World Ultra-Thin Glass Market to Post 11.8% CAGR to 2022, States M&M in Its New Report Published at MarketPublishers.com
29 Nov 2017 • by Natalie Aster
LONDON – Worldwide, the market for ultra-thin glass is forecast to gather momentum at an 11.8% CAGR, from a value of USD 9.73 billion as of 2017 to USD 16.99 billion by 2022. The growing demand for lightweight and energy-saving materials in the electronics domain are the major factors expected to fuel this market’s growth. Meantime, the production cost of ultra-thin glass is set to limit the expansion of the marketplace.
Application-wise, the fingerprint sensors segment is poised to observe the fastest CAGR in the years to come. Ultra-thin glass boasts high electroconductivity and sensitivity, which makes it appropriate for use in this application.
The consumer electronics end-use segment is predicted to see the fastest CAGR in the foreseeable future. Ultra-thin glass is broadly used in such industry applications as displays and sensors.
APAC is likely to gather momentum at the fastest CAGR to 2022, propelled by the surging demand for ultra-thin glass from the Chinese and Japanese consumer electronics industry. Additionally, expanding electronic commerce activities across the region are also propelling this market growth.
New research report “Ultra-Thin Glass Market by Manufacturing Process - Global Forecast to 2022” elaborated by M&M examines the market on a global level.
The study analyses the market sizing and growth rates of different market segments based on application, production process, thickness, and end-use sector. A detailed geographical market analysis and segmentation is provided, too. The report casts light on the market driving and restraining factors, opportunities, and key challenges. It canvasses the competitive degree in the industry; includes granular profiles of the dominant players active in the market, covering their recent developments, preferable market strategies, etc. The study provides a comprehensive forecast of the industry development.
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