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. 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.
The Asia Pacific is estimated to be the largest market for glass substrates. In the Asia Pacific region, China is estimated to be the key consumer of glass substrates. Japan, South Korea, and Taiwan are other major countries contributing to the growth of the glass substrate market in this region. The increasing demand for glass substrates from various end-use industries, such as electronics, automotive, and medical, is expected to drive the growth of the glass substrate market in the Asia Pacific region.
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), and The Tunghsu Group (China).
