The demand for glass substrate is expected to develop significantly and achieve USD 2.3 billion in 2024. Sales of glass substrates are envisioned to evolve at a steady 5.9% CAGR between 2024 and 2034. The glass substrate market size is predicted to attain a valuation of USD 4.2 billion by 2034.
Although constraints like the environmental effect of glass production are anticipated to restrict market expansion, the increasing adoption of glass fiber composites in automobiles is notably sustaining the market growth of glass substrate.
Attributes | Details |
---|---|
Market Value for 2024 | USD 2.3 billion |
Market Value for 2034 | USD 4.2 billion |
Market CAGR from 2024 to 2034 | 5.9% |
The glass substrate market developed significantly between 2019 and 2023 due to rising demand and technological developments. Due to new applications and changing customer tastes, the glass substratum market is expected to thrive between 2024 and 2034.
Short-term Analysis:
Attributes | Details |
---|---|
Market Value for 2019 | USD 1.7 billion |
Market Value for 2023 | USD 2.2 billion |
Market CAGR from 2019 to 2023 | 6.8% |
Mid-term Analysis:
Long-term Analysis:
According to extensive research, borosilicate-based glass substrates are the most prevalent type under the segmented market analysis for display glass substrates, and the automotive sector is the leading end user.
This comprehensive study emphasizes the significance of borosilicate-based glass substrates and the considerable influence of the automobile sector on these materials in the display glass substrate market.
Attributes | Details |
---|---|
Top Type | Borosilicate |
CAGR % 2019 to 2023 | 6.7% |
CAGR % 2024 to End of Forecast (2034) | 5.7% |
Attributes | Details |
---|---|
Top End Use Industry | Automotive |
CAGR % 2019 to 2023 | 6.6% |
CAGR % 2024 to End of Forecast (2034) | 5.3% |
The glass substratum market study presented in the tables highlights major economies such as South Korea, the United Kingdom, China, Japan, and the United States.
A comprehensive analysis has observed substantial opportunities in South Korea, demonstrating an optimal setting for market expansion of glass substrate. This revelation underscores the nation's capacity for strong growth in the glass substrate industry.
Nation | South Korea |
---|---|
HCAGR (2019 to 2023) | 7.5% |
CAGR (2024 to 2034) | 7.3% |
Nation | United Kingdom |
---|---|
HCAGR (2019 to 2023) | 9.9% |
CAGR (2024 to 2034) | 7.1% |
Nation | China |
---|---|
HCAGR (2019 to 2023) | 8.1% |
CAGR (2024 to 2034) | 6.2% |
Country | Japan |
---|---|
HCAGR (2019 to 2023) | 8.6% |
CAGR (2024 to 2034) | 6.4% |
Nation | United States |
---|---|
HCAGR (2019 to 2023) | 7.2% |
CAGR (2024 to 2034) | 6.0% |
The market has a competitive landscape, with major glass substrate producers contending for market share. Leading glass substrate manufacturers, like AGC Inc., Corning Inc., and SCHOTT AG, are at the forefront, using their experience and technological power to drive innovation.
The major glass substrate manufacturers are joined by established participants such as Apogee Enterprises Inc., DuPont de Nemours Inc., and HOYA Corp., each of which brings unique strengths.
The market consists of essential glass substrate vendors such as Nippon Sheet Glass Co. Ltd., IRICO Group New Energy Co. Ltd., and Shin-Etsu Chemical Co. Ltd., which adds to the competitive dynamics. Other noteworthy glass substrate providers include Kyodo International Inc., NOVA Electronic Materials LLC, and Solaronix SA, all of which help to shape the market landscape.
Emerging glass substrate suppliers, including Otto Chemie Pvt. Ltd., Plan Optik AG, and Techinstro Industries, are gaining pace, increasing the sector's diversity and intensity of competition.
With various manufacturers providing various glass substrate solutions, the market is defined by innovation, technological breakthroughs, and a relentless pursuit of quality. As these providers continue to develop and expand their products, the glass substrate industry is expected to grow and evolve.
Novel Developments
Company | Details |
---|---|
BOE | BOE introduced a novel P0.9 glass-based Mini LED display device in June 2022 that uses small LED crystal particles as pixel luminous points, has the world's first mass manufacturing, low power consumption, and an ultra-high bit number. |
SKC | SKC (a subsidiary of South Korean Chaebol SK Group) stated in February 2022 that it would establish a 12,000 sq. meter, USD 80 million semiconductor glass substrate fabrication factory in Covington, Georgia, by 2023, with ambitions to grow to 72,000 sq. meters by 2025. |
Borosil Renewables | Due to high demand development, Borosil Renewables planned to increase its solar panel glass manufacturing capacity from 450 to 2,000 tons per day in February 2022. The company is adding a third solar line with a capacity of 550 metric tons, which is slated to begin production in September 2022 and increase the manufacturer's daily capacity to 1,000 tons. |
Corning Inc. | Corning Inc., based in the United States, introduced Gorilla Glass Victus in July 2020, following the release of Gorilla Glass 6. According to laboratory studies, Corning Gorilla Glass Victus may be dropped from a height up to 2 meters onto a hard and rough surface and remain intact. In contrast, other brands of aluminosilicate glass are frequently damaged when dropped from a height of less than 0.8 meters. |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Type, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End Use Industry, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by End Use Industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 16: Global Market Attractiveness by Type, 2024 to 2034
Figure 17: Global Market Attractiveness by End Use Industry, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 34: North America Market Attractiveness by Type, 2024 to 2034
Figure 35: North America Market Attractiveness by End Use Industry, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End Use Industry, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Type, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by End Use Industry, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by End Use Industry, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Type, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Type, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by End Use Industry, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 125: East Asia Market Attractiveness by End Use Industry, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Type, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by End Use Industry, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Type, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End Use Industry, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by End Use Industry, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use Industry, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use Industry, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Type, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by End Use Industry, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The demand for glass substrate is expected to secure a valuation USD 2.3 billion in 2024.
The display glass substrate market is estimated to attain USD 4.2 billion by 2034.
Through 2034, the display glass substrate sales are anticipated to thrive at a 5.9% CAGR.
From 2019 to 2023, the display glass substrate market registered a 6.8% HCAGR.
The borosilicate-based glass substrates sector is projected to soar at a CAGR of 5.7% from 2024 to 2034.
The automotive sector is predicted to boost at a CAGR of 5.3% between 2024 and 2034.
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