The global glass substrate market revenue is expected to register a moderate CAGR over the forecast period. Increasing demand for glass substrates from industries, such as electronics, automotive, medical, aerospace & defense, thereby drives growth of the global glass substrate market over the forecast period, as these industry manufacturers end products using includes semiconductors, LCDs, sensors, and solar panels –glass substrate are widely used in these products.
The global glass substrate market report has been segmented on the basis of type, end use industry, and region. Based on type, the target market is segment based on borosilicate-based glass substrates, silicon-based glass substrates, fused silica/quartz-based glass substrates, ceramic-based glass substrates, and others. The borosilicate-based glass substrates segment is expected to account for major revenue share of market and register a CAGR of XX.X% over the forecast period.
Based on end use industry, the target market is segmented based on electronics, automotive, medical, aerospace & defense, and solar. The electronics segment is expected register fastest growth rate over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes for significant market share in terms of revenue in global ceramic substrate market and is expected to maintain its dominance over the forecast period. Asia Pacific is expected to register highest growth rate over the forecast period. Increasing demand for glass substrate in countries such as the China and Japan, owing to growing adoption of glass substrate for semiconductor packaging coupled with rapidly growing electronics industry are major factors expected to drive growth of market in the region over the forecast period. Market in North America is expected to register a second highest CAGR of XX.X% over the forecast period.
Some prominent players in the global glass substrate markets includes Asahi Glass Co., Ltd. (AGC), Schott AG, Corning Inc., Nippon Sheet Glass Co, Ltd., Plan Optik AG, Hoya Corporation, LG Chem, Ltd., Ohara Inc., IRICO Group New Energy Company Limited, and The Tunghsu Group.