Display Glass Market Size is growing at CAGR of 4.2%, this report covers analysis by Market Segmentation, Growth and Forecast 2024 - 2031
The "Display Glass Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Display Glass Market Overview and Report Coverage
Display glass refers to a specialized type of glass used in the manufacturing of various electronic devices such as smartphones, tablets, televisions, and monitors. It is designed to provide superior optical performance, durability, and resistance to scratches and impact.
The future outlook for the display glass market is promising, with a projected growth rate of % during the forecasted period of 2024 to 2031. The increasing demand for high-resolution displays, advancements in glass manufacturing technology, and the rising adoption of smart devices are driving the growth of the market. Additionally, the growing popularity of advanced display technologies such as OLED and bendable displays is expected to further boost market expansion in the coming years.
Recent market trends in the display glass industry include the development of ultra-thin and flexible glass solutions, the increasing use of glass substrates in the automotive sector, and the rising demand for touch-enabled display panels. Key players in the market are focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge and capitalize on the growing opportunities in the global display glass market.
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Market Segmentation
The Display Glass Market Analysis by Types is segmented into:
- Gen. 8/8+
- Gen. 7/7.5
- Gen. 6/6.5
- Gen. 5/5.5
- Gen. 4/4-
The Display Glass Market is segmented into different types based on the generation of glass used in display manufacturing. Gen. 8/8+ represents glass used in larger displays like TVs, Gen. 7/ for mid-sized displays like laptops, Gen. 6/6.5 for smaller displays like smartphones, Gen. 5/5.5 for wearable devices, and Gen. 4/4- for small electronic gadgets. Each generation caters to specific display sizes and applications, offering improved performance and clarity for various electronic devices.
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The Display Glass Market Industry Research by Application is segmented into:
- Televisions
- Monitors
- Laptops
- Others
The display glass market for applications such as televisions, monitors, laptops, and others is driven by a growing demand for high-quality, durable, and scratch-resistant glass to enhance display performance. Display glass is essential for providing clarity, brightness, and touch sensitivity in electronic devices. The increasing adoption of advanced technologies such as OLED and 4K displays is further fueling the demand for innovative display glass solutions. This market segment is expected to continue growing as consumer electronics evolve with higher resolutions and features.
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In terms of Region, the Display Glass Market available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The display glass market in North America is driven by the increasing demand for advanced display technologies in the United States and Canada. In Europe, countries like Germany, France, ., Italy, and Russia are key players in the market, with a focus on innovation and technological advancements. The Asia-Pacific region, particularly China, Japan, South Korea, India, and Australia, presents significant growth opportunities due to the booming electronics industry. Latin America, specifically Mexico, Brazil, Argentina, and Colombia, is witnessing a rise in demand for display glass in the automotive and consumer electronics sectors. In the Middle East & Africa, countries like Turkey, Saudi Arabia, UAE, and Korea are key markets for display glass. Major players in the market include Corning, AGC, NEG, Tunghsu Optoelectronic, AvanStrate, IRICO Group, CGC, and LG Chem, with factors such as technological advancements, strategic partnerships, and acquisitions driving their growth.
Display Glass Market Emerging Trends
Some emerging and current trends in the global display glass market include the increasing adoption of OLED technology, the growing demand for flexible and foldable displays, the rising popularity of touch-screen displays, and the advancements in ultra-thin glass manufacturing. Additionally, there is a growing focus on sustainability and environmentally-friendly production methods in the display glass industry. Furthermore, the integration of augmented reality and virtual reality technologies is driving the demand for high-quality, durable display glass. Overall, the market is experiencing a shift towards innovative and technologically advanced display glass products to meet the demands of consumers in various industries.
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Major Market Players
- Corning
- AGC
- NEG
- Tunghsu Optoelectronic
- AvanStrate
- IRICO Group
- CGC
- LG Chem
Corning is a leading player in the display glass market, with a strong focus on innovation and quality. The company has a diverse product portfolio, catering to various industries such as telecommunications, automotive, and consumer electronics. Corning has seen steady market growth in recent years, driven by the increasing demand for advanced display technologies such as OLED and Gorilla Glass. With a strong focus on research and development, Corning continues to introduce new products and solutions to meet the evolving needs of its customers.
AGC is another key player in the display glass market, known for its high-quality products and customer-centric approach. The company has a strong presence in the Asia Pacific region, where demand for display glass is particularly high. AGC has been investing heavily in research and development to stay ahead of the competition and maintain its market leadership. The company has witnessed significant market growth in recent years, thanks to its focus on innovation and product differentiation.
In terms of market size, the display glass market is expected to reach a value of over $30 billion by 2025, driven by the increasing adoption of smartphones, tablets, and other electronic devices. With the growing demand for high-quality display technologies, players such as Corning, AGC, and others are expected to have a significant impact on the market.
In terms of sales revenue, Corning reported sales of $ billion in 2020, showcasing its strong position in the market. AGC, on the other hand, reported sales revenue of $14.7 billion in the same year, highlighting its competitive presence in the display glass market. Overall, these players are set to drive further innovation and growth in the display glass market, as they continue to meet the demands of the evolving consumer electronics industry.
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