The glass substrate market is projected to reach USD 1.97 Billion by 2022, at a CAGR of 5.7% between 2017 and 2022. Glass substrates are thin, flat glass boards on which a thin circuit is deposited with precision. They are produced using several raw materials such as borosilicate, silicon, ceramic, fused silica/quartz, soda-lime, and aluminosilicate. Glass substrates are available in the form of disks and panels. Disk-shaped glass substrates are known as wafers and are primarily used to manufacture semiconductors, whereas, panel-shaped glass substrates are used in the manufacturing of LCDs. The shape, size, thickness, sharpness, and flexibility of glass substrates depend on their end-use application requirements. The increasing demand for glass substrates from end-use industries, such as electronics, automotive, medical, aerospace & defense, and solar, for the manufacturing of end-products, such as semiconductors, LCDs, sensors, and solar panel is one of the most significant factors projected to drive the growth of the glass substrate market.
Browse 75 Market Data Tables and 46 Figures spread through 126 Pages and in-depth TOC on "Glass Substrate Market by Type (Borosilicate, Silicon, Ceramic, and Fused Silica/Quartz-Based Glass Substrates), End-Use Industry (Electronics, Automotive, Medical, Aerospace & Defense, Solar), and Region - Global Forecast to 2022"
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The borosilicate-based glass substrates segment is the largest type segment of the glass substrate market. The growth of the borosilicate-based glass substrates segment can be attributed to the unique properties of these substrates that include low coefficient of thermal expansion, high chemical resistivity, and high surface strength.
Expansions, new product developments, and agreements were key growth strategies adopted by major players between 2014 and 2017 to strengthen their foothold in the glass substrate market. Leading companies in the glass substrate market are AGC (Japan), SCHOTT (Germany), Corning Inc. (US), Nippon Sheet Glass (Japan), Plan Optik (Germany), HOYA Corporation (Japan), LG Chem (South Korea), OHARA Inc. (Japan), IRICO Group New Energy Company Limited (China), and The Tunghsu Group (China).
