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 garnered a revenue of USD 1.39 billion in the year 2020 and is estimated to record colossal growth during 2021-2026. 

Soaring disposable income in populated countries like India & China, extensive product usage given the strong demand for large panels, alongside massive advancements and a consequent rise in the utilization of electronic devices are major growth stimulants of global glass substrate market.

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Moreover, growing proliferation of the automotive and electronics sectors, coupled with budding automation in the manufacturing arena are likely to further bolster the industry development in the coming years. 

As per product type, the borosilicate vertical is slated to account for a substantial market share during the projected timeline due to intense demand for thinner, larger, and uniform glass substrates with improved physical properties, in consort with constant innovations in the field. 

In terms of end-user ambit, the electronics segment of worldwide glass substrate industry is reckoned to amass notable valuation during the study period, owing to the surging demand for technologically advanced consumer electronics like tablets, mobiles phones, smart wearable devices, among others. 

Concerning the regional terrain, Asia Pacific market is speculated to hold a remarkable revenue share during the assessment timeframe, ascribed to the huge concentration of original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in multiple sectors like healthcare, etc. across the region. 

The top companies in global glass substrate marketplace include Plan Optik AG, AGC Inc., IRICO Group New Energy Co. Ltd., Corning Incorporated, Schott Glass India Pvt. Ltd., Nippon Sheet Glass Co. Ltd., Nippon Electric Glass Co. Ltd., Ohara Inc., Hoya Corporation, and LG Chem Ltd. among others.