New York (US) – The companies analysed in the report include: AGC, Corning Inc., Nippon Sheet Glass, Hoya Corporation, LG Chem, Ohara Inc., Nippon Electric Glass, Schott, IRICO Group New Energy Co Ltd., Plan Optik. The Global Glass Substrate Market was valued at USD 1.39 billion in the year 2020. The glass substrate market is majorly driven by booming display-use glass substrate because of the very strong demand for large panels. Corning, AGC and NEG have oligopolies the display-use glass panel market. Further, with the increased disposable income in highly populated countries such as China and India, the consumption of electronics has also improved significantly.
The advancements in electronics and increased use of electronics drive the glass substrate market. Furthermore, the increasing penetration of electronics in automotive industry and the budding automation in manufacturing industries will further propel the market in the coming years.
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Factors such as the higher concentration of OEMs and ODMs across industries, including consumer electronics, automotive, healthcare, industrial, and others in APAC region will significantly drive glass substrate market growth in subsequent years.
Borosilicate Types of glass substrates are expected to hold the major share of Glass Substrate Market. The demand for larger, thinner, more uniform and pristine glass substrates with improved physical properties continues to drive the need for innovation on the part of the substrate manufacturers. With the introduction of EAGLE2000, Corning introduces a new generation of borosilicate glass substrates specifically designed for the TFT-LCD market.
Electronic End Use is expected to hold a very larger market share of Glass Substrate Market than other End Use. Increasing demand for technologically advanced consumer electronic devices across the globe such as smart wearable, mobile phones, tablets and computers among others will propel the market.
The report analyses the Glass Substrate Market by value (USD Million), by surface area (square metre). The report analyses the Glass Substrate Market by Type (Borosilicate, Silicon, Ceramic, Fused Silica, Others). The report analyses the Glass Substrate Market by End Use (Electronics, Automotive, Medical, Aerospace & Defence, Solar Power). The Global Glass Substrate Market has been analysed By Region (United States, Canada, Mexico, Germany, United Kingdom, France, Italy, China, Japan, India).
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The key insights of the report have been presented through the frameworks of SWOT and Porters Five Forces Analysis. Also, the attractiveness of the market has been presented by Type, by End Use, by region. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report. The report tracks competitive developments, strategies, mergers and acquisitions and new Type development. The report presents the analysis of Glass Substrate Market for the historical period of 2016-2020 and the forecast period of 2021-2026.
Key Target Audience Glass Manufacturing Companies Consulting and Advisory Firms Government and Policy Makers Regulatory Authorities
Key Questions Answered in the Market Report
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