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 LLC, global glass substrate market was valued USD 1.39 billion in 2020 and is expected to a healthy growth rate over 2021-2026.
 

Surging demand for large display-use glass panels, accelerated sales of consumer electronics due to rising disposable income levels in highly populated economies like India and China, and increasing penetration of electronics in automotive sector are fueling global glass substrate market growth. Moreover, technological advancements in the field will continue to enhance the overall remuneration potential.
 

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Based on type, borosilicate segment is anticipated to capture majority industry share in the forthcoming years. This can be ascribed to escalating demand for thinner, larger, more uniform glass substrates with high purity to develop better end-use products. For instance, Corning specifically designed a new generation of borosilicate glass substrates for TFT-LCD products, called EAGLE2000.
 

In terms of end-use, worldwide glass substrate industry is fragmented into electronics, medical, automotive, solar power, and aerospace & defense. Of these, electronics segment will continue to showcase strong growth trends throughout the analysis period, creditable to mounting demand for technologically advanced consumer electronic devices like smartphones, wearables, tablets, and computers.
 

Moving to the geographical bifurcation, Americas (U.S., Canada, Mexico), Europe (U.K., Italy, France), Asia Pacific (Japan, China, India) are the major avenues for business expansion. Experts cite that Asia Pacific industry will exhibit a robust growth rate over the forecast duration mainly due to strong presence of OEMs and ODMs across various industries, including automotive, consumer electronics, and healthcare.
 

Major players impacting global glass substrate market trends are Plan Optik AG, Irico Group New Energy Co. Ltd., Schott AG, Nippon Electric Glass Co. Ltd., Ohara Inc., LG Chem Ltd., Hoya Corp., Nippon Sheet Glass Co. Ltd., Corning Inc., and AGC Inc. are
 

Experts cite that new additions to manufacturing capacity to serve the continual demand from end-use industries will help businesses widen then profit margins in the upcoming years. Apart from this, new product development, partnerships, and mergers & acquisitions will also play a major role in shaping the competitive dynamics.