Glass Substrate Market to experience an impressive growth of 6.2% during 2020-2025
January 27, 2020
Glass Substrate Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The growing use of LCDs, smartphones, applications in automobiles, and the development of semiconductors and electronics industries are driving the glass substrate market globally.
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Glass Substrate Market Segment Insights:
By Type:
On the basis of type, the market is segmented as borosilicate-based glass substrates, silicon-based glass substrates, ceramic-based glass substrates, fused silica-/quartz-based glass substrates, and others. Borosilicate-based glass substrates find wide applications owing to their remarkable properties, such as elevated chemical-resistance, low coefficient of thermal expansion, and increased surface strength.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as electronics, automotive, medical, aerospace & defense, and solar power. The electronics industry is the largest application and offers substantial growth opportunities in the coming five years owing to the increased use in various electronics manufacturing.
By Region:
In terms of regions, Asia-Pacific is expected to be the largest and highest-growing market for glass substrates in the coming five years. China and India are the growth engines of the region. This growth is attributed to the presence of a large number of electronics manufacturing companies in the region. North America and Europe also offer sizeable growth opportunities during the forecast period.
Key Players:
Some of the glass substrate manufacturers are 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.
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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