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 MarketStudyReport, global glass substrate market which generated revenues worth USD 1.39 billion in the year 2020 and is anticipated to record lucrative growth during 2021-2026.

The rising demand for a display-use glass substrate, advancements & increasing penetration of electronics in the automotive industries, and surging demand for automation in manufacturing sector are some of the major factors driving the growth of the global glass substrate market.

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Based on type, the market is segmented on the basis of borosilicate, ceramic, silicon, fused silica, and others. Among these, the borosilicate segment is estimated to hold a majority market share over the review period, owing to rising demand for more uniform, thinner, larger, and pristine glass substrates and improved physical properties.

Moving on to the end-user spectrum, the market is bifurcated into electronics, medical, automotive, solar power, and aerospace & defense. Out of these, the electronic segment is expected to hold the largest market share over the forecast timeline, on account of increasing demand for technologically advanced consumer electronic devices such as mobile phones, smart wearables, computers, tablets, and others.

The geographical analysis of this business space extends to Asia-Pacific, Americas, and Europe with key focus on countries such as Mexico, China, India, Japan, Italy, France, the U.K., Germany, U.S., and Canada.

Meanwhile, Asia Pacific glass substrate marketplace is anticipated to grow significantly during the analysis period with China and India leading in terms of revenue hierarchy, primarily due to increasing disposable income, rising population., and high concentration of ODMs and OEMs.

The key players in the global glass substrate industry include AGC Inc., Nippon Sheet Glass Co. Ltd., LG Chem Ltd., IRICO Group New Energy Co. Ltd., Corning Inc., Hoya Corporation, Ohara Inc., Schott AG, and Plan Optik AG.