LCD Glass Substrates

Global LCD Glass Substrates Market to Reach US$10.7 Billion by 2030

The global market for LCD Glass Substrates estimated at US$8.5 Billion in the year 2024, is expected to reach US$10.7 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2024-2030. Televisions, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$5.9 Billion by the end of the analysis period. Growth in the Monitors segment is estimated at 3.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 6.7% CAGR

The LCD Glass Substrates market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

LCD Glass Substrates - Key Trends and Drivers

LCD glass substrates are critical components in the manufacturing of liquid crystal display (LCD) panels, which are widely used in various electronic devices such as televisions, computer monitors, smartphones, and tablets. These substrates serve as the foundational layers upon which the liquid crystal molecules are deposited and manipulated to produce images. The quality of the glass substrates directly impacts the performance, resolution, and durability of the LCD panels. Manufacturers typically use ultra-thin, high-purity glass with excellent thermal and chemical stability to ensure optimal display performance. The production of LCD glass substrates involves advanced technologies and processes, including precision cutting, polishing, and chemical treatment, to meet the stringent requirements of the electronics industry.

Several trends are shaping the LCD glass substrate market, driven by continuous advancements in display technology and changing consumer preferences. One significant trend is the increasing demand for high-resolution displays, such as 4K and 8K televisions, which require superior quality glass substrates to achieve higher pixel densities and improved image clarity. Additionally, the growing popularity of flexible and curved displays in smartphones and wearable devices is driving innovation in glass substrate manufacturing. These applications demand substrates that are not only thin and lightweight but also possess high flexibility and strength. Moreover, the push for energy-efficient and environmentally friendly displays is leading to the development of substrates that enhance light transmission and reduce power consumption. Innovations in materials science, such as the use of chemically strengthened glass and the incorporation of advanced coatings, are further enhancing the performance and durability of LCD glass substrates.

The growth in the LCD glass substrate market is driven by several factors. Advancements in display manufacturing are enabling the production of larger, thinner, and more durable glass substrates, catering to the increasing demand for high-performance displays. The proliferation of consumer electronics, particularly smartphones and televisions, is significantly boosting the need for high-quality LCD panels, thereby driving the demand for superior glass substrates. Consumer behavior trends towards larger screens and higher resolutions are also contributing to market growth. Additionally, the rapid adoption of advanced display technologies in automotive and industrial applications is expanding the market for specialized glass substrates. The increasing focus on sustainability and energy efficiency in electronic devices is pushing manufacturers to develop eco-friendly substrates that reduce energy consumption and environmental impact. Furthermore, strategic partnerships and collaborations between glass manufacturers and electronics companies are fostering innovation and accelerating the introduction of new products in the market. These combined factors are propelling the growth of the LCD glass substrate market, ensuring its critical role in the future of display technology.

SCOPE OF STUDY:

The report analyzes the LCD Glass Substrates market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Televisions, Monitors, Laptops, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 27 Featured) -

• AGC Asahi Glass
• AGC, Inc.
• AvanStrate Inc.
• Corning, Inc.
• IRICO Group Electronics Co., Ltd.
• LG Chem Ltd.
• Nippon Electric Glass Co., Ltd.
• Ohara Corporation
• Samsung Electronics Co., Ltd.
• The Tunghsu Group

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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