end glass that possesses minimum thickness compared to other types of glasses. It is very thin even thinner compared to a single human hair strand hence offer advantages over other substrate materials that include metals, plastics, or silicon. It also provides superior optical quality, chemical consistency, temperature stability, and mechanical resistance in wide range of applications.
What are the ultra-thin glass market growth factors?
Ultra-thin glasses are extensively used in numerous consumer electronic devices that include LED, LCD, OLED displays, and many others. Further, these glasses have wide applications in advanced packaging, electrochromic windows and mirrors owing to their availability in variable sizes ranging from micrometers to millimeters. Further, increasing demand for touch panel displays, foldable smartphones, and roll able batteries expected to create alluring opportunities for the market growth over the upcoming years. The above mentioned products are in their development phase and are yet far away to be introduced in the market; however, increased Research & Development (R&D) in the product development and fast changing consumer preferences has motivated manufacturers to enhance the development process. This expected to be a key factor that propels the market growth for ultra-tin glasses as it helps significantly in the development of these devices.
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Apart from positive side of the market, high cost of raw materials along with the complex manufacturing processes estimated to hamper the market growth. However, increasing implementation of ultra-thin glasses in solar panels and other products ...
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