Press Release: April 01, 2020
Ultra-Thin glass consists of a set of high-end glasses composed of borosilicate glass, aluminosilicate glass, or soda lime glass, providing excellent chemical durability, thermal stability and mechanical resistance. With a thickness under 2 mm and other remarkable properties such as light-weight, scratchproof and fall resistance abilities makes it suitable for different applications including Semiconductor Substrate, Touch Panel Displays, Fingerprint Sensors and Automotive Glazing. Its flexibility and blending property help in maintaining the sustainability in varied industrial purposes.
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The major factors contributing towards the growth of GCC ultra-thin glass market includes the growing usage of the energy-efficient and light-weighted glass material across various industries such as electronics and semiconductors, increasing utility of the ultra-thin glass in solar products and the continuous development in the Information Technology sector and allied industries in the GCC. With the rapid urbanization and high disposable income of the middle-class families, the consumer’s preference is shifting towards larger touch-panel displays and electronic devices such as LCDs, LEDs and OLEDs. This swift change in the consumer’s need is contributing towards the growing demand of the GCC Ultra-thin glass market. Moreover, the trending smartwatches seems to be a must-buy product for the millennial and is witnessing a rising share in the wearable industry. Thus, the rising demand for smartphones and smartwatches is anticipated to drive growth of the GCC Ultra-thin glass market. In addition, the usage of Ultra-Thin glass in the solar panels has witnessed a significant rise in the recent past. For instance, Dubai Airport has successfully installed a solar energy system comprising 15,000 photovoltaic panels at Terminal 2 International Airport with an annual capacity of 7,483,500, kWh. The expansion in demand is attracting new manufactures to enter in the market, however huge capital investment and complicated production process is restraining new entrants into the market.
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Various notable players operating in the market includes Corning Incorporated, AGC Inc., SCHOTT AG, Changzhou Almaden Co. Ltd., Xinyi Glass Holdings Limited, Nippon Sheet Glass Co., Ltd, Obeikan Glass Company, among others.
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The GCC Ultra-Thin Glass market has been segmented based on Manufacturing Process, Thickness, Application, End-Use Industry, and key countries. Based on Manufacturing Process, the market is segmented Float and Fusion. Based on Thickness, the market is segmented <0.1mm, 0.1-0.5mm, 0.5–1.0mm, and 1.0–1.2mm. Based on Application, the market is segmented Semiconductor Substrate, Touch Panel Displays, Fingerprint Sensors, Automotive Glazing, and Others. Based on End-Use Industry, the market is segmented Consumer Electronics, Automotive, Biotechnology, and Others. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.
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