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The textile recycling market was worth USD 4.8 billion in 2023 and is expected to reach USD 6.6 billion by 2033 at a CAGR of 3.2% between 2023 and 2033.

The US is known for producing nearly 25 billion pounds of textiles yearly. It could be equated with nearly 82 pounds/citizen. Upcycling is amongst the potential recycling approaches that maximize the conservation of raw materials, water, and energy.

The US is amongst the biggest manufacturers of textile-related products – as stated by the National Council of Textile Organization. The Council for Textile Recycling states that a US citizen, on the whole, does throw away nearly 70 pounds of textiles every year. This is where textile recycling comes to the rescue.

Tyton Biosciences has its water-based hydrothermal solution for recycling garments made from polyester, cotton, and polycotton blends. Cotton thus gets segregated from polyester by having it disassembled into monomer components, thereby letting it get re-assembled into a brand new polyester. MMCFs (Man Made Cellulosic Fibers) could also replace tree pulp.

It has been observed that recycled polyamide, as compared to virgin polyamide/nylon, gives lower emissions of carbon dioxide. Patagonia uses recycled polyamide in more than 80% of the apparel they create.

At the same time, the fact that different materials need specialized handling methods can’t be ignored. This factor could restrain the textile recycling market.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Textile Recycling Market’. It has its team of analysts and consultants to look through a 360-degree approach in its primary, secondary, and tertiary modes of research.

“The Government of the United States has decided to increase consumers’ awareness of textiles’ recycling. It launched an initiative for achieving zero waste by 2037 under the guidance of the Council of Textile Recycling (CTR), which is likely to further boost the size of the market”, Future Market Insights.

Key Takeaways from the Textile Recycling Market

• North America holds a significant market share, with the US being subject to growing awareness regarding the impact of textile waste on the environment. Various public awareness campaigns are being conducted regarding textile recycling.
• Europe holds the second-largest market share, with Germany, France, and the UK opting for something like the Sustainable Clothing Action Plan. The government of the UK has put forth the Textile 2030 initiative.
• The Asia Pacific is expected to grow at a rapid pace in the textile recycling market, with South Korea, Japan, and China leading from the front. This is evident from the fact that Hyosung, in May 2021, collaborated with various municipal governments for manufacturing nylon fabrics made out of recycled fishing nets. Vegan Tiger has come up with several textiles made out of materials like stickers, gift wrap, and paper.

Competitive Textile Recycling

• Birla Cellulose, in May 2023, entered into collaboration with TextileGenesisTM to provide transparency and traceability solutions in the garments vertical. The orchestrators include Fashion for Good, Canopy, and Circular Fashion Partnership for scaling the circular business model.
• Lenzing Group, in 2023, did announce launching LENZINGTM ECOVERO abreast with REFIBRATM technology that would help it in transiting toward a circular economy in the textile vertical.
• Circ, in April 2023, entered into collaboration with Zara to launch a womens’ wear collection made from recycled polyester and Lyocell separated from the mixed residue in the form of textile waste.
• Indorama Ventures Public Company, in June 2020, completed the acquisition of AG Resinas Ltd’s PET recycling facility.
• TRI Group, in May 2022, completed the acquisition of Soex UK to strengthen its presence in Europe.
• Saint-Gobain, in April 2022, announced planning to spend US$ 32 Million toward the upgradation of CertainTeed’s Chowchilla glass wool plant based out of California. It estimates that this upgradation would be curtailing emissions of carbon dioxide by 4000t/yr.
• HYOSUNG TNC, in March 2022, did ink an agreement with TOPTEN for working together to develop high-class eco-friendly products.

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Top Key Players in the Textile Recycling Market

• Worn Again Technologies
• Lenzing Group
• Birla Cellulose
• BLS Ecotech
• The Woolmark Company
• Ecotex Group
• The Boer Group
• Unifi Inc.
• Textile Recycling International
• Hyosung Group
• Martex Fiber
• RenewCell
• Pistoni S.r.l
• RE TEXTIL Deutschland GmbH

What does the Report state?

• The research study is based on material (cotton, polyester, wool, polyamide, and likewise), source (apparel waste, home furnishing waste, automotive waste, and likewise), and process (mechanical and chemical).
• The textile recycling market is expected to grow with the objective of doing away with the accumulation of textile waste in landfill space.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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In 2023, the cold gas spray coating market is expected to be worth USD 1.1 billion. The market is anticipated to grow at a CAGR of 4.4% from 2023 to 2033, reaching USD 1.6 billion.

For the automotive and aerospace sectors, cold gas spray painting is essential because it reduces the costs associated with sustainability by preventing the need to replace corroded and damaged aircraft parts.

Advanced nanostructured and amorphous materials are being used in several verticals, including electronics, electrical, and medicine. As nano-crystalline materials are sensitive to temperature, cold gas spray could be used effectively without harming their advantageous microstructure.

High-pressure technology dominates the cold gas spray coating market, and the scene is expected to remain the same even going forward.

At the same time, the fact that cold gas spray coating gets adversely impacted by ore extraction processes’ costs can’t be ignored. This factor could restrain the cold gas spray coating market in the forecast period.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Cold Gas Spray Coatings Market.’ It has its team of analysts and consultants to look through the macros and micros of the cold gas spray coating market.

“With sustainability being the top priority, the demand for cold gas spray coating market is expected to grow on an exorbitant note during the forecast period”, insights shared by our key consultant at Future Market Insights.

Key Takeaways from Cold Gas Spray Coating Market

• North America holds the largest market share, with the United States being subject to conducive government regulations related to the usage of high-class and lightweight components in the automotive sector as substitutes for metals and alloys.
• Europe holds a significant market share, with the United Kingdom, France, Germany, and Russia leading from the front, especially for satellite and aircraft components.
• Asia Pacific is expected to grow fastest in the cold gas spray coating market, with regions like India, Japan, and China primarily using cold gas spray coatings to repair and coat polymer and metal components and extend durability and operational life.

Competitive Cold Gas Spray Coating

• VRC Metals, in July 2022, did unleash the C.A.M.P Site cold spray system.
• Hannecard, in January 2021, did join forces to operate under the name ‘Hannecard Roller Coatings, Inc.’ The companies would be sharing their technology expertise to expand their services and portfolios.
• EWI, in November 2021, announced the launching of its cold spray research center to unlock cold gas spray coating market potential.
• Oerlikon, in March 2023, did acquire Riri to expand its offerings, in coatings in particular, significantly.

Key Companies Profiled

• Plasma Giken Co., Ltd.
• VRC Metal Systems, LLC
• Curtiss-Wright Surface Technologies
• Bodycote
• Praxair S.T. Technology, Inc.
• ASB Industries, Inc.
• Fujimi Incorporated
• Oerlikon Metco
• Flame Spray Technologies B.V
• Polymet Corporation

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Global Cold Gas Spray Coating Market Segmentation

By Technology:

• High Pressure
• Low Pressure

By End Use:

• Transportation
• Aerospace
• Automotive
• Electrical & Electronics
• Oil & Gas
• Utility
• Medical
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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By 2033, it is expected that the welding materials market will be worth more than USD 24.7 billion. In the forecasted period of 2023 to 2033, it is anticipated to register a consistent CAGR of 4.9%.

Welding materials are an important component of the global construction and manufacturing industries. Welding materials are essential for joining and manufacturing different types of materials such as metals and alloys to create structures, products, and machines.

Welding is a process of melting and fusing materials to form a strong bond. The selection of welding materials depends on factors such as the type of material being joined, specific application, and desired properties of the weld.

Welding materials are used in several industries, including automotive, aerospace, construction, shipbuilding, oil & gas, manufacturing, and more. They are set to be essential for construction sites, machines, vehicles, pipelines, and several other parts.

The welding materials industry is influenced by aspects such as technological advancements, industry regulations, and economic conditions. Market trends include developing more efficient and environmentally friendly welding materials. Increasing automation of welding processes and adopting improved welding techniques are also set to push demand.

As environmental awareness surges, more attention is being paid to the use of welding materials that produce less emissions and minimize the impact on the environment. This has led to the growth of low-emission materials and more energy-efficient welding processes.

The welding materials market is also expected to be influenced by economic growth, industrial development, and infrastructure projects globally. Emerging economies experiencing rapid industrialization often underwrite to increased demand for welding materials.

The market might further face challenges such as need for skilled welders, safety issues associated with welding operations, and competition from alternative joining technologies. Launch of new technologies such as bonding and fasteners is expected to hamper sales.

Key Takeaways from the Welding Materials Market Report

• The United States welding materials industry is projected to reach US$ 4.2 billion in the forecast period.
• The United Kingdom welding materials industry is set to be valued at US$ 787.4 million by 2033.
• China welding materials industry is likely to cross a value of US$ 4.5 billion by 2033.
• Japan welding materials industry is estimated to top a valuation of US$ 3.4 billion by 2033.
• Based on technology, the arc welding segment is set to witness a CAGR of 4.5% from 2023 to 2033.

“Welding materials are set to be widely used to manufacture and collect automotive parts such as exhaust systems, body frames, and engine parts. Demand for lightweight, high-strength automotive materials such as aluminum and steel might further increase sales.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Key companies and manufacturers are directing on expanding their service & product portfolios by launching new products. They would also employ several growth strategies such as acquisitions, advertising, partnerships, deals, and mergers to stay significant in the market.

Key Companies Profiled

• Ador Welding Ltd
• Air Liquide SA
• Air Products and Chemicals, Inc.
• Colfax Corporation

For instance,

• In November 2020, ESAB Group Inc. and YASKAWA announced a partnership agreement. They are aiming to develop a range of pre-engineered robotic welding systems called XCellerator.
• In July 2019, Lincoln Electric Holdings announced the conclusion of its acquisition of a significant stake in Kaynak Teknigi Sanayi ve Ticaaret A.S to accelerate regional growth policy.

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Welding Materials Market Outlook by Category

By Type:

• Electrode & Filler Materials
• Fluxes & Wires
• Gases

By Technology:

• Arc Welding
• Resistance Welding
• Oxy-fuel Welding
• Other Technologies

By End Use:

• Transportation
• Building & Construction
• Heavy Industry
• Other End Uses

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global glass wool insulation market is projected to grow from USD 4,030.3 million in 2023 to USD 4,223.2 million in 2024, and further to USD 6,996.3 million by 2034, reflecting a compound annual growth rate (CAGR) of 5.2% over the forecast period. This growth is driven by increasing demand for energy-efficient buildings, rising awareness of sustainability, and the need for effective thermal and acoustic insulation solutions across various industries, including construction and automotive sectors. Glass wool’s cost-effectiveness and eco-friendly properties make it a popular choice for both residential and commercial applications.

Rising adoption of glass wool insulation in residential & industrial buildings, HVAC systems, and other appliances is expected to drive the global market forward. This is due to the ability of glass wool insulation to reduce energy consumption and increase savings.

Glass wool insulation is a commonly used and effective option for enhancing energy efficiency, thermal comfort, and acoustic performance of buildings. It is also known as fiberglass insulation.

Glass wool insulation is lightweight, fire-resistant, eco-friendly, and corrosion-resistant. It is used for thermal and acoustic insulation. Increasing usage of glass wool insulation in buildings and industrial applications for reducing heat transfer and improving energy efficiency is expected to boost the target market.

The exponential growth of residential sector due to increasing population is creating lucrative opportunities for glass wool insulation manufacturers. This trend is likely to further escalate during the forecast period amid rising trend of green construction.

According to the United Nations (UN), the global population is estimated to reach US$ 9.7 billion in 2050 and 10.4 billion by 2100. This is expected to create a high demand for new residential buildings which in turn will bolster glass wool insulation sales.

Glass wool insulation helps homeowners to improve energy efficiency, acoustic performance, and thermal comfort of buildings. As a result, this type of insulation is gaining immense popularity in residential sector.

Growth in the global wool insulation market will also be triggered by several other factors. These include implementation of stringent energy efficiency regulations by governments across the world and growing popularity of green buildings.

Glass wool insulation also finds usage in HVAC systems as well as industrial equipment. Growing adoption of these products will therefore uplift glass wool insulation during the assessment period.

“Rising popularity of green buildings and enforcement of new energy efficiency regulations are expected to present lucrative growth opportunities for glass wool insulation companies during the assessment period. To take advantage of these opportunities, key companies need to continuously upgrade their portfolios by launching new products with enhanced features.” – says a lead Future Market Insights (FMI) analyst

Who is Winning?

The key players are concentrating on developing new light and environment-friendly products to meet evolving end user demand. They are also employing strategies such as acquisitions, partnerships, mergers, alliances, collaborations, and distribution agreements to improve their revenues and strengthen their footprint.

Leading Glass Wool Insulation Market Players

• Saint-Gobain
• Owens Corning
• KCC Corporation
• Johns Manville
• Knauf Insulation
• Rockwool International
• URSA Insulation S.A.
• China Iking Industrial Group Co., Ltd
• PGF Insulation
• Pink Batts
• BeiJing North Refractories Co. Ltd
• Asahi Fiber Glass Co., Ltd.
• STM Technologies

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Key Segments of Market Report

By Product Type:

In terms of product type, the industry is divided into blankets (rolls and batts), rigid boards, loose-fill, duct wraps and liners, and others.

By End Use:

In terms of end-use, the industry is divided into residential construction, commercial construction, industrial construction, and HVAC systems. The residential construction segment is further divided into new residential buildings and retrofit and renovation. The commercial construction segment is further divided into office buildings, retail spaces, and hospitality (hotels, restaurants). The industrial construction segment is segregated into manufacturing facilities, warehouses, and energy and power plants. The HVAC systems segment is further bifurcated into duct insulation and pipe insulation.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa have been covered in the report.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

 

In 2022, the market for industrial X-ray films reached USD 58.6 million. Industrial X-ray film demand is anticipated to reach USD 62.4 million in 2023. The demand is expected to grow at a 5.3% CAGR between 2023 and 2033, according to the prediction. By the end of 2033, revenue is projected to reach about USD 104.4 million.

The global industrial X-ray films market is set to be driven by growing demand from the automotive sector. Increased production of automobiles has spurred the demand for high standards of quality in manufacturing processes. To detect flaws in key components, including welds, castings, and composite materials, X-ray films are employed.

The automobile industry’s emphasis on safety has led to more in-depth component inspections that necessitate X-ray testing. X-ray films assist researchers in examining the characteristics of novel materials and their applicability for automobiles as automotive materials develop.

Automotive producers are obligated by strict laws to follow particular inspection requirements, which include the usage of X-ray films. X-ray images help find defects that can be hidden from view as components get smaller and more complex. Non-destructive testing is made possible using X-ray films, guaranteeing that components are still intact following inspection.

Early defect detection reduces manufacturing waste and boosts production effectiveness. X-ray inspection aids in component design optimization, improving durability and performance in automobiles.

The Need for industrial X-ray films is also projected to be pushed by the growing automation of X-ray inspection. Automation makes inspection procedures quicker, which increases the need for X-ray films to keep up with the quickening speed.

Small imperfections can be found by automated methods, thereby increasing the demand for precise, high-quality X-ray films. Automation makes it possible to check complex components, further raising the demand for X-ray films that can clearly show complex features and structures.

The Need for dependable and consistent X-ray films might surge as automated X-ray inspection becomes crucial to quality control. As non-destructive testing gains traction as a result of automation, X-ray films that allow in-depth analysis without inflicting harm are required. Demand for X-ray films is set to be fueled by the use of automation in predictive maintenance to evaluate the state of equipment and spot possible problems.

Key Takeaways from Industrial X-ray Films Market Study

• The global market for industrial X-ray films is expected to reach a valuation of US$ 104.4 million by 2033.
• Sales of industrial X-ray films are likely to expand at 5.3% CAGR over the forecast period.
• The United Kingdom industrial x-ray films industry is poised to surpass a valuation of US$ 3.7 million by 2033.
• Japan industrial x-ray films industry is estimated to reach a market valuation of US$ 15.1 million by 2033.
• Based on end use, the oil & gas segment is estimated to propel at a CAGR of 5.1% during the forecast period 2023 to 2033.

“Integration of automation is likely to create new opportunities for the industrial x-ray films industry players during the assessment period. Leading manufacturers might invest in research & development to enhance film sensitivity and image quality.” – says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape

Key manufacturers are offering a range of film types to cater to different industry needs. They are focusing on launching traditional computed radiography as well as digital radiography.

They are also developing specialized films for applications such as non-destructive testing and aerospace. They are further creating eco-friendly films with reduced chemical usage and waste generation.

Key Companies Profiled

1. China Aerospace Science and Technology Corporation
2. Foma Bohemia spol. s r.o.
3. FUJIFILM Holdings Corporation
4. General Electric Company
5. Konica Minolta, Inc.

Leading Companies in the Industrial X-ray Films Market-

• General Electric Company (GE) is a pioneer in the fields of power, renewable energy, and aerospace. It is a leader in the delivery of solutions in fields such as data analytics, materials science, and additive manufacturing. GE is mainly recognized for its work in the aerospace, power, and renewable energy sectors.

Industrial X-ray Films Market Outlook by Category

By End Use:

• Oil & Gas
• Automotive
• Aerospace & Defense
• Other End Uses

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia and the Pacific
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global ultra-thin glass market is poised for substantial growth, with its valuation expected to rise from USD 10.7 billion in 2023 to over USD 29.5 billion by 2033, representing a robust CAGR of 10.7% over the forecast period. This impressive expansion can be attributed to the increasing demand for ultra-thin glass across various industries, including electronics, automotive, and renewable energy, driven by its unique properties such as high flexibility, transparency, and durability. Innovations in manufacturing processes and the rising adoption of smart devices and advanced display technologies further bolster the market’s growth prospects, positioning ultra-thin glass as a critical material in the future of technology and design.

Ultra-thin glass can be made to be far more flexible than regular glass. They should be perfect for flexible screens, wearable technology, and cell phones. The recent millennial craze for foldable cell phones could boost demand.

The design of new foldable cell phones is such that they can appeal to buyers who want distinctive items aesthetically. Millennials who wish to differentiate themselves from traditional flat phones are anticipated to buy these.

By 2033, smartphone manufacturers such as Samsung and Oppo are anticipated to release several foldable phone models. This is because these businesses frequently work to be on the cutting edge of technology advancements. Additionally, it is anticipated that this will enhance the brand’s reputation.

Several people view foldable cell phones as a status symbol as they are typically more expensive than traditional flat-screen phones. Hence, it is likely that luxury companies will sell these phones.

For instance, the much anticipated foldable smartphone from OnePlus, the OnePlus Fold, will soon be available. In 2023, the company might release its first folding product.

Even though OnePlus hasn’t formally confirmed the launch, the upcoming phone will undoubtedly go on sale. It might be able to compete with seasoned rivals such as Motorola and Samsung, who have been active in the foldable phone sector for years.

Remote locations and non-metros are likelier than metro areas to adopt Samsung’s foldable and flip phones. Buying these cell phones has become easier as additional financing options are accessible.

Samsung claimed in August 2023 that 1,50,000 pre-orders for its fifth-generation foldable smartphones, unveiled in India in July, had been placed. While the Galaxy Z Flip5 is marketed at a younger audience, the Galaxy Z Fold5 is intended for business users.

Due to their affordability, materials such as polymer and plastic were employed in older flat phones. However, as ultra-thin glass is more durable than the alternative, smartphone manufacturers use it in foldable phones. This is designed to withstand frequent unfolding and folding without causing screen damage.

Market Trends: A Glimpse into the Future

Several key trends are driving the growth of the ultra-thin glass market:

• Consumer Electronics Reign Supreme: The relentless pursuit of thinner, lighter, and more stylish devices has made ultra-thin glass an indispensable component. From smartphones and tablets to smartwatches and wearable technology, the demand for this material is soaring.
• Automotive Industry Revs Up: The automotive sector is undergoing a transformation, with a focus on electric vehicles and advanced driver assistance systems (ADAS). Ultra-thin glass is emerging as a crucial material for display screens, roofs, and even body panels.
• Beyond the Obvious: While consumer electronics and automotive dominate the landscape, other sectors are also embracing ultra-thin glass. Architectural applications, medical devices, and aerospace are among the industries exploring its potential.
• Innovation Takes Center Stage: Research and development efforts are intensifying, pushing the boundaries of ultra-thin glass technology. Flexible displays, self-healing coatings, and enhanced durability are some of the exciting innovations on the horizon.

Key Takeaways from the Ultra-thin Glass Market Study

• The global ultra-thin glass industry exhibited a robust CAGR of 13.7% in the historical period between 2018 and 2022.
• The United States ultra-thin glass industry is anticipated to generate an entire earnings outlook of US$ 3.4 billion from 2023 to 2033.
• The United Kingdom’s ultra-thin glass industry is expected to gain a comprehensive revenue scope of US$ 729.9 million through 2033.
• In terms of manufacturing process, the float segment is likely to witness a CAGR of 10.2% in the review period.
• In terms of thickness, the less than 0.1 mm segment is expected to register a CAGR of 10.0% in the assessment period.

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Competitive Landscape

With diverse small- and large-scale businesses, the ultra-thin glass industry is highly fragmented worldwide. To meet the shifting consumer needs, they are primarily concentrating on developing innovative products.

Leading companies are developing cutting-edge eyewear to sell to recognized smartphone manufacturing companies. There will soon be more options for foldable smartphones due to the high demand for them. To create success, they are also engaging in research and development initiatives.

For instance,

• Galaxy foldables are revolutionizing what is possible for smartphone users worldwide with their inventive experiences and interactions. Key element of Samsung’s foldable devices is ultra-thin glass. It is a special material that keeps its tensile strength and durability even after being folded hundreds of times or more.

Leading Market Players

Aeon Glass (Aeon Industries Corp., Ltd); Air-Craftglass Inc.; Asahi Glass Co., Ltd; AvanStrate Inc.

Regional Insights: A Global Phenomenon

The ultra-thin glass market is experiencing robust growth across different regions:

• Asia Pacific: The Manufacturing Hub: Countries like China, Japan, and South Korea are at the forefront of ultra-thin glass production, thanks to their strong manufacturing capabilities and technological advancements.
• North America: A Tech-Driven Market: The United States and Canada are major consumers of ultra-thin glass, driven by the thriving consumer electronics and automotive industries.
• Europe: Innovation and Luxury: Europe is a hub for research and development in ultra-thin glass, with a focus on high-end applications in luxury vehicles and premium consumer products.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube