Global Glass Substrate Market: Overview
Glass substrates are usually thin, plane glass boards in which very thin circuit is deposited with accuracy. The growing utilization of LCDs in customer durables, automotive applications, and smart handheld devices, is one of the most important aspects fuelling the development of the global glass substrate market in the coming years.
Global Glass Substrate Market: Growth Factors
Rising demand and requirement from wide applications in commercial as well as residential infrastructure ventures, increasing requirement for glass substrate from transportation & automotive division, expansion in semiconductor and electronics sector, infrastructure advancement in developing economies, government issues regarding public security and safety are some of the significant aspects that will fuel the demand and popularity for the global glass substrate market in the coming years.
The growing usage of LCDs in smart handheld equipment, automotive applications, and consumer durables are few of the most major aspects to fuel the development of the global glass substrate market. Furthermore, expansion of industries such as electronics and semiconductor is propelling the requirement for glass substrates. Augment in the manufacturing of semiconductors, electronic components, display devices, MEMS devices, computing & telecommunication devices are several other factors that are boosting the expansion of the global glass substrate market in the electronics business. Borosilicate is the most broadly used kind of glass substrate that is expected to be accredited owing to its properties such as low coefficient of thermal expansion, high chemical resistivity, and high surface strength.
On the other hand, the high manufacturing expenditure of glass substrates can act as a major challenge to the development of the global glass substrate market.
Global Glass Substrate Market: Segmentation
The global glass substrate market is classified in terms of end-user industry, type, and region. In terms of type, the global glass substrate market is categorized into borosilicate-based glass substrates, silicon-based glass substrates, fused silica/quartz-based glass substrates, ceramic-based glass substrates, and others (aluminosilicate-based glass substrates and soda-lime). In terms of end-user industry, the global glass substrate market is divided into automotive, electronics, aerospace and defense, medical, and solar industries.
Global Glass Substrate Market: Regional Analysis
The global glass substrate market in Asia Pacific region is projected to be the biggest market for glass substrates. China is projected to hold the highest market share of the global glass substrate market in Asia Pacific region which is likely to be followed by India. China is anticipated to be the major customer of glass substrates. South Korea, Japan, and Taiwan are considered to be other significant countries which are likely to contribute to the expansion of the global glass substrate market in the Asia Pacific. The growing demand and requirement for glass substrates from different end-user sectors such as automotive, electronics, and medical, is likely to fuel the expansion of the global glass substrate market particularly in the Asia Pacific.
Global Glass Substrate Market: Competitive Players
Some of the most important market players in the global glass substrate market are Schott, AGC, Nippon Sheet Glass, Corning Inc., HOYA Corporation, Plan Optik, OHARA Inc., LG Chem, The Tunghsu Group., and IRICO Group New Energy Company Limited, among others.
Global Glass Substrate Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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- Emerging segments and regional markets
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