According to the research report titled ‘Global Glass Substrate Market (Value, Surface Area): Analysis By Type (Borosilicate, Silicon, Ceramic, Fused Silica, Others), End Use, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report, global glass substrate market attained a valuation of USD 1.39 billion in 2020 and is anticipated to register a healthy growth rate over 2021-2026.
 

Global glass substrate is largely driven by mounting demand for display-use glass substrate for application in large panels, and rising penetration of consumer electronics owing to increasing purchasing power in highly populated economies like China and India. Moreover, growing integration of electronics in vehicles and increasing automation of manufacturing processes are adding considerable momentum to the industry expansion.
 

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Based on type, the borosilicate segment is set to grab a sizeable portion of the industry share, creditable to increasing efforts towards new innovations to catering to escalating demand for thinner, larger, more uniform, and pristine glass substates with enhanced physical characteristics. Citing an instance, Corning designed the RAGLE2000, a new generation of borosilicate glass substrates, specifically for the TFT-LCD market.
 

Considering the end-use scope, the electronics segment will showcase strong growth trends in the upcoming years. This can be ascribed to surging demand for technologically advanced consumer electronics such as tablets, smart wearables, and computers.
 

On the geographical front, key regional contributors to global glass substrate market growth are Americas (North America, Canada, Mexico), Asia Pacific (India, China, Japan), and Europe (Germany, United Kingdom, Italy, France).
 

Expert analysts claim that Asia Pacific industry is slated to grow at a healthy rate over the forecast duration, chiefly on the back of high concentration of OEMs and ODMs across various sectors of the region including consumer electronics, automotive, healthcare, and industrial.
 

With respect to the competitive landscape, Plan Optik AG, Schott AG, Irico Group New Energy Co. Ltd., Nippon Electric Glass Co. Ltd., LG Chem Ltd., Ohara Inc., Hoya Corp., Corning Inc., Nippon Sheet Glass Co. Ltd., and AGC Inc. are the leading players in global glass substrate industry sphere. Strategies such as new product development, production capacity expansions, and partnerships are anticipated to help companies boost their revenue in the forthcoming years.