MARKET OVERVIEW
The glass substrate is a material that serves as a base for various applications, including semiconductors, display screens, and solar cells. These substrates are mainly composed of soda-lime glass, borosilicate glass, or quartz, known for their superior properties of high strength, high thermal resistance, and chemical resistance. The Glass Substrate Market is predicted to experience substantial growth in the coming years, driven mainly by the rising demand for semiconductors, display screens, and solar cells. Additionally, the increasing use of glass substrates in high-performance applications, coupled with the growth of the semiconductor, display, and solar cell industries, is also expected to contribute to the market growth.
MARKET SCOPE
The "Global Glass Substrate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of glass substrate market with detailed market segmentation by type, end-use industry, and geography. The global glass substrate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glass substrate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global glass substrate market is segmented on the basis of type and end-use industry. Based on 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. The market on the basis of the end-use industry is classified as electronics, automotive, medical, and aerospace & defense, and solar power.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glass substrate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The glass substrate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting glass substrate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the glass substrate market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glass substrate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The glass substrate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting glass substrate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the glass substrate market in these regions.
MARKET PLAYERS
The reports cover key developments in the glass substrate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from glass substrate market are anticipated to lucrative growth opportunities in the future with the rising demand for glass substrate in the global market. Below mentioned is the list of few companies engaged in the glass substrate market.
The report also includes the profiles of key glass substrate companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AGC Inc.
- Corning Incorporated
- Hoya Corporation
- IRICO Group Electronics Co., Ltd
- LG Chem Ltd.
- Nippon Sheet Glass Co., Ltd.
- Ohara Inc.
- Plan Optik AG
- Schott AG
- The Tunghsu Group
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glass Substrate Market - By Type
1.3.2 Glass Substrate Market - By End-Use Industry
1.3.3 Glass Substrate Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. GLASS SUBSTRATE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GLASS SUBSTRATE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GLASS SUBSTRATE MARKET - GLOBAL MARKET ANALYSIS
6.1. GLASS SUBSTRATE - GLOBAL MARKET OVERVIEW
6.2. GLASS SUBSTRATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GLASS SUBSTRATE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BOROSILICATE-BASED GLASS SUBSTRATES
7.3.1. Overview
7.3.2. Borosilicate-Based Glass Substrates Market Forecast and Analysis
7.4. SILICON-BASED GLASS SUBSTRATES
7.4.1. Overview
7.4.2. Silicon-Based Glass Substrates Market Forecast and Analysis
7.5. CERAMIC-BASED GLASS SUBSTRATES
7.5.1. Overview
7.5.2. Ceramic-Based Glass Substrates Market Forecast and Analysis
7.6. FUSED SILICA-/QUARTZ-BASED GLASS SUBSTRATES
7.6.1. Overview
7.6.2. Fused Silica-/Quartz-Based Glass Substrates Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. GLASS SUBSTRATE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. MEDICAL
8.5.1. Overview
8.5.2. Medical Market Forecast and Analysis
8.6. AEROSPACE AND DEFENSE
8.6.1. Overview
8.6.2. Aerospace and Defense Market Forecast and Analysis
8.7. SOLAR POWER
8.7.1. Overview
8.7.2. Solar Power Market Forecast and Analysis
9. GLASS SUBSTRATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Glass Substrate Market Overview
9.1.2 North America Glass Substrate Market Forecasts and Analysis
9.1.3 North America Glass Substrate Market Forecasts and Analysis - By Type
9.1.4 North America Glass Substrate Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Glass Substrate Market Forecasts and Analysis - By Countries
9.1.5.1 United States Glass Substrate Market
9.1.5.1.1 United States Glass Substrate Market by Type
9.1.5.1.2 United States Glass Substrate Market by End-Use Industry
9.1.5.2 Canada Glass Substrate Market
9.1.5.2.1 Canada Glass Substrate Market by Type
9.1.5.2.2 Canada Glass Substrate Market by End-Use Industry
9.1.5.3 Mexico Glass Substrate Market
9.1.5.3.1 Mexico Glass Substrate Market by Type
9.1.5.3.2 Mexico Glass Substrate Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Glass Substrate Market Overview
9.2.2 Europe Glass Substrate Market Forecasts and Analysis
9.2.3 Europe Glass Substrate Market Forecasts and Analysis - By Type
9.2.4 Europe Glass Substrate Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Glass Substrate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Glass Substrate Market
9.2.5.1.1 Germany Glass Substrate Market by Type
9.2.5.1.2 Germany Glass Substrate Market by End-Use Industry
9.2.5.2 France Glass Substrate Market
9.2.5.2.1 France Glass Substrate Market by Type
9.2.5.2.2 France Glass Substrate Market by End-Use Industry
9.2.5.3 Italy Glass Substrate Market
9.2.5.3.1 Italy Glass Substrate Market by Type
9.2.5.3.2 Italy Glass Substrate Market by End-Use Industry
9.2.5.4 United Kingdom Glass Substrate Market
9.2.5.4.1 United Kingdom Glass Substrate Market by Type
9.2.5.4.2 United Kingdom Glass Substrate Market by End-Use Industry
9.2.5.5 Russia Glass Substrate Market
9.2.5.5.1 Russia Glass Substrate Market by Type
9.2.5.5.2 Russia Glass Substrate Market by End-Use Industry
9.2.5.6 Rest of Europe Glass Substrate Market
9.2.5.6.1 Rest of Europe Glass Substrate Market by Type
9.2.5.6.2 Rest of Europe Glass Substrate Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Glass Substrate Market Overview
9.3.2 Asia-Pacific Glass Substrate Market Forecasts and Analysis
9.3.3 Asia-Pacific Glass Substrate Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Glass Substrate Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Glass Substrate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Glass Substrate Market
9.3.5.1.1 Australia Glass Substrate Market by Type
9.3.5.1.2 Australia Glass Substrate Market by End-Use Industry
9.3.5.2 China Glass Substrate Market
9.3.5.2.1 China Glass Substrate Market by Type
9.3.5.2.2 China Glass Substrate Market by End-Use Industry
9.3.5.3 India Glass Substrate Market
9.3.5.3.1 India Glass Substrate Market by Type
9.3.5.3.2 India Glass Substrate Market by End-Use Industry
9.3.5.4 Japan Glass Substrate Market
9.3.5.4.1 Japan Glass Substrate Market by Type
9.3.5.4.2 Japan Glass Substrate Market by End-Use Industry
9.3.5.5 South Korea Glass Substrate Market
9.3.5.5.1 South Korea Glass Substrate Market by Type
9.3.5.5.2 South Korea Glass Substrate Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Glass Substrate Market
9.3.5.6.1 Rest of Asia-Pacific Glass Substrate Market by Type
9.3.5.6.2 Rest of Asia-Pacific Glass Substrate Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Glass Substrate Market Overview
9.4.2 Middle East and Africa Glass Substrate Market Forecasts and Analysis
9.4.3 Middle East and Africa Glass Substrate Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Glass Substrate Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Glass Substrate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Glass Substrate Market
9.4.5.1.1 South Africa Glass Substrate Market by Type
9.4.5.1.2 South Africa Glass Substrate Market by End-Use Industry
9.4.5.2 Saudi Arabia Glass Substrate Market
9.4.5.2.1 Saudi Arabia Glass Substrate Market by Type
9.4.5.2.2 Saudi Arabia Glass Substrate Market by End-Use Industry
9.4.5.3 U.A.E Glass Substrate Market
9.4.5.3.1 U.A.E Glass Substrate Market by Type
9.4.5.3.2 U.A.E Glass Substrate Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Glass Substrate Market
9.4.5.4.1 Rest of Middle East and Africa Glass Substrate Market by Type
9.4.5.4.2 Rest of Middle East and Africa Glass Substrate Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Glass Substrate Market Overview
9.5.2 South and Central America Glass Substrate Market Forecasts and Analysis
9.5.3 South and Central America Glass Substrate Market Forecasts and Analysis - By Type
9.5.4 South and Central America Glass Substrate Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Glass Substrate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Glass Substrate Market
9.5.5.1.1 Brazil Glass Substrate Market by Type
9.5.5.1.2 Brazil Glass Substrate Market by End-Use Industry
9.5.5.2 Argentina Glass Substrate Market
9.5.5.2.1 Argentina Glass Substrate Market by Type
9.5.5.2.2 Argentina Glass Substrate Market by End-Use Industry
9.5.5.3 Rest of South and Central America Glass Substrate Market
9.5.5.3.1 Rest of South and Central America Glass Substrate Market by Type
9.5.5.3.2 Rest of South and Central America Glass Substrate Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GLASS SUBSTRATE MARKET, KEY COMPANY PROFILES
11.1. AGC INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CORNING INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HOYA CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. IRICO GROUP ELECTRONICS CO., LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LG CHEM LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIPPON SHEET GLASS CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OHARA INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PLAN OPTIK AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCHOTT AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE TUNGHSU GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- AGC Inc.
- Corning Incorporated
- Hoya Corporation
- IRICO Group Electronics Co., Ltd
- LG Chem Ltd.
- Nippon Sheet Glass Co., Ltd.
- Ohara Inc.
- Plan Optik AG
- Schott AG
- The Tunghsu Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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