Glass Substrate Market Worldwide Industry Analysis, Future Demand and Forecast till 2031

The global glass substrate market is expected to grow at a compound annual growth rate (CAGR) of 4.67% during the forecast period (2024-2031). The increase in technological advancements is one of the key drivers for market growth. The rise of ultra-thin and flexible substrates is increasing day by day as the demand for foldable phones is also increasing in the market because these foldable devices sit into anyone’s pocket and transform into mini tablet when unfolded. Many of the advancements in glass processing like chemical strengthening, and ion exchange techniques in turn allow for the production of different types of glass sheets that can be as thin as of few micrometers, along with maintaining great strength and optical clarity. This sets off a possibility for foldable devices, wearable electronics, and many other flexible electronic devices. 

For instance, in April 2022, Vivo launched its first folding phone, the Vivo X Fold. The foldable phone launched by vivo consists of  SCHOTT’s high-performance glass. The Ultra-thin glass (UTG) provided by SCHOTT was very thin and was also break-resistant. SCHOTT’s flexible ultra-thin glass from the SCHOTT UTG product family is part of the new flagship phone’s internal display, Xensation ? (Alpha) cover glass that protects its external display, and Xensation Up. Which protects its ZEISS camera optics.

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Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·        By Type 

·        By End-Use Industry

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape includes AGC Group, Corning Inc., LG Chem, Ltd., Nippon Electric Glass Co., Ltd.,  SCHOTT, and others.

Glass Substrate Market Report Segment

By Type 

•                 Borosilicate glass

•                 Quartz glass

•                 Others (Ceramic Glass, Sapphire Glass, and many more)

By End-Use Industry

•                 Electronics

•                 Consumer goods

•                 Aerospace & Defence

•                 Medical

•                 Others (Automotive, Solar energy)

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Glass Substrate Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 AvanStrate Inc.

•                 BOE Technology Group Co., Ltd.

•                 Central Glass Co., Ltd.

•                 CSG Holding Co., Ltd.

•                 ECOtest, sl

•                 EOG Resources, Inc.

•                 Fuyao Glass Industry Group Co., Ltd.

•                 G-TECH Optoelectronics Co.

•                 HOYA Corp.

•                 IRICO Group New Energy Co., Ltd.

•                 Jamac Ventures, LLC

•                 N.E.G Technology, Inc.

•                 Plan Optik AG

•                 Teijin Limited

•                 ThinOptics

•                 Tour Saint-Gobain

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