Lucintel Forecasts Glass substrate Market to Reach $XX Billion by 2028

According to the recent study the glass substrate market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 5% to 7% from 2023 to 2028. Growth in this market is primarily driven by increasing usage of glass substrate in electronics and semiconductor industry, increasing use of LCDs in automotive and consumer durables, and improvement in technology leads to development of glass substrate with higher stability and shock resistance property.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in glass substrate market by product type (borosilicate, silicon, ceramic, quartz, and others), end use industry (electronics, automotive, medical, solar, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Borosilicate market is expected to remain the largest segment during the forecast period.”

Based on product type, the glass substrate market is segmented into borosilicate, silicon, ceramic, quartz, and others. Lucintel forecasts that the borosilicate market is expected to remain the largest segment due to the expanding demand for glass substrate that are highly chemical resistant, offers greater surface strength, and are low coefficient of thermal expansion in various end use industries.

“Within the glass substrate market, the electronics segment is expected to remain the largest end use industry”

Based on end use industry the electronics segment is expected to witness the highest growth over the forecast period due to the increasing usage of various display devices, electronic equipment, computing and telecommunication devices, and semiconductors.

“Asia pacific will dominate the glass substrate market in near future”

APAC will remain the largest region due to the growing demand for glass substrate to reduce carbon footprint by promoting eco-friendly and recyclable products, presence of prominent glass substrate manufacturers, and increasing middle-class disposable income to stimulate demand for electronic products in this region.

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Major players of glass substrate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. AGC, SCHOTT AG, Corning, LG Chem, Saint-Gobain S.A., Nippon Sheet Glass, and Plan Optik AG are among the major glass substrate providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or [email protected]

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