Glass substrates are thin layers of glass used as the foundation material in the manufacture of semiconductor devices such as integrated circuits (ICs). They are typically made of soda lime glass and can range in thickness from a few hundredths of a millimetre to several millimetres. Glass substrates are commonly used in applications that require a flat, non-porous surface, such as the manufacture of LCDs, solar cells, and touch panels. As the number of electronic devices produced increases, so does the demand for glass substrates. This is because of their superior electrical properties, as well as their ability to protect electronic components and help maintain device accuracy.
The report "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", The glass substrate market was projected to reach USD 1.97 Billion by 2022, at a CAGR of 5.7%. The growth of the glass substrate market is primarily driven by the rising demand for glass substrates from industries, such as electronics, automotive, medical, aerospace & defense, and solar, for the manufacture of end-products that include semiconductors, LCDs, sensors, and solar panels.
Request to PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21345916
Borosilicate-based glass substrates estimated to be the largest type segment of the glass substrate market
The glass substrate market is thought to be dominated by borosilicate-based substrates due to their exceptional qualities, including great thermal shock resistance and very low thermal expansion. Because of these qualities, they are a top choice for the manufacturing of optical devices, semiconductors, and flat panel displays. Moreover, photovoltaic cells, LED illumination, and optoelectronic devices all frequently use glass substrates made of borosilicate.
The electronics industry is the fastest-growing end-use industry segment of the glass substrate market
Glass substrates are extensively used in the electronics industry, which accounts for 44.3% of the market's overall value. Due to the rising demand for consumer electronics such smartphones, tablets, and smart wearables, this market sector is predicted to develop at the fastest rate throughout the forecast period. Likewise, the electronics sector segment is anticipated to develop because of the rising demand for displays like OLED and LCD. Additionally, it is anticipated that increased use of glass substrates in the automobile sector would increase demand for these materials.
The Asia-Pacific Region to Dominate the glass substrates market during forecast
According to estimates, the largest market for glass substrates is in the Asia Pacific area. The need for glass substrates is expanding quickly in nations like China, India, Japan, and South Korea. The existence of numerous sizable producers of glass substrates in the area is contributing to the market's expansion. The demand for glass substrates in the Asia Pacific area is anticipated to rise in response to the region's growing demand for consumer electronics and flat panel displays.
Speak with Our Expert for More Details: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=21345916
Key companies profiled in the glass substrate market research report 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), The Tunghsu Group (China) and others.
Read Our Trending Press Release Below:
Terpene Resins Industry- https://www.marketsandmarkets.com/Market-Reports/terpene-resins-market-258854428.html
Squalene Industry- https://www.marketsandmarkets.com/Market-Reports/squalene-market-542345.html
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441