Global Glass Substrate Market Size study & Forecast, by Type (Borosilicate, Silicon, Ceramic, Fused Silica/Quartz-Based Glass Substrates, Other Types), by End-Use Industry (Electronics, Automotive, Medical, Aerospace & Defense, Solar) and Regional Analysi

Global Glass Substrate Market Size study & Forecast, by Type (Borosilicate, Silicon, Ceramic, Fused Silica/Quartz-Based Glass Substrates, Other Types), by End-Use Industry (Electronics, Automotive, Medical, Aerospace & Defense, Solar) and Regional Analysis, 2023-2030

Global Glass Substrate Market is valued at approximately USD 6.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.50% during the forecast period 2023-2030. Glass substrate refers to a thin, flat piece of glass material that serves as the foundation or base for various technological applications, such as electronics, optics, and display technologies. It typically exhibits high optical transparency and smoothness, making it suitable for applications such as Liquid Crystal Displays (LCDs), touchscreens, photovoltaic panels, and semiconductor devices. The Glass Substrate Market is expanding because of factors such as rising demand for LCDs in consumer and automotive applications, growing demand in photovoltaic applications and growing urbanization in emerging countries.

The increasing adoption of solar energy as a renewable energy source has led to a surge in the production of solar panels. Glass substrates serve as a crucial component in the manufacturing of photovoltaic modules, providing a durable and transparent cover that protects solar cells from environmental factors while allowing sunlight to penetrate and generate electricity. According to an IRENA (International Renewable Energy Agency) report, global solar photovoltaic (PV) generation experienced an unprecedented surge, recording a remarkable increase of 179 terawatt-hours (TWh) in 2021, marking a 22% rise from 2020. Furthermore, solar energy contributed 3.6% to the total global energy generation in 2021. Additionally, heightened awareness of environmental concerns and the growing need to mitigate carbon emissions have led to an increased demand for solar energy. For instance, according to the International Energy Agency (IEA) report detailing India's clean energy transition in 2022, the nation has committed to deploying 500 gigawatts of renewable energy capacity. This initiative aims to reduce the emissions intensity of India's economy by 45% and mitigate up to one billion tons of CO2. This drive toward renewable energy expansion, particularly solar power, directly influences the demand for glass substrates used in photovoltaic applications. In addition, with an increasing focus on personalized medicine, telemedicine, and point-of-care diagnostics, there is a growing demand for glass substrates with enhanced biocompatibility, sterilization capabilities, and optical transparency. However, the high costs related to the development of glass substrate technology and the rise in raw material prices stifled the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Glass Substrate Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as the dominance of established players in the market, growing demand for automotive and rising technological innovation in the region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the presence of leading manufacturing hubs such as India, China and Taiwan. Also, rapid industrialization, emergence of the solar energy sector and rising government initiatives drives the market growth in the region.

Major market player included in this report are:
AGC Inc.
Schott AG
Corning, Incorporated
Nippon Sheet Glass Co., Ltd.
Plan Optik AG
HOYA Corporation
Ohara Inc.
IRICO Group New Energy Company Limited
Toppan Inc.
Tunghsu Group Co. Ltd.

Recent Developments in the Market:
 In February 2023, AGC Inc. collaborated with Saint-Gobain to create a pilot breakthrough flat glass line that is predicted to dramatically cut direct CO2 emissions.
 In January 2023, AGC Inc. created a CADTANK Online Computation and Optimization Assistant (a digital twin technology) for the glass melting process.
 In January 2022, Schott AG introduced FLEXINITY, an ultra-fine structured glass that adds a game-changing aspect to semiconductor production, which has traditionally relied on Printed Circuit Boards (PCB) and silicon interposers for advanced chip packaging.

Global Glass Substrate Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, End-Use Industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Borosilicate
Silicon
Ceramic
Fused Silica/Quartz-Based Glass substrates
Other Types

By End-Use Industry:
Electronics
Automotive
Medical
Aerospace & Defense
Solar

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
AGC Inc.
Schott AG
Corning, Incorporated
Nippon Sheet Glass Co., Ltd.
Plan Optik AG
HOYA Corporation
Ohara Inc.
IRICO Group New Energy Company Limited
Toppan Inc.
Tunghsu Group Co. Ltd.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.