Glass Substrate Market size was valued at USD 4.2 Billion in 2023 and the total Glass Substrate revenue is expected to grow by 7.8% from 2023 to 2030, reaching nearly USD 6.3 Billion.Glass Substrate Market Overview:
In materials science and engineering, the substrate is the foundation component on which processing takes place. This layer is used to create new films or material coatings, e.g. deposited coverings. It might be the foundation to which paint, glue, or sticky tape adhere. A hard substrate, e.g. metal, cement, or glass, could be used to apply a layer. Malleable substrates are also utilized. The report explores the Glass Substrate market's segments (Type, End-User Industry, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018-2023. The report investigates the Glass Substrate market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Glass Substrate market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Glass Substrate Market Dynamics:
A major driver of the market is that in the automobile sector, there has been an increase in the usage of fiberglass composites. Fiberglass offers a greater strength-to-weight ratio, which is significant in the automotive industry. Vehicles made of lightweight, high-strength materials provide higher mileage and better fuel economy. To minimize carbon dioxide emissions, the automobile sector has been subjected to rigorous restrictions. This has prompted the automotive industry to develop fuel-efficient compact cars to cut greenhouse gas emissions. In the automobile industry, fiberglass substrates are frequently utilized as an alternative to aluminum and steel in the production of lightweight cars. The key opportunity in the market is that solar power-producing facilities have a lot of promise in the glass substrate industry. The price of power is always rising; as a result, the need for alternative energy sources has increased during the previous decade. Solar energy is one of the substitutes for traditional energy sources. The functionality of photochromic smart glass substrates is affected by sunshine, either actively or passively. The adoption of such smart glass substrates significantly reduces power usage, particularly for heating and cooling systems. Solar power-producing plants are one of the growing possible applications of smart glass substrates. Smart glass panels are used in solar panels to capture as much light as possible to create power. In the future, the solar power generating sector is likely to provide several potentials for smart glass technologies. A major challenge in the market is that glass production consumes a lot of fuel. A huge quantity of fuel is used in the glass-making process to liquefy raw ingredients. This also results in the release of hazardous gases e.g. carbon dioxide. There is a desire for novel production procedures that reduce fuel use. Companies e.g. Nippon Sheet Glass (Japan), which are important participants in the insulated glass window industry, are developing innovative methods to cut fuel usage, which would not only lower manufacturing costs but also help them adhere to several carbon credits rules. This would assist these businesses in achieving long-term success.Glass Substrate Market Segment Analysis:
By End-User Industry, the electronics segment is expected to grow at a CAGR of 4.1% in the forecast period. The glass substrate is widely and diversely used in the electronics sector. They are utilized in the production of semiconductor circuits for a variety of applications. Glass substrate uses in semiconductors include CMOS, MEMS, image, sensors, LEDs, Integrated Circuits, Power Devices, and optoelectronics. With rising demand from emerging nations, the electronics sector is seeing astonishing growth. Electronic systems and networks, variable frequency drives, factory control devices, and other sub-sectors are expected to grow rapidly in the future years.
Glass Substrate Market Regional Insights:
Due to increased consumption in countries e.g. China, India, and Japan, the APAC region is the main market and is anticipated to be the fastest-growing market. China is the world's largest producer of electronic goods. Not only does the country meet domestic consumption for electronics, but it also distributes electronic products to foreign countries. Electronics output is expected to increase further throughout the projection period, owing to rising middle-class spending power and rising demand for electronic items in nations purchasing digital products from China. Furthermore, the country offers one of the world's largest medical fields. The Chinese government stresses welfare and technology in the 13th Five-Year Plan, which is likely to enhance expenditures in the biotechnology and pharmaceutical industry throughout the projection period. This, in turn, is predicted to boost the manufacturing of high-tech medical equipment used to relieve severe and age-related disorders in the nation, increasing demand for the market under consideration.Glass Substrate Industry Ecosystem
The objective of the report is to present a comprehensive analysis of the Glass Substrate market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Glass Substrate market dynamics, and structure by analyzing the market segments and projecting the Glass Substrate market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Glass Substrate market make the report investor’s guide.
Glass Substrate Market Scope: Inquiry Before Buying
Glass Substrate Market Report Coverage Details Base Year: 2022 Forecast Period: 2024-2030 Historical Data: 2017 to 2022 Market Size in 2023: US $ 4.2 Bn. Forecast Period 2023 to 2029 CAGR: 7.8% Market Size in 20230: US $ 6.3 Bn. Segments Covered: by Type Borosilicate Silicon Ceramic Quartz Others by End Use Industry Automotive Aerospace and Defense Healthcare Solar Power Electronics Others Glass Substrate Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Glass Substrate Market Key Players
• AGC • SCHOTT • Corning Inc. • Nippon Sheet Glass • Plan Optik • HOYA Corporation • LG Chem • OHARA Inc. • IRICO Group New Energy Company Limited • The Tunghsu Group • Viracon • Guardian Glass • Asahi Glass Co., Ltd. • Dongxu Group Co., Ltd. • Saint-Gobain • China Glass Holdings LimitedFAQs:
1. Which is the potential market for the Glass Substrate in terms of the region? Ans. APAC is the potential market for the Glass Substrate in terms of the region. 2. What are the opportunities for new market entrants? Ans. The key opportunity in the market is that solar power-producing facilities have a lot of promise in the glass substrate industry. 3. What is expected to drive the growth of the Glass Substrate market in the forecast period? Ans. A major driver of the market is that in the automobile sector, there has been an increase in the usage of fiberglass composites. 4. What is the projected market size & growth rate of the Glass Substrate Market? Ans. Glass Substrate Market size was valued at USD 4.2 Billion in 2023 and the total Glass Substrate revenue is expected to grow by 7.8% from 2023 to 2030, reaching nearly USD 6.3 Billion. 5. What segments are covered in the Glass Substrate Market report? Ans. The segments covered are Type, End-User Industry, and Region.
1. Glass Substrate Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Glass Substrate Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Consolidation of the Market 2.7.1. Strategic Initiatives and Developments 2.7.2. Mergers and Acquisitions 2.7.3. Collaborations and Partnerships 2.7.4. Product Launches and Innovations 3. Patent Analysis: 3.1.1. Top 10 Patent Holders 3.1.2. Top 10 Companies with Highest Number of Patents 3.1.3. Patent Registration Analysis 3.1.4. Number of Patents Granted Still 2024 4. Glass Substrate Market: Dynamics 4.1. Glass Substrate Market Trends 4.2. Glass Substrate Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 5. Value and Supply Chain Analysis 6. Pricing Analysis 6.1. Average price of Glass Substrate, by Region 6.2. Average price of Glass Substrate, by End User 7. Regulatory Landscape 7.1. Regulation by Region 7.2. Tariff and Taxes 7.3. Regulatory Bodies, Government agencies, and other organization by Region 8. Trade Data Analysis: 8.1. Import/ Export of Glass Substrate 8.1.1. Import Data on Glass Substrate 8.1.2. Export Data on Glass Substrate 9. Glass Substrate Market Size and Forecast by Segments (by Value USD Billion) 9.1. Global Glass Substrate Market Size and Forecast, by Type(2023-2030) 9.1.1. Borosilicate 9.1.2. Silicon 9.1.3. Ceramic 9.1.4. Quartz 9.1.5. Others 9.2. Global Glass Substrate market Size and Forecast, by End User (2023-2030) 9.2.1. Automotive 9.2.2. Aerospace and Defense 9.2.3. Healthcare 9.2.4. Solar Power 9.2.5. Electronics 9.2.6. Others 9.3. Global Glass Substrate market Size and Forecast, by Region (2023-2030) 9.3.1. North America 9.3.2. Europe 9.3.3. Asia Pacific 9.3.4. Middle East and Africa 9.3.5. South America 10. North America Glass Substrate market Size and Forecast (by Value USD Billion) 10.1. North America Global Glass Substrate Market Size and Forecast, by Type(2023-2030) 10.1.1. Borosilicate 10.1.2. Silicon 10.1.3. Ceramic 10.1.4. Quartz 10.1.5. Others 10.2. North America Global Glass Substrate market Size and Forecast, by End User (2023-2030) 10.2.1. Automotive 10.2.2. Aerospace and Defense 10.2.3. Healthcare 10.2.4. Solar Power 10.2.5. Electronics 10.3. Others North America Global Glass Substrate market Size and Forecast, by Country (2023-2030) 10.3.1. United States 10.3.1.1. United States Global Glass Substrate Market Size and Forecast, by Type(2023-2030) 10.3.1.1.1. Borosilicate 10.3.1.1.2. Silicon 10.3.1.1.3. Ceramic 10.3.1.1.4. Quartz 10.3.1.1.5. Others 10.3.1.2. United States Global Glass Substrate market Size and Forecast, by End User (2023-2030) 10.3.1.2.1. Automotive 10.3.1.2.2. Aerospace and Defense 10.3.1.2.3. Healthcare 10.3.1.2.4. Solar Power 10.3.1.2.5. Electronics 10.3.1.2.5.1. Others 10.3.2. Canada 10.3.2.1. Canada Global Glass Substrate Market Size and Forecast, by Type(2023-2030) 10.3.2.1.1. Borosilicate 10.3.2.1.2. Silicon 10.3.2.1.3. Ceramic 10.3.2.1.4. Quartz 10.3.2.1.5. Others 10.3.2.2. Canada Global Glass Substrate market Size and Forecast, by End User (2023-2030) 10.3.2.2.1. Automotive 10.3.2.2.2. Aerospace and Defense 10.3.2.2.3. Healthcare 10.3.2.2.4. Solar Power 10.3.2.2.5. Electronics 10.3.2.2.6. Others 10.3.3. Mexico 10.3.3.1. Mexico Global Glass Substrate Market Size and Forecast, by Type (2023-2030) 10.3.3.1.1. Borosilicate 10.3.3.1.2. Silicon 10.3.3.1.3. Ceramic 10.3.3.1.4. Quartz 10.3.3.1.5. Others 10.3.3.2. Mexico Global Glass Substrate market Size and Forecast, by End User (2023-2030) 10.3.3.2.1. Automotive 10.3.3.2.2. Aerospace and Defense 10.3.3.2.3. Healthcare 10.3.3.2.4. Solar Power 10.3.3.2.5. Electronics 10.3.3.2.6. Others 11. Europe Glass Substrate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 11.1. Europe Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.2. Europe Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3. Europe Glass Substrate Market Size and Forecast, by Country (2023-2030) 11.3.1. United Kingdom 11.3.1.1. United Kingdom Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.1.2. United Kingdom Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.2. France 11.3.2.1. France Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.2.2. France Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.3. Germany 11.3.3.1. Germany Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.3.2. Germany Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.4. Italy 11.3.4.1. Italy Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.4.2. Italy Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.5. Spain 11.3.5.1. Spain Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.5.2. Spain Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.6. Sweden 11.3.6.1. Sweden Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.6.2. Sweden Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.7. Austria 11.3.7.1. Austria Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.7.2. Austria Glass Substrate Market Size and Forecast, by End User(2023-2030) 11.3.8. Rest of Europe 11.3.8.1. Rest of Europe Glass Substrate Market Size and Forecast, by Type(2023-2030) 11.3.8.2. Rest of Europe Glass Substrate Market Size and Forecast, by End User(2023-2030) 12. Asia Pacific Glass Substrate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 12.1. Asia Pacific Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.2. Asia Pacific Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3. Asia Pacific Glass Substrate Market Size and Forecast, by Country (2023-2030) 12.3.1. China 12.3.1.1. China Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.1.2. China Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.2. S Korea 12.3.2.1. S Korea Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.2.2. S Korea Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.3. Japan 12.3.3.1. Japan Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.3.2. Japan Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.4. India 12.3.4.1. India Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.4.2. India Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.5. Australia 12.3.5.1. Australia Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.5.2. Australia Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.6. Indonesia 12.3.6.1. Indonesia Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.6.2. Indonesia Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.7. Malaysia 12.3.7.1. Malaysia Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.7.2. Malaysia Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.8. Vietnam 12.3.8.1. Vietnam Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.8.2. Vietnam Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.9. Taiwan 12.3.9.1. Taiwan Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.9.2. Taiwan Glass Substrate Market Size and Forecast, by End User(2023-2030) 12.3.10. Rest of Asia Pacific 12.3.10.1. Rest of Asia Pacific Glass Substrate Market Size and Forecast, by Type(2023-2030) 12.3.10.2. Rest of Asia Pacific Glass Substrate Market Size and Forecast, by End User(2023-2030) 13. South America Glass Substrate Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 13.1. South America Glass Substrate Market Size and Forecast, by Type (2023-2030) 13.2. South America Glass Substrate Market Size and Forecast, by End User(2023-2030) 13.3. South America Glass Substrate Market Size and Forecast, by Country (2023-2030) 13.3.1. Brazil 13.3.1.1. Brazil Glass Substrate Market Size and Forecast, by Type(2023-2030) 13.3.1.2. Brazil Glass Substrate Market Size and Forecast, by End User(2023-2030) 13.3.2. Argentina 13.3.2.1. Argentina Glass Substrate Market Size and Forecast, by Type(2023-2030) 13.3.2.2. Argentina Glass Substrate Market Size and Forecast, by End User(2023-2030) 13.3.3. Rest Of South America 13.3.3.1. Rest of South America Glass Substrate Market Size and Forecast, by Type(2023-2030) 13.3.3.2. Rest of South America Glass Substrate Market Size and Forecast, by End User(2023-2030) 14. Company Profile: Key players 14.1.1. AGC 14.1.2. Financial Overview 14.1.3. Business Portfolio 14.1.4. SWOT Analysis 14.1.5. Business Strategy 14.1.6. Recent Developments 14.2. AGC 14.3. SCHOTT 14.4. Corning Inc. 14.5. Nippon Sheet Glass 14.6. Nippon Sheet Glass 14.7. HOYA Corporation 14.8. LG Chem 14.9. OHARA Inc. 14.10. IRICO Group New Energy Company Limited 14.11. The Tunghsu Group 14.12. Viracon 14.13. Guardian Glass 14.14. Asahi Glass Co., Ltd. 14.15. Dongxu Group Co., Ltd. 14.16. Saint-Gobain 14.17. China Glass Holdings Limited 14.18. Others 15. Key Findings 16. Industry Recommendations 17. Glass Substrate Market: Research Methodology
