The glass substrate market is projected to reach USD 1.97 billion by 2022, at a CAGR of 5.7% between 2017 and 2022. Glass substrates are flat glass panels or disks on which integrated circuit is deposited with precision. Borosilicate, silicon, ceramic, fused silica/quartz, soda-lime, and aluminosilicate are raw materials used in the production of glass substrates. The increasing use of LCDs in consumer durables, smart handheld devices, and automotive applications is one of the most significant factors projected to drive the growth of the glass substrate market. In addition, the migration towards larger-generation glass substrates is further contributing to the growth of the glass substrate market.
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The shape, size, thickness, sharpness, and flexibility of glass substrates depend on their end-use application requirements. Moreover, the manufacturing of glass substrates incurs high cost, which, in turn, acts a restraint to the growth of the glass substrate market. Innovations in display technologies and the use of glass substrates in the automotive industry, especially in the electric vehicles segment, are key factors positively impacting the dynamics of the glass substrate industry. The rising demand for glass substrates from end-use industries, such as electronics, automotive, medical, aerospace & defense, and solar is expected to drive the demand for glass substrates, globally. Glass substrate is a key material used in the manufacture of semiconductors, LCDs, OLEDs, laptops, computers, and smartphones. Thus, the increasing use of glass substrates to develop electronic components is influencing the growth of the glass substrate market in the electronics industry.
The borosilicate-based glass substrates type is the fastest-growing type segment of the glass substrate market. Borosilicate-based glass substrates are preferred in several end-use industries, as they have a low coefficient of thermal expansion, which makes these substrates resistant to thermal shock. Moreover, the affordability of borosilicate-based glass substrates as compared to other substrate types is projected to drive the demand for borosilicate-based glass substrates.
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The glass substrate market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to technological advancements in end-use industries, such as electronics, automotive, medical, and aerospace & defense. The growth of the glass substrate market in the Asia Pacific region is further driven by the increased government support for the manufacturing of electronics and automobiles in this region.
Expansions, new product developments, and agreements were key growth strategies adopted by major players between 2014 and 2017 to strengthen their foothold in the glass substrate market. Leading companies in the glass substrate market are AGC (Japan), SCHOTT (Germany), Corning Inc. (US), Nippon Sheet Glass (Japan), Plan Optik (Germany), HOYA Corporation (Japan), LG Chem (South Korea), OHARA Inc. (Japan), IRICO Group New Energy Company Limited (China), and The Tunghsu Group (China).
AGC, one of the key players in the glass substrate market, has adopted the expansions strategy to increase its market share and cater to the rising demand for glass substrate products. In August 2017, AGC started the construction of the 11th generation TFT glass substrate manufacturing kilns in China. This development strategy enabled the company to increase its production capacity and address the rising demand for glass substrates in China. Moreover, in February 2017, AGC established a new research facility at its Keihin factory in Japan. This new facility based on urban value creation enabled the company to increase its R&D capacity.
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SCHOTT, another key player in the glass substrate market, adopted the expansions strategy to enhance its production capacities. In February 2017, SCHOTT established a state-of-the-art melting tank at its production site located at Mainz, Germany to produce ZERODUR glass ceramic substrates. This development strategy enabled the company to widen its customer base in the glass substrate market.
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The latest trending report Global Display Glass Substrate Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
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We present the impact assessment of Covid-19 effects on Display Glass Substrate and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
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Allied Market Research published a new report, titled, " Glass Substrate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.The report offers key drivers that propel the growth in the global glass substrate market.
These insights help to devise strategies and create new opportunities to achieve exceptional results.The research offers an extensive analysis of key players active in the global glass substrate industry.
These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
visit: https://www.alliedmarketresearch.com/glass-substrate-market/purchase-options Key offerings of the report:Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61466/global-flat-panel-display-glass-substrate-2020-157Segment by Type, the Flat Panel Display Glass Substrate market is segmented into:Gen. 8/8+Gen.
4/4-Segment by Application:TelevisionsMonitorsLaptopsOthersGlobal Flat Panel Display Glass Substrate Market: Regional AnalysisThe Flat Panel Display Glass Substrate market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Flat Panel Display Glass Substrate market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Flat Panel Display Glass Substrate Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
