The factors such as growing need of the larger-generation glass from the electronics industry, increasing use of the glass substrates in the automobile industry along with a range of the features provided such as the infrared radiation reflective glass, ultra-violet light reflective glass, noise-decreasing glass, glass equipped with the sensors for detecting the rainfall with the coatings for water repellent has been contributing to the growth of the glass substrate market during the forecast period.
New York, February 2022: Axiom Market Research & Consulting™ added a report on Glass Substrate Market which includes study on product type, end-use industry, and geography. Glass Substrate Market was projected to grow at a CAGR of 5.47% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Glass Substrate Market.
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The report analyses the glass substrate market based on type, end-use industry, and geography. By type, the glass substrate market is segmented into borosilicate-based glass substrates, ceramic-based glass substrates, fused silica/quartz-based glass substrates, silicon-based glass substrates. By end-use industry, the glass substrate market is segmented into aerospace & defence, automotive, electronics, medical, solar. Geographically, the glass substrate market is studied for the regions including North America, Europe, Asia-Pacific, and Rest of the World.
The key players in the glass substrate market are Asahi Glass Co., Ltd. (AGC), Corning Inc., Dongxu Group Co., Guardian Glass, Hoya Corporation, IRICO Group New Energy Company Limited, LG Chem, Ltd., Nippon Sheet Glass Co, Ltd., Ohara Inc., Plan Optik AG, Schott AG, The Tunghsu Group and Viracon among others.
Regional Trends of Glass Substrate Market
Based on the geography, the glass substrate market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific has been expected to gain major market share for the glass substrates in the glass substrate market during the forecast period. The factors like increasing usage of the glass substrates in the different applications and additionally, China also accounts the largest share of the market owing to the presence of the key players for the purpose of innovating new products for the different applications have been driving the growth of the market in the region during the forecast period.
Glass Substrate Market Segmentation Highlights
- Borosilicate-based glass substrate type segment is expected to lead the glass substrate market during the forecast period. The high chemical resistance and low thermal expansion has been fuelling the growth of the segment in the market during the forecast period.
- The electronics end-use industry is expected to lead the glass substrate market during the forecast period. The factors like increasing urbanization and demand for the manufacturing of the display devices, electronic components, computing and telecommunication devices, and semiconductors has been driving the growth of the segment in the glass substrate market during the forecast period.
- Asia Pacific is expected to gain high market share in the glass substrate market during the forecast period. The increasing use of the glass substrates in the different application has been driving the growth of the market during the forecast period.
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Research Objectives of Glass Substrate Market Report:
- Analysing the outlook of the glass substrate market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the glass substrate market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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