Glass Substrate Market was valued US$ 1.54 Billion in 2016 is projected to reach USD 2.64 Billion by 2026 registering the CAGR of 5.53%.Rising need for glass substrate in semiconductor industry, increasing use of LCDs in consumer durables, smart handheld devices and other applications, need for improved shock resistance as well as higher stability are the factors driving the growth of the global glass substrate market.glass substrate marketIncrease in manufacturing of electronic components, semiconductors, MEMS devices, display devices, telecommunication & computing devices are some of the other factors that are driving growth of glass substrate market in the electronics industry. Borosilicate-based glass substrates type is the most widely used type of glass substrates that can be attributed to its properties, such as high chemical resistivity, low coefficient of thermal expansion, and high surface strength.Asia Pacific holds maximum share of glass substrates market and is predicted to grow at a highest CAGR. Urbanization and industrialization led by emerging countries in this is driving the glass substrate market. China is expected to hold the largest share of glass substrate market in Asia Pacific region followed by India.Glass Substrate Market, by Type:• Ceramic-based Glass Substrates• Fused Silica/Quartz-based Glass Substrates• Silicon-based Glass Substrates• Borosilicate-based Glass Substrates• Others (Soda-lime and Aluminosilicate-based Glass Substrates)Glass Substrate Market, by End-use Industry:• Medical• Aerospace & Defense• Electronics• Automotive• SolarGlass Substrate Market by Region:• North America• Latin America• Europe• Asia Pacific• Middle East & AfricaKey Players Operating in the Glass Substrate Market:• AGC (Japan)• SCHOTT (Germany)• Corning Inc. (US)• Nippon Sheet Glass (Japan)• Plan Optik (Germany)• HOYA Corporation (Japan)• LG Chem (South Korea)• OHARA Inc. (Japan)• IRICO Group New Energy Company Limited (China)• The Tunghsu Group (China).
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