Glass Substrates Market to Record Growth of USD 616.14 Million – 45% Growth to Come from APAC

NEW YORK, September 12, 2022 /PRNewswire/ — The “Glass Substrates Market by End User and Geography – Forecast and Analysis 2022-2026report has been added to Technavio’s offering. The report forecasts the market size to increase by $616.14 millionexpanding at a CAGR of 5.92% between 2021 and 2026. The report considers various aspects such as consumer base, adoption rate, average selling price, revenue generated by vendors, and various others factors to estimate the market size. Download sample PDF report

Technavio has announced its latest market research report titled Glass Substrates Market by End User and Geography – Forecast and Analysis 2022-2026

The report offers an up-to-date analysis of the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of fiberglass composites in automobiles. The study also identifies adoption of glass substrates in solar power plants, growth and expansion of various end-user industries, and increasing applications in electrical and electronics industry as other reasons driving the growth of the glass substrates market over the next few years. a few years.

The global glass substrates market is characterized by intense competition and is moderately fragmented due to the presence of numerous multinational and local vendors. The global glass substrates market depends on many major end-user industries, such as electronics, aerospace, and automotive. Therefore, slow growth or declining growth of these industries will also have a negative effect on the growth of vendors in the global glass substrates market. Technological developments are expected to fuel the adoption of glass substrates over the forecast period, as the main focus of the existing players in the market is to offer technologically advanced recycling methods for glass substrates. Local suppliers are using technologies to strengthen their presence in the market. Most of the vendors in the market are investing heavily in R&D to attract customers through product innovations, which is expected to result in moderate competition among the vendors in the market over the forecast period.

The report analyzes the market by end user (electronic display panels, automotive, medical, solar, aerospace and defense) and geography (APAC, North America, Europe, South Americaand the Middle East and Africa).

The electronic billboard segment will account for the largest share of the market. Wider use of glass substrates in various applications, such as semiconductors, displays, telecommunications devices, and electronic components, is driving the growth of the segment.

By region, APAC is expected to become the main market, occupying 45% of the global market share. The growth of the regional market is driven by the increasing production and sales of electronic devices and automobiles. In addition, rising consumer disposable incomes and expanding middle class are expected to drive the growth of the glass substrates market in APAC over the forecast period.

This report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters

The glass substrates market covers the following areas:

Companies cited

  • AGC Inc.

  • Apogee Enterprises Inc

  • Corning inc.

  • DuPont de Nemours Inc.

  • HOYA Corp.

  • IRICO Group New Energy Co. Ltd.

  • Kyodo International Inc.

  • Laseroptic GmbH

  • MTI Corp.

  • Nippon Sheet Glass Co. Ltd.

  • NOVA Electronic Materials LLC

  • Ohara inc.

  • Otto Chemie Pvt. ltd.

  • Map of Optik AG

  • SCHOTT S.A.

  • Shilpa Enterprises

  • Shin Etsu Chemical Co. Ltd.

  • Solaronix AG

  • Techinstro Industries

  • Vedanta Ltd.

Related reports:

Glass Substrate Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.92%

Market Growth 2022-2026

$616.14 million

Market structure

Fragmented

Annual growth (%)

5.0

Regional analysis

APAC, North America, Europe, South America, Middle East and Africa

Successful market contribution

APAC at 45%

Main consumer countries

United States, China, Japan, Germany and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AGC Inc., Apogee Enterprises Inc., Corning Inc., DuPont de Nemours Inc., HOYA Corp., IRICO Group New Energy Co. Ltd., Kyodo International Inc., Laseroptik GmbH, MTI Corp., Nippon Sheet Glass Co. Ltd . , NOVA Electronic Materials LLC, Ohara Inc., Otto Chemie Pvt. Ltd., Plan Optik AG, SCHOTT AG, Shilpa Enterprises, Shin Etsu Chemical Co. Ltd., Solaronix SA, Techinstro Industries and Vedanta Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by End User

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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