Market Challenges And Opportunities

Global Ultra-Thin Glass Market Drivers:

Growing demand for consumer electronics to augment market growth

Thin-glasses are widely used in the manufacturing of electronic products such as touch screen displays, LCDs, OLED displays, and other electronic devices. Moreover, it has a low thermal conductivity and high UV resistance, which means that it can be used for display applications without additional polishing. It is also resistant to scratches and abrasion, which makes it ideal for the curved surfaces of many products. The market for ultra-thin glass is primarily driven by the increasing popularity of the end-use industries such as consumer electronics.

Growing demand from light weight dual skin façade to foster market growth

Using this material to create a light weight dual skins facade or retrofitting an existing structure can be a cost-effective and creative way of designing next project. It can be a viable alternative to insulated glass units and is lightweight, flexible, and incredibly resistant to UV rays. There are many types of ultra-thin glass available, and some are more susceptible to breakage than others.

Global Ultra-Thin Glass Market Opportunities:

Growing use of ultra-thin glass in agriculture sector to provide significant opportunities for market growth. The demand for ultra-thin glass in the agricultural sector is increasing due to its insulating properties. This glass is also known for its lightweight and can be used in greenhouses. Its high light transmittance and insulating properties help increase plant growth, thereby boosting production.

Ongoing research and developments activities in the field is expected to provide bright market opportunities. For instance, in June 2021, Australian and European researchers developed the ultra-thin film, made of a semiconductor called gallium arsenide, could also be used to develop compact and flexible infrared sensors.

Restraints & Challenges:

High cost of raw materials
Fragile nature and availability of substitute

Global Ultra-Thin Glass Market Restraints:

High cost of raw materials is hindering market growth

The high cost of raw materials and manufacturing process is limiting the growth of the market. Also, the Covid-19 pandemic has impacted the ultra-thin glass market negatively by restricting the movement of workers and reducing their operational efficiency.

Fragile nature and availability of substitute is hampering market growth

Silicone-based alternatives are gaining importance as alternative to high cost ultra-thin glass. Moreover, the screen produce from ultra-thin glass used in electronics display is not ideal for hammering or large impact unlike plastic-based displays, which can resist huge impact. These factors are expected to hamper the market growth. However, growing research and development activities in the field will positively impact the market growth.