Dec 11, 2017   SOURCE: BusinessWire

Glass Substrate Market by Type, End-Use Industry & Region - Global Forecast to 2022 - Research and Markets

The "Glass Substrate Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The glass substrate market is estimated to be USD 1.49 Billion in 2017 and 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. The increasing use of LCDs in consumer durables, smart handheld devices, and automotive applications is one of the most significant factors driving the growth of the glass substrate market during the forecast period. However, the high manufacturing cost of glass substrates acts as a restraint to the growth of the glass substrate market.

Based on type, the borosilicate-based glass substrates segment is projected to witness the highest growth during the forecast period. These substrates are available at affordable costs as compared to other glass substrates. In addition, unique properties of borosilicate-based glass substrates, such as low coefficient of thermal expansion, high chemical resistivity, and high surface strength are contributing to the increased consumption of borosilicate-based glass substrates, globally. The fused silica/quartz-based glass substrates segment is projected to grow at the second-highest CAGR during the forecast period, owing to the improved thermal expansion capability of fused silica/quartz-based glass substrates as compared to borosilicate-based glass substrates.

The electronics industry accounted for a major share of the glass substrate market. The increasing use of glass substrates to manufacture display devices, electronic components, semiconductors, MEMS devices, and information, computing & telecommunication devices is expected to drive the growth of the glass substrate market in the electronics industry. Moreover, advancements in the field of LCDs and semiconductors are further contributing to the growth of the glass substrate market.

Companies Mentioned

  • Asahi Glass Co., Ltd. (Agc)
  • Corning Inc.
  • 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

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Glass Substrate Market, By Type

7 Glass Substrate Market, By End-Use Industry

8 Glass Substrate Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/p69pvb/glass_substrate