New York, January 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 2022to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Glass Substrate Market.

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.

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 & defense, 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. 

Borosilicate-based glass substrate type segment is expected to lead glass substrate market

The high chemical resistance and low thermal expansions has been responsible for making an advantageous for the use in the different end use industry has been propelling the growth of the glass substrate market during the forecast period. 

Electronic end-use industry segment is anticipated to lead the glass substrate market

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 major market share in the glass substrate market

The factors such as increasing use of the glass substrates in the different application and China’s largest account of the share of the market has been driving the growth of the glass substrate market in the region during the forecast period. 

Key Players

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.

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